SUPREME COURT OF INDIA Trustees of H.E.H. the Nizam’s Supplemental Family Trust v. Commissioner of Income-tax D.P. WADHWA AND S.S. MOHAMMED QUADRI, JJ. CIVIL APPEAL NO. 5395 OF 1993 FEBRUARY 16, 2000 JUDGMENT Wadhwa, J. – The question that calls for consideration is : Whether, on the facts and in the circumstances of the case, the assessment… Read More »
Held Reopening of assessment: If no assessment order is passed, there cannot be a notice for re-assessment inasmuch as the question of re-assessment arises only when there is an assessment in the first instance IN THE SUPREME COURT OF INDIA CIVIL APPELLATE JURISDICTION CIVIL APPEAL NO (S). /2016 (Arising… Read More »
Facts of the case The appellants are engaged in the business of airline catering and manufacture of cakes, pastries and chocolates liable to Central Excise Duty. They have entered into catering agreement with various airlines for supply of meal and food items in accordance with menu given by the respective airline from time to time.… Read More »
NOTIFICATION NO. SO 673(E) [F.NO.5/33/2007-CS (PART)], DATED 4-3-2016 In exercise of the powers conferred by clause (a) of section 54 of the Competition Act, 2002 (12 of 2003), the Central Government, in public interest, hereby exempts the ‘Group’ exercising less than fifty per cent. of voting rights in other enterprise from the provisions of section… Read More »
NOTIFICATION NO. SO 674(E) [F.NO.5/33/2007-CS (PART)], DATED 4-3-2016 In exercise of the powers conferred by clause (a) of section 54 of the Competition Act, 2002 (12 of 2003), the Central Government, in public interest, hereby exempts an enterprise, whose control, shares, voting rights or assets are being acquired has either assets of the value of… Read More »
CBDT sets-up a Dedicated Structure for delivery and monitoring of Tax Payer Services in the Income Tax Department Grievance redressal is a major aspect of citizen centric governance and is an important feature of the activities of the Income Tax Department. The Income-tax Department is addressing grievances through a multi-layered grievance redressal machinery including Centralised… Read More »
Procedure for selection of Special Public Prosecutors (SPPs) for handling CBEC cases before the Subordinate Courts/Courts of Session and High Court
ITAT – Lucknow M/s Juhi Alloys Pvt. Ltd. Vs. CIT, I.T.A. No. 368/Lkw/2015, Date of Order: 24.02.2016, Issue: Whether provisions of Section 263 of the Income Tax Act, 1961 can be invoked only in the cases of lack of enquiry by the Assessing Officer and not in the case of inadequate enquiry by the Assessing… Read More »
Held In the present case,petitioner had simply not responded to the show-cause notice issued by the adjudicating authority. We have noticed that after receipt of show-cause notice, for months together, petitioner filed no reply. The order of adjudication came to be passed more than a year later. At no point of time, the petitioner… Read More »
Issue Whethe the rental income is to be assessed in the hands of appellant-individual just because the PAN number of the appellant-individual has been indicated instead of PAN of HUF in the TDS certificate given by the Tenant ? Held HUF is a person for the purposes of assessment under the Act and as such… Read More »