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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    *    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    *    Regarding cenvat credit on service tax on rent a cab    *    Revised guidelines for disposal of confiscated goods - regarding    *    RBI Reference Rate for US $    *    Retrospective amendment - curtailment of the sales tax incentives by way of deferral constitutional validity - impact on completed assessment - The amended provisions cannot be invoked and applied in the present factual controversy. - HC

Income Tax Case Laws - Section: 87

Home Case Index Income Tax Sections List
Cases for Section: 87
Showing 1 to 11 of 11 Records
  • 2013 (5) TMI 669 - DELHI HIGH COURT

    Rebate in respect of securities transaction tax u/s 88E - whether was liable to be adjusted from the tax as payable for the purpose of Section 115JB or is not relevant/material? - MAT - ITAT allowed the claim - Held that - U/S 88E where the total inc... ... ...

  • 2012 (7) TMI 743 - ITAT, KOLKATA

    Assumption of jurisdiction u/s 263 by CIT(A) - AO had not considered the fact that the assessee had paid lesser tax than it was obliged to do under MAT - Held that - Looking at the provisions of section 87 the rebate is to be granted from the amount ... ... ...

  • 2011 (10) TMI 489 - KARNATAKA HIGH COURT

    Rebate u/s 88E from the tax computed u/s 115JB - assessee engaged in the business of purchase and sale of shares STT paid Held that - If the transaction on which STT is paid is included in the total income of the assessee where the total income is as... ... ...

  • 2011 (9) TMI 1 - ITAT MUMBAI

    Relinquishment of Asset - extinguishment of rights - Whether on the facts and in the circumstances of the case, the CIT(A) was justified in declaring long term capital loss of Rs. 22,21,85,693/- on account of reduction in paid up equity share capital... ... ...

  • 2007 (4) TMI 237 - MADRAS HIGH COURT

    In a matter of Kar Vivad Samadhan Scheme or any such statutory scheme, as the case may be, the courts have no power to act beyond the terms of the statutory scheme under which the benefits have been granted to the assessee matter remitted to the appr... ... ...


    Petitioner is assailing the assessment made under the Kar Vivad Samadhan Scheme - submission of the petitioner is that the disputed income has been worked out on the basis of disputed tax which does not include levy of additional tax u/s 143(1A) as p... ... ...


    During the pendency of appeal before ITAT, in respect of Unexplained Investment, Kar Vivad Samadhan Scheme was introduced assessee made declaration to designated authority & after payment of tax as per the KVSS assessee received a due Certificate... ... ...

  • 2002 (11) TMI 62 - MADRAS High Court

    (A) Whether the order passed by the respondent is vitiated by non-application of mind, arbitrariness and is violative of the Kar Vivad Samadhan Scheme provisions ? - (B) Whether the order is vitiated for failure to follow the principles of natural ju... ... ...

  • 1971 (8) TMI 70 - KERALA High Court

    Whether assessee was entitled to the rebate contemplated u/s 87(1)(a) in respect of the sum being the insurance premium on the policy of the life of the assessee s husband paid not by the assessee but by the assessee s husband - in the context of sec... ... ...

  • 1970 (9) TMI 11 - ALLAHABAD High Court

    Amounts paid towards endowment policy which are refundable - claim for rebate u/s 87(1)

  • 1964 (5) TMI 6 - SUPREME Court

    Whether the rate applicable to the total income of the said companies was the rate as finally applied after taking into consideration the effect of the Concession Order? - Whether the word rebate occurring in section 16(2) does not include the relief... ... ...

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