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Refund - reduction in value - credit notes towards trade discount raised by the Assessee subsequent to the sale - refund allowed - SC    *    Delayed deposit of collected service tax - due to lack of funds - Such possibilities do occur in the world of business - No penalty - Tri    *    CHAIR, BENCH AND STOOL - CORRECT CLASSIFICATION    *    Classification of Commodity fuel oil" derived from waste tyres/old tyres/plastic wastes    *    WPC for bluetooth headphones.    *    CENVAT CREDIT ON CERTIFIED COPY OF BILL OF MISC. CHARGES ON FINALIZATION OF BOE    *    LTC exemption for travelling to Sri Lanka    *    DTA supplied goods at SEZ - Order receive in US $    *    Regarding Refund    *    eligibility of service tax credit    *    Removal of goods from Depot to Job worker    *    90% exemption / abatement from service tax for a period of one year for Transport of passengers, with or without accompanied belongings, by air, embarking from or terminating in a Regional Connectivity Scheme Airport. - Notification    *    Education Cess / Secondary & Higher Education Cess    *    Opinion for availment of Cenvat Credit on invoices provided by CHA against service received for Export and Import.    *    Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver    *    Filing of online return for first quarter of 2016-17 - extension of period thereof    *    Jurisdiction of income-tax authorities    *    Advisory on Introduction of Special Advanced Authorisation Scheme    *    Applicability Of Service tax on Liquidated Damages    *    Purchase from unregistered dealer    *    Disclosures on the Website    *    Cabinet approves simplification and liberalisation of the Foreign Direct Investment Policy, 2016 in various sectors

Income Tax Case Laws - Section: 71

Home Case Index Income Tax Sections List
Cases for Section: 71
Showing 1 to 15 of 148 Records
 
  • 2016 (7) TMI 1100 - PUNJAB & HARYANA HIGH COURT

    Income surrendered during survey - whether is to be taxed u/s 69-A - whether set off losses u/s 70 and 71 is not permissible against such income? - Held that - This is not an admission on the appellant s part that the surrendered amount is from the a... ... ...


  • 2016 (7) TMI 523 - ITAT MUMBAI

    Interest levied u/s. 234 B and 234C - Held that - Interest u/s. 234B and 234C cannot be levied when tax was to be computed u/s. 115JB of the Act. See Kwality Biscuits Ltd. (2006 (4) TMI 121 - SUPREME Court ) and Rolta India Ltd 2011 (1) TMI 5 - SUPRE... ... ...


  • 2016 (7) TMI 511 - ITAT MUMBAI

    Revision u/s 263 - loss from house property which was set off from income of business and profession need to disallowed as there was no scope for taking possession of the flat in the financial year 2011-12 and claiming the loss in-house property - He... ... ...


  • 2016 (7) TMI 1130 - ITAT DELHI

    Undisclosed investment in stock under the head income from other sources - Held that - Commissioner of Income-tax(Appeals) has accepted the trading result of the assessee without surrendered stock, which is a loss and thus even if the surrendered exc... ... ...


  • 2016 (6) TMI 530 - ITAT DELHI

    Priority of Adjustment of business loss against the Long Term Capital Gains and interest income - contention of the assessee company for adjustment of business loss first against the interest Income and then against the Long Term Capital, thereby lea... ... ...


  • 2016 (6) TMI 1006 - ITAT DELHI

    Inclusion of income under the deeming provisions of section 68 under the head income from other sources - Set off of business loss against the income under the head income from other sources - Held that - Respectfully following the judgment of Fakir ... ... ...


  • 2016 (5) TMI 486 - ITAT AGRA

    Unexplained credit under section 68 - taxation under the hear income from other sources - whether the loss under the head business can be denied to be set off against the income assessable under the head income from other sources - Held that - Denial... ... ...


  • 2016 (5) TMI 431 - ITAT MUMBAI

    Transfer pricing adjustment - advertisement, marketing and sales promotion expenses(AMP expenses) including the mark-up adjustments - Held that - In the case under consideration, the AO/TPO has not brought anything on record that there existed and ag... ... ...


  • 2016 (5) TMI 585 - ITAT MUMBAI

    Set off of loss from one source against income from another source under the same head of income - adjustment of non-speculative business loss incurred on F & O derivative trading business - Held that - On perusal of the Section 71 of the Act , i... ... ...


  • 2016 (2) TMI 800 - MADRAS HIGH COURT

    Rectification of mistake - adjustment of the business loss against long term capital gains - assessee contended that Section 71(2) uses the expression may indicating that they have an option either to adjust or not to adjust the business loss against... ... ...


  • 2016 (3) TMI 239 - ITAT AHMEDABAD

    Set off of business loss against interest income taxable under the head income from other sources - non existence of business activity - Held that - As assessee has accepted that no business activity has been carried out during the year under appeal ... ... ...


  • 2016 (1) TMI 1084 - ITAT DELHI

    Eligibilty to claim deduction u/s 10A - Set off loss of eligible unit against the business income of the assessee rejected - Held that - In the circular no. 7/DV/2013 FILE NO.279/MISC./M-116/2012-ITJ , DATED 16-7-2013 at para No. one that it has been... ... ...


  • 2016 (2) TMI 236 - ITAT CHENNAI

    Disallowance u/s. 14A - Held that - The assessee company has made investment from earlier years and received dividend income every year and demonstrated that funds utilized for investments are surplus funds or interest free funds. The assessee earned... ... ...


  • 2016 (1) TMI 807 - ITAT AHMEDABAD

    Set off of accumulated losses against Long Term Capital Gain (LTCG) AND Short Term Capital Gain (STCG) even beyond 8 years - CIT(A) allowed the claim - validity of orders of BIFR - Held that - Since the order of BIFR is inconsistent with the provisio... ... ...


  • 2015 (11) TMI 430 - ITAT KOLKATA

    Deduction u/s.10AA - CIT(A) allowed the claim - Held that - 10AA was brought in along with the consolidation and quick development of export initiatives in all the units, past, present and future, located in SEZ s or which were in existence in all pa... ... ...


 
   
 
 
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