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Saturday , November 29, 2014 | Updated : Nov 29, 10:45 IST
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NEWS FLASH
 
ST - Refund of CENVAT credit - What is relevant date for deciding limiting period of one year under Clause 6 of Appendix to Notf 5/2006-CE(NT) - Matter referred to CESTAT Larger Bench (See 'Breaking News') IBA writes to RBI to hike ATM interchange fee (See 'Mixed Buzz') Task Force for Export Facilitation calls for EDI level changes and simplification of procedures (See 'Breaking News') Facilitating Ease of Doing Business - Govt takes Initiatives under implementation for SEZs (See 'Mixed Buzz') I-T - Whether before making any addition towards unexplained investment in respect of jewellery, value that has been declared in wealth tax return filed by assessee and his family members is required to be excluded (See '2014-TIOL-910') Cyber Security Violations: Govt takes several steps (See 'Mixed Buzz') Central Excise - Appeal against order of pre deposit passed by Tribunal - Contention that in identical case of another assessee, Tribunal ordered pre deposit of 10% of duty - Decision of Supreme Court in case of Vishnu Traders v. State of Haryana would be squarely applicable to the facts of present case (See '2014-TIOL-2075') India, Russia reolsve to enhance trade ties (See 'Mixed Buzz') RBI abolishes 80:20 gold import restrictions EC issues notice to 20 parties, including BJP & Congress, for not submitting poll expenses Minister explains India's Stand in WTO on TFA (See 'Mixed Buzz') CAG indicts Railways for 2013 Kumbh Mela Stampede Growth rate down to 5.3% in September Justice Prashant Kumar Mishra appointed full-time Judge of Chhattisgarh HC Govt fund allocation to NGOs: Online process made mandatory (See 'Mixed Buzz') ADB signs USD 100 mn loan for Kerala's skill acquisition schemes CBDT promotes J M Sahai as CCIT + posts Dr Sadhna Shankar as CIT(OSD) in Delhi CCI penalty case: SC allows DLF to deposit Rs 100 Cr in place of Rs 630 Cr Applications invited for JS-level post of Minister (Economic) in London High Commission (See 'Deputation in Pitara') CBEC Commissioners' promotion file pending in PMO for final nod Cus - Notfn 21/2002 - To qualify as 'other alloy steel' if any one element is present in proportion specified that would satisfy requirement of Chapter Note 1(f) even if other elements are not present in proportion specified: CESTAT by Majority (See 'Breaking News') Pursuing law & practicing law are two different things - One can pursue law but for purpose of obtaining license to practice, he or she must fulfill all requirements prescribed by the BCI: SC (See 'DDT' Column) I-T - Whether loss suffered on hedging for payment of interest and repayment of principal amount in foreign currency is deductible as ascertained liability in computation of book profit u/s 115JB - YES: ITAT (See 'Breaking News') Service Tax Implications on Joint Development Agreements (See 'ST se GST tak' Column) Tribunal cannot go beyond scope of SCN and Order-in-Original - When plea of provisional assessment was never raised by Revenue, Tribunal cannot hold assessments are provisional - Matter remanded: HC (See 'Breaking News') Income Tax Returns need not be disclosed under RTI: High Court (See 'DDT') India spends more on Science Research than Brazil and Canada (See 'Mixed Buzz') E-Visa scheme launched for 43 countries (See 'Mixed Buzz') Selection of Jan Lokpal: Govt pleads to SC to transfer all petitions from HC to Apex Court (See 'Mixed buzz') Bar Council of India not bound to grant advocacy licence unless one fulfils its conditions: SC Capital goods sector is strategic sector, says Govt (See 'Mixed Buzz') PMJDY - FM hikes banks' targets to 10 Cr by Jan 26, 2015 (See 'Mixed Buzz') Mangalore Central Excise arrests builder for alleged service tax evasion of Rs one crore Clarify and specify road-map on Reforms & Good Governance (See 'TIOL Edit' Column) Achchhe Din on Tax Front - Lot of Legwork required! (See 'The Cob(Web) Column) CX - No 11C Exemption for Turpentine Oil: CBEC (See 'DDT' Column)
 
   
DDT (Daily Dose of Taxation)

Pursuing law and practicing law are two different things. One can pursue law but for purpose of obtaining license to practice, he or she must fulfill all requirements and conditions prescribed by the Bar Council of India: SC

With VIJAY KUMAR

Pursuing law & practicing law are two different things - One can pursue law but for purpose of obtaining license to practice, he or she must fulfill all requirements prescribed by the BCI: SC
Published: November 28, 2014

View previous DDTs »

WHAT'S NEW
CUS
:
Not 32 NT111 Cir 13
ADD
:
44, 45 Inst: 08 SG: 03
EX
:
Not 23 NT 31 Cir 990
S.TAX
:
Not 22 Cir 180 Order
I-T
:
Not 71,72 Cir 16 Press Note
DGFT
:
Not 99 PN 76 Cir 13
RBI
:
Cir 41    
BREAKING NEWS

Mumbai, November 29
ST - Refund of CENVAT credit - What is relevant date for deciding limiting period of one year under Clause 6 of Appendix to Notf 5/2006-CE(NT) - Matter referred to CESTAT Larger Bench

New Delhi, November 29
Task Force for Export Facilitation calls for EDI level changes and simplification of procedures

Mumbai, November 28
Cus - Notfn. 21/2002 - To qualify as 'other alloy steel' if any one element is present in proportion specified, that would satisfy the requirement of Note 1(f) in Ch.72 even if other elements are not present in proportion specified : CESTAT by Majority

Chennai, November 28
Tribunal cannot go beyond scope of SCN and Order-in-Original - When plea of provisional assessment was never raised by Revenue, Tribunal cannot hold assessments are provisional - Matter remanded: HC

New Delhi, November 28
Income tax - Whether loss suffered on hedging for payment of interest and repayment of principal amount of loan in foreign currency is deductible as ascertained liability in computation of book profit u/s 115JB - YES: ITAT

MIXED BUZZ
XCuSE Updates
XCuSE
PUZZLE TO DAZZLE
Punit Vedby PUNIT PAVAN VED CA

Whether excess municipal tax paid in earlier year and allowed while computing income from house property in that year is taxable in subsequent year if recovered.

Published: November 24, 2014

Post Answer »
THE COB (WEB)
Achchhe Din on Tax Front - Lot of Legwork required!by SHAILENDRA KUMAR

Achchhe Din on Tax Front - Lot of Legwork required!
Published: November 27, 2014

View previous 'The COB(Web)s'»
TIOL EDITORIAL
Let growth & jobs drive the changes in taxes & expenditure in 2015-16 Budgetby TIOL EDIT TEAM

Clarify and specify road-map on Reforms & Good Governance
Published: November 27, 2014

View previous Editorials»

ICE CUBES
by NARESH MINOCHA Modi Govt falters on growth & employment front

Modi Govt falters on growth & employment front
Published: November 18, 2014

View previous ICE CUBEs »

GUEST COLUMN

Perplexity in taxing Liaison Office by NEHA SRIVASTAVA

Perplexity in taxing Liaison Office
Published: November 26, 2014

View previous Guest Column(s);

ST se GST tak

Service Tax Implications on Joint Development Agreementsby MANINDAR KAKARLA

Service Tax Implications on Joint Development Agreements
Published: November 28, 2014

View previous ST se GST tak(s)»

View 'ST - New Law +VE or -VE' Articles»

 
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