Taxindiaonline.com - Daily Mail Update
 
2008-TIOL-NEWS-178
Saturday, July 26, 2008
 
News Flash

Serial bomb blasts in Ahmedabad; Old cycles and tiffin boxes used for blasts;

Probe into cash-for-vote allegation: 7-member Lok Sabha panel set up;

No breakthrough so far, WTO meet extended ;

President appoints Mrs Jaya Roy as Addl Judge of Jharkhand HC;

     
 

Dear Member,

Sending the following files:

 
     
Common Basket

cic story.pdf

CIC accepts third party's plea and directs the Appellate authority to decide the matter de-novo after giving an opportunity to all parties of being heard;

mbuzz823.pdf

Telephone subscribers-base grows by 8.81 mn in June;

mbuzz822.pdf

Pawar to inaugurate scheme for subsidised edible oils;

 
Direct Tax Basket

Order No 105.pdf

CBDT promotes 79 as CITs + issues transfer order of 75;

Order No 106.pdf

CBDT issues local rotation order of CITs;

CASE LAWS

2008-TIOL-361-HC-MAD-IT.pdf

CIT, Thiruchirappalli-I Vs S Chandrasekharan ( Dated: July 4, 2008 )

Income Tax - Voluntary retirement - Twin benefits u/s 10(10C) and Sec 89(1) are allowed as such payment is covered by the word 'salary' which has got wide definition in Sec 17 - Revenue's appeal dismissed : MADRAS HIGH COURT ;

 
Indirect Tax Basket
 

CENTRAL EXCISE SECTION

2008-TIOL-362-HC-MAD-CX.pdf + penalty story.pdf

CC And CCE, Coimbatore Vs M/s Kannapiran Steel Re-Rolling Mills ( Dated: June 12, 2008 )

Central Excise - Penalty equal to duty - can be reduced by authorities : MADRAS HIGH COURT;

2008-TIOL-1182-CESTAT-BANG.pdf

CCE, Hyderabad Vs M/s Everest Organics Limited (Dated: January 31, 2008)

Central Excise – excisability – spent solvents are not manufactured goods and not dutiable – no infirmity in the order of the Commissioner (Appeals) – revenue appeal has no merit. : BANGALORE CESTAT;

 

SERVICE TAX SECTION

2008-TIOL-1183-CESTAT-MAD.pdf

CCE, Trichy Vs Rasi Travel & Cargo Pvt Ltd (Dated: April 4, 2008)

Delay in Registration & Payment of Service Tax – CA reduces penalty in terms of Section 80 on grounds of reasonable cause – Revenue has no grounds to contradict his findings – Revenue appeal dismissed : CHENNAI CESTAT;

 

CUSTOMS SECTION

2008-TIOL-1184-CESTAT-BANG.pdf

M/s Sarayu Softtech Pvt Ltd Vs CC, Bangalore (Dated: February 14, 2008)

CESTAT expresses displeasure over non-assistance of the revenue to the Bench despite several requests by the Bench – marks a copy to the Chairman and Revenue Secretary to look into the matter. :MUMBAI CESTAT;

 

Regards
Customercare Executive

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