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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: 54EC,

Home Case Index Income Tax Sections List
Cases for Section: 54EC,
Showing 1 to 15 of 135 Records
 
  • 2016 (8) TMI 221 - GUJARAT HIGH COURT

    Reopening of assessment - Claim of deduction under section 54EC not to be allowable - Held that - The Assessing Officer has gone a step beyond. He not only accepted the claim of the assessee in the order of assessment, he gave brief reasons for the s... ... ...


  • 2016 (7) TMI 1097 - ITAT MUMBAI

    Deduction u/s 54EC - short capital gain arising on sale of depreciable asset - Held that - As decided in ITO V/s ACE Builders 2005 (3) TMI 36 - BOMBAY High Court the benefit of section 54E will be available to the assessee irrespective of the fact th... ... ...


  • 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 19 - ITAT CHENNAI

    Date of indexed cost of acquisition of the property devolved on the assessee on the date of death of the assessee s father or the date on which the assessee s father had become owner of the property - Held that - When computing the capital gain arisi... ... ...


  • 2016 (7) TMI 1084 - ITAT MUMBAI

    Deduction u/s 54EC denied - Held that - It is noted that there is a confusion with regard to the dates, which have neither been properly explained by the assessee before lower authorities nor it has been addressed properly by the lower authorities. E... ... ...


  • 2016 (6) TMI 1081 - ITAT CHENNAI

    Entitlement to cost of inflation index - inheritance of property - cost of inflation index from the year of inheritance of property and not from the date it was held by the previous owner - Held that - The assessee inherited the property on 04.08.201... ... ...


  • 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 (5) TMI 487 - ITAT CHENNAI

    Exemption u/s.54EC denied - investment in REC capital gains bonds falling in two financial years - Held that - The legislative intent in the subsequent amendment is to restrict the investment of ₹ 50,00,000/- to one financial year only. There w... ... ...


  • 2016 (6) TMI 479 - ITAT CHENNAI

    Denial of exemption u/s.54EC of the Act investment in REC capital gains bonds falling in two financial years - Held that - On combined reading of both the provisions, the legislative intent in the subsequent amendment is to restrict the investment of... ... ...


  • 2016 (5) TMI 767 - ITAT HYDERABAD

    Sale consideration received - Income from Other Sources instead of Income from Long Term Capital Gains - deductions claimed u/s. 54EC and 54F denied - Held that - Assessee being the 4th plaintiff, did not claim any ownership of the property. Therefor... ... ...


  • 2016 (5) TMI 429 - ITAT MUMBAI

    Disallowance of exemption u/s 54EC - Treatment to capital gains - LTCG or STCG - Held that - As per agreement of sale deed executed on 7.3.1973 which has been duly registered with the Sub-registrar of Assurance, Mumbai under S-2489/82 in the name of ... ... ...


  • 2016 (4) TMI 559 - GUJARAT HIGH COURT

    Reopening of assessment - petitioner had produced misguiding valuation report of the Registered Valuer which resulted in under-assessment of long term capital gain - Held that - On a perusal of the reasons recorded for reopening the assessment, it is... ... ...


  • 2016 (3) TMI 243 - ITAT MUMBAI

    Transfer of tenancy rights to long term capital gains - deduction under section. 54EC to the extent of investment of the capital gain - Held that - Taking into account the factual matrix and circumstances of the case on hand and the legal position on... ... ...


  • 2016 (4) TMI 901 - ITAT MUMBAI

    Revision u/s 263 - CIT was of the view that nature of income arising from the transaction is not from Long term capital gain but Income from House Property and the AO has erroneously allowed the exemption u/s 54EC - Held that - The property constitut... ... ...


  • 2016 (1) TMI 221 - ITAT CHENNAI

    Disallowance recoverable written off in the Profit and Loss Account - Held that - The assessee has been following the system of Accounting methodology which is accepted. Bad Debts occurred in the normal course of business and write off can be made af... ... ...


 
   
 
 
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