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Last Updated : Monday 13th October, 2014 - 3:05pm

 Amendment in ANF 2A of Handbook of Procedure Vol. I (Appendices and Aayat Niryat Forms), 2009-2014. Continue reading | Rs 83,000 crore revenue lost on SEZs in 6 years Continue reading | Routing of funds raised abroad to India- RBI issues guidelines Continue reading | Anti-dumping duty imposed on imports of Digital Versatile Discs-Recordable (DVD-R and DVD-RW) originating in or exported from the People's Republic of China, Hong Kong and Chinese Taipei for 5 years Continue reading | Anti-dumping duty imposed on imports of Diclofenac Sodium originating in or exported from the People's Republic of China for 5 years Continue reading | Anti-malarial drugs, diagnostics etc. for Intensified Malaria Control Project exempted from Central Excise and Customs duty Continue reading | Exemption from excise duty goods required for the Intensified Malaria Control Project funded by GFATM. Continue reading | Modification of SION A-1475 and SIONs A-1839, A-1841 and A-1842. Continue reading | Acquisition/Transfer of Immovable property - it is clarified that transactions involving acquisition of immovable property under these regulations shall be subject to the applicable tax laws in India. Continue reading | Export of Goods/Software/Services - period of realization and repatriation of export proceeds shall be nine months from the date of export for all exporters including Units in SEZs, Status Holder Exporters, EOUs, Units in EHTPs, STPs & BTPs until further notice. Continue reading |
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Category Archives: High Court Orders

High Court Orders

2014-ITS-1576-HC- Commissioner of Income-tax-11 -Vs- N.G.C. Network (India) (P.) Ltd. , On. N.G.C. Network (India) (P.) Ltd. , On. OCTOBER  13, 2014 

Payments made by resident agent to residents by way of ad spends are not international transactions u/s 92 Continue reading

2014-ITS-1566-HC- Vodafone India Services (P.) Ltd. -Vs- Union of India , On. OCTOBER  10, 2014 

Alleged short-fall in security premium couldn’t be charged to tax; Chapter X doesn’t include a charging provision: HC Continue reading

2014-ITS-1553-HC-Commissioner of Custom & Central Excise, kanpur -Vs- J.P. Transformers , decided on 8-10-2014 

Extension of Stay Order – CESTAT empowered under Section 35C(2A) to grant stay of recovery for 365 days pending appeal before it. It is not empowered to grant extension. Tribunal directed to decide appeal within 6 months, for the same duration waiver of pre-deposit extended. Appeal allowed. Continue reading

2014-ITS-1531-HC-New Holland Tractors (India) (P.) Ltd. -Vs- Commissioner of Income-tax, Delhi -V , On. SEPTEMBER  25, 2014 

Where assessee, a subsidiary of US based company, entered into an agreement during relevant year whereby it received certain amount as licence fee for granting right to use technology relating to manufacturing a particular model of tractor for three years, in view of fact that after execution of agreement, no services or know-how was to be supplied during next three years, entire licence fee was to be taxed in assessment year in question even though payment had to be deposited in escrow account and it was only after successful completion of legal formalities and mutual obligations, deposit was to be received and appropriated by assessee Continue reading

2014-ITS-1532-HC-All India Federation of Tax Practitioners -Vs- Central Board of Direct Taxes, Government of India, Ministry of Finance (Dept. of Revenue) , On. SEPTEMBER  24, 2014 

Now the Madras High Court directs CBDT to extend the due date for filing return to November 30, 2014 Continue reading

2014-ITS-1533-HC-Director of Income-tax (International Taxation)-II -Vs- Panalfa Autoelektrik Ltd. , On. SEPTEMBER  18, 2014 

Commission paid by assessee to its foreign agent for arranging of export sales and recovery of payments could not be regarded as ‘fee for technical services’ under section 9(1)(vii) and, thus, assessee was not liable to deduct tax at source while making said payment Continue reading

2014-ITS-1601-HC-Tech mahindra Ltd. -Versus - COMMISSIONER OF C. EX., PUNE-III , decided on 15-9-2014 

There is no privity of contract between its subsidiaries and overseas customer. During the period in dispute, the appellant have treated such services as Export and filed for refund claims for cenvat credit under Rule 5 of CCR, 2004 read with Notification no. 5/2006-CE dt. 14/3/2006. Held that through there is no privity between subsidiary and overseas customers but the situs of services and provision is both abroad. The services has been held to be not to be provided by the appellant but the subsidiaries of it located outside. Continue reading

2014-ITS-1534-HC-Smt. Kokilaben D. Ambani -Vs- Commissioner of Income-tax, Mumbai City -VI, Mumbai , On. SEPTEMBER  11, 2014 

At the time of determining Annual Letting Value of properties, which are subject to Rent Control Act, it is the duty of AO to determine standard rent if it isn’t fixed under Rent Control Legislation Continue reading

2014-ITS-1632-HC- Commissioner of Income-tax -Vs- Sanjeev Kumar Agarwal* , On. AUGUST  25, 2014 

Huge cash in hands of vendors and corresponding withdrawals by purchasing of land by assessee to be verified for making addition in hands of assessee Continue reading

2014-ITS-1631-HC- Commissioner of Income-tax, Coimbatore -Vs- Kikani Exports (P.) Ltd.* , On. AUGUST  25, 2014 

 Where assessee company paid commission to its non resident agents for services rendered for completion of its export commitment, assessee would not be liable to deduct TDS on said payment made Continue reading

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