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Sahar Airport Customs seizes digital cameras worth Rs 7.55 lakh from pax coming from HK; FBT collections upto Dec-end reach about Rs 3000 Cr; Corporate tax continues to gallop at 52%; India for larger share in future Sakhalin projects; Cash-for-query scam : SC upholds Parliament's right to expel members; Coal industry to continue as public utility service for six more months; Mandatory PAN for demat accounts : 35 lakh accounts without PAN frozen; Service Tax mop-up till Nov-end reaches Rs 21800 Crore; |
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| Dear Member, Sending you the following files: |
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2007-TIOL-03-SC-IT.doc + sc story.doc For a non-resident to be taxed for services, such service needs to be rendered within India: Supreme Court; Fund created for marriage of employees' daughters - Employers contribute along with the employees under a Scheme - Interest paid for employees' contribution utilised for business purposes is allowable deduction: HC; Notice issued u/s 148 - Reasons for reopening assessment sought - No reasons furnished - Assessment orders for many AYs passed along with answers to objections - Such a practice is against the law and AO directed to pass separate speaking orders for objections raised and then pass assessment orders: HC; |
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2007-TIOL-47-CESTAT-BANG.doc + defiance story.doc Defiance of Tribunal order by Commissioner is indiscipline - action to be initiated; 2007-TIOL-46-CESTAT-MUM.doc + tata story.doc Show cause notice invoking rule 57I cannot be upheld as the same was not in the statute book in the year 2000 - Appeal allowed & order set aside by Tribunal;
SERVICE TAX SECTION ST - GTO Service recipient - Tax paid before issue of of SCN - Revenue demands interest on delayed payment - Interest set aside but penalty upheld for late filing of return; ST - Late payment on 22 occasions out of 28 deposits - ST-2 returns filed late 4 times out of 11 - Waiver from pre-deposit of penalties denied;
CUSTOMS SECTION Claim of classification of goods under Chapter 84 instead of Chapter 85 cannot be held to be mis-statement - The customs authorities having allowed the clearance of the goods, is deemed to have satisfied themselves about the description, classification and other particular of the goods and cannot attribute any suppression to the importer especially in the absence of any allegation of withholding of any information relatable to the goods - Larger Period not invokable - demand hit by limitation; Non-fulfilment of exports obligation - Penalty imposed under Sec 11(2) of FTDR Act by JT DGFT - Appeal to DGFT - Pre-deposit of Rs one lakh ordered - Non-compliance led to dismissal of the case - Writ in HC - Since appellant deposited the sum asked for and partners of the firm being ill for long, case restored to be considered on merit: HC; |
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Anti dumping - Trimethoprim originating in or exported from China – JIT extension; Time bound disposal of applications from EOU / STP but is CBEC order enforceable? Service Tax on composite contract - Whether leviable? Cross-border flow of capital : India ascends to 4 th slot on global FDI chart; Nath releases India Retail Report 2007; Sector to be worth USD 45 bn by 2010; Industry asks FM to give sops to Indian Companies to become global ; Posts of CVOs available to deputationists ; Exim Bank credit to Colombia; 2006-HRIOL-32-SC-SERVICE.doc + sc hr story.doc Services of a casual worker cannot be regularised with retrospective effect; Bank of Baroda signs MoU with IIFC; Civil Aviation sector to see largest investment; Thai Govt amends rules for foreign business ownership; stock markets crash; Holcim
picks more stake in Gujarat Ambuja Cements; Bajaj launches new plan; |
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| Regards
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