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Tax Updates - TMI e-Newsletters

Home e-Newsletters Index Year 2017 January Day 18 - Wednesday

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TMI Tax Updates - e-Newsletter
January 18, 2017

Case Laws in this Newsletter:

Income Tax Customs Corporate Laws FEMA Service Tax Central Excise CST, VAT & Sales Tax Indian Laws



TMI SMS


Highlights / Catch Notes

  • Income Tax:

    Exemption u/s 11 - Assessee is giving training in the area to seamen - All the courses may not be approved by the Director General of Shipping but that by itself is no ground to hold that the purpose is not charitable - AT

  • Income Tax:

    The subsidy received as Excise Duty reimbursement from the State of Bihar was in the nature of capital receipt. Hence the same cannot be added to arrive at book profits u/s 115J - HC

  • Income Tax:

    Prosecution u/s 276CC for non filing of ITR - the contention that the section which prescribes that if the assessee fails to file the return within the time due, the rigour would be attracted, would stand diluted by virtue of the returns having been accepted and assessments having been carried out therein. - HC

  • Service Tax:

    Place of provision of service - the service received by the employee of the assessee at New York, cannot be said to be service rendered from America or outside India and received by the assessee in India - AT

  • Service Tax:

    Levy of penalty - the appellant had paid the tax prior to issue of the show cause notice, the whole show cause notice is bad and not tenable under the provisions of Section 73 of the Finance Act - AT

  • Central Excise:

    Valuation - related party - Rule 9 of valuation rules clearly stipulates that if the goods are cleared to a person who is consuming the same, then the provisions of Rule 9 are not applicable - neither the provisions of Rule 8 nor the provisions of Rule 9 are applicable in the present case - AT

  • Central Excise:

    Dutiability of Untrimmed Sheets of Copper - intermediate goods - captive consumption - untrimmed Sheets and circles of Copper are not liable to duty because the marketability of the said has not been proved. - AT


Articles


Notifications


Circulars / Instructions / Orders


News


Case Laws:

  • Income Tax

  • 2017 (1) TMI 862
  • 2017 (1) TMI 857
  • 2017 (1) TMI 823
  • 2017 (1) TMI 856
  • 2017 (1) TMI 855
  • 2017 (1) TMI 851
  • 2017 (1) TMI 822
  • 2017 (1) TMI 861
  • 2017 (1) TMI 860
  • 2017 (1) TMI 847
  • 2017 (1) TMI 854
  • 2017 (1) TMI 853
  • 2017 (1) TMI 848
  • 2017 (1) TMI 852
  • 2017 (1) TMI 849
  • 2017 (1) TMI 821
  • 2017 (1) TMI 859
  • 2017 (1) TMI 850
  • 2017 (1) TMI 858
  • Customs

  • 2017 (1) TMI 832
  • 2017 (1) TMI 834
  • 2017 (1) TMI 833
  • Corporate Laws

  • 2017 (1) TMI 830
  • 2017 (1) TMI 829
  • 2017 (1) TMI 827
  • 2017 (1) TMI 828
  • FEMA

  • 2017 (1) TMI 826
  • Service Tax

  • 2017 (1) TMI 846
  • 2017 (1) TMI 845
  • 2017 (1) TMI 843
  • 2017 (1) TMI 844
  • Central Excise

  • 2017 (1) TMI 838
  • 2017 (1) TMI 840
  • 2017 (1) TMI 835
  • 2017 (1) TMI 839
  • 2017 (1) TMI 841
  • 2017 (1) TMI 837
  • 2017 (1) TMI 842
  • 2017 (1) TMI 836
  • CST, VAT & Sales Tax

  • 2017 (1) TMI 831
  • Indian Laws

  • 2017 (1) TMI 825
  • 2017 (1) TMI 824
 

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