Sale of gas has not taken place during the year under ...

Income Tax

June 9, 2014

Sale of gas has not taken place during the year under consideration the amount of advance cannot be treated as sale and added to the income of the appellant for the current year - AT

View Source

← Previous Next →

Sale of gas has not taken place during the year under ...

Income Tax

June 9, 2014

You may also like:

Levy of VAT / Sales Tax - Since the the sale of goods has taken place outside the State of Gujarat, the question as to whether or not subjecting the Natural Gas to the...

Unexplained Credit – Addition u/s 68 - Additin where fixed deposits taken during the earlier years - fixed deposits renewed during the year - No addition during the...

Security for gas cylinders received - the security for gas cylinders received by the assessee could not be treated as trading receipt. - HC

Unexplained cash credit u/s 68 - share application money - amount was received during the earlier years - entries made during the current year for converting deposits...

Remission / cessation of liability u/s 41(1) - CIT(A) was justified in deleting this addition because the amount stood remitted in the earlier year and not the current year - AT

Bottling of gas into gas cylinders, which requires a very specialized process and an independent plant and machinery, amount to production of ‘gas cylinders’ - deduction...

Voluntary Reporting of Estimated Current Income and Advance Tax Liability - CBDT issues draft notification

Income recognition - advances received from customers - the customers advances carried over year after year and it is the consolidated list of advances as on balance...

Amendment of Act 74 of 1956 - CENTRAL SALES TAX ACT, 1956 - where the gas sold or purchased and transported through a common carrier pipeline or any other common...

Taxable event - Completion of contract - profit on sale of the flats - Advance received from VGP which in fact is the sale proceeds of the flats, on completion of the...

Quick Updates: