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Saturday , April 25, 2015 | Updated : Apr 25, 20:04 IST
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NEWS FLASH
 
225 NDRF rescue workers dispatched to assist States hit by Nepal quake (See 'Breaking News') Nepal earthquake: Death toll surpasses 1200, including 50 in India No TDS if payments being made to corporations whose income is exempt u/s 10(26BBB) (See 'Circular' in What's New) CBDT directs AOs to decide cases of FIIs seeking treaty benefits within one month (See 'Instruction' in Income Tax) Online Train ticketing - Railways puts curbs to weed out touts (See 'Mixed Buzz') CX - Classification - pontoons - Tribunal held that product is not marketable and, therefore, would not attract any excise duty - This issue was not raised in reply to SCN - Tribunal to give speaking order - Matter remanded: Supreme Court (See 'Breaking News') India, Bangladesh finalise Draft Agreement to allow RSVs to carry cargo (See 'Mixed Buzz') CT - Whether in case sales of unserviceable or unclaimed goods is extremely small as compared to very large range of activities and services it is supposed to render (See '2015-TIOL-86') Sales tax - Whether when key activity of assessee is not business then any incidental transaction would amount to business only if an independent intention to carry on business is established - YES: Supreme Court (See 'Breaking News') MCA to notify Ss 125 and 132 of New Companies Act (See 'Mixed Buzz') GST Bill - Opposition seeks reference to Standing Committee; Govt says NO; Opposition walks out 47 ACITs promoted as DCITs (See 'Promotion' in Pitara) 3% fiscal deficit a challenge but Govt to focus on irrigation and infra: FM No proposal to appoint Ombudsman for complaints against Judges: Govt India to acquire Polar Research Vehicle for Rs 1050 Crore for research in Antartica (See 'Mixed Buzz') TIOL@15 - at your service (See 'DDT') I-T - Whether mere lumpsum payment in relation to lease rent and maintenance of a pipeline, is required to be apportioned over entire period of lease, for claiming deduction on the same - NO: HC (See 'Breaking News') Vessel Sharing Agreements exempted from CCI Purview for one more year (See 'Mixed Buzz') CBEC - Please Listen; Please spare us of 'registration' - Rule 11 of CER, 2002 (See 'DDT') NDPS - Appellant picked up from his house and charged with carrying poppy - convicted under NDPS - more stringent punishment, more heavy is burden upon prosecution to prove offence: Supreme Court (See 'Breaking News') Lok Sabha to Discuss GST Bill today (See 'DDT') CX - Exemption to goods supplied to Universities, National Labs - Matter remanded to consider evidence whether goods were used for research purposes: Supreme Court (See 'Breaking News') Govt to launch Online Single Return for 8 labour laws today (See 'Mixed Buzz') Whether assessee can claim Input Credit based on the invoice value even though it sells the goods to consumer at price lower than invoice price (See '2015-TIOL-1016') PM to address Panchayats today; to release Devolution Index Report (See 'Mixed Buzz') I-T- Whether stay on collection of outstanding demand, can be allowed by the Tribunal when the case was being adjourned on the ground that the similar matter was pending before HC (See '2015-TIOL-421') WHO sounds alert on life-saving vaccinations ahead of World Immunization Week (See 'Mixed Buzz') CBI registered 74 corruption cases against IAS, IPS & IRS in last 3 years: Minister Govt has no proposal to set up independent OBC Ministry: Minister Hyderabad Airport Customs seizes 7.1 kg gold worth Rs 1.9 Crore from pax coming from Dubai Sector Govt mulling over clarificatory amendments to MAT provisions; Jayant Sinha
 
   
TIOL Tube
DDT (Daily Dose of Taxation)

TIOL@15 - at your service

With VIJAY KUMAR

TIOL@15 - at your service
Published: April 24, 2015

View previous DDTs »

WHAT'S NEW
CUS
:
Not 27 NT 39-40 Cir 13,14
ADD
:
Not 15, 16 SG: 01  
EX
:
Not 22 NT 03-11 Cir 1000
S.TAX
:
Not 10,11 Cir 183  
I-T
:
Not 41 Cir 07 itinst 02
DGFT
:
Not 03 PN 06 Cir16,17
RBI
:
Cir 95 Notif  
BREAKING NEWS

New Delhi, April 25
225 NDRF rescue workers dispatched to assist States hit by Nepal quake

New Delhi, April 25
Sales tax - Whether when key activity of assessee is not business then any incidental transaction would amount to business only if an independent intention to carry on business is established - YES: Supreme Court

New Delhi, April 25
CX - Classification - pontoons - Tribunal held that product is not marketable and, therefore, would not attract any excise duty - This issue was not raised in reply to SCN - Tribunal to give speaking order - Matter remanded: Supreme Court

Mumbai, April 24
I-T - Whether mere lumpsum payment in relation to lease rent and maintenance of a pipeline, is required to be apportioned over entire period of lease, for claiming deduction on the same - NO: HC

New Delhi, April 24
NDPS - Appellant picked up from his house and charged with carrying poppy - convicted under NDPS - more stringent punishment, more heavy is burden upon prosecution to prove offence: Supreme Court

MIXED BUZZ
XCuSE Updates
XCuSE
PUZZLE TO DAZZLE
Punit Vedby PUNIT PAVAN VED CA

TCS is required to be made on sale of scrap. Whether such TCS is required on all subsequent sales.

Published: April 20, 2015

Post Answer »
THE COB (WEB)
Black Money in tax havens - UN Declaration backs India's efforts at recoveryby SHAILENDRA KUMAR

Black Money in tax havens - UN Declaration backs India's efforts at recovery
Published: April 23, 2015

View previous 'The COB(Web)s'»
TIOL EDITORIAL
India should act on IMF's generic advice on energy tax reforms by TIOL EDIT TEAM

India should act on IMF's generic advice on energy tax reforms
Published: April 21, 2015

View previous Editorials»

ICE CUBES
by NARESH MINOCHA Revise Lame-duck real estate bill to spawn employment & growth

Revise Lame-duck real estate bill to spawn employment & growth
Published: April 19, 2015

View previous ICE CUBEs »

GUEST COLUMN

Spectre of Section 35C(2A) rises again by B N GURURAJ

Spectre of Section 35C(2A) rises again
Published: April 20, 2015

View previous Guest Column(s);

ST se GST tak

'Notice Pay' charcha - Service Tax Implicationsby PRITAM MAHURE

'Notice Pay' charcha - Service Tax Implications
Published: April 22, 2015

View previous ST se GST tak(s)»

View 'ST - New Law +VE or -VE' Articles»

 
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    Legal Wrangle - Episode 9 (Direct Tax)

    In this episode of Legal Wrangle on Direct Tax, we bring you five cases on relinquishment of the right to sue as a capital asset, exemption on income from trust property, capitation fee, criminal prosecution under section 276D, and the section 10A deduction. The assesses involved are Satyam Food Specialities (P) LTD (now known as Karmic Business Specialities (P) LTD) (2015-TIOL-371-ITAT-JAIPUR), Jasubhai Foundation (2015-TIOL-941-HC-MUM-IT), Balaji Educational and Charitable Public Trust (2015-TIOL-910-HC-MAD-IT), Shravan Gupta (2015-TIOL-924-HC-DEL-IT) and HCL Technologies (2015-TIOL-931-HC-DEL-IT).

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