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IPO-Benami A/c scam : SEBI suspends Karvy Stock Broking till Dec, 2007; Direct Tax collections ride to Rs 41,400 Cr on strength of 45% growth in TDS mop-up; PM warns against casteist appointments in educational institutions; |
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| Dear Member, Sending you the following files: |
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CCIT, Panchkula, gets additional charge of CCIT, Chandigarh; Assessee is a sugar manufacturer - Revenue transfers the cases from Kanpur to Delhi on the basis of incriminating material found during a search conducted - Assessee goes for a writ petition - Cases can be transferred and centralised with similar cases at one place in the interest of revenue, and in an effort to check tax evasion on valid grounds but after hearing the assessee - Decision of Revenue does not suffer from illegality on any of these counts - Assessee's petition dismissed :HC; Wealth Tax - Assessee alleged of running benami Trust - Tribunal goes by CIT(A) order and sets aside Revenue's order - Since the benami aspect of the Trust has not been substantiated by the Revenue in another case before the Orissa HC and the tribunal's findings are contrary to the Revenue, no substantial question of law involved - Revenue's appeal dismissed :HC; |
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cbecorder166_2007.htm + cbecorder165_2007.htm + cbecorder164_2007.htm CBEC finally manages to catch postponed deadline on a holiday; Issues transfer orders of 122 AC/DCs + 94 Addl / JCs + a few Commissioners
Central Excise - Refund claim - Limitation - The date of filing of claim to be adopted but not the date of filing revised claim since the revised amount is a part of amount originally claimed . :Cestat; Central Excise - Valuation - It was not open to the respondent to demand as differential duty a higher amount than what was demanded in the SCN by way of an application under Section 35E (4) of Central Excise Act against the order passed by the original authority in adjudication of the dispute arising out of the Show Cause Notice :Cestat; Central Excise - Valuation - The expenses incurred on account of transportation and insurance beyond the factory gate are not includible in the assessable value . :Cestat;
SERVICE TAX SECTION Service Tax - Scientific and Technical Consultancy - Refund - In the matters of Service Tax it is very easy to identify the service provider and the service recipient - Appellants returned the Service Tax collected which shows that the appellant had borne the Service Tax - Entitled for refund.:Cestat;
CUSTOMS SECTION Amends Handbook of Procedures to define 'broad nexus' for goods to be imported and exported within the entitlement certificate; Goods to mean inputs and capital goods; 2007-TIOL-831-CESTAT-MAD.doc + customs story.doc Customs - Refunds - Port Trust is a Government Institution for the purposes of Section 27(1) of Customs Act -Commissioner's appeal against refund of Rs. 5568/ - dismissed :Cestat; |
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High-voltage Panel headed by PM decides on policy measures to give a boost to garments sector; Kalyani Steels & Gerdau S.A of Brazil sign pact to form JV; |
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