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Penalty u/s 77 & 78 Finance Act 1994, not to be levied if Taxpayer suo-motu deposited Service Tax before being prompted by Department
Return filed in response to reopening notice, even if assessed de hors any variation, warrant imposition of penalty u/s 271(1)(c)
Reinsurance premium received by Irish insurer from Indian insurers not taxable in India in absence of its PE
Income from agreement for sale simply to camouflage real transaction to avoid tax payment, attracts Sec 56(2)(vii)(b)
Cenvat credit cannot be denied on inputs solely because they had erroneously been entered as finished goods in RG-1 register
It is for claimant of SSI exemption & Cum duty to show that value shown in invoices is inclusive of duty payable
Once VAT returns stands accepted without any allegation of manipulation to reflect inflated cash deposits, no addition warranted u/s 68
Receipts from services of background screening & investigation of potential employees neither royalty nor FTS
TPO cannot aggregate transactions with separate AEs in different jurisdictions
Discounted Cash Flow based consideration for share-sale more than NAV cannot be tinkered
