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 November 2019 Year 2019 This

VDIS - identification of jewellery declared - Tribunal committed ...


Tribunal Error: Jewellery Sold by Appellants Matches VDIS Declarations; Substantial Questions of Law Favor Assessees.

November 2, 2019

Case Laws     Income Tax     HC

VDIS - identification of jewellery declared - Tribunal committed a serious error in arriving at a conclusion that items sold by the respective appellants were different from the jewellery declared under the VDIS and as such the substantial questions of law deserves to be answered in favour of the assessees

View Source

 


 

You may also like:

  1. The ITAT allowed the appellant's appeal against additions made under section 69A (unexplained money) which would have been taxable under section 115BBE. The Tribunal...

  2. AO can rely upon declaration made under VDIS

  3. HC directed CBIC to reconsider Baggage Rules 2016, particularly provisions regarding declaration of jewellery by incoming international passengers. HC observed that...

  4. The High Court dismissed the appeal filed by the assessing officer against the order of the Income Tax Appellate Tribunal, holding that no substantial question of law...

  5. Unexplained jewellery seized during search and seizure operations treated as explained based on assessee's high income and family status. Assessing Officer's addition...

  6. Rejection of application seeking amendment of the bill of entries u/s 149 - mis-declaration of the HSN Code due to clerical error - The appellant argued that the...

  7. Revision u/s 263 - source of cash found in the course of search remains unexplained and additions u/s 69A r.w. Section 115BBE - The Tribunal found merit in the...

  8. Addition under section 68 - whether the items sold were the same which were disclosed under VDIS? - Since the same quantity which was disclosed under VDIS was sold, we...

  9. Disallowance of TDS on account of mismatch & later on TDS matched but AO not given credit - Although the rectification application was filed beyond the permissible time...

  10. Grant of Interim award - stridhana property of Respondent No. 1 or not - Section 34 of the Arbitration and Conciliation Act, 1996 - The Arbitrator has committed a...

  11. CESTAT adjudicated a central excise duty dispute involving alleged undervaluation of finished products sold to a related unit. The tribunal examined prior proceedings...

  12. The Appellate Tribunal examined the denial of natural justice to the Appellant by the Adjudicating Authority, the invocation of the Deed of Guarantee circumscribed by...

  13. Valuation - Job work - inclusion of value of the scrap retained and sold by the appellants in the assessable value of the goods manufactured and cleared by the...

  14. Unexplained investment in jewellery - when Tribunal accepted such assertion which is supported by affidavits and corroborative evidences likes VDIS declaration and...

  15. Rectification of mistake - mistake apparent on the face of record or not - it cannot be stated that non-taking of notice of Email on 25.04.2021 as amounting to violation...

 

Quick Updates:Latest Updates