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Whether the service of a copy of the order by Speed Post, would constitute valid service under Customs Act, 1962? - Held Yes - HC    *    Donation to political party - Return filed with Election Commission, indicate the name and donor details - Deduction u/s 80GGC allowed - Tri    *    Service tax exemption for transportation of life saving medicines    *    Regarding cenvat credit on service tax on rent a cab    *    Central Excise Exemption of ₹ 150 Lakhs    *    Handling of Cargo in Customs Areas (Amendment) Regulations, 2016    *    Export under GST Act    *    Cenvat credit on water treatment plant    *    Banking Sector Reforms: A Journey, Not a Destination (Shri S. S. Mundra, Deputy Governor August 24, 2016 at India Banking Reforms Conclave 2016 organized by Governance Now in Mumbai)    *    Exchange Rate Notification with effect from 27th Aug., 2016 thereby amending Notfn. 112/2016-Cus (NT)    *    Regarding appointment of CAA by M/s Nagarjuna Oil Corporation Ltd, Chennai    *    Seeks to further amend notification No.12/2012-Central Excise dated 17.03.2012 so as to levy Basic Excise Duty at a concessional rate of 2% on Aviation Turbine Fuel drawn by operators or cargo operators from the Regional Connectivity Scheme (RCS) airports for a period of 3 years    *    Amendment in Notification No.78/2014-Customs (N.T.) dated the 16th September, 2014    *    WITH GST CONSTITUTIONAL AMENDMENTS, WHAT NEXT ?    *    Companies Act, 2013-25 Key Highlights    *    Just because the Nepalese suppliers had billed the appellants separately for transportation from Nepal border to factory premises alongwith other expenses, they do not become the agents of the appellants - tappellants cannot be treated as recipients of GTA services in terms of Notification No. 35/04-S.T. appellant not liable to pay service tax - Tri    *    Method of valuation - the food processor basic unit along with the accessories are to be assessed together as electric mechanical domestic appliance with self contained electric motor and are chargeable to duty on MRP basis. - Tri    *    Invokation of extended period of limitation - willful misstatement/ suppression of facts - something more must be shown to construe the acts of the appellant as fit for the applicability of the proviso. - Tri    *    To take a view that the benefit of exemption can be extended only to those pipes which physically carry water and deny it to those which are used as Casing Pipes (which are also needed for delivery of water) would defeat very purpose of the Exemption Notification meant for giving the benefit to water treatment plants - Tri    *    Refund claim - period of limitation - In fact there is no time limit prescribed for issue of show-cause notice under Section 11B and thus it is open to Revenue to point out the short comings in the refund claim - Tri    *    Housing' made of plastic is not eligible for exemption available to the 'connector's. However many of such small consignments have been cleared under claim for exemption. - levy of penalty confirmed, though reduced - Tri    *    Revised guidelines for disposal of confiscated goods - regarding

Income Tax Case Laws - Section: 50C

Home Case Index Income Tax Sections List
Cases for Section: 50C
Showing 1 to 15 of 371 Records
 
  • 2016 (8) TMI 762 - ITAT MUMBAI

    Determination of valuation of the property to DVExchange of plots between the appellant and Vatsalabai Dattatray Charitable Trust without any monetary consideration as transfer of capital asset - tax on the capital gain as per stamp duty valuation - ... ... ...


  • 2016 (8) TMI 410 - ITAT DELHI

    Applicability of provisions of section 50C on the basis of circle rate at the time of execution of sale deed - Held that - Circle rate prevailing at the time of agreement to sell has to be considered for applying the provisions of section 50C. See IT... ... ...


  • 2016 (8) TMI 55 - ITAT MUMBAI

    Capital gain computation - determination by the stamp duty valuation authorities for stamp duty purpose - reference matter to DVO - Held that - In case the assessee disputes the value as adopted by the stamp duty valuation authorities for stamp duty ... ... ...


  • 2016 (7) TMI 1186 - ITAT DELHI

    Capital gains computation - whether on actual amount received or on the deemed amount accrued to the assessee - Held that - . AO without disputing the fact that the actual cost of consideration of the property in question was ₹ 5,00,000/- compu... ... ...


  • 2016 (8) TMI 21 - ITAT HYDERABAD

    Valuation u/s. 50C - Held that - AO is correct in invoking the provisions of Section 50C. Assessee either should have objected to the valuation before the SRO or should have objected the valuation before the AO who in turn could have referred it to t... ... ...


  • 2016 (7) TMI 1003 - ITAT MUMBAI

    Computation of long term capital gain on sale of inherited property - Held that - Un-paid and outstanding liabilities such as outstanding municipal taxes , transfer, registration and mutation charges and costs with respect to the said property Roshan... ... ...


  • 2016 (7) TMI 838 - ITAT MUMBAI

    Determination of FMV/cost of acquisition and sale value u/s 50-C and 55A - CIT(A) adopting mean value of the properties based on valuation reports submitted by the DVO and assessee valuer for the purpose of cost of acquisition of land as on 01.04.198... ... ...


  • 2016 (7) TMI 513 - ITAT HYDERABAD

    Addition u/s. 69C - determination of value - sale of capital asset after conversion into stock in trade - applicability of section 50C - Held that - While computing the business income, assessee has claimed certain cost of construction and most of th... ... ...


  • 2016 (6) TMI 981 - GUJARAT HIGH COURT

    Reopening of assessment - higher stamp valuation - assessment in the hands of legal heir of deceased assessee - Held that - We do not find that the Assessing Officer lacked jurisdiction to reopen the assessment. It appears that the assessee had decla... ... ...


  • 2016 (6) TMI 297 - ITAT MUMBAI

    Transfer of land and building in term of development agreement - whether constitutes Long term capital gain or income from other sources - entitlement of exemptions u/s. 54 - Held that - In the present case what was transferred by the assessee was de... ... ...


  • 2016 (6) TMI 451 - ITAT JAIPUR

    Adoption of FMV - claim of deduction U/s 50C - allowance of indexation - inheritance of property - AO taken value on the basis of DVO s valuation - Held that - It is undisputed fact that the assessee inherited the property from his mother in law and ... ... ...


  • 2016 (5) TMI 874 - ITAT HYDERABAD

    Exemption under section 54F - whether the deemed consideration under section 50C of the I.T. Act is to be taken into consideration or the consideration mentioned in the sale deed only is to be taken into consideration? - Held that - The ultimate obje... ... ...


  • 2016 (6) TMI 369 - ITAT BANGALORE

    Exemption u/s. 54EC - error of valuation being adopted by the AO u/s 50C - as per assessee AO instead of making a reference to the DVO, the AO himself has adopted the value declared in the Sale Deeds without looking into the assessee contentions with... ... ...


  • 2016 (7) TMI 275 - ITAT AHMEDABAD

    Deemed income u/s. 50C - Held that - From the reading of Section 50C, it is evident that Section 50C is a deeming provision and it extends only to land or building or both. Section 50C can come into play only in a situation where the consideration re... ... ...


  • 2016 (5) TMI 425 - ITAT MUMBAI

    Sale consideration determined by Stamp Duty Authority for value determined by DVO - Held that - We have observed that for the purpose of computation of capital gain, the full value of consideration received has to be taken based upon the actual value... ... ...


 
   
 
 
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