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ST - Chit Funds - Tax was not paid under mistake of law but upon demand by tax authorities - Refund not having been filed within time was rightly rejected: HCGST - Without considering the reply on merits, proper officer, without applying his mind has held that the reply is filed is unsatisfactory and, therefore, he is left with no alternative but to create demand - Order set aside and matter remitted: HCGST - Cancellation of registration retrospectively - Show Cause Notice and the impugned order are bereft of any details, accordingly the same cannot be sustained: HCGST - Registration could not have been cancelled retrospectively for the period for which returns were filed and taxpayer was compliant: HCGST - Notfn 11/2017-CTR amended by 03/2022-CTR - Work contracts executed before 18 July 2022 - Petitioners should file refund claims before respondent authorities agitating their grievance and the same be examined and orders passed within four months: HCItaly imposes USD 10 mn fine on Amazon for unfair business practicesGST - Entire tax liability has been realised by appropriating the amount from the petitioner's bank account, therefore, Revenue interest stands fully secured - Since tax proposal was confirmed without participation of petitioner, order set aside and matter remanded: HCCaste Census is my mission, says RahulRight to Sleep - A Legal lullabyUS warns Pak of punitive sanctions against trade deal with IranI-T- Income surrendered before approaching Settlement Commission not covered u/s 115BBE, where this provision did not exist during relevant AYs: HCChinese companies decry anti-subsidy probe by EUI-T- Entire interest expenditure is allowable as deduction if loan funds is not diverted for non-income earning activities/personal purposes : ITATUK’s key water supplier, Thames Water, slips into financial quagmireI-T- Sale consideration cannot be considered as unexplained cash credit if sale takes place in online platform and sale consideration is received through stock broker in banking channels : ITATUK to send military aid package worth USD 619 mn to UkraineI-T- Section 69C includes expenditures reflected in account books, as well as those discovered during Search & Seizure for which no valid explanation is forthcoming from assessee: ITATUS regulator bans non-compete agreements by employeesI-T- Penalty imposed u/s 273B upheld where assessee unable to provide just cause for failure to file audit report within prescribed due date as per Section 44AB: ITATPalestinian PM unveils new reform packageI-T- Assessee cannot contest validity of penalty notice on grounds of irrelevant provision not being struck off, by highlighting such defect for the first time before ITAT itself: ITATAir India, Nippon Airways join hands for travel between India and JapanGovt receives 7 bids for giga-scale Advanced Chemistry Cell under PLI10 killed as two Malaysian Military copters crashI-T- Lower authorities erred in disallowing long term capital loss : ITATSC grills Baba Ramdev & Balkrishna in misleading ad case1351 candidates to contest in phase 3 of LS ElectionsI-T- Revisionary order u/s 263 invalidated where passed in ignorance of repeated factual submissions to prove that original assessment order is not erroneous or prejudicial to revenue's interests: ITATIndian Coast Guard, Oman Coast Guard to jointly combat transnational illegal activities at seaST - Department cannot retain any amount which is otherwise not payable by the Assessee; nothing acts as embargo on assessee's right to demand refund of tax paid under misaken notion: CESTATAFMS, ICMR join hands to undertake biomedical research for Armed ForcesCus - If noticee seeks Cross Examination of such persons, same should be granted, appellant will produce all documentary evidence before Adjudicating Authority in support of their claim that seized gold is part of their normally procured gold in course of their commercial transactions: CESTAT
 
CCITs' Annual Conference: CBDT to focus on non-adversarial tax regime

By TIOL News Service

NEW DELHI, MAY 24, 2015: THE Union Finance Minister, Mr Arun Jaitley, will inaugurate the 31st Annual Conference of Principal Chief Commissioners of Income Tax, Principal Director Generals of Income Tax, Chief Commissioners of Income Tax and Director Generals of Income Tax in the national Capital tomorrow.

Mr Jayant Sinha, Minister of State for Finance, Mr Shakti Kanta Das, Revenue Secretary, the senior officials of Revenue Department including M Anita Kapur, Chairperson, CBDT and Members of Central Board of Direct Taxes (CBDT) along with the senior officers of the Ministry of Finance and Income Tax Department will also attend the aforesaid Conference.

The thrust areas at two day Conference are non-adversarial tax regime, expeditious settlement of taxpayers’ grievances and significant expansion of tax base. The participants will deliberate on the strategies to achieve the goals of the Department in these areas. The participants will also deliberate on matters pertaining to income tax investigations and issues relating to human resource development among others. Target for Revenue Collections in case of Direct Taxes has been fixed at Rs.7,97,995 crore during Financial Year(B.E.) 2015-16 which is 14.66 higher than the actual collections of Rs 6,95,988 crore during 2014-15. Besides it, various strategies for revenue augmentation including to augment Advance Tax, TDS Collections, Regular Assessment Tax Collections, Self Assessment Tax, and Dividend Distribution Tax among others will also be discussed during the two day Conference.

The participants will also be addressed by two Guest Speakers, Mr Arvind Panagariya, Vice Chairman, NITI Aayog and Mr Babasaheb Neelkanth Kalyani, Chairman and Managing Director (CMD), Bharat Forge Ltd.

The Conference will provide an opportunity to senior officers of the Income Tax Department to brainstorm and firm-up their approach in regard to priority concerns of the Department. Further, they would share their expertise and domain knowledge and learn from each others’ experiences to better achieve the Department’s objective of providing quality tax payer services in a non adversarial manner. The environment so created is expected to remove barriers to compliance and lead to significant increase in the number of tax payers over the year.


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