Assessment of foreign company - in the working out of the order ...

Income Tax

July 20, 2018

Assessment of foreign company - in the working out of the order of the Tribunal results in the returned income being varied, then the procedure of passing a draft assessment order u/s 144C(1) of the Act is mandatory and has to be complied with, which has not been done - the order is without jurisdiction

View Source

← Previous Next →

Assessment of foreign company - in the working out of the order ...

Income Tax

July 20, 2018

You may also like:

The Appellate Tribunal addressed three main issues raised by the Assessee against the assessment order. Firstly, regarding the disallowance of job work charges to a...

Valuation - Job work - fabric + job work charges – alleged that merchant manufacturers suppressed the value of grey fabric, which resulted in short payment of duty by...

Validity of Assessment order as time barred - delay dispatching assessment order - The Tribunal, after considering the submissions and relevant precedents, concluded...

Annual Return on Foreign Liabilities and Assets Reporting by Indian Companies

FERA 1973 - Release of foreign exchange in violation of the instructions of the RBI resulting in a violation of the relevant provisions of the FERA 1973 - Imposition of...

Penalty u/s 271(1)(c) - disallowances in the quantum assessment order - whether any concealment or furnishing of inaccurate particulars proved? - Tribunal directs...

Classification of imported goods - plastic regrind - waste or not - restricted goods or prohibited goods - The Tribunal acknowledges the restrictions on the import of...

Foreign exchange gain taxability - restatement of foreign currency loan - AO directed to grant deduction of notional exchange loss in the subsequent assessment years - AT

Interest – territorial jurisdiction – determination of the appellate forum based upon the situs of the Tribunal would lead to a anomalous result - HC

Demand of service tax - The appellant argued that it was engaged in the construction of false ceilings and was a sub-contractor for the main contractor, who had...

Quick Updates: