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The story of straight babus but 'teda' bureaucracy! THE general experience of the 'Insider' is that our babus are generally straight but our bureacracy is terribly 'teda'! Why? And how? Let's take a look at the issue of depuation in the case of CBEC and CBDT. After fighting many 'battles of Panipat' the IRS officers were allowed deputation with certain conditions. As per the policy a maximum period of 10 years of deputation has been allowed - a maximum of six years for one deputation. It is a straight norm now. But let's see how our North Block babus have been interpreting it. If one is attached with a Minister and comes back to his parent department after six month for some reasons, this is to be counted as one depuation. And a maximum of two deputations is to be allowed for a period of 10 years. If one has availed two deputations and has unfortunately come back after six months or one year he is being made to lose even this period sanctioned by the new guidelines. Terrible indeed! The North Block babus tend to see deputation as a favour rather than a mandatory knowledge and skill enrichment opportunity. 'Insider' personally knows how much Revenue has gained because of the exposure of IRS officers on deputation by making interesting cases and understanding the working of various other arms of the Govt. Let's hope the North Block makes somes efforts to straighten up its 'teda' thinking! |
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Steel manufacturers agree to roll back price hike; Surinder Singh Nijjar & Justice Hemand Laxman Gokhale appointed as Chief Justice of Calcutta and Allahabad HCs respectively; Neemuch CBN seizes 4200 illicit opium plants + 1.6 kg opium in two separate cases; |
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| Dear Member, Sending you the following files: |
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ddt 06 mar.doc + notice_15.doc Naphta and LNG imported by Ratnagiri Gas & FM says no change in corporate tax rate + Ahmedabad gearing up for e-filing; Budget confirms shift from welfare state to 'taxing' State! Diktat by Member may spoil summer vacation - Review sections to burn midnight oil! Beginning of the End !! Winds of change sweep Settlement provisions under I-T Act also; Budget to lend impetus to litigation; DLF
joins hands with Prudential for a foray into insurance; Vivimed
Labs a global supplier for L'Oreal; |
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2007-TIOL-61-ITAT-MUM-SB.doc + exemption story.doc Charitable institution : Income from profit-oriented business taxable but incomes under 'other heads' do not attract disability clause u/s 11(4A); Capital gains - Sec 55(2)(b)(i) - Uncut and unpolished diamond acquired in 1975-76 declared under the VDIS - Same was sold after getting it chiselled and polished - The cost of original asset - For capital gains the fair market value of uncut diamond as on 1.4.87 to be taken and not the fair market value of the polished diamond; Expenditure incurred on employees attending seminars and workshops for skill upgradation is allowable business expenditure; Six CITs locally transferred; |
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Assessee takes credit on inputs under erstwhile Rule 57G after six months from the date of issue of invoices - Tribunal says since invoices were to be rectified and valuable time lost in correspondence but nothing advance brought on record, credit allowable - Revenue's appeal dismissed; 2007-TIOL-295-CESTAT-MAD.doc + Arihant story.doc Central Excise – Review by Board – Board directed Commissioner to file appeal with Tribunal against three parties – Commissioner’s appeal cited only one party as respondent – The order against the other two parties attained finality – In such a situation there cannot be any grievance against respondent.; Amount of 8% of price of exempted goods collected from customers – since amount remains already paid to the revenue, no amount is retained by the assessee – Section 11D of the CEA’44 has no application – LB decision in Unison Metals followed – Stay ordered; Appellant company sick & registered with BIFR – no production activity, no staff and Director engaged in BIFR legal proceedings, labour disputes, MSEB recovery suits, DRT matters – delay of 457 days condoned as appellant was prevented from sufficient cause in filing appeal.;
SERVICE TAX SECTION 2007-TIOL-106-HC-KAR-ST.doc + hc st story.doc Service Tax on Tour Operator held legal; ROM - Service Tax - Interest due on tax not paid - Period in dispute - SC in Gujarat Ambuja Cements grants further two weeks from 13.11.2003 for non-compliance with provision of Sec 71A - Assessee accordingly allowed two more weeks leeway till the discharge of tax liability;
CUSTOMS SECTION Application under E-Com and physical format for benefits under DFCE : DGFT clarifies applications filed through E-Com on last date to be accepted as on time; CBEC amends tariff value of only brass scraps; Doctrine of Merger – Since the assessees appeals were disposed of on 4.7.2005 itself, appeal by Revenue on 20.9.05 cannot be entertained as the Order is non est – LB decision in LML Ltd. followed; |
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| Regards
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