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Classification - Product prawn feed - The legislature providing for exemption of such product from payment of tax does not necessarily and by itself imply that the product was otherwise exigible to tax. - HC    *    Invokation of extended period of limitation - appellant has wrongly arrived at the valuation of the pipes cleared by them on the cost construction method rather the appellant should have paid duty on the value of pipes as indicated in the contract - Having failed to raise this issue at the material time it cannot be said that the appellants had suppressed or mis-declared anything to enable the revenue to invoke extended period of limitation - Tri    *    Refund claim - reduction in value - credit notes raised by the Assessee subsequent to the sale/removal of goods - trade discounts given to its buyers including the component of excise duty - refund allowed - SC    *    Duty liability - parts of dumpers and others imported, further repacked and labelled by the appellant and sold - whether the items/parts which are repacked are parts of automobiles to fall under Third Schedule and/or Section 4A Notification or not - held yes - Tri    *    Cenvat credit - excess electricity sold to state govt. - The factum of consumption of electricity generated within the factory partly and sold out partly is an accepted proposition in the law and cenvat credit cannot be denied is also decided by various case laws - Tri    *    Classification - Lever Ayush Poshak Rasayan and Lever Rakshak Rasayan - based on the quotes from Explanatory Notes to HSN, it is clear that the subject items are in the category of food supplements and are rightly classifiable under Chapter Heading 2106.90 99. - Tri    *    The process of mixing base paint with tinter amounts to manufacture and is liable to payment of duty at the depot. - Tri    *    Goods and GST Bill passed    *    Travelling expenses incurred outside India by on duty employee whether taxable?    *    Opinion for availment of Cenvat Credit on invoices provided by CHA against service received for Export and Import.    *    FM: Government to now focus on increasing the banks’ ability to support growth    *    service tax payament-reg    *    CBDT signs 20 Unilateral Advance Pricing Agreements with Indian taxpayers    *    CENVAT CREDIT ON CERTIFIED COPY OF BILL OF MISC. CHARGES ON FINALIZATION OF BOE    *    should i buy machinery after gst or before gst which will be benefit for me    *    Captive consuption to be shown in ER-1 Return filed through ACES system -reg    *    Rebate claim issue    *    DTA supplied goods at SEZ - Order receive in US $    *    Government to issue Fifth Tranche of Sovereign Gold Bonds: Applications for the Bonds will be accepted from 1st September to 9th September, 2016 and Bonds will be issued on 23rd September,2016    *    RBI Reference Rate for US $

Income Tax Case Laws - Section: 2(11)

Home Case Index Income Tax Sections List
Cases for Section: 2(11)
Showing 1 to 15 of 24 Records
  • 2016 (4) TMI 640 - CALCUTTA HIGH COURT

    Computation of capital gain - CIT(A) has opined that the capital gains have to be computed under section 2(42C) r.w.s. 50B whereas as per assessee capital gains have to be computed on the basis of section 2(11) read with section 50 - Held that - It i... ... ...

  • 2015 (6) TMI 768 - BOMBAY HIGH COURT

    Compensation for surrender the tenancy right - Whether the assessee has not termed as tenant as per the Maharashtra rent control act? - whether amount received by assessee on account of transfer of capital assets occupied by assessee within the meani... ... ...

  • 2015 (6) TMI 923 - ITAT BANGALORE

    Depreciation on goodwill - Held that - The assessee acquired the business of weighing division of Phillips India Ltd. and that a sum of ₹ 64,93,706 was paid as goodwill of the business is not in dispute. The assessee is in the business of sales... ... ...

  • 2014 (4) TMI 81 - KARNATAKA HIGH COURT

    Stay of recovery of demand - Tribunal has granted partial relief staying 50 of tax liabilaity as determined by AO - Total demand is Rs. 2,57,57,53,136/ - Taxability of payments made - DTAAs with the NTOs for interconnectivity capacity transfer agreem... ... ...

  • 2014 (2) TMI 792 - MADRAS HIGH COURT

    Power of the Tribunal u/s 254(2) of the Act Held that - The decision in Honda Siel Power Products Ltd Versus Commissioner of Income Tax, Delhi 2007 (11) TMI 8 - Supreme Court of India followed - the purpose behind the enactment of Section 254 (2) is ... ... ...

  • 2013 (9) TMI 371 - ITAT AHMEDABAD

    Disallowance of revenue expenditure - Non commencement of business - the appellant company was of preoperative nature and the commencement of the business would start only when the appellant company starts exploitation of the project - Held that - Th... ... ...

  • 2013 (7) TMI 873 - ITAT MUMBAI

    Depreciable assets - adjustment of the cost of new flat against the sale consideration of factory premises under section 50(1)(iii) - scope of block of assets under section 2(11) - Held that - Assessee would be entitled to claim set off of cost of ne... ... ...

  • 2013 (1) TMI 425 - ITAT NEW DELHI

    Claim of loss on sale of car rejected - assessee submitted that car is a business asset and used for the purpose of business - Held that - It is not in dispute that the claimed loss on sale of cars was related to the sale of an imported car used as b... ... ...

  • 2012 (9) TMI 300 - ITAT AHMEDABAD

    Disallowance of revenue expenditure - Non commencement of business - the appellant company was of preoperative nature and the commencement of the business would start only when the appellant company starts exploitation of the project - Held that - Th... ... ...

  • 2012 (4) TMI 469 - DELHI HIGH COURT

    Treating the sale proceeds of depreciable assets as short term capital gains ITAT held the Order to be contrary to Section 50 - Held that - Given the fact that block of assets is identified by the percentage of depreciation granted, on going through ... ... ...

  • 2012 (4) TMI 347 - DELHI HIGH COURT

    Claim of exemption under Section 54EC - ITAT hold that AO was not justified in invoking Section 50(2) - assessee computed LTCG on the sale of land and having invested the gains in REC Bonds claimed gains as exempt under Section 54 EC of the Act Held ... ... ...


    Plant and machinery (not in use) acquired - Tribunal treated it as long term capital assets for the assessment year 2006-07 as it was sold in the financial year 2005-06 revenue appeal that plant and machinery (not in use) would be covered by the expr... ... ...

  • 2011 (4) TMI 512 - CALCUTTA HIGH COURT

    Search and seizure - Revised return - Bogus purchase - fictitious entry - the nature of the original entry in the accounts which on the face of it was not in conformity with the law of accountancy. - Held that - even if we assume for the sake of argu... ... ...

  • 2009 (7) TMI 177 - ITAT DELHI-A

    ... ...
    ... ... by assessee, as adjusted by the additions and reductions provided in s. 43(6)(c). In this view of the matter, the order of the learned CIT(A) confirming the order of the AO is upheld. 29. In the result, the appeal filed by the assessee is dismissed.

  • 2008 (9) TMI 17 - HIGH COURT DELHI

    AO disallowed 50 of the depreciation allowance on the ground that the assets had been entered in accounts after 30.09.1997 as per challan & confirmation certificates, assets were transferred to the assessee on 1.4.1997 - fact of the entry of the ... ... ...

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