Search Results for Tag : Value
Statute
Delhi High Court (Amendment) Act, 2015(11.08.2015)
The Delhi High Court (Amendment) Act, 2015 became Act No. 23 of 2015. It amends the Delhi High Court Act, 1966, raising the value of suits in which th.....
Tags : delhi high court, district court, suit value
Judgments
SC judgments not relevant in assessments made since inception of 1994 MCD bye-laws(11.08.2015)
The Municipal Corporation of Delhi can lay down the annual rateable value of property, under the exception that the bye-laws of 1994 permitting such a.....
Tags : rateable value, delhi, municipal
SC judgments not relevant in assessments made since inception of 1994 MCD bye-laws(11.08.2015)
The Municipal Corporation of Delhi can lay down the annual rateable value of property, under the exception that the bye-laws of 1994 permitting such a.....
Tags : rateable value, delhi, municipal
Declared price/transaction value is required to be accepted unless there are valid reasons for rejection of such value(18.01.2019)
Present two Appeals have been filed by Revenue from the common impugned order passed by the Commissioner of Customs (Appeals), by which Commissioner a.....
Tags : Assessable value, Determination, Validity
Transactions valued below minimum circle rate to be registered(23.12.2015)
The Delhi High Court disposed of petitions against a government order purporting to take away the Registering Officer’s discretion to register propert.....
Tags : Stamp act, minimum circle value, transaction value
Excluding value of packing material illegal in conditional return(06.08.2015)
Not including the value of packing materials used to transport goods in the final sale price of goods is illegal, in the absence of an arrangement to .....
Tags : excise, value, packing material
Levy of VAT on the sale price of transaction yet to take place not sustainable in law(04.08.2015)
The Delhi High Court struck down Explanation 2 to Section 2 (1) (zd) of the Delhi Value Added Tax (Fourth Amendment) Act, 2012 as being ultra vires t.....
Tags : value added tax, delhi, sale, ultra vires
Quantity of goods actually imported not bill lading to determine value of goods imported(02.09.2015)
Levy of import duty can be imposed only on imported goods, not on goods that escaped payment of duty. In the instant case, the Assessee had not paid i.....
Tags : Import, quantity, bill of lading, value
Difference between sales tax charged and NPV paid not includible as transaction value(06.10.2015)
Distinguishing three judgments of the Supreme Court that the difference between amounts collected by Assessee from its customers as sales tax and the .....
Tags : excise, sales tax, net present value, transaction value
Top Story
Reserve Bank of India releases draft direction on the prudential framework applicable to financing of project loans(03.05.2024)
With a view to strengthen the extant regulatory framework governing project finance and to harmonise the instructions across all regulated entities, R.....
Tags : RBI, Net Present Value, NPV
Notifications & Circulars
Insolvency and Bankruptcy Board of India commences conduct of online valuation examinations for registration of Valuers(30.03.2018)
Insolvency and Bankruptcy Board of India (IBBI) is commencing on tomorrow, 31st March, 2018, the conduct of online Valuation examination related to fo.....
Tags : Online examinations, Registration, Valuers
Companies (Registered Valuers and Valuation) Amendment Rules, 2022(22.11.2022)
In exercise of the powers conferred by section 247 read with sections 458, 459 and 469 of the Companies Act, 2013 (18 of 2013), the Central Government.....
Tags : Registered Valuers, Valuation, Amendment, Rules
Extending value-added services through ATMs(23.03.2016)
The Reserve Bank of India has permitted Primary (Urban) Co-operative Banks and State Co-operative Banks to offer all their products and services throu.....
Tags : Atm, value added services, co-operative bank
Denomination of the notes of value of Rs 200 specified(23.08.2017)
In exercise of the powers conferred by Sub-section (1) of Section 24 of the Reserve Bank of India Act, 1934 and on the recommendations of the Central .....
Tags : Denomination, Notes of value of Rs 200
News
CESTAT: Value of Scrap Generated After Manufacture Not Includable in Assessable Value(13.06.2022)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that the value of scrap arising during the process of manufacture and retained by.....
Tags : CESTAT, Scrap, Assessable Value
CBDT Issues New Income Tax Reporting Norms for High Value Transactions(04.01.2016)
Central Board of Direct Taxes (CBDT) has notified norms under which cash receipts and high value transactions beyond a certain threshold will have to.....
Tags : Central Board of Direct Taxes, High Value Transactions
Madras HC: Assessment Solely on Basis of Case Study is Invalid Under TNVAT Act(01.11.2017)
Madras High Court has held that the case study, though can be a reason for Revision Notice, cannot be the sole basis for completing assessment for the.....
Tags : Madras High Court, Value Added Tax
Supreme Court: Value of Software and Concerned Services to Form Part of Imported Machine(14.10.2019)
Supreme Court has ruled that the value of software and the concerned services are to be taken as a part of the importation. The Court observed that th.....
Tags : Supreme Court, Value of Software
AAR, Tamil Nadu: Value of Apartments Deemed Equal to Amount Charged for Similar Apartment(10.09.2021)
Authority of Advance Ruling (AAR), Tamil Nadu has ruled that the value of construction in respect of Apartments shall be deemed to be equal to the Tot.....
Tags : Authority of Advance Ruling, Value of Apartments
SC: Trees to Be Valued Separately When Acquired Land Value is Determined with Reference to Sales Stat(13.09.2021)
Supreme Court has observed that the trees have to be valued separately in a case where the land value for the purpose of its acquisition is determined.....
Tags : Supreme Court, Acquired Land Value
Telangana HC Holds Telangana Value Added Tax (Second Amendment) Act, 2017 to be Unconstitutional(15.07.2022)
Telangana High Court has held that the Telangana Value Added Tax (Second Amendment) Act, 2017 is unconstitutional.
Tags : Telangana High Court, Value Added Tax, Unconstitutional
Delhi HC Upholds Validity of Rule 3(2) Of Companies (Registered Valuers & Valuation) Rules(12.02.2019)
Delhi High Court has upheld validity of Rule 3(2) of the Companies (Registered Valuers and Valuation) Rules, according to which no partnership entity .....
Tags : Delhi High Court, Companies (Registered Valuers & Valuation) Rules
Bihar Govt. Levies Luxury Tax on Samosas, Kachoris , Namkeens Etc.(14.01.2016)
Bihar Govt. has decided to impose Value Added Tax of 13.5% on a host of items counted as luxury products, including sweets costing more than Rs.500 a .....
Tags : Bihar Govt. , Value Added Tax, Samosas, Kachoris, Namkeens
Delhi HC: Obligation on Banks and Financial Institutions to Maximise Value of Securities(06.09.2021)
Delhi High Court has held that there is an obligation on banks and financial institutions to maximize value of the securities furnished to them by bor.....
Tags : Delhi High Court, Maximise Value of Securities
Supreme Court: No IBC Provision that Resolution Plan Should Match Liquidation Value(28.01.2020)
Supreme Court has held that there is no requirement under the Insolvency and Bankruptcy Code (IBC), 2016 that the resolution plan should match the liq.....
Tags : Supreme Court, Resolution Plan Not to Match Liquidation Value
Delhi HC Grants Time to Frame Rules to Deal with High Value Cases In Debt Recovery Tribunals(25.11.2021)
Delhi High Court has granted six weeks time to the Central Government for coming up with the Rules to deal with high value cases, where the recovery i.....
Tags : Delhi High Court, High Value Cases In Debt Recovery Tribunals
Tripura HC Orders Govt. to Grant Reimbursement as per Tripura Industrial Investment Promotion Scheme(19.02.2020)
Tripura High Court has directed the State Government to grant reimbursement of Value Added Tax as per the Tripura Industrial Investment Promotion Ince.....
Tags : Tripura High Court, Reimbursement of Value Added Tax
ITAT, Pune: Stamp Value Would be Full Consideration Only if Payment Made Through Bank(02.03.2020)
Income Tax Appellate Tribunal (ITAT), Pune has observed that the stamp value on the date of agreement to sell shall be considered as full value of con.....
Tags : Income Tax Appellate Tribunal, Stamp Value
CESTAT: Pre-Delivery and After Sale Service Charges Not included in Assessable Value of Vehicle(10.11.2021)
Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Mumbai has held that the pre-delivery and after sale service charges cannot be included i.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, Assessable Value of Vehicle
Delhi HC: Trademark's Value Can Be Estimated in Monetary Terms as Proprietor Invests in Publicity(31.10.2022)
Delhi High Court has held that trademark has an investment function which is to preserve the investments made by a proprietor of a trademark in public.....
Tags : Delhi High Court, Trademark, Monetary Value
P&H HC: Whatsapp Messages Not to Have Any Evidentiary Value(18.01.2021)
Punjab and Haryana High Court has observed that WhatsApp messages will have no evidentiary value unless they are certified as per Section 65B of the I.....
Tags : Punjab and Haryana High Court, Evidentiary Value of Whatsapp Messages
AAR, Tamil Nadu: Applicant Can Adopt Methods to Arrive at Value of Supply to Distinct Persons(20.01.2021)
Authority of Advance Ruling (AAR), Tamil Nadu has ruled that the applicant can adopt methods provided under Rule 28 read with Section 15 of the Centra.....
Tags : Authority of Advance Ruling, Value of Supply to Distinct Persons
AAR, Tamil Nadu: Applicant Can Adopt Methods to Arrive at Value of Supply to Distinct Persons(20.01.2021)
Authority of Advance Ruling (AAR), Tamil Nadu has ruled that the applicant can adopt one of three methods to arrive at the value in respect of supply .....
Tags : Authority of Advance Ruling, Value of Supply to Distinct Persons
SC: Purpose of Land Acquisition is a Relevant Factor for Determining Market Value(10.11.2022)
Supreme Court has held that the purpose for which the land acquisition is made is also a relevant factor for determining the market value.
Tags : Supreme Court, Land Acquisition, Market Value
CESTAT Delhi: Value of All Goods Should Be Included(04.03.2021)
Customs, Excises, and Service Taxes Appellate Tribunal (CESTAT), Delhi has ruled that the value of all goods should be included, whether the goods hav.....
Tags : CESTAT Delhi, Value, Goods
Uniform Tax Rate Under KVATA Applicable to Works Contracts Prior to 1st April 2006: SC(08.03.2018)
Supreme Court has categorically held that the works contracts prior to 1st April 2006 cannot be taxed at rates prescribed after the amendment in the K.....
Tags : Value Added Tax
Uniform Tax Rate Under KVATA Applicable to Works Contracts Prior to 1st April 2006: SC(08.03.2018)
Supreme Court has categorically held that the works contracts prior to 1st April 2006 cannot be taxed at rates prescribed after the amendment in the K.....
Tags : Value Added Tax
Delhi Government Reduces VAT on Certain Items(12.05.2016)
Delhi Government has reduced Value Added Tax (VAT) on hybrid cars, battery-operated vehicles and e-rickshaws from 12.5 per cent to 5 per cent, project.....
Tags : Delhi Government, Value Added Tax (VAT)
ITAT, Ahmedabad: Shares at Face Value by Amalgamated Company Not Covered Under Income Tax Act(16.04.2021)
Income Tax Appellate Tribunal (ITAT), Ahmedabad has ruled that the Shares at ‘face value’ by the amalgamated company to shareholders in pursuance of s.....
Tags : Income Tax Appellate Tribunal, Shares at Face Value by Amalgamated Company
Del. HC: Rule 11UA of the IT Rules, 1962 Interpreted for Determination of FMV of Shares(08.04.2024)
Delhi High Court has held that rule 11UA of Income Tax Rules, 1962(IT Rules) has been interpreted by it for the determination of fair market value (FM.....
Tags : Delhi High Court, Income Tax Rules, Fair Market Value, Rule 11UA
Cal HC: Penalty Amount on Higher Value than Invoice Value Can’t be Computed by GST Dep. w/o Evidence(29.04.2024)
Calcutta High Court has held that penalty amount on higher value than invoice value cannot be computed by Goods and Service Tax department without pro.....
Tags : Calcutta High Court, Penalty Amount, Higher Value, Invoice Value
SC: Proximity To Developed Area Relevant to Determine Market Value for Compensation(02.02.2022)
Supreme Court has observed that the market value of a land must be determined keeping in view the various factors including proximity to the developed.....
Tags : Supreme Court, Market Value for Compensation
Gujarat HC: Ledger Does Not Have Evidentiary Value Till Corroborated by Independent Entries(03.02.2022)
Gujarat High Court has held that although Section 34 of the Indian Evidence Act, 1872 does not require a specific form of corroborative evidence under.....
Tags : Gujarat High Court, Evidentiary Value of Ledger
SC: Dealer Must Prove Transaction Beyond Reasonable Doubt to Claim Input Tax Credit(15.03.2023)
Supreme Court has held that under Section 70 of Karnataka Value Added tax Act, dealer claiming Input Tax Credit on purchase ought to prove and establi.....
Tags : Supreme Court, Input Tax Credit, Karnataka Value Added tax Act
Telangana HC: Outright Rejection of Stay Application is Not Justified(26.04.2022)
Telangana High Court has held that the appellate and revisional authorities must judiciously implement their discretionary power so as to grant a stay.....
Tags : Telangana High Court, appellate, revisional authorities, Telangana Value Added Tax Act, 2005
Mad HC: Cannot Doubt Donation Unless Definite Material Evidencing Passing of Consideration Available(03.06.2024)
Madras High Court has observed that a statement by a donor that he/she is making the donation out of love and affection for the recipient must be take.....
Tags : Madras High Court, Consideration, Face Value
P&H High Court Issue Notice to Chandigarh Administration on paying of VAT on Discount Amount(19.08.2016)
P&H High Court has issued notice of motion to the Chandigarh Administration asking to file a reply as to why their order directing the automobile agen.....
Tags : P&H High Court, Value Added Tax
Govt Releases Draft Companies (Registered Valuers and Valuation) Rules, 2017(30.05.2017)
Ministry of Corporate Affairs has released Draft Companies (Registered Valuers and Valuation) Rules, 2017 with an aim to introduce a robust regulatory.....
Tags : Draft Companies (Registered Valuers and Valuation) Rules, 2017
Jharkhand HC: ITC Can be Denied on Inter-State Sale or Transfer of Stock(30.03.2022)
Jharkhand High Court has observed that Input Tax Credit can be denied under Section 18(8)(ix) of the Jharkhand Value Added Tax Act, 2005 on Inter-Stat.....
Tags : Jharkhand High Court, Input Tax Credit, Section 18(8)(ix) of the Jharkhand Value Added Tax Act, 2005
SC: Injured Witness’s Evidence has Greater Evidentiary Value(03.04.2023)
Supreme Court while reiterating principles on appreciation of oral evidence of injured eye witnesses during trial stage has observe that evidence of i.....
Tags : Supreme Court, Evidentiary Value, Injured Eye Witness, Oral Evidence
Telangana HC: Power to Grant Stay Under Telangana VAT Act is Discretionary(21.04.2022)
Telangana High Court has observed that the power of the authorities under the Telangana Value Added Tax Act, 2005 is discretionary and the same should.....
Tags : Telangana High Court, Telangana Value Added Tax Act, 2005, discretionary
Bom. HC: Goa VAT (12th Amendment) Act Violates Doctrine of Separation of Powers(24.04.2023)
Bombay High Court while observing that Goa Value Added Tax (12th Amendment) Act, 2020, is an impermissible judicial override defying doctrine of separ.....
Tags : Bombay High Court, Goa Value Added Tax, Doctrine of Separation of Powers
Gujarat HC: Section 84A of Gujarat Value Added Tax is Unconstitutional(21.04.2020)
Gujarat High Court has struck down Section 84A of the Gujarat Value Added Tax Act, 2003 holding that the provision is ultra vires and beyond the legis.....
Tags : Gujarat High Court, Section 84A Gujarat Value Added Tax Act
NCLT, Kolkata: Corporate Debtor Cannot Be Sent Into Liquidation(08.04.2022)
National Company Law Tribunal, Kolkata has observed that just because the liquidation value is being projected higher than the value of the resolutio.....
Tags : National Company Law Tribunal, liquidation value, resolution plan, Corporate Debtor, liquidation
CESTAT: Statement u/s 14 of Central Excise Act has no Evidentiary Value without Cross Examination(05.05.2022)
Customs, Excise and Service Tax Appellate Tribunal, Ahmedabad has observed that the statement made under Section 14 of the Central Excise Act, 1944 be.....
Tags : Customs, Excise, Evidentiary Value, Admissible Evidence
Allahabad HC: 4% VAT Applicable on AT-PLAST Used in Mixing of Ready Mix Concrete(09.05.2022)
Allahabad High Court by allowing the revision petition has observed that the item AT-PLAST used in mixing of ready mix concrete is taxable at the rate.....
Tags : Allahabad High Court, Uttar Pradesh Value Added Tax Act, 2008, AT-PLAST
Kerala HC: Once KVAT Registration is Cancelled, it Must be Published in Two Major Daily Newspapers(11.05.2022)
Kerala High Court has ruled that whenever a Kerala Value Added Tax registration is cancelled, it must be published in at least two major daily newspap.....
Tags : Kerala High Court, Form No.5 B, Kerala Value Added Tax, daily newspapers
Supreme Court: Definition of ‘Purchase Price’ Doesn’t Include Value Added Tax(03.08.2024)
SC has held that purchase price would be the amount of valuable consideration paid or payable for any purchase which would include amount of duties. T.....
Tags : Supreme Court, Purchase Price, Value Added Tax
Supreme Court: Definition of ‘Purchase Price’ Doesn’t Include Value Added Tax(03.08.2024)
SC has held that purchase price would be the amount of valuable consideration paid or payable for any purchase which would include amount of duties. T.....
Tags : Supreme Court, Purchase Price, Value Added Tax
CBDT Notifies Rules to Determine Fair Market Value of Inventories Converted to Capital Asset(06.09.2018)
Central Board of Direct Taxes (CBDT) has notified the rules relating to the determination of Fair Market Value of inventories converted into capital a.....
Tags : Income Tax, Market Value
J&K&L HC: Reference of Market Value of Small Plots Relevant Only in Absence of Other Materials(16.05.2023)
Jammu and Kashmir and Ladakh High Court has held that in cases where there is no other material available to assess market value of acquired land at r.....
Tags : Jammu and Kashmir and Ladakh High Court, Market Value, Small Plots, Acquired Land
‘Dangerous’ Trend of Eliminating Opposition & Liberal Values: Bombay High Court(13.10.2017)
Bombay High Court, while voicing its concern over ‘dangerous trend’ of targeting people who hold ‘liberal values and principles,’ has said that such a.....
Tags : Bombay High Court, Liberal Values