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Merely because there is a time gap between withdrawal of cash and its further deposit to the bank account, the amount cannot be treated as income from undisclosed sources u/s 69 of Income-tax, Act 1961[ITO vs. Mrs. Deepali Sehgal, I.T.A No. 5660/Del/2012, ITAT - Delhi].
Reimbursement expenses not includible in assessable value of services when bills are in the name of service recipient [Venkatesh Merchantiles (P.) Ltd. vs. Commissioner of Central Excise and Service Tax, Bhopal, (2014)].
Exchange of property without determining any consideration, is not equal to purchase or sale of property [ITO vs. Smt. Tripta Shahani, I.T.A. No. 459/LKW/2009, ITAT - Lucknow].
Input service credit is available to service receiver even when service provider had deposited the Service tax belatedly[General Manager, BSNL vs. Commissioner of Central Excise, Lucknow, (2014)].
Reimbursement expenses not includible in assessable value of services when bills are in the name of service recipient [Venkatesh Merchantiles (P.) Ltd. vs. Commissioner of Central Excise and Service Tax, Bhopal, (2014)].
Exchange of property without determining any consideration, is not equal to purchase or sale of property [ITO vs. Smt. Tripta Shahani, I.T.A. No. 459/LKW/2009, ITAT - Lucknow].
Input service credit is available to service receiver even when service provider had deposited the Service tax belatedly[General Manager, BSNL vs. Commissioner of Central Excise, Lucknow, (2014)].