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ST - Demand of differential amount of service tax alleging that entire amount collected by PCO operator is subject to levy of service tax cannot sustain for period prior to 01.03.2011: CESTATIndia almost ready with Rs 600 Crore Chandrayaan-2Govt launches Study in India Portal for foreign studentsAfter issuance of SCN, write to noticees about availing window of Settlement Commission for early settlement of disputes - CBIC instructs fieldCBDT Diktat on Misconduct - But, Mr Prime Minister, Actual High-handedness lies in Revenue Target Fixation!Government imposes definitive anti-dumping duty on Glassware imported from PR China and IndonesiaPunjab Govt invites nomination for post of Special Secretary, GSTInsolvency and Bankruptcy Code - On failure to deposit installments as directed in court order, by JAL Court can attach personal properties of its directors - SC (See 'Legal Desk' in 'CorpLaws.com')Competition Act - Company is duty bound to notify bulk deal of acquisition of shares to commission in accordance to section 6(2) of the Act when Press Release indicates that acquisition is not merely an investment but is part of long term deal - SC (See 'Legal Desk' in 'Corplaws.com')Competition Act - Penalty for not furnishing information u/s 43A is imposable where information is not disclosed with mala fide intention: SC (See 'Legal Desk' in 'Corplaws.com')I-T - Non-obstante provisions of Ss 153A & 153C do not override mandatory provisions of Sections 142(2) & (143(2): HCI-T - Profit yielded by power companies should not be refused for deductions u/s 80IB, just because power generated by company is captively consumed: ITATI-T - Appeal filed before Aaykar Seva Kendra and later transferred to CIT(A) would not be barred by limitation: HCST - Appellant is entitled to CENVAT credit on input services used for construction of immovable property which is ultimately rented out: CESTATCX - Disallowance of CENVAT credit availed on services in proportion to value of clearance of inputs as such does not have backing of law : CESTATCBDT warns of action as plaints of misconduct pour inGovt plans to accelerate growth of districts by 3 per centPM addresses Indian Community in StockholmLaw Commission favours application of RTI Act provisions to BCCIRefund of GST on account of inverted duty structure - formula in rule 89 of CGST Rules corrected to also incorporate reference to turnover and tax payable on account of servicesCGST Rule 89 amended, rule 97 substituted1.3 crore e-Way Bills generated till yesterday; Six more States going for intra-state optionNorth Block says printing of Rs 500 currency notes to be enhanced by five timesIllegal constructions in Kasauli come under SC radar; Demolition orderedST - Standard Chartered Bank undertook collection of export proceeds through their office in UK who retained a part of amount towards collection charges No ST liability on appellant under reverse charge: CESTATApplicability of GST on high sea saleElectoral bonds have built-in security features: GovtAdvance Ruling - The New Goose ( See 'JEST GST on GST Home Page')
 
Ranchi Pr CIT remanded in four-day police custody

By TIOL News Service

RANCHI, JULY 14, 2017: THE Central Bureau of Investigation has arrested a Principal Commissioner of Income Tax, Ranchi in an ongoing investigation of a case. The arrested accused was produced yesterday in the court of Special Judge, Ranchi and remanded to four days Police Custody.

It may be recalled that CBI had registered a case against Principal Commissioner of Income Tax, Ranchi; Additional CIT, Ranchi; ITO (Tech), Ranchi; Another Officer of Income Tax, Ranchi; six private persons and other unknown public servants/private persons/companies on the allegations of criminal conspiracy, illegal gratification and criminal misconduct. Searches were conducted at the premises of accused persons at 23 locations (18 at Kolkata & 05 at Ranchi).

As per the CBI Press Release, in the case so far, a total cash of Rs. 3.7 crore, 6.6 kg. gold and some incriminating documents including document related to a flat worth Rs. 4 crore were recovered during the search at the premises and one locker of Principal Commissioner of Income Tax. The other locker is being operated. The documents recovered during searches at the premises of accused persons are being scrutinized. Further investigation is continuing. 


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