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🔎 Highlights - Adv. Search
    System auto-approves incentive bank account and IFSC registrations when identical IEC-bank-IFSC combo already approved, speeding processing
    Appeal allowed: employer credits treated as salary, not deemed dividend under s.2(22)(e); s.68 and s.69A additions deleted
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    Assessment order quashed; matter remanded with condition of additional 15% cash pre-deposit to total 25% within 30 days
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    Regular bail granted to accused in alleged fictitious input tax credit fraud after investigation completes and complaint filed
    Order quashes s.148 reopening under TOLA after finding substantial part of cause of action arose locally
    Assessment quashed for failing to serve mandatory draft under s.144C(1); assessee qualifies under s.144C(15)(b)(i) following TPO recommendation
    Assessee entitled to TDS credit under Section 199 read with Rule 37BA despite deductor's PAN reporting error, subject to verification
    Assessee allowed exemption under Section 11; 12A registration condoned, procedural denial overturned, income timing accepted
    Revenue appeal dismissed; deletions of bogus loan and commission upheld, section 41(1) additions deleted for lack of corroboration
    Reopening assessment based solely on a retracted statement is invalid; AO must record retraction and corroboration
    Registration under section 12A(1)(ac)(iii) granted where endowments notification substitutes for trust deed and bona fide charity proven
    Reassessment under s.148A held valid; s.69 additions totaling Rs.7,00,000 deleted after acceptable contemporaneous explanations for property investmen...

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    Case ID :
    Central Excise

    CENVAT Credit on returned / damaged goods - Rule 16 of central...

    CENVAT Credit Denied for Returned Goods u/r 16 When Re-Manufacturing is Impossible; Lack of Evidence Cited.

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    Central ExciseSeptember 30, 2014Case LawsAT

    CENVAT Credit on returned / damaged goods - Rule 16 of central excise rules, 2002 - re-winding or reconditioning of the yarn is impossibility and no credit on the return goods is admissible as returned goods could not be re-manufactured and documentary evidence is also against respondent - AT

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    ActsIncome Tax