CBDT releases new ITR form to declare Assets & Liabilities
Central Board of Direct Taxes (CBDT) has released new income-tax return forms with mandatory provisions of declaring Assets & Liabilities...
Ensure no unnecessary delay in the filling up of the posts of President & Vice President of CESTAT; Delhi HC to Centre [READ ORDER]
The Delhi High Court has directed Central Government to ensure no unnecessary delays in filling up of vacancies in Customs Excise and Service Tax Appellate Tribunal(CESTAT). The Court has also...
Re-Opening of Assessment of Accrual Income is illegal; SC quashes notice u/s 148 Seeking Re-assessment of Income for the FY 1989-90
The Supreme Court recently quashed a notice seeking re-assessment u/s 148 of the Income Tax Act alleging that the same was issued without jurisdiction and authority of law. The premises belonging to...
Tribunals are the Final Fact Finding Authorities- High Court cannot intervene in such matters; Supreme Court [DOWNLOAD JUDGMENT]
The Division Bench of the Supreme Court comprising of Justice Ranjan Gogoi and Justice Prafulla C. Pant in the case, M/s Ganapati & Co. Bangalore v. CIT Bangalore upheld the power of the Income...
Transfer of Goods to the Sister Concern will not Amount to “Sale” for the purpose of Excise Duty; SC [DOWNLOAD JUDGMENT]
The Supreme Court Division Bench comprising of Justice A.K. Sikri and Justice R.F. Nariman today, in the case, Commissioner of Central Excise, Raigad v. M/s Ispat Metallics Industries Ltd v. Ors,...
![Transfer of Goods to the Sister Concern will not Amount to “Sale” for the purpose of Excise Duty; SC [DOWNLOAD JUDGMENT]](/images/placeholder.jpg "Transfer of Goods to the Sister Concern will not Amount to “Sale” for the purpose of Excise Duty; SC [DOWNLOAD JUDGMENT]")
Income arises from off-shore supply of goods cannot be Taxable in India; Delhi HC [DOWNLOAD JUDGMENT]
A Delhi High Court bench comprising of Justice S.Muralidhar and Justice Vibhu Bakhru held that Income aroused from the off-shore supply of goods cannot be taxable in India. The Delhi High Court, in a...