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Tax Updates - TMI Newsletters
Home Newsletters Index Year 2018 February Day 20 - Tuesday
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TMI Updates - Newsletter dated: February 20, 2018

Highlights

  1. Income Tax : Cancellation of Registration certificate u/s 12A - CIT had no jurisdiction to cancel the registration certificate once granted by him under Section 12A till the power was expressly conferred on the CIT by Section 12AA(3) of the Act w.e.f. 01.10.2004 - SC

  2. Income Tax : Reopening of assessment - validity of reasons to believe - on the application of method of valuation as mandated by the Explanation to Section 56(2)(vii) of the Act, prima facie, the Assessing Officer could not have had reason to believe that income chargeable to tax has escaped assessment. - HC

  3. Income Tax : Penalty u/s 271(1)(c) - Even if it is presumed that assessee was not eligible for allowance of depreciation even then the penalty u/s 271(1)(c) cannot be imposed - Tri

  4. Companies Law : Winding up petition - Just because the name of the company is struck off the register under Section 248 of the Companies Act, 2013, that will not come in the way of the Court to pass an order winding up of company. - HC

  5. Service Tax : Refund of unutilized CENVAT credit - Export proceeds / money was routed by the Foreign Service receiver through M/s. Wells Forgo NA, USA through HSBC Bank. Ultimately the amount was received by the appellant in rupees - Refund allowed. - Tri

  6. Service Tax : When the appellant has earned a substantial consideration by dumping debries through trippers and trucks i.e own transportation, then the tax is leviable, may be as unregistered dealer - liability of service tax sustained - Tri

  7. VAT and Sales Tax : Input tax credit - denial on the ground that the said input tax related to purchases effected from seven dealers, whose returns were not traceable - no input tax credit can be disallowed on the premise that the selling dealer is de-registered subsequent to the relevant tax periods. - HC


Articles


Circulars / Instructions / Orders


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 (2) TMI 1200

    In: Customs


  2. 2018 (2) TMI 1199

    In: Customs


  3. 2018 (2) TMI 1198

    In: Customs


  4. 2018 (2) TMI 1197

    In: Customs


  5. 2018 (2) TMI 1196

    In: Customs


  6. 2018 (2) TMI 1195

    In: Customs


  7. 2018 (2) TMI 1194

    In: Customs


  8. 2018 (2) TMI 1220

    In: Income Tax


  9. 2018 (2) TMI 1212

    In: Income Tax


  10. 2018 (2) TMI 1211

    In: Income Tax


  11. 2018 (2) TMI 1210

    In: Income Tax


  12. 2018 (2) TMI 1209

    In: Income Tax


  13. 2018 (2) TMI 1208

    In: Income Tax


  14. 2018 (2) TMI 1219

    In: Income Tax


  15. 2018 (2) TMI 1218

    In: Income Tax


  16. 2018 (2) TMI 1217

    In: Income Tax


  17. 2018 (2) TMI 1207

    In: Income Tax


  18. 2018 (2) TMI 1216

    In: Income Tax


  19. 2018 (2) TMI 1215

    In: Income Tax


  20. 2018 (2) TMI 1206

    In: Income Tax


  21. 2018 (2) TMI 1205

    In: Income Tax


  22. 2018 (2) TMI 1204

    In: Income Tax


  23. 2018 (2) TMI 1214

    In: Income Tax


  24. 2018 (2) TMI 1203

    In: Income Tax


  25. 2018 (2) TMI 1202

    In: Income Tax


  26. 2018 (2) TMI 1213

    In: Income Tax


  27. 2018 (2) TMI 1201

    In: Income Tax


  28. 2018 (2) TMI 1193

    In: Corporate Laws


  29. 2018 (2) TMI 1192

    In: Corporate Laws


  30. 2018 (2) TMI 1191

    In: Corporate Laws


  31. 2018 (2) TMI 1190

    In: Corporate Laws


  32. 2018 (2) TMI 1222

    In: Insolvency & Bankruptcy


  33. 2018 (2) TMI 1221

    In: Insolvency & Bankruptcy


  34. 2018 (2) TMI 1189

    In: Indian Laws


  35. 2018 (2) TMI 1187

    In: Service Tax


  36. 2018 (2) TMI 1186

    In: Service Tax


  37. 2018 (2) TMI 1185

    In: Service Tax


  38. 2018 (2) TMI 1184

    In: Service Tax


  39. 2018 (2) TMI 1183

    In: Service Tax


  40. 2018 (2) TMI 1188

    In: Service Tax


  41. 2018 (2) TMI 1182

    In: Service Tax


  42. 2018 (2) TMI 1181

    In: Service Tax


  43. 2018 (2) TMI 1180

    In: Service Tax


  44. 2018 (2) TMI 1179

    In: Service Tax


  45. 2018 (2) TMI 1178

    In: Service Tax


  46. 2018 (2) TMI 1177

    In: Service Tax


  47. 2018 (2) TMI 1176

    In: Service Tax


  48. 2018 (2) TMI 1175

    In: Central Excise


  49. 2018 (2) TMI 1174

    In: Central Excise


  50. 2018 (2) TMI 1173

    In: Central Excise


  51. 2018 (2) TMI 1172

    In: Central Excise


  52. 2018 (2) TMI 1171

    In: Central Excise


  53. 2018 (2) TMI 1170

    In: Central Excise


  54. 2018 (2) TMI 1169

    In: VAT and Sales Tax


  55. 2018 (2) TMI 1168

    In: VAT and Sales Tax


  56. 2018 (2) TMI 1167

    In: VAT and Sales Tax


  57. 2018 (2) TMI 1166

    In: VAT and Sales Tax


  58. 2018 (2) TMI 1165

    In: VAT and Sales Tax


 
 
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