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TMI Updates - Newsletter dated: February 27, 2018



  1. Income Tax : CBDT made a scheme for centralised issuance of notice and for processing of information or documents and making available the outcome of the processing to the Assessing Officer.

  2. Income Tax : Application for registration of charitable or religious trusts, etc. - Rule 17A amended - Form No. 10A to be submitted electronically

  3. Income Tax : Addition in case of failure to deduct TDS u/s 194C - Since the recipient has already has admitted the income and paid the taxes and the amount in question was reimbursement of expenses, we hold that the addition made by the A.O. u/s 40(a)(ia) is unsustainable - Tri

  4. Income Tax : Income of the consumer co-operative society - mutual association - activity of purchase and distribution of electric power - the assessee is a mutual association and the income of the society is not chargeable to tax u/s 4 of the IT Act - Tri

  5. Income Tax : Addition u/s.69 - difference of cash balance in the bank account as per books of account and as per the bank statement - once the books of accounts of the assessee are rejected, the same cannot be relied for making addition u/s. 69 - Tri

  6. Income Tax : Penalty u/S.158BFA(2) - on receipt of the notice following the search and seizure, the assessee has filed his returns within ten days of the expiry of the time stipulated for filing such returns and paid a part of the tax on the admitted undisclosed income - No penalty - HC

  7. Income Tax : Application for extension of time for payment of last installment of tax under the Income Disclosure Scheme 2016 - It would be for the Board (CBDT) to judge the facts on record and come to the conclusion whether this is a fit case for exercise of powers u/s 119(2) - HC

  8. Income Tax : Delay in payment of last installment of the Income Declaration Scheme, 2016 (IDS 2016) - there is no provision under the scheme, to grant any time, after 30.9.2017, to pay the amount of installment. - HC

  9. FEMA : Risk Management and Inter-bank Dealings: Revised guidelines relating to participation of a person resident in India and Foreign Portfolio Investor (FPI) in the Exchange Traded Currency Derivatives (ETCD) Market

  10. Service Tax : Recovery of dues from legal heir - whether the SCN is validly issued in the name of Bhootpurva Sainik Security & Detective Service (after death of proprietor) - no demand can be raised through defective notice - Tri

  11. Service Tax : Chartered accountant - liability of service tax - activities like legal assistance, advisory work etc. were taxable under "Management, Consultant" service in terms of Section 65 (65) read with Section 65 (105) (r) of Finance Act, 1994. - Tri

  12. Service Tax : Penalty u/s 76 and 78 - the assessee cannot be penalised for non receipt of the tax from Rajasthan Housing Board. He has also not received tax and paid the same with interest, therefore, if penalty is imposed, he would have no other option but to close its business - no penalty - HC

  13. Central Excise : Benefit of exemption - actual user condition - intended for use in the manufacture of handicrafts and utensils - The intended use of the said goods has been established by the appellant, in that circumstance, the benefit of the notification cannot be denied. - Tri

  14. Central Excise : Cenvat Credit - removal of damaged parts of capital goods - Independent and solo reading of Rule 5A without appreciating the context in which the same is appearing, as has been done by the authorities below, is not in accordance with the principles of interpretation of law. - Tri

  15. VAT and Sales Tax : Refund of tax paid on excess amount - price variation clause - since the price of the cylinder has been reduced, the assessee cannot charge more than the price fixed, is bound to refund the excess amount collected and is therefore legally entitled to get refund of the tax paid on the excess amount - SC



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 (2) TMI 1593

    Benefit of exemption u/s 12AA - Addition of administrative expenses as inadmissible being 30% of the expenses claimed under this head - addition of claim for application of income towards capital assets - addition of allowed as concession against fee of students as no details of such students, to whom the concession was provided, had been filed - Held that - We find that it is undisputed fact that the assessee is a registered trust and is also en....... + More

  2. 2018 (2) TMI 1594

    Approval u/s. 12AA denied - eligibility criteria - assessee has not filed the relevant details in support of its registration application - Held that - Assessee refers to the relevant statement of facts pleading therein that father of the managing trustee and President had demised at the time when the registration s case was fixed before CIT(Exemptions). He stated to have filed for adjournment application as well. BR BR The assessee is very much ....... + More

  3. 2018 (2) TMI 1585

    Addition u/s 68 - set off of unabsorbed depreciation - Held that - Instant case the addition was cash credits u/s 68 and the income required to be taxed as income from other sources and to be included in the gross total income. Once the addition is included in the gross total income, the AO has to allow the set off of unabsorbed depreciation loss as provided u/s 71 of the IT Act. BR BR Hon ble Supreme court in CIT vs. Mother India Refrigeration I....... + More

  4. 2018 (2) TMI 1586

    Income of the consumer co-operative society - chargeable to tax u/s 4 or not - Proof of mutual association - Claim of deduction u/s 80P - activity of purchase and distribution of electric power - mutuality concept - Held that - There is no dispute that the assessee is a mutual association established for the purpose of supply of electricity to the rural farmers at a reasonable price to improve the infrastructure. All the members and contributors ....... + More

  5. 2018 (2) TMI 1587

    Reopening of assessment - assessee has made the payment towards the conversion expenses but not deducted TDS as required u/s 194C - addition u/s 40(a)(ia) - payer has offered the amount for tax purpose - Held that - In the assessee s case the recipient has admitted the entire receipt as income and filed the return of Income. Following the decision of coordinate bench in the case of B. Dwarakanatha Reddy Vs. DCIT 2015 (10) TMI 2046 - ITAT HYDERABA....... + More

  6. 2018 (2) TMI 1588

    Interest claimed as expenditure disallowed u/s. 36(1)(iii) - Held that - No reason to interfere with the findings of Ld.CIT(A) holding that the investments are for business purposes and no amount of interest can be disallowed u/s. 36(1)(iii). The order of Ld. CIT(A) is as per the finding of facts by AO in consequential proceedings and in tune with the orders of ITAT in earlier years. BR BR Disallowance u/s 14A r.w.r. 8D - Held that - Rule 8D(ii) ....... + More

  7. 2018 (2) TMI 1589

    Revision u/s 263 - order of AO erroneous in so far as prejudicial to the interest of Revenue - Lack of enquiry with regard to issue of allowability of prior period expense by AO - Held that - It is undisputed fact that no opportunity was afforded to the assessee in the instant case by the ld CIT to address on the aspect of lack of enquiry on the allowability of prior period expenses. We hold that the ld CIT erred in concluding that lack of enquir....... + More

  8. 2018 (2) TMI 1590

    Penalty on the disallowance of expenditure on estimate basis- Held that - Respectfully following the judgment of the Hon ble Jurisdictional High Court in Commissioner of Income Tax vs. Nokia India Pvt. Ltd. (2012 (7) TMI 35 - Delhi High Court) wherein held that the penalty on estimation basis cannot be sustained. Thus direct the assessing officer to delete this penalty. BR BR Penalty on disallowance in respect of made on account of foreign travel....... + More

  9. 2018 (2) TMI 1591

    Estimation of profit on accommodation turnover - CIT-A confirming the addition @ 3% as against 0.57% declared by the assessee - contention of the assessee that commission estimation by the AO is on the higher side when compare to the nature of business and also his gross profit admitted in the earlier years wherein he has derived the GP of less than 1% - Held that - No merit in the arguments of the assessee for the reason that the assessee himsel....... + More

  10. 2018 (2) TMI 1592

    Disallowance on marketing and distribution expenses - Held that - It is evident from quantum assessment order that Ld. AO has not doubted the genuineness or bonafides of the expenses but made adhoc disallowance of 5% only on the premise that the assessee failed to justify the apportionment of the expenses, which was nothing but a business decision for the assessee. No material has been brought on record by AO to support the contention that the im....... + More

  11. 2018 (2) TMI 1584

    Determining the annual letting value of the property which was let out and disallowance of certain expenditure - Held that - As seen from the order of the AO, he has not considered the issue in the correct perspective. The building is subject to let out only to a hotel business as it contains rooms and also restaurant. The ground floor and first floor building, having road frontage and using for show room purposes, may fetch a higher rent but tha....... + More

  12. 2018 (2) TMI 1583

    Eligibility for deduction u/s 80IA (4) in respect of Tuirial lot II Tuirial lot Ill and Lohari Nagpala projects - scope of work and terms and conditions of contract between the assessee and the principles - Held that - To be qualified for claiming deduction u/s 80IA assessee should be a developer of infrastructure facility whether on its own or on behalf of third party principles, but if such activity is in the nature of developing an infrastruct....... + More

  13. 2018 (2) TMI 1581

    Disallowance u/s 14A R.w.r. 8D - Held that - In this case the direct expenditure of ₹ 82,000/-has been admittedly incurred on demat accounts, which is evidently toward earning exempt income. Since in this case exempt income is only of ₹ 10,000/-, applying the decision of the Hon ble Delhi High Court in the case of Joint Investment Private Limited (2015 (3) TMI 155 - DELHI HIGH COURT) would not be appropriate as in that case the assess....... + More

  14. 2018 (2) TMI 1582

    Revision u/s 263 - assessment order passed by the AO is erroneous insofar as it is prejudicial to the interest of the revenue - AO has allowed deduction claimed u/s 35(1) towards R & D expenditure even though the assessee is not eligible for deduction - Held that - AO has allowed deduction claimed u/s 35(1) without any discussion as to whether the claim made by the assessee is in accordance with provisions of section 35(1) or not. We further ....... + More

  15. 2018 (2) TMI 1542

    Bogus purchases - addition to the extent of 15% of the unverifiable purchases - Held that - AO has not disputed the sale of the assessee which is corresponding to the purchase the books of accounts were rejected because of the reasons that that assessee has made purchase from these three parties who were indulged for providing bogus bills without any actual delivery of goods. Once the books of accounts are rejected by the AO the income of the ass....... + More

  16. 2018 (2) TMI 1580

    Validity of reopening of assessment - Non recording of reasons u/s 148 - notice issued without jurisdiction - cash deposits are made in the bank account of the assessee - Held that - When no reasons are recorded for reopening the assessment prior to issuance of notice, the reassessment proceedings must fail for that reason alone. It is well settled in law that the reasons as recorded for reopening the assessment are to be examined on a standalone....... + More

  17. 2018 (2) TMI 1595

    Penalty u/S.158BFA(2) - additions made over and above the undisclosed income declared by the assessee in its return filed u/S.158BC(a) - Held that - While payment of interest is mandatory, levy of penalty is discretionary. Sub-Section (2) of Section 158BFA of the Act, accordingly, vests discretion in the Commissioner (Appeals) whether to levy or not to levy penalty. It is trite position of law that any discretion vested in an authority has to be ....... + More

  18. 2018 (2) TMI 1579

    Disallowance of discount and commission - Held that - In the immediately preceding assessment year 2012-2013 5% of discount and commission was disallowed by the AO which was deleted by the CIT(A) on the ground that the disallowance of 5% was without any material or basis. However, as find that in the year under consideration the disallowance was not made on any estimate basis but was made for absence of evidence or details. Therefore, the facts o....... + More

  19. 2018 (2) TMI 1578

    Assessment proceeding u/s.147 read with 144 - Addition u/s.69 - rejected of books of accounts - failure of the assessee to reconcile the difference of cash balance in the bank account as per books of account and as per the bank statement - Held that - AO made assessment u/s.143(3) by passing the order on 23.12.2011 by rejecting the book results of the assessee and estimating the income by applying rate of 8% on the gross contract receipts of S....... + More

  20. 2018 (2) TMI 1577

    Addition towards unexplained cash deposit in bank - estimation of net profit rate - Held that - Perusal of the credit entries in the bank account of Shri Kailalsh Singh reveals that regular account payee cheques have been credited in the bank account of Shri Kailalsh Singh which are on account of contract /business receipts for road construction. This proves that the cash withdrawal by the assessee is out of the business receipts of Shri Kailalsh....... + More

  21. 2018 (2) TMI 1576

    ADD - import of Para Nitro Aniline (PNA) originating in and exported from China PR - N/N. 88/2011-CUS dated 09/09/2011 - Sunset Review - Held that - the confidential version of final finding which contained all the crucial data was perused by us during the course of hearing - It is clear that the data relevant in para 38, 68, 77 and 78 of the final finding were duly examined by the DA. In fact, on close perusal of such data, we have no reason to ....... + More

  22. 2018 (2) TMI 1575

    Refund of excess duty paid - benefit of N/N. 21/2002-Cus dated 1.3.2002 at serial no.248(1) - denial on the ground that they had complied with all the provisions of exemption notification and that relocation did not, in any way, breach the conditions specified therein - Held that - on perusal of the records, it is seen that the rejection of the refund claim was without fulfillment of the prerequisite of a notice of the grounds on which the refund....... + More

  23. 2018 (2) TMI 1574

    Refund of SAD - N/N. 102/2007 Cus dated 14.09.2007 - denial on the ground that no amount was realized or received by the appellant company against 4% SAD paid by them as per the bills of entry - Held that - the issue herein is squarely covered by the ruling of the Hon ble Madras High Court in the case of CCE v. Flow Tech Power 2006 (1) TMI 37 - HIGH COURT OF JUDICATURE (MADRAS) , where it was held that duty had been absorbed by the assessee which....... + More

  24. 2018 (2) TMI 1573

    Classification of imported goods - Natural Calcite Powder - appellant classified it under CTH-25309030 - It appeared to Revenue that the goods imported were not Natural Calcite Powder but they were Processed Calcium Carbonate Powder and therefore, the goods were detained and samples were drawn and sent to Central Revenue Control Library, New Delhi (CRCL) - Case of appellant is that that CRCL did not have equipment to test the said samples and the....... + More

  25. 2018 (2) TMI 1541

    Classification of imported goods - Rommelag Bottle Packing Machine - classification under CTH 84224000 was changed to under CTH 84773000 by Revenue - Held that - For such variation there is no reason stated by Revenue why the first classification sought as CTH 84773000 was converted into CTH 84775900. Neither in page No.327 nor in page 348 of the appeal folder exhibiting adjudication finding reason for change of classification under CTH 84224000 ....... + More

  26. 2018 (2) TMI 1572

    Director disqualified for violation of Section 164(2)(a) of the Companies Act, 2013 - petitioner found that the resignation which he had tendered to the company had not been filed with the Registrar of Companies - benefit of CODS-2018 Scheme avalability - Held that - (i) The petitioner may file all the requisite returns in relation to the company in order to enable him to avail the benefits under the CODS-2018 Scheme; BR BR (ii) The petitioner wo....... + More

  27. 2018 (2) TMI 1571

    Winding up of company - present application was filed after the Official Liquidator had taken possession of at least two of the major assets of the company (in liquidation) and all further proceedings towards winding-up of the company (in liquidation) have been stayed - Held that - From a perusal of the application filed by the applicant company, it appears that the same has been filed with a bare assurance to revive the company (in liquidation),....... + More

  28. 2018 (2) TMI 1570

    Offence under PMLA - conducting the searches- retention of seized property - opinion based on Reason to Believe - Held that - The main purpose of conducting the searches, as mentioned in the reason to believe, no material or any seizure of incriminating documents or any demonetized currency. The search of the said lockers conducted was not in conformity with the provisions of law relating reasons to believe for conducting search of the lockers. C....... + More

  29. 2018 (2) TMI 1569

    Selection process of Tribunals - it was claimed that substantial steps have taken place in the selection process for the Central Administrative Tribunal and it is desirable that appointments be made expeditiously - Search-cum-Selection Committees (SCSC) - Held that - In all cases where the CJI has nominated the Chairperson of the SCSC for making recommendations for appointment of Chairperson/President/Presiding Officer of any tribunal and the Com....... + More

  30. 2018 (2) TMI 1567

    Chartered accountant - liability of service tax - certain considerations received by the appellant for other services (service activities are advice on finance, management, social / political issues, legal matters, negotiations, retainer service etc., to various corporate entities.) rendered by him in his professional capacity as a Chartered Accountant - Revenue entertained a view that such of the above activities like legal assistance, advisory ....... + More

  31. 2018 (2) TMI 1566

    Clearing and Forwarding Agents service - activity of lifting and handling of iron & steel products from SAIL, RINL and TATA - non-payment of service tax - Held that - in the present case, the original authority has not passed the order as per the direction of the remand order of the Commissioner (Appeals). We also find that the original authority has reconfirmed the demand and the penalties without applying its mind as per the direction of th....... + More

  32. 2018 (2) TMI 1565

    Franchise agreement - perations, Management and Development Agreement (OMDA) with the AAI - Held that - the issue has came up before the Hon ble Delhi High Court in the case of Delhi International Airport P. Ltd. & Mumbai International Airport P. Ltd. Versus Union Of India & Ors. 2017 (2) TMI 775 - DELHI HIGH COURT , where it was observed that OMDA does not constitute a franchise in terms of Section 65 (47) of the Finance Act and the tran....... + More

  33. 2018 (2) TMI 1564

    Penalty u/s 78 - malafide intent - Held that - the Original Authority has come to a conclusion that there was no mala fide on the part of the respondent - also, Revenue has not raised any ground to challenge the said finding by the Original Authority - appeal dismissed - decided against Revenue........ + More

  34. 2018 (2) TMI 1563

    Recovery of dues from legal heir - whether the SCN is validly issued in the name of Bhootpurva Sainik Security & Detective Service (after death of proprietor) and secondly whether the legal heir of late Mr. U.N. Pandey, Mr. Sashi Bhusan Pandey is liable for the dues, if any of the said Bhootpurva Sanik Security & Detective Service? BR BR Held that - Mr. Shashi Bhushan Pandey, the legal heir of late Mr. U.N. Pandey is not liable for any du....... + More

  35. 2018 (2) TMI 1568

    Penalty u/s 76 and 78 - suppression and evasion of Service Tax - Whether the Tribunal was justified in passing a contradictory order and thereby deleting the penalty only on the ground of non receipt of tax by the assessee from the service receiver? BR BR Held that - It is observed that the assessee has not received tax from the Rajasthan Housing Board which is a Government Corporation, therefore, the assessee cannot be penalised for non receipt ....... + More

  36. 2018 (2) TMI 1557

    Clandestine manufacture and removal - shortage of raw material and finished goods - allegation on the basis of entries made in the records maintained by M/s. Amit Steels - whether charges of clandestine clearance can be upheld based upon the said unverified statement of Shri Narendra Agarwal? BR BR Held that - Admittedly, his cross examination has not been done and the appellant has not been able to verify the correctness of the same. The name of....... + More

  37. 2018 (2) TMI 1556

    CENVAT credit - appellant removed various types of scrap generated from the old and used capital goods which were mainly in the nature of damaged parts of the structures of capital goods - Revenue by entertaining a view that as the appellant had availed Cenvat credit on the said capital goods, they were required to pay an amount equal to the duty leviable on the transaction value of such scrap, in terms of the provisions of Rule 3(5A) of the CCR ....... + More

  38. 2018 (2) TMI 1555

    CENVAT credit - SCN has been issued on the ground that the appellants have availed irregular Cenvat credit on the basis of invoices issued by the first stage dealer M/s Regal Metal and Ferro Alloys, Karampura, Delhi - Held that - the dealer supplied the different material to the Noticee on which the amount of duty had not been paid. When the duty had not been paid on the said material, the recipient of the goods i.e. Noticee was not allowed to ta....... + More

  39. 2018 (2) TMI 1558

    CENVAT credit - denied mainly on the basis of certain irregularities alleged with reference to transportation and non-existence of evidence for transportation of duty paid inputs to the premises of the respondent - Held that - On due consideration of the material evidence which has come on record the Tribunal came to the conclusion that no case is made out to reverse the findings recorded by the Commissioner and upheld the order and dismissed the....... + More

  40. 2018 (2) TMI 1560

    100% EOU - Refund of unutilized CENVAT credit - Rule 5 of the CCR 2004 - denial for the reason that the claims have been filed beyond the period of one year prescribed in Section 11B of the CEA 1944 - Held that - Even though the notification has made Section 11B applicable, the refund in terms of Rule 5 is different from a claim for rebate on duty paid on excisable goods exported out of India - Refund under Rule 5 is for refund of Cenvat credit a....... + More

  41. 2018 (2) TMI 1559

    Manufacture - business and trading of perforated sheets and wire netting - Department came to the conclusion that the activity of perforation of flat rolled steel sheets procured from the open market would amount to manufacture in terms of Section 2(f) of the CEA 1944 - Held that - the Hon ble Allahabad High Court in the case of Agra Metal Perforators vs. Commissioner, Sales Tax 1980 (7) TMI 242 - ALLAHABAD HIGH COURT has expressed the clear opin....... + More

  42. 2018 (2) TMI 1554

    SSI exemption - assignment of Brand name - whether a Trade Mark/Brand Name can be assigned for a meagre consideration of ₹ 3,000/- cash? - Held that - Hon ble Supreme Court of India in the case of Commissioner of Central Excise, Goa Versus Primella Sanitary Products 2005 (4) TMI 70 - SUPREME COURT OF INDIA , has held that the person who has right over Trade Mark, can assign the right of Trade Mark to another person through a deed of assignm....... + More

  43. 2018 (2) TMI 1550

    Refund claim - interest charged on the tax paid prior to the commencement of five year period of limitation - Held that - Interest is a burden that accrues to ineligible utilisation of amounts that otherwise should have been at disposal of the public exchequer. Undoubtedly, no tax or duty is recoverable for the period that lies beyond the limitation prescribed in the statute and such tax not being recoverable, interest burden thereon should not l....... + More

  44. 2018 (2) TMI 1551

    Penalty u/r 15(2) of the CENVAT Credit Rules 2004 - reduction of penalty to 25% as prescribed in the said rule - Held that - CENVAT credit wrongly availed along with the interest thereon had been made good before the adjudication proceedings were completed, thus entitling the assessee to reduced penalty in the order of the original authority - There has been a glaring lapse on the part of the original authority in not recording the option of redu....... + More

  45. 2018 (2) TMI 1552

    Penalty u/r 15(2) of CCR 2004 - claim of appellant is that erroneous utilization of credit was inadvertent and without deliberate motive which would foreclose the invoking of extended period of limitation for recovery - Held that - No evidence has been placed on record by the appellant that the ingredients for invoking of section 11AC were not in existence - the lower authorities had no option but to impose a penalty as a direct consequence of du....... + More

  46. 2018 (2) TMI 1553

    Excess of raw material and finished goods - confiscation of excess goods - Held that - out of total quantity of 13680 kg of finished goods it was alleged that 84 kg is found in excess. But how these goods were weighed and worksheet has not been provided to the appellant. In that circumstance, being a negligible quantity of excess found goods cannot be held liable for confiscation. BR BR Revenue sought to confiscate the raw material found excess i....... + More

  47. 2018 (2) TMI 1549

    Benefit of N/N. 41/11 dated 18.11.2011 - denial on the ground that M/s Jindal Power Ltd. had allotted a space by crossing road for manufacturing the pipes exclusively for M/s Jindal Power Ltd. which was considered as a separate site by Department - Held that - it appears that the Circular No. 456/22/99-CX dated 18.05.1999 issued by the Department prescribes that separate off road site will also be considered as the same included any premises made....... + More

  48. 2018 (2) TMI 1548

    Refund of tax paid on excess amount - price variation clause - rejection on the ground that there is no provision under the Act for reducing or refunding the amount of tax once the amount of tax has been paid - Section 2(39) of the Rajasthan Sales Tax Act, 1994 - Held that - In IFB Industries Limited v. State of Kerala 2012 (3) TMI 66 - Supreme Court of India , the issue was with regard to the definition of turnover . This court held that to take....... + More

  49. 2018 (2) TMI 1547

    Validity of inspection alleged to have been conducted in the place of business of the petitioner - principles of natural justice - Held that - it is seen that there is no document produced by the Department to show that despite the business premises having been sealed by the Forest Department still he was carrying on business. If the petitioner had been carrying on business it would have been illegal, since the seal of the premises cannot be open....... + More

  50. 2018 (2) TMI 1546

    Whether the first respondent was justified in levying and demanding interest under the provisions of the Tamil Nadu Tax on Luxuries Act, 1981, when there is no such provision provided under the Act, especially, Section 9 of the Act? BR BR Held that - identical issue decided in the case of S. Gurunathan Versus The Deputy Commercial Tax Officer 2014 (7) TMI 579 - MADRAS HIGH COURT , where it was held that During the relevant assessment year, there ....... + More

  51. 2018 (2) TMI 1545

    Validity of pre-revision notice - pre-revision notice issued without exhausting the statutory alternative remedy - Held that - It is not in serious dispute that the appellant in response to the pre-assessment notice, originally submitted its objections on 29.04.2011 stating among other things that due to the wrong entry in the computers for the respective months, the error has occurred and while verification, the Statutory Auditor revealed the sa....... + More

  52. 2018 (2) TMI 1544

    Validity of assessment order - TNGST Act - CST Act - Held that - this Court deems it appropriate to grant liberty to the petitioner to file an application under Section 55 of the TNGST Act which is a power given to rectify any error apparent on the face of record - petition disposed off........ + More

  53. 2018 (2) TMI 1543

    Penalty imposed u/s 18(1)(c) of Wealth Tax Act - furnishing of inaccurate particulars of net wealth - invalid notice - Held that - Though the CWT(A) has issued the show cause notice stating that the assessee was required to explain the reasons for furnishing inaccurate particulars, concealment of wealth, it was not clearly made known for which offence the assessee is required to submit his explanation. The Ld.CWT(A) should have struck off the irr....... + More

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