Transaction value and connected person treatment in excise valuation: proprietary concerns not inter connected undertakings, relief on valuation and c...
Appointment of Registrars as adjudicating officers under Companies Act reallocates territorial jurisdiction and sets appeal route to Regional Director...
Composite supply of drilling services and site specific chemicals characterised as composite supply; prior advance rulings set aside, tax rate left op...
Cross country pipeline classification and ITC entitlement: pipelines outside factory treated as immovable, ITC disallowed under Section 17 restriction...
Conversion of Government loan liability and accrued interest into equity by allotment of shares was held not to constitute remission or cessation of liability, so no deemed income arose under s.41(1)(a); deletion of the addition was sustained in favour of the assessee. Contributions to a provident/pension fund could not be disallowed as to an unapproved fund once statutory recognition was granted post-amalgamation, since recognition was held to relate back to the effective amalgamation date; relief was granted to the assessee. Provision for insurance fund/no-fault liability was allowable only to the extent of actual payments pursuant to statutory liability or court orders; the revenue succeeded. Set-off under s.72A was allowed as the amalgamated entity owned an "industrial undertaking" by virtue of bus-body manufacture and compliance with prescribed confirmations; assessee succeeded. Share capital increase expenses were capital in nature; revenue succeeded - HC
Conversion of Government loan liability and accrued interest into equity by allotment of shares was held not to constitute remission or cessation of liability, so no deemed income arose under s.41(1)(a); deletion of the addition was sustained in favour of the assessee. Contributions to a provident/pension fund could not be disallowed as to an unapproved fund once statutory recognition was granted post-amalgamation, since recognition was held to relate back to the effective amalgamation date; relief was granted to the assessee. Provision for insurance fund/no-fault liability was allowable only to the extent of actual payments pursuant to statutory liability or court orders; the revenue succeeded. Set-off under s.72A was allowed as the amalgamated entity owned an "industrial undertaking" by virtue of bus-body manufacture and compliance with prescribed confirmations; assessee succeeded. Share capital increase expenses were capital in nature; revenue succeeded - HC
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