Highlights / Annotations / Catch Notes For December of 2021

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Showing 1 to 50 of 514 Records

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December 31, 2021
GST: Jurisdiction - proper officer - Power to issue show cause notice (SCN) u/s 74(1) of CGST Act - Additional or Joint Commissioner of Central Tax -...
December 31, 2021
GST: Applicability of GST - transactions of sale of vouchers - the vouchers traded by the Appellant are goods and not actionable claims - The supply of...
December 31, 2021
GST: Classification of services - principal supply or not - services of coaching to students which also includes along with coaching, supply of...
December 31, 2021
GST: Seeking grant of bail - fake issuance of GST invoices without actual supply and receipt of goods - Considering the seriousness and gravity of the...
December 31, 2021
I.Tax: Disallowance of interest paid by the assessee on the pretext that assessee has given loans and advances to its employees without charging any...
December 31, 2021
I.Tax: Assessment u/s 153C - Short Term Capital Gain - transfer within the meaning of section 2[47] - As per the sec.2(47)(i), transfer in relation to...
December 31, 2021
I.Tax: Revision u/s 263 by CIT - addition of share premium - addition u/s 68 - Pr. CIT has made a bald statement that the AO’s assessment order attracts...
December 31, 2021
I.Tax: Penalty levied u/s 271AAB - Undisclosed income - Assessee has neither made any surrender of any undisclosed income during the search action nor the...
December 31, 2021
I.Tax: Addition u/s 56(2)(viib) - difference between the fair market value (FMV) of the shares and the value actually received - the balance sheet drawn up...
December 31, 2021
I.Tax: Penalty u/s. 271AAB - commodity profit as falling in the ken of the 'undisclosed income' - since the amount on which penalty is levied has been found...
December 31, 2021
Cus.: Extended period of limitation - Certificate of Origin furnished by the petitioner was valid or not - Even if the Appellate Commissioner does not...
December 31, 2021
Co.Law: Seeking rectification of register of members of the Company - Even though the Respondents stated that they have inducted the new members with the...
December 31, 2021
IBC: Seeking release of security interest from the liquidation estate - If the respondent wants to proceed with the liquidation proceedings without...
December 31, 2021
IBC: Seeking direction to 1st Respondent to admit the claim - The excess amount claimed by the Applicant has already been received by them from the...
December 31, 2021
S.Tax: Maintainability of appeal - pre-deposit of the amount of certain percentage of duty demanded or penalty imposed - Perusal of section 35F of Central...
December 31, 2021
S.Tax: Work contract service - Period of limitation - The facts of the case are sufficient to hold that there was no clarity about the individual liability...
December 30, 2021
GST: Levy of IGST - supply of imported goods on High Sea sale basis or supply of goods from FTWZ facilities by the Applicant to the Indian customers -...
December 30, 2021
GST: Seeking grant of anticipatory bail - allegation of passing the ineligible input tax credit from and to non existing firms - This Court is not...
December 30, 2021
I.Tax: Refund claim - Adjustment of amount against outstanding demand - Refunds have been adjusted against the outstanding tax demand by the Authority...
December 30, 2021
I.Tax: Assessment u/s 153C - non issue of notice u/s 142 - it becomes evident that the notices were sent by the respondent to the earlier e-mail address of...
December 30, 2021
I.Tax: Benefit of carry forward losses - Return of income has been filed by assessee on 22.11.2013 meaning thereby that the Form 3CEB has been obtained...
December 30, 2021
I.Tax: Penalty levied u/s 271B - assessee not got her accounts audited u/s 44AB - The assessee follows project completion method. Therefore, the claim of...
December 30, 2021
I.Tax: Revision u/s 263 - In the instant case, the receipt of consultancy fee does not fall within the ambit of expression “income in respect of any issue,...
December 30, 2021
I.Tax: Disallowance of bonus paid to employees including the key management persons - the disallowance was made by the ld. AO only on an adhoc basis at the...
December 30, 2021
I.Tax: Disallowance of setting off of the carried forward loss - return filed beyond the due date specified under subsection (1) of section 139 - It was...
December 30, 2021
I.Tax: Disallowance of Administrative Expenses - Closure of business activities - The temporary lull in the business during the lean period of transaction...
December 30, 2021
I.Tax: Penalty u/s 271(1)(c) - non disclosure of capital gain on sale of land in the income tax return - Sale consideration by applying the provisions of...
December 30, 2021
Cus.: Enhancement of penalty, levied on Employee of CHA - appellant was reckless and negligent in using the Customs House Agent Licence of his Employer. -...
December 30, 2021
Cus.: Classification of imported goods - Hankook off the road mining tyres 31 x 10.5 R 15 - The impugned tyres are used for replacing the existing tyres...
December 30, 2021
PMLA: Money laundering - scheduled offence - Siphoning of funds - Once the applicant is released on bail, both of them are likely to take fate of the case...
December 30, 2021
S.Tax: Refund claim - time limitation - Service tax was paid on advance received - later the order was cancelled - The relevant date for filing the refund...
December 30, 2021
C.Ex.: Principles of natural justice - Clandestine removal - want of corroborative evidence - There is no retraction of the statements - The statements...
December 30, 2021
Indian Laws: Dishonor of Cheque - proclaimed offender or not - amicable settlement between the parties- continuation of proceedings under Section 174A I.P.C. -...
December 30, 2021
Indian Laws: Dishonor of Cheque - The Explanation to Section 138 of N.I.Act clearly states that the dishonoured cheque shall relate to a legally enforceable debt...
December 29, 2021
GST: Transitional Input Tax Credit - seeking to allow filing of declaration in form GST TRAN-1 and GST TRAN-2 - seeking to reopening the portal - Some...
December 29, 2021
GST: Refund - amount which was credited in the wrong account due to inadvertent mistake - Undoubtedly, it was a mistake which was committed by the...
December 29, 2021
GST: Refund - amount which was paid during the course of investigation - It is the case of the petitioner that the amount was paid under coercion - There...
December 29, 2021
GST: Violation of principles of natural justice - Validity of assessment order - As adverse orders would have been passed against the petitioner, it was...
December 29, 2021
I.Tax: Validity of Section 194A(3)(ixa) - tax deducted at source on the interest payable under an award of the Motor Accident Claims Tribunal (“MACT”) - The...
December 29, 2021
I.Tax: Seeking condonation of delay to file a revised return by an application u/s 119(2)(b) - Unfortunately, the assessee’s application u/s 119(2)(b) has...
December 29, 2021
I.Tax: Reopening of assessment u/s 147 - High Court cannot form any opinion in respect of such findings to be made. Only endeavour of the High Court is to...
December 29, 2021
I.Tax: Correct head of income - nature of receipt from lease/ rent - the assessee employed commercial assets to earn income. Unless and until the income is...
December 29, 2021
I.Tax: Addition u/s 68 - Estimation of rate of commission - brokerage rate on various bogus transactions - Inasmuch as the assessee accepted the commission...
December 29, 2021
I.Tax: Addition on account of share premium as income from other sources - It becomes income of the assessee only by way of deeming legal fiction. We find...
December 29, 2021
I.Tax: Unexplained investment in closing stock u/s. 69 - difference in the quantity of closing stock as per software - once the said software was stopped...
December 29, 2021
I.Tax: Addition u/s. 56(2)(vii) - difference between the stamp duty guideline value and purchase consideration i.e. 50 percent u/s 56(2)(vii)(b) - the...
December 29, 2021
I.Tax: Addition being 40% of cash balance shown in the balance sheet as income of the assessee - A.O without any basis, simply says that the cash in hand is...
December 29, 2021
I.Tax: Disallowance of deduction claimed u/s 10AA after claiming deduction / exemption u/s 10A - SEZ unit - As on the commencement of assessment year...
December 29, 2021
I.Tax: Penalty u/s. 271(1)(c) - unexplained loan creditors - as explained by the assessee that said difference is due to reconciliation of year end entries...
December 29, 2021
I.Tax: Assessment of income from other sources u/s. 68 r.w.s. 115BBE - As assessments for assessment years 2011-12 to 2014-15 are unabated / completed....

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