FROM THE PACKAGE

Asian Ply Wood Industries v. CCE&ST

Section 11B

Where refund was sanctioned beyond the period of three months, interest had to be paid for the period beyond three months and the date for completion of three months has to be computed from the date of original application of refund claim…

PWS Engineers Ltd. v. Dy. CIT

Section 40A(2)

Where remuneration paid to directors was taxed in their hands at the same rate at which company was liable to pay tax then there was no point in disallowing the same under section 40A(2) and taxing again in hands of company…

Vikas Keshav Garud v. ITO

Section 23(1)(c)

Where assessee intended to let out the property and made efforts therefor but failed to let out the annual value was zero being the actual rent received as per section 23(1)(c). AO was not justified in applying section 23(1)(a)…

Cranes & Structural Engineers v. CCE

Rule 6(3)

Where assessee was removing goods on payment of duty and also claiming exemption and did not maintain separate books of accounts, it could not be held that assessee had no other option but to accept and apply rule 6(3)(i)…

Control Products v. CCE

Rule 9

Where there was no dispute regarding receipt of inputs and payment of duty on the final product and eligibility of assessee to avail of Cenvat credit on the duty paid on inputs, Cenvat credit on photocopy of the courier bill of entry…

Bank of India v. ACIT

13 July 2016

The capital issue expense was capital in nature and thus needs disallowance. The plea of the assessee was that the increase was mandatory to run the business due to capital adequacy norms of RBI…

Damodar Valley Corporation v. Dy. CIT

Section 32 r/w section 263

Company engaged in generation and distribution of electricity entitled to additional depreciation even prior to 1-4-2013 as stated in section 32(1)(iia) of Income Tax Act, 1961…

   Recent CaseLaws

  Select Product   

# by DOJ more...

Latest Statutes

more...