|
 |
 |
 |
 |
 |
PM hints at Cabinet reshuffle after Presidential polls; PM says next President to be from UPA-Left alliance; Delhi Zonal Unit of DRI seizes 9 kg heroin in Ludhiana; |
 |
|
 |
 |
 |
|
| Dear Member, Sending you the following files: |
||
| |
 |
 |
|
|
|
2007-TIOL-303-HC-P&H-IT.doc + hc it story.doc Death Certificate dated 5.3.1982 produced on 4.3.1982 - department has not objected - opportunity not denied to department : HC; Income Tax - Assessee is a registered society u/s 12A - Alters objects in MoA to such extent that they are entirely different from objects on which registration was taken - Exemption denied on the ground of substantial alterations in MoA - If the assessee makes major changes in the objectives after the grant of registration and does not intimate the Revenue then the very foundation of registration goes - Assessee's appeal dismissed (para 10). :HC; |
|
|
| |
|
|
|
| |
 |
 |
|
|
|
2007-TIOL-765-CESTAT-DEL.doc + cestat cx story.doc Central Excise - Classification of cigarettes - Assessee manufactures tipped cigarettes - Revenue demands duty as filter cigarette - Unless it passes the filteration efficiecy test it cannot be classified as 'filter cigarettes':Cestat; Central Excise - Valuation - Additional amounts collected under the guise of freight - No ground for confirming the demand and invoking larger period :Cestat; Central Excise - Classification - Activated Carbon from coconut shell charcoal cannot be classified under 28.03 of CET:Cestat; Pre-deposit - no sufficient cause shown to grant extension of time - appeal dismissed due to non compliance. :Cestat; ST - C & F Service - Penalty u/s 76 imposed - Commissioner (A) sets aside penalty by invoking the provisions of Sec 80 - Since it was a new levy and the assessee was not aware of it nor collected the same from the service receiver, the invocation of Sec 80 is justified :Cestat;
SERVICE TAX SECTION ST - C & F Service - Since procurement of orders is not covered under the taxable service, the demand is not sustainable - Assessee's appeal allowed :Cestat; Allegation of diversion of inputs on which credit was availed based on theoretical wastage norms - no single customer of the said inputs was bought on record - demand not sustainable :Cestat;
CUSTOMS SECTION 2007-TIOL-302-HC-DEL-EXIM.doc +dgft hc story.doc No order without following principles of Natural justice - DGFT's order set aside: SC; EOU - Exemption Notification - So long as the appellants fulfil the conditions of exemption Notification, they should be given the benefit even when they opt for the same at a later date :Cestat; |
|
|
| |
|
|
|
| |
 |
 |
|
|
|
RBI allows only mandatorily convertible debentures into equity for accessing funds through FDI route; Senior Citizens Savings Scheme : RBI regularises multiple accounts opened in same account office in same calendar month in violation of rules; Gudelines revised for foreign investments in debentures; Guidelines revised for foreign investments in preference shares; Investment by MFs in oversea securiies - liberalisation; Compilation of data on project export finance; DLF joins hands with Trent to retail lettable areas in malls; |
|
|
| |
|
|
|
| Regards Taxindiaonline.com Pvt. Ltd. |
