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Tuesday , July 22, 2014 | Updated : Jul 22, 22:38 IST
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NEWS FLASH
 
SC says NO to yet another bail plea by Sahara Chief PMO during Dr Singh’s tenure had intervened for extension of Madras HC Judge: Law Minister CENVAT - For claiming rebate from department, Service provider charging documentation processing charges - such services are availed in relation to 'financing' and hence treatable as 'Input Services' : CESTAT (See 'Breaking News') Minister calls for simple tax structure to promote greater tax compliance (See 'Mixed Buzz') Overseas borrowings become cheaper (See 'Budget Analysis') DoP&T notifies revised Rules for declaration of assets by Public Servants (See 'Mixed Buzz') Budget 2014 - Refueling investment in economy (See 'Budget Analysis') Issue of assets & liabilities - Govt notifies fresh rules for public servants to furnish information before Sept 15, 2014 Govt to step up efforts to incentivise organic food processing zones Appropriation Bill to be passed tomorrow (See 'DDT' Column) CX - Despite receipt of directions from Revenue, appellant failed to discharge duty liability - they also did not submit details to Revenue and continued to drag issue by prolonged correspondence - suppression of information is clearly established: CESTAT (See 'Breaking News') Conflicting views in computing 'P' in Rule 6 of CCR, 2004 (See 'ST se GST Tak' Column') 15 Crore Rupees for Income Tax Appellate Commissioners’ offices – E-Appeals soon (See 'DDT') I-T - Whether when MAT liability of assessee is found out only because of alertness of AO, levy of penalty u/s 271(1)(c) is legitimately warranted - YES: HC(See 'Breaking News') ST - Appellant, country liquor manufacturer, enters into selling agency agreement with HUF allowing them to use brand name 'Pahili Dhar' - No Service Tax is payable under IPR - Appeal allowed: CESTAT (See 'Breaking News') Union Cabinet to take final call on WTO trade facilitation pact this week Huge vacancies in teaching positions in 16 IITs & 30 NITs (See 'Mixed Buzz') Two Lakh appeals pending with CITs(A) - CAG (See 'DDT') PM congratulates Indian Cricket Team for Lord’s historic win I-T - Whether built up area of shops below or above stipulated criteria of 2,000 sq.ft., would make any difference for the purpose of claiming deduction u/s 80IB(10): ITAT (See '2014-TIOL-456') Hindon (Ghaziabad) notified for export & import of goods (See 'Cus NT' in What's New) Reserved names - MCA extends validity of expired names (See MCA Circular in 'TIOL Library') FM asks CCITs to unearth black money stashed abroad; Also encourages them to not only realise revenue target but also to surpass it (See 'Breaking News') Ruckus in Lok Sabha; MPs demand probe into Justice Katju's allegation in appointment of 'corrupt' Judge in Madras HC Govt looking into CAG observations on oil companies: Petro Minister Govt identifies 50 locations for small airports Achhe din for residents only? (See 'TII EDIT' in Taxindiainternationl.com) Did Lok Sabha pass the Budget? (See ‘DDT’ Column) Cus - Seizure of Gold from under sea - Captain of vessel arrested on charge of throwing gold into sea - Trial court acquits accused - Revenue's appeal dismissed: HC (See 'Breaking News') Finance Bill: The stamp of Babudom is evident (See 'Budget Analysis') Income tax - Whether disallowance u/s 14A can exceed total administrative expenditure debited by assessee in Profit & Loss account - NO: ITAT (See 'Breaking News')
 


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