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Thursday , May 28, 2015 | Updated : May 28, 14:17 IST
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NEWS FLASH
 
If UPA left behind legacy of retro tax who stops Mr Jaitley from repealing it, says Chidambaram SC to hear Centre's petition on Delhi ACB acting against its officers CX - CENVAT - Slump sale of on-going factory along with raw materials - no cause for reversal of CENVAT credit as there is no 'removal' from factory: CESTAT (See 'Breaking News') The Black Money issue - It's time to look beyond the Swiss (See 'The Cob(Web) Column) Income tax - Whether any interest liability arises during pendency of application before Settlement Commission - NO: HC (See 'Breaking News') No Fear of Vigilance - CBEC Tells Adjudicators + Departmental Adjudication - a farce; Are they really afraid of Vigilance? (See 'DDT' Column) Import of helicopter - Notfn 21/2002 - DGCA is best judge to decide as to whether activity of importer comes within ambit of licence issued - services provided by importer are in nature of non-scheduled pax service - Exemption available: CESTAT (See 'Breaking News') Inflicting penalty without any authority (See 'Guest' Column) VAT - Whether ingredients of proviso to sec 34(1) for grant of extension of stay is to be gathered from default assessment notice: HC (See '2015-TIOL-1347') Companies Act Amended - 'Common Seal' goes (See 'DDT') I-T - Whether estimation of gross profit after rejection of books is justified where books was produced before AO and AO did not point out any defects: ITAT (See '2015-TIOL-577') Govt imposes definitive anti-dumping duty on Purified Terephthalic Acid (See 'What's New') Rule 19 - Removal of intermediate goods - Mundra inserted (See 'NT 16' in What's New) Don't Degrade Corruption Prevention & Detection to a butt of Jokes (See 'ICE CUBES') Jaipur Airport Customs seizes gold worth Rs 28 lakhs; Total Customs seizures in current fiscal exceeds 1050 kg ST - Refund - Even though appellant received payment in Indian rupees but in view of FEMA notifications same is deemed to be convertible foreign exchange and accordingly condition as provided under Rule 3(ii) of Export of Services Rules, 2005 stands complied: CESTAT (See 'Breaking News') DRI seizes 218 kg precursor chemical worth Rs 31 Crore + methamphetamine worth Rs 15 Cr in Rajasthan; nabs five persons including kingpin Chief Economic Advisor feels 1% Additional Tax in GST may hurt 'Make in India' Service Tax Audit - Again in Delhi High Court - Notice Issued to Union of India (See 'DDT' Column) CX - MP3 CD-ROMs contain only audio songs which can be played on any CD player, these discs are neither interactive nor is it possible to manipulate details in such CDs - they cannot be considered as 'software' so as to be classified at Nil rate of duty: CESTAT (See 'Breaking News') CBEC Members to Continue as Chief Commissioners + MAT Committee Invites Suggestions (See 'DDT') Income tax - Whether settlement application u/s 245C would turn invalid if notice u/s 148 has already been served upon assessee before filing of such application - YES: HC (See 'Breaking News')
 
   
It's Raining Black!
DDT (Daily Dose of Taxation)

No Fear of Vigilance - CBEC Tells Adjudicators

With VIJAY KUMAR

No Fear of Vigilance - CBEC Tells Adjudicators
Published: May 28, 2015

View previous DDTs »

WHAT'S NEW
CUS
:
Not 34 NT 48 Cir 17
ADD
:
Not 23 SG: 01  
EX
:
Not 28-30 NT 16 Cir 1003
S.TAX
:
Not 17 Cir 183 JS TRU
I-T
:
Not 41 Cir 08  
DGFT
:
Not 07 PN 14 Cir17
RBI
:
Cir 103 Notif  
BREAKING NEWS

Mumbai, May 28
CX - CENVAT - Slump sale of on-going factory along with raw materials, packing materials - no cause for reversal of CENVAT credit on inputs as there is no 'removal' from factory - Revenue appeal dismissed: CESTAT

New Delhi, May 28
Income tax - Whether any interest liability arises during pendency of application before Settlement Commission - NO: HC

Mumbai, May 28
Import of helicopter - Notfn 21/2002 - DGCA is best judge to decide as to whether activity of importer comes within ambit of licence issued - services provided by importer are in nature of non-scheduled pax service - Exemption available: CESTAT

Mumbai, May 27
ST - Refund - Even though appellant received payment in Indian rupees but in view of FEMA notifications same is deemed to be convertible foreign exchange and accordingly condition as provided under Rule 3(ii) of Export of Services Rules, 2005 stands complied: CESTAT

Mumbai, May 27
CX - MP3 CD-ROMs contain only audio songs which can be played on any CD player, these discs are neither interactive nor is it possible to manipulate details in such CDs - they cannot be considered as 'software' so as to be classified at Nil rate of duty: CESTAT

MIXED BUZZ
XCuSE Updates
XCuSE
THE COB (WEB)
The Black Money issue - It's time to look beyond the Swissby SHAILENDRA KUMAR

The Black Money issue - It's time to look beyond the Swiss
Published: May 28, 2015

View previous 'The COB(Web)s'»
TIOL EDITORIAL
FM should clean the Centre's financial mess as identified by CAGby TIOL EDIT TEAM

FM should clean Centre's financial mess as identified by CAG
Published: May 14, 2015

View previous Editorials»

ICE CUBES
by NARESH MINOCHA Don't Degrade Corruption Prevention & Detection to a butt of Jokes

Don't Degrade Corruption Prevention & Detection to a butt of Jokes
Published: May 27, 2015

View previous ICE CUBEs »

GUEST COLUMN

Inflicting penalty without any authorityby G JAYAPRAKASH

Inflicting penalty without any authority
Published: May 28, 2015

View previous Guest Column(s);

ST se GST tak

Trading of goods = Negative Service and therefore (is) it (is) a Service?by VISHWANATH K

Trading of goods = Negative Service and therefore (is) it (is) a Service?
Published: May 25, 2015

View previous ST se GST tak(s)»

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

 
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