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CBI seizes santoosh shawls worth Rs 2.4 Cr and arrests three persons in Delhi; Chennai DRI seizes Chinese shoes worth Rs 18 lakhs in open market at Air Cargo Complex; |
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| Dear Member, Also sending you the following files: |
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CBDT new members alloted zonal charge; CBDT puts in abeyance transfer of 12 ACITs on compassionate grounds; CBDT issues transfer order of 12 AC/DCITs; Income Tax - Assessee claims deduction u/s 54F from long term capital gain on sale of shares - A.O. disallows on the ground that the said deduction is available only in case of construction of a residential house and not on purchase of simply a residential plot - Deduction u/s 54F is available only in case of construction of a residential house within a period of 3 years from the date of making the gain and the onus to prove in order to claim exemption lies with the assessee - In the instant case assessee failed to discharge the onus - Assessee's appeal rejected : HC; |
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RLT Case Laws Headnotes; Central Excise - Appeal - The date of determination of duty is the date on which commr (A) re-quantified the duty demand pursuant to Tribunal's remand order :Cestat;
SERVICE TAX SECTION 2007-TIOL-1207-CESTAT-BANG.doc Service Tax - Event Management - Road shows cannot be brought within the ambit of Event management service - Stay granted :Cestat;
CUSTOMS SECTION NOTIFICATION Import of certain agricultural products allowed; Adhoc norms to be ratified within 13 months DGFT amends HO; CASE LAWS 2007-TIOL-1210-CESTAT-DEL.doc + overvaluation story.doc Overvaluation of export goods - penalty on CHA upheld:Cestat; Customs - Imports - Misdeclaration - The present market value of the imported goods is more than market price of similar goods - No redemption fine imposable - penalty reduced :Cestat; |
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States to launch new tax and non-tax measures during 11 th Plan; North-East excise Exemptions cost around 13000 Crores; |
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| Regards Taxindiaonline.com Pvt. Ltd. |
