Search Results for Tag : taxable
News
Bombay HC: Profit Element Embedded in Purchases is Subject to Tax, Not Entire Amount(23.03.2020)
Bombay High Court has held that when the Tribunal had concluded that the Assessee did make the purchase, as a natural corollary, not the entire amount.....
Tags : Bombay High Court, Profit Element Taxable
ITAT: Hire Charges Received by Owner Under ‘Time Charter Agreement’ Not Taxable As Royalty(23.01.2023)
Income Tax Appellate Tribunal, Mumbai has ruled that hire charges received by the owner of a ship for chartering its vessel under a ‘Time Charter Agre.....
Tags : Income Tax Appellate Tribunal, Time Charter Agreement, taxable
Kerala HC: Discount Received Through Credit Notes Not Part of Taxable Turnover under Kerala VAT Act(23.05.2022)
Kerala High Court has held that the discount received through credit notes is not part of the taxable turnover under the Kerala Value Added Tax Act
Tags : Kerala High Court, VAT, Taxable Turnover
AAR: Support Services to Overseas Customers are Not Export Service(06.06.2022)
Tamil Nadu Authority for Advance Ruling (AAR) has held that support services to overseas customers are not export services since the taxable territory.....
Tags : AAR, Taxable Territory, Export Service
Rajasthan HC: Police to Charge Married Couple for Police Protection if it Has Adequate Income(27.06.2022)
Rajasthan High Court has held that if the petitioner's income is more than taxable income under the Income Tax Act, Superintendent of Police after con.....
Tags : Rajasthan High Court, Taxable Income, Financial Charge
Notifications & Circulars
LPG subsidy not available to those with taxable income of over Rs. 10 lakhs(28.12.2015)
The Government has revoked the subsidy on LPG cylinders for consumers (or spouses) that had taxable income of more than Rs. 10 lakhs during the previo.....
Tags : Lpg, subsidy, 2016, taxable income
Judgments
Definition of purchase price under Gujarat Value Added Tax Act, 2003 would not include value added tax(02.08.2024)
In present matter, the Respondent dealer calculated the taxable turnover of its purchases within the State of Gujarat by excluding the amount represen.....
Tags : Taxable turnover, Liability, Assessment