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TDS changes proposed in Budget to be effective from June 2007; IA and AI merger : New entity to seek stamp duty exemption; Koirala says no to Left's demand to declare Nepal as Republic; As many as 782 govt accommodations under unauthorised occupation in VIP & general categories : Maken; Calcutta HC convicts Bengal's DGP, another IPS officer + an IAS officer for criminal contempt of courtAnti-corruption drive : CBI arrests FCI Area Manager and Office Suptd of Addl CIT, Bulandshahar, for accepting bribe; AAI policies in place for setting up perishable cargo centres at domestic airports : Patel; |
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| Dear Member, Sending you the following files: |
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SEZs as shield against FTAs! education story.doc + entry.doc Detailed guidelines in place to prevent 'fly by night' foreign educational bodies from making India home; Bonanza to small manufacturers - 'Small is beautiful'! ONGC
gets one more CDM project registered; Aircel to expand all over
India; |
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Return filed - Notice u/s 143(2) served - An employee of the assessee received the same - Representative of the assessee attends to hearing - Another representative appears for the case in the second round and raises objection of no notice being served on the assessee - No objection can be filed so late when the representative of the asessee has been appearing in the court; A loss return filed - AO disallows deduction u/s 80-P - Even then the resultant amount is in negative - Additional tax demanded u/s 143(1A) - Even if resultant effect was mere reduction of loss, additional tax is payable; |
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RLT Case law headnote;
Proceedings initiated for recovery of modvat credit u/r 57I after substitution by Cenvat Rules are not saved by Section 38A of the CEA’44 2007-TIOL-282-CESTAT-DEL.doc + scn story.doc Confirmation of demand cannot traverse beyond the allegations in show cause notice; Refund of pre-deposit – Remand ordered by Tribunal to determine the overall value of clearance for computation of SSI exemption – Commissioner deciding the case on 18.4.2000 – since refund of pre-deposit granted within 3 months of the date of this order, the question of entitlement for interest does not arise; Board Circular dated 2.1.2002 relied upon by appellant is misplaced – it does not stipulate that the amount is to be paid within 3 months from the date when the case is remanded for fresh adjudication; Amount of refund can be adjusted against Government dues u/s 11 of the CEA’44;
SERVICE TAX SECTION ST - Consulting Engineer Service - Demand raised for period June 2001 to August 2003 - Assessee argues levy during this period was on engineering firm and professionals and not manufacturer - Stay granted;
CUSTOMS SECTION CBEC reduces import tariff on woven fabrics to 10 %; 2007-TIOL-285-CESTAT-DEL.doc + anju story.doc Illegal seizure in 1991 – widow of the victim wins the case in Tribunal after 15 years – As per Board circular only Assistant Commissioner could seize silver – Seizure by Superintendent not valid; Un-authorized export of Indian & foreign currencies booked at different post offices post Bombay bomb blasts – Connivance of the staff of postal department – imposition of penalty upheld but reduced considering the gravities of their role played and financial condition; |
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| Regards
Taxindiaonline.com Pvt. Ltd. |
