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Tax Updates - TMI e-Newsletters

Home e-Newsletters Index Year 2017 December Day 15 - Friday

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TMI Tax Updates - e-Newsletter
December 15, 2017

Case Laws in this Newsletter:

Income Tax Customs Corporate Laws Insolvency & Bankruptcy Service Tax Central Excise CST, VAT & Sales Tax



Highlights / Catch Notes

  • Income Tax:

    TDS u/s 194A - addition u/s 40(a)(ia) for non-deduction of TDS against payment of interest on loan - The Assessee has not claimed deduction of interest. So there is no question of making addition. - AT

  • Income Tax:

    Rejection of books of account - estimation of income from the profession of surgery and consultancy - Whether there exist any basis for estimating the income from the medical profession as carried on by the assessee @ 50% of the receipts, as enhanced? - Held No - HC

  • Customs:

    Customs (Furnishing of Information) Rules, 2017 - Notification

  • Customs:

    Cost recovery charges - in the present case, nonpayment of the charges cannot be the base for rejecting the grant of exemption from the date of the application. This is so because admittedly all the while when such application was pending, the petitioners were never conveyed that such application shall not be processed, entertained or granted since the current charges are not paid. - HC

  • VAT:

    Jurisdiction - power of AO to pass order after almost 11 years from the end of the year which is beyond the period of limitation - imposition of the additional tax @ 10% for non-submission of Form 'C' for CST sales - When a statute mandates re-assessment to be done, within five years, it cannot be contended that assessment can be done at any time - HC


Articles


Notifications


Circulars / Instructions / Orders


News


Case Laws:

  • Income Tax

  • 2017 (12) TMI 681
  • 2017 (12) TMI 680
  • 2017 (12) TMI 668
  • 2017 (12) TMI 667
  • 2017 (12) TMI 664
  • 2017 (12) TMI 663
  • 2017 (12) TMI 679
  • 2017 (12) TMI 678
  • 2017 (12) TMI 662
  • 2017 (12) TMI 661
  • 2017 (12) TMI 660
  • 2017 (12) TMI 659
  • 2017 (12) TMI 677
  • 2017 (12) TMI 657
  • 2017 (12) TMI 658
  • 2017 (12) TMI 656
  • 2017 (12) TMI 653
  • 2017 (12) TMI 675
  • 2017 (12) TMI 655
  • 2017 (12) TMI 652
  • 2017 (12) TMI 650
  • 2017 (12) TMI 674
  • 2017 (12) TMI 673
  • 2017 (12) TMI 672
  • 2017 (12) TMI 647
  • 2017 (12) TMI 646
  • 2017 (12) TMI 645
  • 2017 (12) TMI 670
  • 2017 (12) TMI 669
  • Customs

  • 2017 (12) TMI 676
  • Corporate Laws

  • 2017 (12) TMI 665
  • 2017 (12) TMI 651
  • 2017 (12) TMI 648
  • Insolvency & Bankruptcy

  • 2017 (12) TMI 654
  • 2017 (12) TMI 649
  • Service Tax

  • 2017 (12) TMI 683
  • 2017 (12) TMI 687
  • 2017 (12) TMI 685
  • 2017 (12) TMI 682
  • Central Excise

  • 2017 (12) TMI 666
  • CST, VAT & Sales Tax

  • 2017 (12) TMI 686
  • 2017 (12) TMI 684
  • 2017 (12) TMI 671
 

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