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Income Tax - Highlights / Catch Notes

Home Highlights April 2014 Year 2014 This

Addition made on account of unaccounted cash receipts – Sale of ...

Income Tax

April 4, 2014

Addition made on account of unaccounted cash receipts – Sale of car parking area - Without any evidence in the year for receipt of on-money the addition cannot be sustained - AT

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  1. Addition made on account of unaccounted cash receipts – Cash receipts of brokerage – Sale of car parking charges - the assessee’s purchases cannot be doubted on ad-hoc basis - AT

  2. Demand and penalty - extended period of limitation - providing the cars/scooter parking facilities in various areas in the Airport - levy of penalty confirmed - no...

  3. Classification of supply - bundled service or not - right to use of car/two wheeler vehicle parking space along with the sale of under constructed apartments - it is...

  4. Eligibility for CENVAT credit – Renting of Car Parking Space - credit allowed - AT

  5. Exemption u/s 54 is available on purchase of car parking space along with flat - AT

  6. Unaccounted sales of car parking area - Nothing came into the notice that there is any change or variation in the order passed by the Ld.CIT(A) for the AY 2012-13. in...

  7. Allowability of the deduction u/s 80-IAB with regard to car parking rental - nexus with the business carried on by the assessee - The provision of car parking services...

  8. Supply of services for right to use of car parking space is a separate supply and not to be construed as a composite supply of construction of residential apartment...

  9. CENVAT credit - eligible input service - office rental and the rental charges paid for car parking space - in or in relation to manufacture of goods - credit allowed - AT

  10. Car parking facility has been held to constitute input service in relation to the business of mandap keeper service - AT

 

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