Summary of DT Additional Case Laws for Nov2011

Summary of DT Additional Case Laws for Nov2011

Summary of IDT Additional Case Laws for Nov2011

Summary of IDT Additional Case Laws for Nov2011

Admin's wishes.. !

CA Ruchi Lodha Mam.. Your Commitment, Dedication, Excellence & Devotion for the Education & Students..! Colour of all these, made you to complete the ENTIRE SYLLABUS including TAXTION OF HUF, NON-RESIDENT, TRICKS to learn EACH & EVERY SECTION NUMBER, Questions of Last 20 EXAMS of CA & CS through a GAME etc. just in TWO MONTHS & 1Day as you committed.. Regular Test after EACH CHAPTER & CUMULATIVE TEST Series provides a gr8 support about how to write in exams to secure the maximum marks.. & many congratulations as one of your student got 97.14% in SHAYVIDZ EXAMWAVES (Test Series of SHAYVIDZ).. & Your Comprehensive Book of Taxation that you use to teach has made very easier to understand the concepts.. Keep up the good work.. ! Keep Rocking.. !!!!

Admin's wishes.. !

Sumer Purohit Sir.. Great work.. Your 7 years teaching experience has placed another milestone of excellence in Accounting Standards.. Only the excellency can do this awesome work of completing the Entire AS (including PRACTICAL ASPECTS and PAST EXAM QUESTIONS OF LAST 15yrs) of IPCC Group-I in just THREE DAY'S 3 hrs lecture i.e. in 9hrs...

Recent Case Laws IDT - UOI v. Ind-Swift Laboratories Ltd. 2011 (SC)

UOI v. Ind-Swift Laboratories Ltd. 2011 (SC)

It is clear & unambiguous that interest ON IRREGULAR CREDIT under Rule 14 of CCR, 2004 is payable when CENVAT Credit is

1. Taken wrongly, OR

2. Utilized wrongly, OR

3. Erroneously refunded

Recent Case Laws IDT - Usha Rectifiers Corpn. (I) Ltd. v. CCEx., New Delhi 2011 (SC)

Usha Rectifiers Corpn. (I) Ltd. v. CCEx., New Delhi 2011 (SC)

Assembling of TESTING EQUIPMENTS, shown as addition in P&M in Balance Sheet & Substantiated in Director's Report, to avoid importing to save foreign exchange, confirmed that such equipments were saleable & marketable, hence liable for Excise Duty.

Recent Case Laws - Excise - Medley Pharmaceuticals Ltd. v. CCE & C., Daman 2011 (SC)

Medley Pharmaceuticals Ltd. v. CCE & C., Daman 2011 (SC)

Prohibition on sale of physician samples under Drug Act did not have any bearing or effect on levy of Excise Duty as both the act operates separately. Hence, physician samples were excisable & liable to Excise Duty.

Recent Case Laws - Excise - Nicholas Piramal India Ltd. v. CCEx., Mumbai 2010 (SC)

Nicholas Piramal India Ltd. v. CCEx., Mumbai 2010 (SC)

Short Shelf-life of any product could not be equated with no shelf-life for the purpose of marketability test. Product with shelf-life of 2 to 3 days was marketable & hence excisable.

IDT Recent Case Laws - CCus. (Prev.), Mumbai v. M. Ambalal & Co. 2010 (SC)

CCus. (Prev.), Mumbai v. M. Ambalal & Co. 2010 (SC)

SMUGGLED GOODS could not be considered as IMPORTED GOODS for the purpose of benefit of the exemption notification. Two Separate definitions of S-Goods & I-Goods in Customs Act.

IDT Recent Case Laws - CCus. Chennai v. BPL Ltd. 2010 (Mad.)

CCus. Chennai v. BPL Ltd. 2010 (Mad.)

The Certificate, from a CA, of not passing the incidence of duty paid, is merely a piece of evidence acknowledging certain facts only & NOT A SUFFICIENT EVIDENCE for claiming refund u/s 27 of Customs Act.