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Tax Updates - TMI e-Newsletters

Home e-Newsletters Index Year 2017 November Day 21 - Tuesday

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TMI Tax Updates - e-Newsletter
November 21, 2017

Case Laws in this Newsletter:

GST Income Tax Customs Service Tax Central Excise CST, VAT & Sales Tax



Highlights / Catch Notes

  • Income Tax:

    Supply of software on licence - Taxability in India - If the receipts cannot be taxed under the treaty as royalty, then it cannot be taxed under the domestic law under section 9(1)(vi) Income Tax Act and the amended provision cannot be read into treaty - AT

  • Income Tax:

    AO was not justified in denying the claimed exemption under section 54 of the Act to the assessee on the basis that possession of the property was not handed over to the buyer and thus, sale was not complete in absence of execution of Sale Deed. - AT

  • Income Tax:

    Requisitioning of books of accounts and their documents u/s 132A(1)(b) without recording satisfaction or reason to believe is not sustainable in law - HC

  • Income Tax:

    Nature of loss - "business loss" or "speculative transactions" - what is "hedging transaction" and when it can be a "speculative transaction"? - safeguard against loss through price fluctuation in respect of the contract for actual delivery of the goods manufactured - allowed as business loss - HC

  • Income Tax:

    Reopening of assessment - if some aspect, vital or important, is overlooked during assessment, per se the remedy are not reassessment, but rather, the corrective jurisdiction under Section 263 - HC

  • VAT:

    Classification of Poultry Feed Supplements - mere fact that certain items may cure disease or strengthen bones, liver etc., for that reason alone they may not be held medicine and not Balanced Cattle Feed or Poultry Feed. - HC


Articles


Notifications


Circulars / Instructions / Orders


News


Case Laws:

  • GST

  • 2017 (11) TMI 1032
  • 2017 (11) TMI 1022
  • 2017 (11) TMI 1021
  • Income Tax

  • 2017 (11) TMI 1006
  • 2017 (11) TMI 1005
  • 2017 (11) TMI 1004
  • 2017 (11) TMI 1033
  • 2017 (11) TMI 999
  • 2017 (11) TMI 998
  • 2017 (11) TMI 997
  • 2017 (11) TMI 994
  • 2017 (11) TMI 993
  • 2017 (11) TMI 992
  • 2017 (11) TMI 1030
  • 2017 (11) TMI 1026
  • 2017 (11) TMI 988
  • 2017 (11) TMI 1024
  • 2017 (11) TMI 1023
  • 2017 (11) TMI 987
  • 2017 (11) TMI 983
  • 2017 (11) TMI 982
  • 2017 (11) TMI 981
  • 2017 (11) TMI 1020
  • 2017 (11) TMI 1019
  • 2017 (11) TMI 1017
  • 2017 (11) TMI 1016
  • 2017 (11) TMI 980
  • 2017 (11) TMI 1014
  • 2017 (11) TMI 976
  • 2017 (11) TMI 1009
  • 2017 (11) TMI 1008
  • Customs

  • 2017 (11) TMI 1003
  • 2017 (11) TMI 989
  • 2017 (11) TMI 1013
  • 2017 (11) TMI 1012
  • 2017 (11) TMI 1007
  • 2017 (11) TMI 974
  • 2017 (11) TMI 973
  • 2017 (11) TMI 972
  • 2017 (11) TMI 970
  • Service Tax

  • 2017 (11) TMI 1002
  • 2017 (11) TMI 1018
  • 2017 (11) TMI 1015
  • 2017 (11) TMI 979
  • Central Excise

  • 2017 (11) TMI 1001
  • 2017 (11) TMI 1000
  • 2017 (11) TMI 996
  • 2017 (11) TMI 995
  • 2017 (11) TMI 991
  • 2017 (11) TMI 990
  • 2017 (11) TMI 986
  • 2017 (11) TMI 985
  • 2017 (11) TMI 984
  • 2017 (11) TMI 1034
  • 2017 (11) TMI 978
  • 2017 (11) TMI 977
  • 2017 (11) TMI 1011
  • 2017 (11) TMI 1010
  • 2017 (11) TMI 975
  • 2017 (11) TMI 971
  • CST, VAT & Sales Tax

  • 2017 (11) TMI 1031
  • 2017 (11) TMI 1029
  • 2017 (11) TMI 1028
  • 2017 (11) TMI 1027
  • 2017 (11) TMI 1025
 

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