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Justice Jora Singh appointed as full-fledged Judge of P&H High Court Billion-dollar Vodafone income tax case: Bombay HC to deliver judgement today Case reluctantly pursued - strictures against DRI - Commnr equated production of shipping bills to taking bath in Ganga which is supposed to wash away all sins - misdeclaration in obtaining advance licence - EO not fulfilled - Duty and Penalty upheld: CESTAT (See 'Breaking News' + '2010-TIOL-1161-Cestat-AHM') Customs Duty on Electricity - Retrospective Shock - Now some Relief (only for one?) (See 'DDT' Column) Income tax - Sec 234C - Can Revenue charge interest on mistakenly overstated income in ITR due to arithmetical error - NO, interest cannot be levied on non-chargeable tax: ITAT (See 'Breaking News' + '2010-TIOL-490-ITAT-MUM') GST - Is it really in interest of Public? (See 'ST se GST tak' Column) Respondents entered into tripartite pact with Bank and farmers under statutory obligation on them and amount which they have received is only handling charges - Activity not covered under BAS: CESTAT (See 'Breaking News' + '2010-TIOL-1160-Cestat-MUM') Duty Paid on non-dutiable/non excisable goods – Board issues notification (See 'DDT') I-T – whether deduction u/s 80IB(10) can be denied merely because assessee was awarded contract for housing project and it was not owned by assessee (See '2010-TIOL-486-ITAT-DEL') CVC appointment: BJP protests; complains to President; Sushma gives 'Dissent Note' Chennai CBI Court sentences Income Tax Officer D kandavel to one year RI in bribery case plus fine of Rs 20,000 Govt amends duty rates for electricity cleared to DTA from SEZ + also amends conditions for import of zipper, fastener etc (See Tariff 91 in "What's New') CBEC issues fresh Circular on courier regulations for manual and electronic mode (See Cir 33 in "What's New') Export of sugar: DGFT reintroduces system of Export release orders (See Cir 01 in 'What's New') Duty payment and availment of Cenvat Credit on wires drawn from wire rods: CBEC finds solution for non-reversal of credit only upto July 8, 2004 (See NT 28 in 'What's New') P J Thomas is new Central Vigilance Commissioner; Corporation Bank former CMD G M Garg and Karnataka cadre former IPS officer R Srikumar appointed as other two Vigilance Commissioners I-T - Sections 12AA, 32 - Whether a Charitable Trust which is tax exempt, is entitled to claim depreciation on capital assets: HC (See '2010-TIOL-615-HC-P&H-IT') Anti-piracy drive to be launched on PPP model: Minister (See 'Mixed Buzz') Service Tax - BAS - Promoting Real Estate Business in the air - PRE-DEPOSIT reduced to 60 Crores from 100 Crores: Delhi HC (See 'DDT' Column) Software is goods; whether transaction would amount to sale or service would depend upon individual transaction; Parliament has legislative competency to enact law in respect of tax on service: Madras HC (See 'Breaking News' + '2010-TIOL-620-HC-MAD-ST') CENVAT Credit on services used subsequent to manufacture - CESTAT Order Stayed (See 'DDT' Column) Income tax - Capital gains - Effective date of transfer of property - Date of Sale Deed or date of possession - Date of possession, says ITAT (See 'Breaking News' + '2010-TIOL-485-ITAT-MUM') Rising corruption graph: Nhava Sheva Customs back in news; CBI arrests Joint Commissioner in DA case (See 'Mixed Buzz') Issue cannot be referred to Larger Bench on account of prima facie disagreement with view taken by Tribunal in earlier orders: CESTAT Larger Bench (See 'Breaking News' + '2010-TIOL-1155-Cestat-DEL-LB') Developments in 'locus jurisprudence' before AAR in matters under Customs Act (See 'TIOL Special Guest')
 

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