Income Tax - 'plant and machinery' which includes ship or vessel has been supplied on hire for being used in prospecting operation - second limb of Sec 44BB clearly attracted: Advance Ruling (See 'Breaking News' + '2010-TIOL-11-ARA-IT')
Good news for CBEC - FM gives nod to proposal for 'de-freezing' SIXTH Member-post for Board; File moves to DoP&T
Deemed credit on yarn/fibre under Notification 6/2002 CE(NT) is admissible to the non-composite mills procuring grey fabric: Delhi HC (See 'Breaking News' + '2010-TIOL-160-HC-DEL-CX')
Modification of Electricity Act for Deemed Licensing to SEZ Developers (See 'DDT' Column)
Exemption under Notfn. 21/2002-Cus - Imported Waste Paper allegedly not used for manufacture of newsprint - Extended period cannot be invoked because there may not be intention to evade payment of duty when appellant is eligible for benefit of such duty as Cenvat Credit: CESTAT (See 'Breaking News' + '2010-TIOL-379-Cestat-Mum')
Service Tax Notifications - Impact analysis (See 'ST se GST tak')
I-T - manufacturer exporter - deduction u/s 80-IB - foreign travel expenses - AO disallows 10% by attributing it to personal entertainment - Held, ad hoc disallowance without any basis is not valid (See '2010-TIOL-118-ITAT-DEL')
National Archives is 'ageing; to host lecture on 'what are Archives for' (See 'Mixed Buzz')
Govt to conduct special drive for recruitment of 490 IPS officers by giving chance to junior officers from State and Central Police forces: Ajay Maken
Govt mops up Cess revenue of Rs 3421 Cr under Central Road Fund and Rs 10280 Cr on petrol and diesel cess
Rajya Sabha passes Women Reservation Bill
Mr V K Sreedhar joins as new Member of Authority for Advance Rulings (Income Tax)
Govt fixes Rs 150 per domestic pax and Rs 1000 per international pax as UDF for Jaipur airport; to notify separate corridor for helicopters at Delhi and Mumbai airports (See 'Mixed Buzz')
I-T - Sec 94(7) - investment in MF units - capital loss - AO disallows on ground that units are purchased within three months from record date and such losses to be ignored for purpose of computing income - held, issue is settled in favour of Revenue: ITAT (See '2010-TIOL-113-ITAT-MAD')
Women Reservation Bill: Seven Members from Rajya Sabha suspended for unruly behaviour
Income tax - exports - assessee runs two units - incurs foreign travelling expenses - AO finds expenses were for promotion of Andhra unit but debited to Mumbai unit - apportions expenses on basis of turnover - No infirmity in AO's action: ITAT (See 'Breaking News' + '2010-TIOL-115-ITAT-MUM')
Relevant Date for Payment of Interest - Rule inconsistent with Act! + Failure under RTI Act - CE Officers may have to pay Rs 1 Lakh Compensation (See 'DDT' Column)
Even after receipt of show-cause notice, appellant continued default and it was only after more than one year since receipt of SCN that they started paying service tax - Bona fides not proved - Pre-deposit ordered of penalty: CESTAT (See '2010-TIOL-372-Cestat-Mum')
Mumbai Customs does not 'trouble', only harasses own retiring officers! (See 'The Insider' in Pitara)
Typographical error in mentioning quantity of goods in IGM vis-ˆ-vis that cited in Bill of Lading - Invoking provisions of Sec 111(f) and (g) of Customs for confiscation of goods appears improper - Matter remanded: CESTAT (See 'Breaking News' + '2010-TIOL-373-Cestat-Mum')
Section 206AA ÔMandatory PAN': Who ALL are covered? (See 'Guest Column')
Central Excise - valuation - value of pipes used for execution of turn key projects has to be arrived based on CAS 4 (See '2010-TIOL-369-Cestat-Mad')
Post Office Saving Bank: Penalty on pre-mature withdrawals rationalised (See 'Mixed Buzz')
UN announces first ever appointment of woman as UN Police Chief; Honour goes to Swedish police officer
Competition Commission of India initiates probe against banks, FIs for levying penalty on pre-payment of loans: Salman Khurshid
Call made on Customer care nos of mobile cos and decision to speak to customer executive is chargeable call: Minister informs Lok Sabha
Energy drinks covered under PFA Act: Minister (See 'Mixed Buzz')
Women Reservation Bill: SP, RJD create din in Lok Sabha; withdraw support to UPA Govt
Indo-French DTAA - ONGC awards contract to non-resident - sub-contract to sister concern - AO holds assessee as agent of employees of subcontractor who render technical services - it is not economic link but live payment nexus which must be established to hold assessee as agent: ITAT (See 'Breaking News' + '2010-TIOL-110-ITAT-DEL')
India's Debt Position - 300 Crores due from Pakistan for more than 60 years (See 'DDT' Column)
ST - Commercial Training - Demand for period prior to insertion of Expln in ST Rules regarding value of taxable service received prior to providing taxable service - prima facie case in favour but for later period post October 2004 appellant ordered to make pre-deposit: CESTAT (See 'Breaking News' + '2010-TIOL-366-Cestat-Mum')
CBDT seeks applications for OSD (FIPB) in FT& TR division (See 'Deputation' in Pitara)
Excise - When tariff heading provides characteristics of products and end use, it was duty of departmental officers to draw samples and get same tested - officers having failed to do this over a period of 3 years demand hit by limitation: CESTAT (See 'Breaking News' + '2010-TIOL-363-Cestat-Mum')
ST on Construction of Complex services becomes more 'complex' after Budget (See 'Budget Analysis')
I-T - issue of warrant - Tribunal rules against Revenue on ground that Addl Director is not authorised - Held, in view of amendment in Sec 132(1) vide Finance (No 2) Act, 2009 with retrospective effect from June 1st, 1994, matter is remanded (See '2010-TIOL-157-HC-DEL-IT')
Muster political will for credible fiscal reforms (See 'Ice Cubes Column')
ST- While confirming penalty, adjudicating authority has to go into merits to establish suppression of material facts with intention to evade payment of ST: CESTAT (See 'Breaking News' + '2010-TIOL-359-CESTAT-MUM')
Damage to biodiversity: No State has reported except Kerala, says Centre (See 'Breaking News')
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