|
 |
 |
 |
 |
 |
CJI advises Gujarat model of double shift in courts should be adopted by States; Mufti advocates Kashmir for free economic zone; |
 |
|
 |
 |
 |
|
| Dear Member, Sending you the following files: |
||
| |
 |
 |
|
|
|
2007-TIOL-93-ITAT-DEL.doc + interest story.doc If income for A.Y's for which return was not filed is covered by payment of AT, TDS and S.A. tax , then such income cannot be included in the Undisclosed Income - The assessee is liable to pay interest u/s 158 BFA(1) for delay in filing return; 2007-TIOL-92-ITAT-MUM.doc + bogus story.doc Bogus, sham or non-genuine transactions cannot form the basis for claiming deduction; |
|
|
| |
|
|
|
| |
 |
 |
|
|
|
Central Excise - Appeal - When the authorisation to file an appeal against OIA given by Commissioner under Section 35 B(2) does not bear his opinion that the OIA is not legal and proper the appeal is not sustainable; Penalty equal to duty under Section 11 AC of the Central Excise Act - Duty paid on goods found short - penalty is only equal to 25% of the duty under the first proviso to Section 11 AC; Cenvat credit - with regard to the parts, components and accessories, their classification is not relevant for deciding the eligibility for credit as capital goods;
SERVICE TAX SECTION Service Tax - Penalty under Section 76 cannot be imposed pertaining to the period prior to its introduction - Commissioner (Appeals) order is right; Service Tax - Consulting Engineering Services vis-à-vis Scientific and Technical Consulting Services - Technical know how services become liable for Service Tax only from 16.8.2002;
CUSTOMS SECTION 2007-TIOL-455-CESTAT-DEL.doc + sample story.doc Chemical Examiners report inconclusive and vague - Remnant samples to be retested; Customs - non filing of the reconciliation statement under clause 7 of the project import regulations 1986 - it is erroneous to attach equal importance to the non-observance of all conditions, irrespective of the purpose they were intended to serve - assessments to be finalized under project import scheme; Appellant acting as an Indenting agent on commission basis & not a direct gainer of duty being evaded by principal – Penalty u/s 112(a) of Customs Act, 1962 reduced; |
|
|
| |
|
|
|
| |
 |
 |
|
|
|
PCPIR Policy 23march2007.pdf + super sez.doc PCP Investment Regions a super SEZ policy! EGoM on SEZ lifts embargo on total number; fixes uniform 50% processing area and promises to give employment to at least one person from each displaced family; AFP and Google iron out difference; Major foreign entities get ready to race for UTI Securities; OECD countries witness moderate economic growth; Astro to invest in Sun Direct TV; Navayuga Engineering keen on building port in Orissa; OECD and UAE join hands on transparency of tax collection; |
|
|
| |
|
|
|
| Regards Taxindiaonline.com Pvt. Ltd. |
