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ACE India Medical Systems and Others Versus Assistant Commissioner of Income Tax, Circle-2, Kota (Raj.) and Others

Deciding the case ex parte U/s 144 - Held that:- The assessee’s attitude was totally non-cooperative with the department as evident from the number of dates for hearing given by the Assessing Officer. The assessee had never produced the books of account before the Assessing Officer as claimed by him, which has been confirmed by the ld CIT(A). Both the authorities cannot be held irresponsible when assessee’s conduct shows that he had not produced books of account in given time before the Assessin .....

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- Held that:- As per Section 43(5) “Speculative transaction” means a transaction in which a contract for the purchase or sale of any commodity, including stocks and shares, is periodically or ultimately settled otherwise than by the actual delivery or transfer of the commodity or scrips.Prima facie it is clear that Section 43(5)(d) is for trading in derivatives not trading of shares. The assessee claimed that the assessee has traded these shares through broker and through electronics mode, whic .....

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e, the assessee was non-cooperative with the department even there is no copy of replies filed to show that full name, address and PAN of trade creditors were filed before Assessing Officer. The ld CIT(A) was also wrong to accept the assessee’s claim and held that show cause notice was given by the Assessing Officer itself for trade creditors on 27/12/2010 is against the fact of the case as submitted by the ld DR with reference to paper book submitted by the assessee. We have also perused the ab .....

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sfaction to prove the genuineness of the trade creditors as per law. - Decided in favour of assessee for statistical purposes.

Addition of unsecured loan - Held that:- The assessee furnished these details on 27/12/2010 hardly three days had remained with the Assessing Officer to complete the assessment proceedings, therefore, there is no lapse on the part of the Assessing Officer to make the addition U/s 68 of the Act, which was confirmed by the ld CIT(A). Even evidence filed before .....

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Addition of miscellaneous expenses - Held that:- The ld Assessing Officer issued various questionnaire to the appellant, which was not responded. On 27/12/2010, he appeared before the Assessing Officer. Before that he partly filed the information before the Assessing Officer whatever evidence it referred, does not support the assessee’s case that he had filed the required evidences for claim of expenses, therefore, we in the interest of justice, set aside this issue to the Assessing Office .....

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count and thereafter net income was ₹ 21,94,196/- for the year under consideration. Therefore, order of the ld CIT(A) deserved to be confirmed on this issue. - Decided against revenue.

Addition to fixed assets - CIT(A) deleted addition - Held that:- The assessee never had furnished any evidence for purchase of assets before the lower authorities. Books of account were also not produced before the Assessing Officer. The ld CIT(A) also decided the issue on the basis of books of ac .....

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JP/2012 - Dated:- 11-8-2015 - SHRI R. P. TOLANI AND SHRI T. R. MEENA, JJ. For The Assessee: Shri S. S. Gogra (Adv) and Shri S. K. Gogra (C. A.) For The Revenue : Mrs. Neena Jeph (JCIT) ORDER PER: T. R. MEENA, A. M. These are cross appeals, one by the assessee and another by the revenue arise against the order dated 27/03/2012 passed by the learned C. I. T.(A), Kota for the A. Y. 2008-09. The grounds of assessee s as well as revenue s are as under:- Ground of ITA No. 485/JP/2012 1 That the learne .....

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rned CIT(Appeals) dealt with the said addition and after discussions addition was enhanced by ₹ 1,92,538/- and increased to 11,41,070/- by disallowing the part of the loss sustained in share trading by quoting Sec. 73 of the I. T. Act. 3. That the ld CIT(A) grossly erred on law and facts in disallowing the loss in share trading ₹ 11,41,070/- and thereby enhancing the taxable income and initiating penalty proceedings separately. 4. That the learned A. O. grossly erred on facts and on .....

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377; 15,12,001/- on unhealthy discussion and the learned CIT(Appeals) also grossly erred in sustaining the same by marking that the assessee did not produce the books of accounts. 7. That the learned CIT(Appeals) grossly erred in initiating penalty proceedings U/s 271(1)(c) by treating the loss disallowed by him as concealed income ₹ 11,41,070/-. Ground of ITA No. 561/JP/2012 On the facts and in the circumstances of the case, the ld CIT(A), Kota has erred in:- i) deleting addition of ͅ .....

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4,83,182/- to be fixed assets despite of the fact that the assessee failed to produce books of account, vouchers etc. in support of investment in fixed assets and could also not explain the sources of this investment. 2. The 1st ground of the assessee s appeal is against deciding the case ex parte U/s 144 of the Income Tax Act, 1961 (hereinafter referred as the Act) by the Assessing Officer and confirmed by the ld CIT(A). The ld Assessing Officer observed that the assessee filed return on 13/10/ .....

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08 for want of sine die adjournment wherein the following has been stated: This is to inform you that we are busy in our business. The business of farma is gaining momentum in winter season. We therefore, request you to adjourn the case sine die. The ld Assessing Officer further observed that the assessee again requested vide letter dated 04/6/2009 to furnish audit report alongwith supporting documents in respect of its declared income and case was fixed for 07/06/2009. Later on, the assessee s .....

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days as the consultant was out of station. Thereafter, again notice U/s 142(1) was issued to the assessee on 08/09/2010 fixing the case for hearing on 21/09/2010. On the date of hearing i. E. 21/09/2010 also, none attended nor any adjournment sought. Thereafter on 04/10/2010, assessee furnished copy of audit report alongwith copy of computation of income and copy of I. T. return for A. Y. 2008-09. Thereafter, assessee has again sought adjournment vide application dated 08/10/2010 stating therei .....

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were filed by the assessee. Thereafter vide his office letter dated 10/12/2010, the assessee was specifically informed to submit the complete details and information alongwith books of accounts, bills, vouchers and other relevant details/documents which were found at the time of survey, as per Annexure-A. The case was fixed for 16/12/2010. The ld Assessing Officer reproduced the questionnaire issued to the assessee on page 2 to 4 of the assessment order. On 16/12/2010, again partly reply was fu .....

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010 would result in ex parte assessment as well as initiation of penalty proceedings U/s 271(1)(b) of the Act. The extract of letter of Assessing Officer reproduced on page No. 4-5 of the assessment order. On 27/12/2010 at the given time, no one attended nor any reply received from the assessee. However, at 2.30 PM on this date, the assessee submitted more or less same reply as already filed on 18/11/2010 but not produced books of account and other incriminating documents and loose papers as per .....

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d U/s 144 of the Act. 3. Being aggrieved by the order of the Assessing Officer, the assessee carried the matter before the ld CIT(A), who had dismissed the assessee s ground by observing that there was a survey U/s 133A of the Act at the business premises of the assessee on 12/10/2007. Various books of account and documents were found during the course of survey were inventorised. During the course of hearing before the Assessing Officer, the assessee did not produce books of account or other do .....

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ed printouts of ledger accounts maintained in computer system to ld Assessing Officer on 27/12/2010 and also before the CIT(A) on 24/1/2012 as evident from the submissions made to them. The copies of the letters dated 27/12/2010 and 24/1/2012 has been annexed, therefore, ld AR argued that framing of the assessment U/s 144 of the Act may please to declared as null and void. All these details required by the Assessing Officer was submitted in detail on 27/12/2010, which has not been considered by .....

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fore the Assessing Officer on 27/12/2010, it shows that the assessee s intention not to be investigated or scrutinized the case in proper sense of scrutiny. Therefore, this ground may please be dismissed. 6. We have heard the rival contentions of both the parties and perused the material available on the record and gone through the case law. The assessee s attitude was totally non-cooperative with the department as evident from the number of dates for hearing given by the Assessing Officer. The .....

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nd of appeal is dismissed. 7. The 2nd and 3rd ground of assessee s appeal is against estimating the G. P. and enhanced by the ld CIT(A) by ₹ 1,92,538/- and increased to 11,41,070/-. The ld Assessing Officer observed that the assessee has claimed trading expenses at ₹ 3,07,858/- and claimed gross loss of ₹ 4,89,312/-. The assessee was asked to furnish the evidences of trading expenses of ₹ 3,07,858/- on various dates but the assessee had furnished copy of account, which wa .....

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head wise as well as quantity wise and quality wise inventories of purchases and sales but no such inventory was furnished at the ending reply dated 27/12/2010. The ld Assessing Officer asked to furnish two trading accounts from 01/4/2007 to 12/10/2007 (till the date of survey) and from 13/10/2007 to 31/3/2008, separately. But the same was not submitted before the Assessing Officer. He simply stated that during the course of survey proceedings the trial balance and stock details till 12/10/2007 .....

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i Manohar Gupta, one of the partner of the firm and incriminating documents impounded during the course of survey had been returned back on the same date to the assessee. Therefore, the ld Assessing Officer has not found the assessee s reply convincing but beyond the truth. Accordingly he decided the assessee s sale at ₹ 13.25 crores against the sale declared in trading account at ₹ 13,13,70,013/- and recasted the trading account and gross profit was calculated at ₹ 9,48,532/- .....

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90/- the opening stock was nil and closing stock was ₹ 2,75,400/-. The assessee had claimed expenses of ₹ 74,521/- related to share business. The assessee had claimed loss of ₹ 48,24,906/- on sale of shares. It was seen by the ld CIT(A) that the transactions were squared up without actual delivery and as per the details filed by assessee itself the loss of squared up transactions (without delivery) comes to ₹ 11,41,070/-. The assessee vide ordersheet entry dated 20/03/201 .....

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rred loss of ₹ 11,41,070/- from trading of shares without any delivery, therefore the same was found by him as speculation loss and accordingly, disallowed U/s 73 of the Act. After reducing loss of share trading, the assessee s profit from medical business came to ₹ 43,35,594/- on a turnover of ₹ 4,96,19,004/- giving G. P. rate of 8.74%. The gross profit rate of 8.74% is considered reasonable in the line of wholesale medical business. Accordingly, no separate addition was consi .....

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as trading turnover of shares. The ld A. O. has estimated the turnover at ₹ 13.25 crores without any basis. The ld CIT(A) wrongly held that sale transactions were speculative in nature as these transactions were made through electronic mode and when the purchases made and shares come on screen of the broker, it tantamount to purchase and when it is sold then it is a perfect sale. He again referred Section 43(5)(d) that an eligible transaction in respect of trading of derivatives referred t .....

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er or others. The said sale and purchase would be treated as trading of shares (business) and not the speculation transaction. These transactions were done through broker, who has issued the transaction note after charging the commission. In speculative transaction, no transaction note is issued by the broker but he only gives the difference of profit/loss in case of his speculative share transaction. The assessee had shown purchase and sale number of shares with script, therefore, same should n .....

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all the particulars of transactions of shares and held that these transactions are speculative in nature. Therefore, order of the ld CIT(A) may please be confirmed. 11. We have heard the rival contentions of both the parties and perused the material available on the record. As per Section 43(5) Speculative transaction means a transaction in which a contract for the purchase or sale of any commodity, including stocks and shares, is periodically or ultimately settled otherwise than by the actual .....

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shares through broker and through electronics mode, which comes U/s 43(5)(d) of the Act and shall not be deemed to be an speculative transaction, has wrongly interpreted Section 43(5) of the Act. The assessee has not produced any evidence regarding delivery of shares and transactions note, detail of scrap traded during the year under consideration. Therefore, we do not find any reason to intervene in the order of the ld CIT(A). Accordingly, both these grounds of assessee s appeal are dismissed. .....

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port its claim but the same were not submitted before him even books of account were also not produced before the Assessing Officer. Therefore, he made addition of ₹ 18,12,459/-. 13. Being aggrieved by the order of the Assessing Officer, the assessee carried the matter before the ld CIT(A), who had allowed the appeal partly by observing that in case of creditors having PAN, the Assessing Officer would have verified the details from their case records, more so when the details were asked at .....

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ng of PAN numbers, the action of ld A. O. by treating the sundry creditors as un-genuine was unjustified. The details of sundry creditors was furnished before the ld Assessing Officer vide submission dated 16/12/2010 (point No. 5(ii). He has also drawn our attention on page NO. 123 of the paper book for this purpose. Further these details for confirmation was required by ld A. O. vide show cause notice dated 27/12/2010 and were filed before the Assessing Officer on 27/12/2010. The appellant was .....

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is discharging the function of quasi judicial authority which should have justified himself for making proper inquiry in the matter of creditors and about their genuineness. The assessee had submitted details of the trade creditors alongwith balance sheet. Against the appeal made by the revenue, it has been submitted that the nature of the transaction with sundry creditors is of trading activity only which occurs against purchase and sales of any commodity and there is no need for proving credi .....

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assessment order and it is found that the assessee himself admitted that it has submitted its audit report on 04/10/2010 alongwith computation of income, copy of return for the year under consideration, hardly less than two months were remained with Assessing Officer to complete the assessment. As per assessee s submission as page 120 and 121 of the paper book, the assessee submitted creditors ledger copy on 18th November, 2010 before the Assessing Officer as per item No. 7. As per page No. 122 .....

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page No. 124) at item No. 4 has again asked the assessee to furnish complete name, address, PAN alongwith confirmation and copy of ledger in support of these sundry creditors. Again the ld CIT(A) as well as the assessee were wrong on fact that the Assessing Officer was asked to file confirmation by show cause notice dated 27/12/2010. On 27/12/2010, the assessee submitted a letter before the ACIT, Circle-, Kota and repeated the same reply in point No. 4 regarding sundry creditors amounting to &# .....

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self for trade creditors on 27/12/2010 is against the fact of the case as submitted by the ld DR with reference to paper book submitted by the assessee. We have also perused the above documents, the argument of the ld DR was found correct and the assessee had not submitted complete details of creditors with full address with PAN before the Assessing Officer. Any expenses claimed in the P&L account, burden lies on the assessee, which has not been discharged by the assessee, therefore, in the .....

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ssing Officer observed that the assessee had shown unsecured loan of ₹ 3 lacs in the name of M/s Gera Medical agencies. The ld Assessing Officer gave show cause vide letter dated 25/12/2010 to furnish the complete name, address alongwith confirmation of M/s Gera Medical agencies in regard to this unsecured loan. As per letter dated 18/11/2010, the assessee had filed ledger copy of M/s Gera Medical agencies but no confirmation regarding the same was filed. Since no books of account or other .....

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ppeal of assessee. The assessee submitted before us that the assessee had taken loan of ₹ 3 lacs through account payee cheque and interest on which paid by cheque after TDS deducted. The ledger copy of PAN was submitted to the Assessing Officer vide submission dated 27/12/2010 (relevant point No. 5), copy annexed with the paper book at page No. 129, copy of ledger account of M/s Gera Medical agencies and TDS deposit challan for above said period has been annexed at sl. No. 156 to 158 of pa .....

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ing summon U/s 131 of the Act. The assessee s book of account were computerized which is duly evident from the statement recorded by the departmental authority on 12/10/2007, therefore, same may be deleted. 18. The ld DR vehemently supported the order of the ld CIT(A) and has also drawn our attention on paper book submitted by the assessee that the assessee on 27/12/2010 had submitted that he had received the loan through account payee cheque and deducted TDS and paid to the government exchequer .....

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as been given by it. The assessee furnished these details on 27/12/2010 hardly three days had remained with the Assessing Officer to complete the assessment proceedings, therefore, there is no lapse on the part of the Assessing Officer to make the addition U/s 68 of the Act, which was confirmed by the ld CIT(A). Even evidence filed before us, does not show that the assessee had filed confirmation as well as PAN number before the Assessing Officer. Even the assessee before the ld CIT(A) has claim .....

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peal is against confirming the addition of miscellaneous expenses at ₹ 15,12,001/- by the ld CIT(A). The ld Assessing Officer observed that during the course of survey proceedings, both the partners had admitted that they voluntarily surrendered additional income of ₹ 41,93,700/- for taxation but while filing the income tax return, the net income had been declared at ₹ 21,94,196/- and claimed various expenses at ₹ 15,12,001/-. Since the assessee had not produced books of .....

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ing and assessee submission. The assessee surrendered as sum of 41,93,700/- represent by cash (Rs. 20,49,000/-) and bogus creditors (Rs. 21,44,700/-). Both of these represent cash/income generated from business. In this case assessee generated undisclosed income of ₹ 41,93,700/- out of which it introduced ₹ 21,44,700/- in books of accounts through bogus cash credits and remaining 20,49,000/- was found as excess cash. The Assessing Officer has rightly concluded no expenses can be clai .....

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ow cause notice before disallowing these expenses. The salary expenses had been added twice while framing assessment order by the Assessing Officer and CIT(A) is also erroneous to this extent by which such addition is sustained. The ld Assessing Officer disallowed 50% salary expenses out of ₹ 6,58,526/- and again further total expenses are disallowed, which is quite unjustified in the facts and circumstances of the case. The following expenses were claimed out of total income during the ye .....

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submission dated 16/12/2010. He has drawn our attention on page No. 123 of the paper book. The ld Assessing Officer had considered assessee s reply in his assessment order at page 4-5 for issuing final show cause notice to the assessee. He further argued that the ld Assessing Officer vide show cause notice dated 22/12/2010 has not asked to file any evidence with respect to Misc. expenses claimed by the assessee. He referred particularly page No. 124 to 126 of the paper book for this purpose mea .....

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itted to the Assessing Officer and to the CIT(A) vide submission dated 27/12/2010 and dated 24/1/2012 respectively. He further relied on the decision in the case of Brij Bhushan Lal Parduman Kumar Etc. Vs. CIT (1978) 115 ITR 524 (SC) on ex parte assessment and State of Kerala Vs. C. Velukutty (1966) 60 ITR 239 (SC) on best judgment and State of Orissa Vs. Maharaja Shri B. P. Singh Deo (1970) 76 ITR 690 (SC) on best judgment. Thus, he prayed to delete the addition confirmed by the ld CIT(A). 23. .....

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material available on the record. The ld Assessing Officer issued various questionnaire to the appellant, which was not responded. On 27/12/2010, he appeared before the Assessing Officer. Before that he partly filed the information before the Assessing Officer whatever evidence it referred, does not support the assessee s case that he had filed the required evidences for claim of expenses, therefore, we in the interest of justice, set aside this issue to the Assessing Officer and assessee is dir .....

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s. Since the assessee had not surrendered any part of the cash found during the course of survey on account of bogus salary. The ld Assessing Officer observed that the assessee had claimed salary payment of ₹ 6,89,526/-, the Assessing Officer asked vide letter dated 10/11/2010 to furnish the detail of salary payment in the prescribed proforma. The assessee made partly compliance on 18/11/2010. Therefore, the Assessing Officer against requested on 10/12/2010 to give the details in prescribe .....

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is last reply dated 27/12/2010, the assessee filed copy of ledger account of these persons and tried to justify its claim towards salary paid to them. On verification of details, it was found that ₹ 90,000/- salary paid in cash to one Shri Rajesh Soni, who was claimed as purchase manager. An outstanding balance of ₹ 2,19,500/- has also been shown against his name. During the course of survey proceedings, statement of Shri Rajesh Soni was also recorded in which he admitted that his s .....

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he assessee that Shri Rajesh Soni was paid salary of ₹ 90,000/- and remaining amount is advanced to him. The ld Assessing Officer considered the assessee s reply and held that in statement of Shri Rajesh Soni, he admitted only salary of ₹ 20,000/- p. M. on account of expenses but salary has not been decided till date of survey i. E. on 12/10/2007. The other persons also admitted the identical fact. Shri Prem Kumar Prajapat (salesman) admitted salary@ 2550/- per month whereas the asse .....

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77; 3,44,763/-. 27. Being aggrieved by the order of the Assessing Officer, the assessee carried the matter before the ld CIT(A), who had allowed the appeal by observing that the assessee has surrendered Misc. income of ₹ 41,93,700/- related to unaccounted cash found during the course of survey. The payment of bogus salary would result in generation of cash and as the amount of cash surrendered was more than the salary disallowed. The assessee has been given benefit of telescopic. According .....

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ome was ₹ 21,94,196/- for the year under consideration. Therefore, order of the ld CIT(A) deserved to be confirmed on this issue. 29. We have heard the rival contentions of both the parties and perused the material available on the record. The assessee had surrendered cash found during the course of survey at ₹ 20,49,000/- in total surrender of ₹ 41,93,700/-, therefore, we uphold the order of the ld CIT(A). This ground of revenue is dismissed. 30. The ground No. (iii) of the re .....

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been credited in personal capital account, remaining additions were made during the year were computer, fire equipments and car Jen Estilo but no bill vouchers and books of account were produced before the Assessing Officer. Therefore, he made addition of ₹ 14,83,182/-. 31. Being aggrieved by the order of the Assessing Officer, the assessee carried by the matter before the ld CIT(A), who had allowed the appeal by observing that the assets were duly shown in the books of account and balanc .....

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what is new what is new
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Forum: Excise duty credit on finished stock at additional place of business.

Forum: Input tax credit

Forum: Cess paid instead of SGST

Forum: Manpower Service provider

Forum: Construction of single unit bungalow

Forum: Duty Drawback & Input Credit - under GST

Forum: Credit on Repair of Company Car & Its Insurance

Article: SIMPLIFIED E-WAY BILL UNDER GST

Article: SERVICES UNDER REVERSE CHARGE UNDER GST REGIME

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Notification: Amendment in Appendix 3 (SCOMET items) to Schedule- 2 of ITC (HS) Classification of Export and Import Items 2012

Circular: Amendment to Paragraph 2.72 (b) of the Handbook of Procedures of the Foreign Trade Policy (FTP) 2015-20

Notification: Companies (Acceptance of Deposits) Second Amendment Rules, 2017

Notification: Rate of exchange of conversion of the foreign currency with effect from 22th September, 2017

News: Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified

Circular: Promote the officers of the Indian Revenue Service (Customs and Central Excise) to the grade of Principal commissioner of customs, GST & CX

Circular: Allocate the charges amongst the Members of the Central Board of Excise and Customs

Circular: Strategy for audits in 2017-18 consequent to GST - Audit by Central Excise and service Department to continue for the accounting year 2016-17 and for the past period

Circular: Appoint the IRS (C&CE) officers as Principal Commissioner (Revision Application) and ex-officio Additional Secretary

Circular: Time limit for filing intimation for composition levy under Rule 3(1) of the CGST Rules, 2017 extended to 16-8-2017

Circular: Extension of time limit for submitting the declaration in FORM GST TRAN-1 under rule 120A of the Central Goods and Service Tax Rules, 2017

Circular: C.B.E. & C. Advisory on Customs related matters on introduction of Goods and Services Tax regime

Circular: List of Reduced Tax Liabilities under GST regime in comparison to present combined Indirect Tax rates

Circular: Works Contract for construction of Flats, Complex — Builders to pass on GST benefit to buyer otherwise anti-profiteering provisions of Section 171 of GST Act to apply

Circular: Clarification regarding applicability of section 16 of the IGST Act, 2017, relating to zero rated supply for the purpose of Compensation Cess on exports – Regarding.

Circular: Clarification on Inter-state movement of various modes of conveyance, carrying goods or passengers or for repairs and maintenance- regarding

News: RBI Reference Rate for US $

Highlight: Addition u/s 23(1)(a) - deemed rent - once the property is let out and at any point of time this remained vacant during the same cannot be brought to tax under the head House properties income.

News: Haryana constitutes screening committee on anti-profiteering

Highlight: Valuation of imported goods - it is necessary to re-examine the matter of both license agreement as well as supply contract simultaneously, to see if the enhanced royalty was in the guise of adjustment of the price of components.

Notification: Levy of anti dumping duty on New/unused pneumatic radial tyres with or without tubes and/or flap of rubber (including tubeless tyres) having normal rim dia code above 16 originating in, or exported from China PR

Highlight: Cenvat credit availed on Club Membership for the Director is not admissible as it cannot be said to be remotely connected with the activity of manufacture

Circular: Amendments in Hand Book of Procedures 2015-20 –reg.

News: Jaitley asks biz not to wait till last day to file GST returns

Circular: Implementing Electronic Sealing for containers by exporters under self-sealing procedure prescribed by Circular 26/2017-Cus dated 1st July, 2017 and Circular 36/2017 dated 28 th August, 2017. — reg.

Article: 20 Things You must know about E Way Bills in GST Law

Article: ‘DUTY DRAWBACK’ CANNOT BE EQUATED WITH ‘REBATE OF DUTY’

Highlight: Notification regarding GST rate for branded cereal, pulses and flour

News: Notification regarding GST rate for branded cereal, pulses and flour

Highlight: Anti-dumping duty on import of bus/truck tyres from China

Highlight: Cabinet approves Extension of time period of the Scheme "Special Industry Initiative for J&K" (Sll J&K) - Udaan

Highlight: Non-payment of service tax - maintenance and repair charges - appellants had knowingly and deliberately shown the repair charges as job work charges to mislead about their taxability - demand confirmed.

Highlight: BAS - execution of the project of smart card for vehicle registration – implementing the SOC-VRC project - The fact that the Government has outsourced some part of the work and paid certain consideration for such outsourced work, does not make the activity subject to service tax.

News: Cabinet approves Extension of time period of the Scheme "Special Industry Initiative for J&K" (Sll J&K) - Udaan

Highlight: Constitution of National Anti-profiteering Authority (NAA) under GST-reg. - Trade Notice

Highlight: Amendments in Hand Book of Procedures 2015-20 –reg. - Various amendments are made in Chapter-4 of Hand Book of Procedures 2015-2020.

Circular: Constitution of National Anti-profiteering Authority (NAA) under GST-reg.



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