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Baba Ramdev-promoted FMCG companies caught in a pickle over GST fraudsI-T- As per settled position in law, if let out property remains vacant during whole of relevant AY, then its ALV is to be taken as NIL: ITATUttarakhand Govt cancels manufacturing licence of 14 products of PatanjaliI-T - If assessee has supplied raw materials or directed vendors to purchase from its associate to complete manufacturing, it is 'contract for sale' & not 'contract of work': ITATIMF okays USD 1.1 bn bail-out package for PakistanI-T - CIT(E) should decide afresh application in Form No. 10AB for grant of registration u/s 12A(1)(ac)(iii), if application of trust was rejected without following natural justice: ITAT3 police officers killed in shoot-out in CarolinaI-T - If PCIT himself was satisfied that there was no error in order of AO vis-à-vis irregularities noted by him initially, there can be no case for exercising any revisionary power u/s 263: ITATGaza protesters on Columbia Univ campus turn tin-eared to police warningsI-T - Extension given for getting special audit done u/s 142( 2A) suffers from multiple infirmities, then assessment order is held to be void ab-initio: ITATBus swings into gorge; 25 Peruvians killedI-T - Sale consideration received in cash in lieu of agreement of sale upon failure of deal, cannot be penalized u/s 271D: ITATBattle against cocaine cartel: 9 Colombian soldiers perish in copter crashI-T- Payment made by NSE to Core SGF is business expenditure allowed u/s 37(1): ITATICG, ATS Gujarat seize Indian fishing boat carrying 173 kg of narcoticsGST - No hearing notice sent - Petitioner was prejudiced inasmuch as he could not be present at the time of personal hearing and the case was decided in his absence adversely - Matter remanded: HCTwo-Day Critical Minerals Summit begins in New DelhiGST - A taxpayer's registration can be cancelled with retrospective effect only where consequences of customers being denied ITC are intended and warranted: HCSC stays HC order directing CBI to probe against WB officials’ role in teachers’ recruitment scamGST - Proper Officer has not applied his mind to the replies submitted but merely held that the same is not proper - This ex facie shows non-application of mind - Order set aside and matter remanded: HC9 killed as two vehicles ram into each other in ChhattisgarhGST - If the proper officer was of the view that the reply submitted is unsatisfactory, he could have sought further details from petitioner - Matter remitted: HCConsumer court orders Swiggy to compensate for failure to deliver Ice CreamGST - CBIC is directed to look into the issue of automatic generation of non-migrated GST numbers and take rectificatory steps to identify such non-migrated numbers and cancellation thereof: HCRequisite Checks for Appeals - Court FeeST - GTA Service supplied by assessee & Service Tax already paid by service recipient - same activity cannot be taxed again in hands of service provider under SOTG service - no scope for double taxation in statute: CESTATThe 'taxing' story of Malabar Parota, calories notwithstanding!CX - As Unit No. I is entitled to take CENVAT Credit of duty paid by Unit No. II, it is a revenue neutral situation, thus extended period of limitation cannot be invoked: CESTAT
 
Rajya Sabha to do overtime to debate and clear many pending bills

By TIOL News Service

Income Tax Department

NEW DELHI, MAR 14, 2015: FROM next week the Rajya Sabha will sit beyond 7 pm to take up the Governments's legislative and other business. The upper house is still to take up for consideration and returning the Appropriation Bills relating to the Demands for Grants on Account (Railways) for 2015-16 and Supplementary Demands for Grants for 2014-15. Discussion on Railway Budget has almost been concluded. Rajya Sabha will also take up discussion on General Budget for 2015-16 and related Appropriation Bills after they are passed by Lok Sabha next week. 

Another important business the Rajya Sabha is to take up next week will be consideration and passsing of the Mines and Minerals (Development & Regulation) Amendment Bill, 2015 and the Coal Mines (Special Provisions) Bill, 2015 as passed by Lok Sabha and to be reported by the respective Select Committees. The two Select Committees are to submit their reports on the respective Ordinance Replacement Bills by March 18, 2015. The two Ordinances will lapse on April 5, 2015 and need to be replaced by the Bills before the said date. As per the schedule announced, the Parliament is to be adjourned on March 20, 2015. The third Ordinance replacement Bill related to Land Acquisition is still to be introduced in the Rajya Sabha. 

The Business Advisory Committee of Rajya Sabha has alloted one hour for further discussion on the Mines Bill, two hours for the Coal Mines Bill next week and ten hours for General Budget. 

Of the six Ordinances to be replaced by Bills, Rajya Sabha has so far passed three Bills relating to Amendment of Citizenship Act, The Motor Vehicles Act and the Insurance Laws. Lok Sabha has passed all the six Ordinance Replacement Bills. 

The Government has also proposed consideration and passing of The Companies (Amendment) Bill, 2015 and The Regional Rural Banks (Amendment) Bill, 2015 in Rajya Sabha next week. 

For the next week in the Lok Sabha, the Government has proposed discussion on General Budget for 2015-16 and introduction, consideration and passing of Appropriation Bills relating to the Demands for Grants on Account for 2015-16, Supplementary Demands for Grants for 2014-15 and Excess Demands for Grants for 2012-13. For this, twelve hours time has been alloted. 

In addition, the Government has also proposed consideration and passing of The Constitution (Scheduled Castes) Orders (Amendment) Bill, 2015 as passed by Rajya Sabha this session, The Warehousing Corporation (Amendment) Bill, 2015, The Andhra Pradesh Reorganisation Act (Amendment) Bill, 2015 and the Repealing and Amending Bill, 2014, next week. 

During the first three weeks of the Budget Session, a total of ten Bills have been passed. These include six Ordinance replacement Bills by the Lok Sabha while Rajya Sabha has passed three of them relating to citizenship, motor vehicles and insurance sector besides the Constitution (Schedules Castes) Orders (Amendment) Bill, 2015. Lok Sabha has passed the Railway Budget. 

A novel feature of the current Budget Session has been that for the first time, new legislative proposals have been introduced in one house (Lok Sabha) while related Bills were pending in the other house (Rajya Sabha). Ordinances replacement Bills relating to allocation of coal mines, introduction of e-rikshaws and hiking FDI in insurance sector were introduced in Lok Sabha even as related Bills were pending in the upper house. When this issue was raised in Rajya Sabha, the Deputy Chairman has ruled that there was no restriction in doing so.


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