Daily Archives: May 3, 2020

Incentives granted before GST withdrawn after GST, Writ Petition dismissed as , no plea of promissory estoppel was maintainable : HC

By | May 3, 2020
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Incentives granted before GST withdrawn after GST, Writ Petition dismissed as , no plea of promissory estoppel was maintainable : HC HIGH COURT OF DELHI Hero Motocorp Ltd. v. Union of India VIPIN SANGHI AND SANJEEV NARULA, JJ. W.P. (C). 505 OF 2020 CM APPL. 1328 OF 2020 MARCH  2, 2020 S. Ganesh, Sr. Adv., Ms. Priyanka Rathi, Ms. Ashwini Chandrasekaran and Rohit… Read More »

Denying Refund is illegal if holded for cross verification of payment made : HC

By | May 3, 2020
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Denying Refund is illegal if holded for cross verification of payment made : HC In the instant case, the respondents had withheld the refund for 11 years on ground of ‘want of cross-verification details’ which is not a ground mentioned in Sec.33-C for withholding the refund due to petitioner. Sec.33-E and 33-F of the APGST… Read More »

No Tax on Accrued Interest on Govt grant received for house construction of Police Officers : HC

By | May 3, 2020
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No Tax on Accrued Interest on Govt grant received for house construction of Police Officers : HC No Tax : The income which accrued to the Assessee from the funds of the Government which were released to it were not diverted by it and could not be diverted by to any other purpose and had… Read More »

No Addition u/s 69B based on Stamp Duty Value : HC

By | May 3, 2020
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No Addition u/s 69B based on Stamp Duty Value : HC Section 69B does not permit an inference to be drawn from the circumstances surrounding the transaction that the purchaser of the property must have paid more than what was actually recorded in his books of account for the simple reason that such an inference… Read More »

Sec 10A Deduction will exclude Foreign travel exp. incurred for providing services outside India : ITAT

By | May 3, 2020
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Sec 10A Deduction will exclude Foreign travel exp. incurred for providing services outside India : ITAT IN THE ITAT BANGALORE BENCH Deputy Commissioner of Income-tax v. Yahoo Software Development (P.) Ltd. N.V. VASUDEVAN, VICE PRESIDENT AND CHANDRA POOJARI, ACCOUNTANT MEMBER ITA NO. 2510/BANG/2017 & IT(TP)A NO. 133/BANG/2018 [ASSESSMENT YEAR 2009-2010] APRIL  27, 2020 Muzaffar Hussain for the… Read More »

No reassessment if disclosure made even if some sales transactions are in Violation of Section 80IB : HC

By | May 3, 2020
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No reassessment if disclosure made even if some sales transactions are in Violation of Section 80IB : HC HIGH COURT OF BOMBAY Anand Developers v. Assistant Commissioner of Income-tax, Circle 2(1), Panaji M.S. SONAK AND NUTAN D. SARDESSAI, JJ. WRIT PETITION NO. 17 OF 2020 FEBRUARY  18, 2020 Shivan Desai, Adv. for the Petitioner. Ms. Susan Linhares, Standing Counsel for… Read More »

Technical Documents not to be included in valuation of Equipment : SC

By | May 3, 2020
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Drawings & specifications imported for post-importation activities not to be included in value of imported goods: SC SUPREME COURT OF INDIA Commissioner of Customs v. Steel Authority of India Ltd. DEEPAK GUPTA AND ANIRUDDHA BOSE, JJ. CIVIL APPEAL NO. 6398 OF 2009 APRIL  27, 2020 JUDGMENT   Aniruddha Bose, J. – The dispute in this appeal relates to… Read More »