|
 |
 |
 |
 |
 |
CST phase-out referred to Parliamentary panel; 76 containers of scrap lying at Mumbai port - 26 contain live cartridges; Partial solar eclipse to be seen in India on March 19 th morning; Civil Services (Mains) : UPSC releases results; |
 |
|
 |
 |
 |
|
| Dear Member, Sending you the following files: |
||
| |
 |
 |
|
|
|
2007-TIOL-124-HC-DEL-IT.doc + reebok story.doc Advance deposit paid to landlord is rent and very much subject to TDS u/s 194-I; Machinery discarded due to obsolescence - Deduction claimed u/s 32(1)(iii) for write off - AO disallows on ground that it was not used even for a part of the accounting year in which deduction was claimed - If machinery not put to use at all during the relevant previous year, deduction cannot be claimed; Charitable Trust - 80G exemption - Exemption denied on ground that the beneficiaries are identifiable - Merely because a few poor beneficiary who were given monetary support on monthly basis are identifiable, such an act by itself does not take away the charitable character of the Trust - ITO's order quashed; |
|
|
| |
|
|
|
| |
 |
 |
|
|
|
2007-TIOL-339-CESTAT-DEL.doc + penalty story.doc Mandatory penalty under Section 11AC in case of deliberate intent to evade payment of duty - Issue goes to Larger Bench after remand by High Court of P & H; Central Excise - Refund - It is a settled law that Interest is payable after expiry of three months from the dated of receipt of application till the date of refund; Central Excise - SSI - Deduction of value of clearances of branded goods - The principles of res judicata are not applicable in taxation matters - Each year's assessment has to be done independently;
SERVICE TAX SECTION 2007-TIOL-340-CESTAT-BANG.doc + ST story Service Tax - Photography Services - Valuation - In the Services relating to photography, if certain goods and materials are consumed, then the value of these goods and materials cannot be included in the value of the Services for levy of Service Tax;
CUSTOMS SECTION Fixation of All Industry Rates : Input sought from industry; EOU - It is premature to order confiscation of imported raw materials lying with EOU - As regards fulfillment of exports obligation and earning of net foreign exchange, customs authorities are required to initiate action only after a decision has been taken by Development Commissioner; |
|
|
| |
|
|
|
| |
 |
 |
|
|
|
Electronic payment of duty - Easiest; Export of Service : To deliver or to provide is the question? Can Praful Patel manage to 'aviate' out of reigning chaos in space? India becomes third largest telecommunication network hub; Siemens and BHEL to construct fourth largets HVDC terminal stations; SAIL to set up aspiring plant in Jharkhand; PSL grabs order for a gas field in KG basin; Foreign bribery : OECD finds chinks in UK's efforts against corruption; Elder Pharma ties up with Spanish major; Strides gets USFDA approval; |
|
|
| |
|
|
|
| Regards
Taxindiaonline.com Pvt. Ltd. |
