CIVIL, Taxation

Offences and Prosecution under Income Tax Act 1961

Section - 275A : Contravention of order made under sub-section (3) of section 132 Section - 275B : Failure to comply with the provisions of clause (iib) of sub-section (1) of section 132 Section - 276 : Removal, concealment, transfer or delivery of property to thwart tax recovery Section - 276A : Failure to comply… Continue reading Offences and Prosecution under Income Tax Act 1961

CIVIL, Taxation

Appeal and revision under Income Tax Act 1961

Section - 246 : Appealable orders Section - 246A : Appealable orders before Commissioner (Appeals) Section - 247 : Appeal by partner Section - 248 : Appeal by a person denying liability to deduct tax in certain cases Section - 249 : Form of appeal and limitation Section - 250 : Procedure in appeal Section… Continue reading Appeal and revision under Income Tax Act 1961

CIVIL, Taxation

Indian Oil Corporation Ltd. Vs. State of Bihar & ANR.[SC 2017 NOV]-Taxation

KEYWORDS : Entry Tax The enacting part of Section 3(2), the Appellant is certainly a dealer liable to pay tax under the VAT Act, in that it is a registered dealer falling within Section 3(1) of the said Act. Therefore, any argument based on gross turnover is wholly unnecessary to include the Appellant under Section 3(2)… Continue reading Indian Oil Corporation Ltd. Vs. State of Bihar & ANR.[SC 2017 NOV]-Taxation

Taxation

Union of India & Ors. Vs. Bengal Shrachi Housing Development Ltd. & ANR [SC 2017]

Date: November 07, 2017 • Keywords:-Taxable person vs Taxable event ⇒ It is thus clear, on a conspectus of the authorities of this Court, that service tax is an indirect tax, meaning thereby that the said tax can be passed on by the service provider to the recipient of the service. Being a tax on service,… Continue reading Union of India & Ors. Vs. Bengal Shrachi Housing Development Ltd. & ANR [SC 2017]

CIVIL, Taxation

Sedco Forex International Inc. through it’s Constituted Attorney Mr. Navin Sarda Vs. Commissioner of Income Tax, Meerut & ANR[SC 2017]

Keywords:-Non-resident assessees-Mobilization fee Section 44BB has to be read in conjunction with Sections 5 and 9 of the Act and Sections 5 and 9 of the Act cannot be read in isolation. The aforesaid amount paid to the assessees as mobilisation fee is treated as profits and gains of business and, therefore, it would be… Continue reading Sedco Forex International Inc. through it’s Constituted Attorney Mr. Navin Sarda Vs. Commissioner of Income Tax, Meerut & ANR[SC 2017]

CIVIL, Taxation

Direct Tax Made easy

Direct Tax Laws Black Money (Undisclosed Foreign Income and Assets) Imposition of Tax Act, 2015 Central Duties of Exercise (Retrospective Exemption) Act, 1986 Direct Tax Laws (Miscellaneous) Repeal Act, 2000 Expenditure Tax Act,1987 Finance Act,2013 Income Tax Act,1961 Interest Tax Act,1974 National Tax Tribunal Act,2005 Undisclosed Foreign Income and Assets (Imposition of Tax) Act,2015 Wealth… Continue reading Direct Tax Made easy

CIVIL, Taxation

INDIA US DOUBLE TAXATION AVOIDANCE TREATY

54. Agreement for avoidance of double taxation of income with USA Whereas the annexed Convention between the Government of the United States of America and the Government of the Republic of India for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income has entered into force on the 18th December, 1990… Continue reading INDIA US DOUBLE TAXATION AVOIDANCE TREATY

CIVIL, Taxation

Assistant Director of Income Tax-I, New Delhi Vs. M/s. E-Funds IT Solution Inc[ SC 2017]

KEYWORDS:-  The Organisation for Economic Co-operation and Development (OECD)-Mutual Agreement Procedures (MAP) Assistant Director of Income Tax-I, New Delhi Vs. M/s. E-Funds IT Solution Inc. [Civil Appeal No. 6082 of 2015] [Civil Appeal No. 2962 of 2016] [Civil Appeal No. 6087 of 2015] [Civil Appeal No.6102 of 2015] [Civil Appeal No. 6084 of 2015] [Civil Appeal No. 6100 of 2015] [Civil Appeal… Continue reading Assistant Director of Income Tax-I, New Delhi Vs. M/s. E-Funds IT Solution Inc[ SC 2017]

Taxation

The Commr. of Income-tax, U. P Versus Messrs Gappumal Kanhaiya Lal

AIR 1951 SC 5 : (1950) SCR 563 : (1950) 18 ITR SC 584 : (1950) SCJ 443 (SUPREME COURT OF INDIA) The Commr. of Income-tax, U. P Appellant Versus Messrs Gappumal Kanhaiya Lal Respondent (Before : Saiyid Fazl Ali, M. Patanjali Sastri, Mehr Chand Mahajan And B. K. Mukherjea, JJ.) Appeal No. 6 of… Continue reading The Commr. of Income-tax, U. P Versus Messrs Gappumal Kanhaiya Lal

CIVIL, Taxation

Commissioner of Agricultural Income-tax, West Bengal Versus Keshab Chandra Mandal[SC 1950]

AIR 1950 SC 265 : (1950) SCR 435 : (1950) 18 ITR SC 569 (SUPREME COURT OF INDIA) Commissioner of Agricultural Income-tax, West Bengal Appellant Versus Keshab Chandra Mandal Respondent (Before : Saiyid Fazl Ali, M. Patanjali Sastri, Mehr Chand Mahajan, B. K. Mukherjea And S. R. Das, JJ.) Appeal No. 88 of 1949, Decided… Continue reading Commissioner of Agricultural Income-tax, West Bengal Versus Keshab Chandra Mandal[SC 1950]

CIVIL, Taxation

Income Tax Rules Subjectwise

Law Library For Income Tax  1961 Act Click Here ACCOUNTS report of audit of, required to be furnished u/s 44AB Rule No.:6G see Books of account guidelines for the purposes of determining expenses for audit Rule No.:14B audit report in respect of, required to be furnished u/s 142(2A) Rule No.:14A ACT definition of Rule No.:2… Continue reading Income Tax Rules Subjectwise