Cenvat Credit : Liability to pay duty in respect of goods moved under Rule 4(5)(a) is on supplier of goods and not on job-worker even if said goods are not included in Notification No. 214/86
Sunday 8 March 2015
ICAI to re-adjudicate disciplinary proceedings against CA as he was held guilty ex-parte and was den
CA Act : Where a CA was held guilty of professional misconduct by Disciplinary Committee of CA institute without hearing him when he sought adjournment on medical grounds, matter was to be readjudicated
CIT(A) couldn't accept comparables chosen by assessee without allowing TPO to examine them
IT/ILT : A potential comparable having more than 25 per cent of related party transactions is to be ignored
Interest received on FDR was taxable as business receipt if FD was made in connection with finance b
IT : Where after passing special resolution of shareholders, assessee company started business of financing and investment along with trading in chemical, interest received from bank FDR and commission from sister concern was to be assessed as income from business and not as income from other sources
Department couldn’t allege suppression on assessee while issuing subsequent notices on same issues
Excise & Customs : Where all relevant facts were in knowledge of authorities when first show-cause notice was issued, while issuing second and third show-cause notices on same and similar facts, department cannot allege suppression of facts by assessee
Assessment order quashed as revenue failed to prove that it was dispatched in time with demand notic
IT : Where on basis of available evidence appellate authorities came to conclusion that assessment order was passed after period of limitation, no substantial question of law arises for consideration
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