Taxindiaonline.com - Daily Mail Update
 
2007-TIOL-NEWS-012
Saturday, January 13, 2007
 
News Flash

PM says India, Asean to take more steps to consolidate economic ties;

CBI charge-sheets two persons for posing as Union Minister and IAS officer;

FM says gas pipeline may get infrastructure status in Budget;

FM dedicates expanded Panipat Refinery to Nation;

PM releases National Knowledge Commission's report;

SC gets three new Judges - Justice Harjit Singh Bedi, CJ of Bombay HC + Justice Vikas Shridhar Sirpurkar, CJ of Calcutta HC + Justice Buchireddy Sudershan Reddy, CJ of Guwahati HC;

Sahar Airport Cutoms arrests Indian lady with FC & IC worth Rs 17 lakh;

Industrial production zooms to 14.4% in November;

ONGC fully geared up for Caspian sea blocks bid;

I & B Minister orders action against TV channel for denigrating Mahatma Gandhi;

     
 

Dear Member,

Sending you the following files:

 
     
Direct Tax Basket

itnot02.doc

80C benefits given to HUDCO public Deposit scheme;

2007-TIOL-25-HC-MAD-IT.doc

Compensation for land acquisition - compensation enhanced on appeal - State Govt goes in appeal - Assessee allowed to withdraw part payment on HC interim order - Such receipt cannot be taxed during the pendency of appeal;

 
Indirect Tax Basket

CENTRAL EXCISE SECTION

2007-TIOL-61-CESTAT-BANG.doc + delay story.doc

Central Excise -Condonation of delay - Subsequent Apex Court judgment is not a ground to condone;

2007-TIOL-60-CESTAT-DEL.doc

If the proceedings in Panchnama are clouded, confiscation based on it cannot be upheld - Assessee's appeal allowed;

 

SERVICE TAX SECTION

2007-TIOL-59-CESTAT-AHM.doc

Assessee a GTO service recipient - Tax demanded but not quantified in SCN - Adjudicator drops the demand - Given that the assessee was to file service tax return for the first time during the relevant period, dropping of demand justifiable;

 

CUSTOMS SECTION

2007-TIOL-58-CESTAT-MUM.doc

Presenting officer never raised any objection against the Inquiry officer’s report either before the IO or when the IO submitted his report to Commissioner(General) – Commr. dropping the proceedings accordingly – Committee of Chief Commissioner’s reviewing the order being aggrieved with the order of the IO in a callous manner – no reasons to interfere with the order passed by Commissioner – Revenue appeal dismissed;

 
Common Basket

mai story.doc

Revised MAI Scheme to promote 'Brand India' and assists WTO-related studies;

2007-TIOL-05-SC-Constitution-LB.doc

Laws placed in 9 th Schedule is subject to judicial scrutiny;

2007-TIOL-04-SC-Constitution.doc

Parliament has powers to expel its Members if found guilty and its decisions are also subject to judicial scrutiny on limited parameters;

corpbuzz648.doc

Tesco transfers 190 new jobs in India; Surana Industries to set up plant in Karnataka;

corpbuzz647.doc

Hydro S&S to set up a unit in Pune; Shringar Cinemas avail tax exemption;

corpbuzz646.doc

Gati signs MoU with Chinese Logistics firm; ICICI prices first three tranche bond;

     
 

Regards
Customercare Executive

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