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Addition u/s 68 - the loan which has been returned to the respective creditors cannot be taxed in the hands of assessee as its income - Tri    *    CENVAT credit - dumpers/ tippers will be in the nature of inputs for providing Supply of tangible goods services & not capital goods Tri    *    CENVAT CREDIT ON CERTIFIED COPY OF BILL OF MISC. CHARGES ON FINALIZATION OF BOE    *    Captive consuption to be shown in ER-1 Return filed through ACES system -reg    *    Travelling expenses incurred outside India by on duty employee whether taxable?    *    should i buy machinery after gst or before gst which will be benefit for me    *    After GST - Machinery booking on commission    *    Applicability Of Service tax on Liquidated Damages    *    Dr. Liam Fox, U.K. Secretary of State for International Trade calls on the Union Finance Minister Shri Arun Jaitley: Both the leaders call for forging deeper trade and investment arrangements between the two countries    *    Notification of Protocol for amendment of the Convention for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income and capital gains, and for the encouragement of mutual trade and investment between India and Mauritius    *    Scheme of Rebate of State Levies on Export of Garments 2016    *    CENVAT CREDIT    *    Cenvat credit on water treatment plant    *    Excise Cenvat credit on Electricity Power bill    *    Regarding cenvat credit on service tax on rent a cab    *    Service tax exemption for transportation of life saving medicines    *    Employees sent on deputation to subsidiary/ associate companies (Service Tax)    *    Workshop on Government E-Marketplace (GeM) for Suppliers for E-Procurement    *    Ms. Penny Pritzker, U.S. Secretary of Commerce calls on the Union Finance Minister Shri Arun Jaitley: Both the leaders discussed the measures to increase the bilateral trade among the two countries.    *    Potato Chips as Namkeen    *    LTC exemption for travelling to Sri Lanka    *    Amendment in Notification No.78/2014-Customs (N.T.) dated the 16th September, 2014
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Income Tax - Case Laws

Showing 1 to 20 of 87813 Records

  • 2016 (8) TMI 1032 - ITAT JABALPUR

    Northern Coalfields Limited, Versus DCIT, Circle 2 (1) , Jabalpur

    Allowability of expenditure incurred on removal of overburden - Held that - As relying on assessee s own for Assessment Year 2010-11 we have no hesitation in holding that the expenditure incurred on removal of overburden is to be allowed u/ s 37 (1) ... ... ...


  • 2016 (8) TMI 1011 - SUPREME COURT

    Commissioner of Income Tax & Another Versus Karn. Planters Coffee Curing Work (P) Ltd.

    Addition relating to trade creditors - additions u/s 68 - Held that - Both the Assessing Officer and the C.I.T. had recorded findings of fact adverse to the Assessee which has been upheld by the learned single judge of the High Court. The Division Be... ... ...


  • 2016 (8) TMI 1010 - SUPREME COURT

    M/s Girilal & Company Versus Income Tax Officer, Mumbai & Others

    Reopening of assessment - non entitlement for deduction under Section 80(1B) - Held that - Information was supplied as there was some query about the value of the land. Obviously, while going to this document the Assessing Officer would examine the v... ... ...


  • 2016 (8) TMI 1009 - ITAT PUNE

    Gera Developments Pvt. Ltd. Versus Dy. CIT, (Int. Tax) -I, Pune

    TDS u/s 195 - P.E. in India - Whether the payments made by the assessee in lieu of designs, drawings, plans made by Gensler is in the nature of royalty/fee for included services and thus the assessee was liable to deduct tax at the time of making suc... ... ...


  • 2016 (8) TMI 1008 - ITAT CHENNAI

    Smt. Rukmani Santhanam Versus The Income Tax Officer, Business ward IV (4) , Chennai

    Computation of capital gains on exemption claimed by the assessee u/s 54/54F - Held that - When the assessee entered into an agreement with M/s Doshi Housing Ltd allowing them to retain 40 of the undivided share in the property for a consideration of... ... ...


  • 2016 (8) TMI 1007 - ITAT DELHI

    The Dy. C.I.T, Circle 6 (1) , New Delhi Versus M/s Minda Investment Ltd and Vica-Versa

    Addition u/s 68 - Held that - The addition made on account of unsecured loans from loan creditors cannot be sustained and the consequential addition on account of interest paid to the loan creditors is also not sustainable. We may point out that duri... ... ...


  • 2016 (8) TMI 1006 - SUPREME COURT

    Asstt. Commr. of Income Tax, Bangalore Versus M/s United Spirits Limited

    Benefit of Section 32A on the investment which has been made by the respondent-assessee herein in respect of effluent treatment plant. Keeping in view the specific provisions contained in sub-section 2C of Section 32A of the Income Tax Act, we do not... ... ...


  • 2016 (8) TMI 1005 - SUPREME COURT OF INDIA

    DIRECTOR OF INCOME TAX (INTERNATIONAL TAXATION - II) NEW DELHI Versus R&B FALCON OFFSHORE LTD. CO.

    Taxability of income in India - whether income of an assessee arising from contract, in India, be treated as taxable in India as PE of an assessee exists in terms of article 5(2)(A) (B) (C) beside 5(2)(J) of DATA with USA? - review petition - Held th... ... ...


  • 2016 (8) TMI 1004 - GUJARAT HIGH COURT

    PRINCIPAL COMMISSIONER OF INCOME TAX - VADODARA - 3 Versus SHREE NILKANTH DEVELOPERS AND 1

    Validity of order of Settlement Commission - Held that - In the present case the disclosures revised by the assessee during the course of the settlement proceedings were substantial and, in fact, far greater than the initial disclosure made. The Sett... ... ...


  • 2016 (8) TMI 1003 - GUJARAT HIGH COURT

    DEEPABEN AMITBHAI SHAH Versus DY. COMMISSIONER OF INCOME TAX

    Transaction of shares - capital gain or business income - whether the assessee lady was a dealer in shares and was not an investor in shares? - Held that - Considering the decision of this court in the case of Smt. Divyaben C. Shah (2001 (4) TMI 920 ... ... ...


  • 2016 (8) TMI 1002 - ITAT DELHI

    Deputy Commissioner of Income Tax Circle 27 (2) New Delhi Versus YKK India Pvt Ltd and YKK India Pvt Ltd Versus Assistant Commissioner of Income Tax Circle 18 (1) , New Delhi

    Transfer pricing adjustment - Held that - When an Assessing Officer holds that no services are rendered by the AE, essentially he holds that the payments made in the international transaction in question are not arm s length payments. The ascertainme... ... ...


  • 2016 (8) TMI 1001 - ITAT DELHI

    Stanley Consultants Pvt Ltd Versus Dy. Commissioner of Income Tax, Circle 9 (1) , New Delhi

    Treatment to project work as separate profit centre - segmental approach - Held that - The inferences drawn by the TPO are incorrect and quite clearly the assessee was not doing a simple support service per se for the project work undertaken by its A... ... ...


  • 2016 (8) TMI 1000 - ITAT PUNE

    Income Tax Officer, Ward 10 (1) , Pune Versus M/s. Shri Vishwakalyan Jivraksha Pratishthan and Vica-Versa

    Eligibility of benefits of exemption u/s. 11 and 12 - Held that - The amendment to provisions of sub-section (2) to section 12A to be retrospective in nature, coupled with the fact that the assessee was subsequently granted registration u/s. 12AA of ... ... ...


  • 2016 (8) TMI 999 - ITAT PUNE

    Pramod Trimbak Korgaonkar Versus ACIT, Range-5, Pune

    Gain arising on sale of shares - business income OR short term capital gain - Held that - A perusal of Clause (b) reproduced above would show that where the shares are held for a period of more than 12 months, the Revenue shall not dispute the income... ... ...


  • 2016 (8) TMI 998 - ITAT AHMEDABAD

    ACIT, Circle-11, Ahmedabad Versus Shri Parshwanath

    Disallowance u/s 14A r.w.s. 8D - Held that - In the given case, where the assessee has earned exempted income and also has a substantial investments in shares the provisions of section 14A of the Act for disallowance of expenditure incurred in relati... ... ...


  • 2016 (8) TMI 997 - ITAT AHMEDABAD

    DCIT, (OSD) , Range-1, Ahmedabad Versus M/s. Bar Magnet Investments Pvt. Ltd.

    Nature of income - Addition on account of treating short term capital gain as business profit - Held that - The distinction between the two types of transaction is not always easy to make. Whether the transaction is of one kind or the other depends o... ... ...


  • 2016 (8) TMI 996 - ITAT DELHI

    Ludwig Pfeiffer Gypsums Structure India Pvt. Ltd Versus The D.C.I.T, Circle - 4 (1) , New Delhi

    TDS liability - delay in depositing tds - Held that - Delay in depositing the cannot be attributed to the assessee as the assessee had sufficient funds to deposit tax and he also secured ID and password to make online payment of TDS. However, the sam... ... ...


  • 2016 (8) TMI 995 - ITAT DELHI

    Parnika Commercial and Estates (P) Ltd. Versus Addl. C.I.T., Range-14, New Delhi

    Eligibility for claiming deduction u/s. 80IA(4) - civil contract business - The work was allotted by DRDO, Ministry of Defence, Govt. of India for construction of rain water harvesting reservoir, i.e., the development of infrastructure facility. - He... ... ...


  • 2016 (8) TMI 994 - ITAT MUMBAI

    The Dy. Commissioner of Income Tax, Circle-15 (1) , Mumbai Versus M/s. Kamal Associates and Vica-Versa

    Allowability of expenditure - Held that - From the very nature of expenditure it makes clear that all the expenses are related to project itself and none of the expenditures can be presumed to be non-related one. The assessee before us produced bills... ... ...


  • 2016 (8) TMI 993 - ITAT MUMBAI

    Vishandas S Lakhani and Vijaykumar S Lakhani Versus The Income Tax Officer Ward 22 (3) -4, Mumbai

    Disallowance of expenditure as claimed by the assessee in the profit and loss account - treatment of the business income as income from other sources - Held that - As from the perusal of the paper book submitted before us, it is seen that assessee ha... ... ...


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