Industrial camera used as printing machine falls under Entry No. 75 of Part A of Schedule II to Guja

CST & VAT: Where assessee was engaged in business of manufacturing industrial camera, which was used by printers as one of printing machine, such camera would fall under Entry No. 75 of Part A of Schedule II to Gujarat Sale Tax Act, 1969

Mere non-mentioning of block period in block assessment notice won't vitiate proceedings under sec.

IT : Non-mentioning of block period in notice issued under section 158BC would not invalidate notice nor would vitiate proceedings as one without jurisdiction

Prior to 18-4-2006, services received in India from outside India wasn't taxable under reverse charg

Service Tax : Services provided from outside India and received in India are taxable only from 18-4-2006 after introduction of section 66A; they cannot be taxed under reverse charge for period prior thereto

Sec. 80-IA relief given on owning of/maintenance of Container Freight Station as it was an infrastr

IT: Assessee could claim deduction under section 80-IA even in absence of any specific agreement with government if it had complied with all terms and conditions

Selection Committee of Competition Appellate Tribunal to recommend names for vacancy in order of mer

COMPETITION ACT : Competition Appellate Tribunal (Term of The Selection Committee and The Manner of Selection of Panel of Names) Amendment Rules, 2014 – Substitution of Rule 5

No denial of working capital adjustment on ground that capital deployed by comparables wasn't ascert

IT/ILT : Where TPO made adjustment to assessee's ALP in respect of rendering software development services to its AE, in view of fact that some of comparables were inappropriate on account of functional difference, merger etc., impugned adjustment was to be set aside

Construction of river reservoir amounts to Commercial or Industrial Construction Services

Service Tax : Construction of river reservoir and raising heights thereof does not amount to 'Site Formation and Clearance, Excavation and Earthmoving and Demolition Services'; it is Commercial or Industrial Construction Services and is not eligible for abatement, as land and electricity was provided free to assessee

Applicant's claim on property of liquidating-Co. was time-barred as it failed to execute conveyance

CL : Where applicant did not take any steps for execution of conveyance deed for 3 years in respect of property of company in liquidation, applicant's claim was barred by limitation

SEZ developer got sec. 80-IAB relief on sale of bare shell structure of building to co-developer

IT : If a developer of SEZ develop and transfer a bare shell structure of building to a co-developer, such an activity would be an authorized activity under SEZ Act eligible for deduction under section 80-IAB

Notice for sale of land was valid as transferor failed to prove that transfer wasn’t made to defraud

CST & VAT : Where Assessing Officer in order to recover arrears of tax due from one 'B' had attached his land and thereafter 'B' had sold said land to assessee, since 'B' had not discharged initial onus showing that transfer of land was not with intention to defraud revenue, action of Assessing Officer putting charged land to sale could not be faulted

Non-recording of huge quantity of finished goods in SLA attracts penalty and confiscation

Excise & Customs : In case of non-accountal of huge quantities of only few varieties of finished products, for which no sufficient explanation is furnished, department may impose confiscation and penalty under rule 25 of Central Excise Rules, 2002

HC treats exp. on issuance of bonds as revenue in nature as they were issued for carrying out financ

IT : Lease equalisation charges cannot be reduced while calculating profits

Defects in memorandum of appeal were rectifiable if appeal was solely rejected due to defects and no

CST & VAT : Where Appellate Authority rejected appeal of assessee on account of defects in memorandum of appeal and not on merits, assessee was permitted to rectify defects in memorandum of appeal

Market development allowance received by co-operative society was eligible for sec. 80P relief, says

IT : Grant received by assessee-society from Government as market development allowance is business income eligible for deduction under section 80P

Capital loss on sale of industrial unit couldn’t be set off from profits of sale of separate busines

IT: Where polymer manufacturing unit at Vizag and industrial land in Gujarat were separate properties, loss suffered in one transaction could not be set off against profit made in another transaction

Delay due to wrong advice of authorized representative couldn’t be condoned without filing his affid

Excise & Customs : Where delay is claimed to have been incurred on account of wrong advice of authorised representative, who was ex-employee of Department, said delay cannot be condoned without supporting affidavit of such representative

HC directed Liquidator to pay off interest on claims of ex-employees of liquidating-Co.

CL: Where applicant sought for payment of interest on claims of ex-employees of company-in-liquidation, Official Liquidator was directed to declare rate of interest and pay same