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Tax Updates - TMI Newsletters
Home Newsletters Index Year 2018 January Day 20 - Saturday
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TMI Updates - Newsletter dated: January 20, 2018

TMI SMS


Highlights

  1. Income Tax : Conduct of the Income Tax officials - First raising unsustainable, illegal and high pitched demands and then seeking to coercively recover the same even showing scant regard to the orders passed by highest Tribunal under the Act and for that invoking the writ jurisdiction to seek support to their such effort is nothing but an utterly irresponsible and unfair behaviour. - HC

  2. Income Tax : Taxation of profits arisen on handing over of possession of development rights together with land in terms of the shareholders agreement - The benefits represent, at best, a hypothetical income which may or may not materialise and its money value is, therefore, not the income of the assessee. - Tri

  3. Income Tax : Penalty u/s 271(1)(c) - whether the assessee’s application of the TNMM in the given circumstances, can be considered as done in good faith and with due diligence? - Held Yes - No penalty - Tri

  4. Income Tax : TDS liability u/s 195 - Income of non-resident agents cannot be considered to accrue or arise or deemed to be received in India when the services rendered by the non-residents and the agents were outside India and the commission was also payable or paid to them outside India. - Tri

  5. Income Tax : MAT computation - amount disallowed under Sec. 14A cannot be added to arrive at the book profit for the purposes of Sec. 115JB - Tri

  6. Companies Law : Removal of the company from the Register of Companies - Condonation of Delay Scheme-2018 eligibility - HC allows the appellant to comply with the conditions and formalities to avail the benefit of CODS-2018 Scheme.

  7. Companies Law : Composition of certain offences - Even otherwise, the appellant has been able to place on record sufficient facts to prima facie justify as to why the delay took place in conveying the AGM and subsequent filing of the necessary documents before the ROC. In my opinion, it is a fit case where company law board ought to have allowed the petition under section 621A for compounding. - HC

  8. Central Excise : CENVAT credit - input sold as such - there is no provision for reversal of credit of service tax on return of goods - Tri


Articles


Notifications


Circulars / Instructions / Orders


News - Feeds


Case Laws:

More information of case laws are visible to the Subscriber of a package i.e:-
Party Name, Court Name, Date of Decision, Full Text of Headnote, Decision etc.


  1. 2018 (1) TMI 895

    In: Income Tax


  2. 2018 (1) TMI 896

    In: Income Tax


  3. 2018 (1) TMI 892

    In: Income Tax


  4. 2018 (1) TMI 893

    In: Income Tax


  5. 2018 (1) TMI 894

    In: Income Tax


  6. 2018 (1) TMI 904

    In: Income Tax


  7. 2018 (1) TMI 891

    In: Income Tax


  8. 2018 (1) TMI 905

    In: Income Tax


  9. 2018 (1) TMI 890

    In: Income Tax


  10. 2018 (1) TMI 888

    In: Income Tax


  11. 2018 (1) TMI 889

    In: Income Tax


  12. 2018 (1) TMI 901

    In: Income Tax


  13. 2018 (1) TMI 902

    In: Income Tax


  14. 2018 (1) TMI 903

    In: Income Tax


  15. 2018 (1) TMI 885

    In: Income Tax


  16. 2018 (1) TMI 886

    In: Income Tax


  17. 2018 (1) TMI 887

    In: Income Tax


  18. 2018 (1) TMI 882

    In: Income Tax


  19. 2018 (1) TMI 883

    In: Income Tax


  20. 2018 (1) TMI 884

    In: Income Tax


  21. 2018 (1) TMI 897

    In: Income Tax


  22. 2018 (1) TMI 898

    In: Income Tax


  23. 2018 (1) TMI 899

    In: Income Tax


  24. 2018 (1) TMI 900

    In: Income Tax


  25. 2018 (1) TMI 881

    In: Income Tax


  26. 2018 (1) TMI 880

    In: Customs


  27. 2018 (1) TMI 879

    In: Customs


  28. 2018 (1) TMI 878

    In: Customs


  29. 2018 (1) TMI 877

    In: Corporate Laws


  30. 2018 (1) TMI 876

    In: Corporate Laws


  31. 2018 (1) TMI 875

    In: Corporate Laws


  32. 2018 (1) TMI 874

    In: Corporate Laws


  33. 2018 (1) TMI 873

    In: Corporate Laws


  34. 2018 (1) TMI 906

    In: Insolvency & Bankruptcy


  35. 2018 (1) TMI 872

    In: Service Tax


  36. 2018 (1) TMI 871

    In: Central Excise


  37. 2018 (1) TMI 869

    In: Central Excise


  38. 2018 (1) TMI 870

    In: Central Excise


  39. 2018 (1) TMI 868

    In: CST, VAT & Sales Tax


  40. 2018 (1) TMI 867

    In: CST, VAT & Sales Tax


  41. 2018 (1) TMI 866

    In: CST, VAT & Sales Tax


  42. 2018 (1) TMI 865

    In: CST, VAT & Sales Tax


 
 
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