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Saturday , May 30, 2015 | Updated : May 30, 00:24 IST
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NEWS FLASH
 
CESTAT about to get SIX New Technical Members - Ashok Kumar Arya + P M Saleem + K M Ravichandran + C J Mathew + Raju + R K Singla Services Sector logs over 10% growth in last fiscal; Financial, professional & real estate services record 11.5% growth (See 'Breaking News') G S Reddy appointed as Scientific Advisor to Defence Minister for two years LexisNexis India acquires Universal Law Publishing Titles Delhi HC declines to stay levy of service tax on jobwork for alcohol production Tariff value of gold and silver reduced but hiked for RBD Palmolein (See 'NT 49' in What's New) CBEC looking for deputationists in Board (See 'Deputation Posts' in Pitara) FM favours powers to consumers to file class action suits FM to inaugurate New Bank Note Paper Mill at Hoshangabad tomorrow; With one more JV at Mysore Govt to save forex worth Rs 1500 Cr annually With 7.5% growth in Q4 Indian economy ends last fiscal with 7.3% growth rate Pradeep Kumar Sinha, IAS (UP:77) appointed as next Cabinet Secretary Dr S Christopher appointed as Secretary & Development-cum-Director General, DRDO Media always wins, says Big B PM reviews preparations for International Yoga Day Import of Rolls Royce Ghost - If Govt in its wisdom introduces a scheme under FTDR Act, benefit of such legislation is to be made available by Customs - MoC is responsible for FTP and has final say: CESTAT (See 'Breaking News') Service Tax - Audit of the Audit (See 'DDT' Column) ST - Coaching - curriculum imparts skills to students in accounting, which enables them to get employment - Factual matrix recorded by Commissioner(A) not contested by Revenue hence are to be held as correct - Benefit of notification 24/2004 available: CESTAT (See 'Breaking News') New Service tax rate of 14% -Issues galore! (See 'ST se GST tak) Income tax - Whether any sum transferred to reserve fund is to be treated as business expenditure either under Ss 28 or 37 - NO: HC (See 'Breaking News') Service Tax - No Scrutiny of Assessment + ITAT Imposes Costs on CA (See 'DDT') Cus - CESTAT dismissing appeal for not complying with order of Pre-deposit of 50% - Sec 35F amendment cannot be restricted only for appeals filed after 06.08.2014 - Appellant directed to deposit 10% of duty confirmed: HC (See 'Breaking News') FEMA - Foreign Exchange Facility (See 'DDT') I-T - Whether where reassessment is pending then at this stage writ can be entertained and allowed merely on presumption that it would result into any adverse order: HC (See '2015-TIOL-1362') Neemuch CBN arrests four persons with opium CBI nabs Chief Manager of Madras Fertiliser Ltd accepting bribe M M Tiwari, IRS, goes to Department of Revenue for 5 years (See 'Deputation Posts') CBEC goes for Fresh Charge Allocation inculding Zonal Charge (See 'Service News in Pitara') J Pavitran Kumar, IRS appointed as Director (Finance) in Singareni Collieries If UPA left behind legacy of retro tax who stops Mr Jaitley from repealing it, says Chidambaram SC to hear Centre's petition on Delhi ACB acting against its officers
 


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