SLP admitted against ruling that securities kept on 'HTM' could be valued on cost or market price

IT: Where High Court concluded that securities kept by assessee on basis of 'Held to Maturity' (HTM), could be valued by using method of cost or market price whichever is less, SLP filed against said decision of High Court was to be allowed

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No TDS liability on license fees paid to IRCTC for providing catering services; SLP dismissed

IT: Where assessee paid licence fee to IRCTC for granting contract of catering service without deducting tax at source and High Court took a view that it being a case of payment of licence fee by contractee to contractor, section 194C would not apply, SLP filed against said order was to be dismissed

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Oppression plea was to be rejected when respondent failed to prove allegations related to increase of share capital

CL: Where appellants had substantial shareholding in respondent company and they alleged that signatures of appellant1 obtained on blank papers in respect of some business dealings were misused, however, they failed to prove documents adverse to their claims to be false or forged, even calling for forensic evidence to testify genuineness of signature of appellant1 was not restored to, Tribunal was justified in dismissing oppression and mismanagement petition of appellants

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'Printed heat transfers' classifiable as 'Transfers (Decalcomanias)' under Heading No. 4908 90 00

GST/Excise & Customs : 'Printed heat transfers' manufactured by assessee classifiable under Heading No. 4908 90 00 and not under Heading No. 4901 10 20 or Heading No. 4911 91 00

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AO was justified in restricting provision for warranty as 'Apple' wasn't evaluating it at year end

IT : Where assessee-company created provision for warranty but there was no reversal after expiry of relevant period based on actual utilisation, Revenue Authorities were justified in restricting amount of allowable provision at 2.14 per cent of sale as adopted in earlier years

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Presence of several procurers in soil testing services market rules out dominance of OP: CCI

Competition Act: Where entities providing soil testing services for agricultural purposes had an option to provide such services to other entities and sectors, OP procuring such services could not be said to be dominant in relevant market for provision of soil testing services in territory of India

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Notification No. 56 /2018 [F.No. 300196/45/2017-ITA-I] / SO 4983(E)

Publish Date : Wednesday, September 26, 2018

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