Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Income Tax - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Recognition of income - determination of value of WIP - Merely ...

Income Tax

August 17, 2015

Recognition of income - determination of value of WIP - Merely because assessee has offered the same to tax in A.Y. 2004-05 cannot be a ground to reduce the correct WIP from ₹ 4.94 crores to ₹ 3 crores for A.Y. 2001-02. - AT

View Source

 


 

You may also like:

  1. Refund claim - Rule 5 of CCR, 2004 - refund cannot be denied merely on the ground that in the Service Tax Returns, the Cenvat credit column was shown as ‘Nil’.

  2. 100% EOU - Refund claim - Rule 5 of CCR, 2004 - rejection of refund claims merely on the ground of nexus with the manufacture of the product is not legally tenable - AT

  3. Determination of assessable value of the goods imported - No effort was made by the Department to ascertain enhancement of royalty/licence fees by reducing the price of...

  4. Rejection of refund claim on the ground that services exported are not taxable services - Unutilized CENVAT credit filed under Rule 5 of CCR, 2004 - Refund allowed - AT

  5. Export of services - Refund claim under Rule 5 of the CENVAT Credit Rules, 2004 read with the Notification No. 05/2006-CE(NT) - various issues - decided partly in favor...

  6. Annual value determination - Estimating the value of the house property - assessee should be granted vacancy allowance.

  7. Value determined by the City Civil court considered by the AO as the closing WIP acceptable - AT

  8. Import of servcies - there is no evidence as to why the payment was made in 2008-09 in respect of the service received in 2004-05 - demand of service tax confirmed - AT

  9. Index of Eight Core Industries (Base: 2004-05=100) , August 2011.

  10. Determination of ALP - transactions of the assessee with its Branch Office in Canada - total revenue earned by branch office Canada has been offered for taxation -...

 

Quick Updates:Latest Updates