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CX - As net result of the order passed by Commissioner(A) is not known, it would be in interest of justice to stay operation of said order: CESTAT (See 'Breaking News') PMO to host Special Cell to facilitate Japanese investment (See 'Mixed Buzz') Noted industrialist Mallya declared wilful defaulter by United Bank of India Kerala decides to map marine biodiversity Central Excise Bhavnagar arrests partner of Kalyan Tiles on alleged tax evasion of Rs 1.05 Crore Tribunal appears to be proceeding in undue haste and uncalled hurry to pass orders - Even if a lengthy order is necessitated Tribunal must not fail to deliver it - Eventually justice is not only to be done, but must be seen to be done - matter remanded to CESTAT: HC (See 'Breaking News') Litigation Issue settled by SC - CBEC refuses to give up - in spite of advice by ASG (See 'DDT' Column) I-T - Whether when company's name and products are being advertised or financial results being published, there is any rationale for segregating such expenditure Unit-wise - NO: ITAT (See 'Breaking News') A peep into TDS on Payment to Non-Resident Related Parties (See 'Guest Column') CX - Purchasing 98% concentrated sulphuric acid & diluting same with de-mineralised water as per customer requirement to get diluted sulphuric acid, which is marketable & used by battery manufacturing units is a process amounting to manufacture u/s 2(f): CESTAT (See 'Breaking News') Ashok Dhingra splits with JSA, sets up ADA (See 'Mixed Buzz') Justice Hurried is Justice Buried (See 'DDT') I-T - Whether disallowance is warranted u/s 40A(3), in case payment was made through imprest account: ITAT (See '2014-TIOL-591') India fully geared up to handle US Fed rate hike: RBI Governor ST - S 85 - General Clauses Act defines a month as British Calendar month and it is not defined in terms of number of days - condonation period of one month allowed to Commissioner(A) should not be interpreted as number of days: CESTAT (See 'Breaking News') CENVAT Credit on Retention portion of Input Services (See 'ST se GST tak') I-T- Whether when assessee has confirmed that according to agreement entered into, developer has taken possession of that land & started development work, transaction is to be treated as Transfer, to extent of assessee's share: HC (See '2014-TIOL-1472-HC') Noted historian Bipan Chandra is no more; PM extends condolences Prime Minister Narendra Modi arrives at Kyoto with large contingent of business delegation DoP&T Minister asks fresh joinees to undo cynicism of Indian Civil Services (See 'Mixed Buzz') CBDT issues All India transfer order of 104 AC/DCs + 6 Add/JCITs (See 'Transfer' in Pitara) Car Manufacturers face Rs 2500 Cr penalty for anti-competitive behaviour (See 'Breaking News') Indian economy grows by 5.7% in Q1 Pak disappointed us but efforts to continue for friendly relations: PM Govt reduces tariff value of gold and silver (See 'CNT 73' in What's New) 50 IRS officers of CBDT, 1987 Batch empanelled for JS-level post (See 'Service News' in 'Pitara') India's External Debt up by 7.6% to USD 440 bn (See 'Mixed Buzz') Cus - Old & Used Propping pipes used for construction service are to be treated as capital goods and as per para 2.17 of FTP second hand capital goods are freely importable: CESTAT (See 'Breaking News') Retrospective Amendment of 2012 - CBDT Constitutes High Level Committee (See 'DDT' Column) We would expect Tribunal, which is manned by both judicial & technical experts, to be aware of seriousness of adjudication and not take up assignment casually - undue haste is not at all called for as it results in miscarriage of justice: HC (See 'Breaking News') Amendment to Sec. 67A - Service tax on foreign currency payments (See 'ST se GST tak' Column) I-T - Whether when first appellate authority has directed AO to pass speaking order before charging interest, such an order can be construed as restrictions being imposed on AO from levying interest under particular Section - NO: Delhi HC (See 'Breaking News') Constitution of Review Committee of Chief Commissioners/Commissioners - CBEC Orders (See 'DDT')
 
   
DDT (Daily Dose of Taxation)

Litigation - Issue settled by SC - CBEC refuses to give up - in spite of advice by ASG

With VIJAY KUMAR

Litigation - Issue settled by SC - CBEC refuses to give up - in spite of advice by ASG
Published: September 01, 2014

View previous DDTs »

WHAT'S NEW
CUS
:
Not 26 NT 73 Cir 09
ADD
:
39 Inst: 08 SG: 03
EX
:
Not 08-20 NT 26 Cir 983
S.TAX
:
Not 18-19 Order Cir 178
I-T
:
Not 33 Cir 12-13 Inst 11
DGFT
:
Not 90,91 PN 68 Cir 13
RBI
:
Cir 22    
BREAKING NEWS

Mumbai, September 01
CX - As net result of the order passed by Commissioner(A) is not known, it would be in interest of justice to stay operation of said order: CESTAT

Mumbai, September 01
Tribunal appears to be proceeding in undue haste and uncalled hurry to pass orders - Even if a lengthy order is necessitated Tribunal must not fail to deliver it - Eventually justice is not only to be done, but must be seen to be done - matter remanded to CESTAT: HC

Mumbai, September 01
I-T - Whether when company's name and products are being advertised or financial results being published, there is any rationale for segregating such expenditure Unit-wise - NO: ITAT

Mumbai, September 01
CX - Purchasing 98% concentrated sulphuric acid & diluting same with de-mineralised water as per customer requirement to get diluted sulphuric acid, which is marketable & used by battery manufacturing units is a process amounting to manufacture u/s 2(f): CESTAT

Mumbai, August 31
ST - S 85 - General Clauses Act defines a month as British Calendar month and it is not defined in terms of number of days - condonation period of one month allowed to Commr(A) should not be interpreted as number of days: CESTAT

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

Married daughter relinquished her share in property of her father in favour of brothers. Whether such relinquishment is transfer; and not gift, within the meaning of sec 2(47) & therefore liable for capital gain tax.

Published: September 01, 2014

Post Answer »
THE COB (WEB)
Black Money - Policy needed to dent into 'Tiny Machines' of tax evasionby SHAILENDRA KUMAR

Black Money - Policy needed to dent into 'Tiny Machines' of tax evasion
Published: August 28, 2014

View previous 'The COB(Web)s'»
TIOL EDITORIAL
Safeguarding oil & gas revenueby TIOL EDIT TEAM

Safeguarding oil & gas revenue

Published: August 24, 2014

View previous Editorials»

ICE CUBES
by NARESH MINOCHA  Mr Modi, don't go the Abhimanyu way; shear UPA's chains to untie growth genie

Mr Modi, don't go the Abhimanyu way; shear UPA's chains to untie growth genie
Published: August 18, 2014

View previous ICE CUBEs »

GUEST COLUMN

A peep into TDS on Payment to Non-Resident Related Partiesby LUKOSE JOSEPH ANIL P NAIR

A peep into TDS on Payment to Non-Resident Related Parties
Published: September 01, 2014

View previous Guest Column(s);

ST se GST tak

CENVAT Credit on Retention portion of Input Services by KRISHNASAMY JEYARAM

CENVAT Credit on Retention portion of Input Services
Published: August 31, 2014

View previous ST se GST tak(s)»

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

 
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