Excessive shortage in the Sesame seeds account - assessee has ...

Assessee's Favor: Balance of Convenience Supports Them in Sesame Seeds Shortage Issue with 0.86% Overall Shortage.

September 11, 2016

Case Laws Income Tax AT

Excessive shortage in the Sesame seeds account - assessee has failed to quantify the shortage/loss due to substandards material - Considering the smallness of the overall percentage which is 0.86%, the balance of convenience is tilted in favour of the assessee - AT

View Source

← Previous Next →

Excessive shortage in the Sesame seeds account - assessee has ...

Assessee's Favor: Balance of Convenience Supports Them in Sesame Seeds Shortage Issue with 0.86% Overall Shortage.

September 11, 2016

Case Laws Income Tax AT

You may also like:

Procedure for export of sesame seeds to the European Union countries - Notification

Imported raw sesame seeds duty-free under Advance Authorization Scheme were allegedly diverted and sold in the local market instead of being used for export production...

Input Tax Credit - Disallowance of debit of IGST from the electronic credit ledger - Rule 86A - The appellant has used the expression “negative blocking”. We find no...

This notification outlines the procedure for exporting sesame seeds to the United States of America (USA). The key points are: India Oilseeds & Produce Export Promotion...

Levy of penalty on the Appellant Assessee under Section 86(10) of the DVAT Act without issuing notice to the Assessee - order is unsustainable in law and is hereby set aside - HC

Stay of demand - recovery proceedings - pre-condition for grant of stay of recovery - the actual tax to be demanded, ranging from 0% to 100%, would depend upon the...

Stay of recovery - ground for stay - Tribunal should have borne in mind while granting an interim order is that the assessee should have made out a prima facie case; the...

Deduction u/s 80-O – if the services are rendered by assessee from India, the mere fact that foreign enterprises has utilized these services in India would not...

Principles of natural justice - allegation is that SCN issued with a pre- determined and closed mind - it prima-facie appears that the SCN fell into the category of...

Blocking the input tax credit against the petitioners - The High Court emphasizes that Rule 86(A) allows restricting debit from the electronic credit ledger for an...

Stay of demand - Penalty u/s. 271(1)(C) on disallowance of interest and professional fees - assessee has established the prima facie case and balance of convenience in...

Power of Central Government u/s 85 & 86 - Black Money Act, 2015 - ultravirus of notifications issued making them effective prior to 01.04.2016 - A fortiori the Central...

Stay petition for extension of the stay - the delay in non disposal of the appeal is not attributable to the assessee. Hence, the balance of convenience lies in the...

Extension of Stay - delay in non-disposal of appeal - delay in non-disposal of the appeal is not attributable to the assessee. Hence the balance of convenience lies in...

Classification of goods - industrial grade Calcium Hydroxide of high purity of 86% and industrial grade Calcium oxide of high purity of 86% are rightly classifiable...

Quick Updates: