"18 March 2017" Archive

Section 35F do not bar Pre-Deposit out of CENVAT Credit Account

M/s.Manaksia Ltd. Vs Commissioner of Central Excise, Haldia (CESTAT Kolkata)

In view of the above observations, the view taken by the First Appellate Authority, that deposit under Section 35F (i) cannot be made from CENVAT Credit Account, is not the correct appreciation of law so long as the CENVAT Credit is permissible for utilisation as per Rule 3(4) of the CENVAT Credit Rules, 2004. Accordingly, appeal filed ...

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No deduction denial for mere non approval from Prescribed Authority: HC

M/S Shrikar Hotels Pvt. Ltd. Vs CIT (Allahabad High Court)

HC held that that it was inappropriate and illegal on the part of Director General, Income Tax (Exemptions) not to take a decision on Assessee's application filed for seeking approval as required under Section 80IB(7)(c). ...

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Bombay HC on eligibility for Benefit of Kar Vivad Scheme,1998

Sadhana Textile Mills Private Ltd., Vs Union of India (Bombay High Court)

In the light of the above factual position and the two Judgments of the Hon'ble Supreme Court of India, it is conceded equally by the Department that their stand, as contained in the impugned letter, is unsustainable in law. The matter is covered by the said two Judgments. In the circumstances, we allow this writ petition and quash and se...

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Corporate veil can be lifted if Company is used as a means to evade tax

Ajay Surendra Patel Vs DCIT (Gujarat High Court)

Hc held that opinion that such a huge tax evasion cannot be so lightly permitted on account of any hyper-technicality. The concept of lift or piercing of corporate veil, as sometimes referred to as cracking the corporate shell, is applied by the Courts sparingly...

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CBEC Partner Connectivity Protocol

CBEC Partner Connectivity Protocol – Solution for CBEC field formations managed by Custodians (under the HCCAR, 2009) requiring IT infrastructure and connectivity with CBEC Data Centre...

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Posted Under: Excise Duty |

Invitation for Free Research Proposal from CBDT & CBEC officers

F.No. TPRU/2016-17/5 (14/03/2017)

With the aim of creating capacity for research amongst the officers of the Income Tax Department and the Customs and Central Excise Department, it has been decided to introduce a scheme of free research from departmental officers....

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Draft Contract Labour (Regulation and Abolition) Central Amendment Rules, 2017

Notification No. G.S.R. 257(E) (17/03/2017)

All wages shall be paid in current coin or currency notes or by cheque or by crediting the wages in the bank account of the workman:...

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Procedure for dealing with “shipping bill copies”

Public Notices No. 36/2017-JNCH (17/03/2017)

Procedure for dealing with shipping bill copies consequent to doing away of Exchange Control Copy and Export Promotion Copy of shipping bill ...

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Regarding Export of Factory Stuffed refrigerated container

Public Notices No. 35/2017-JNCH (17/03/2017)

Members from trade exporting goods in Refrigerated containers have again requested for reconsideration of Public Notice 174/2016 dated 15.12.2016 & Public Notice No. 03/2017, dated 09.01.2017, wherein it was clarified that:...

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Automation of Refund claims and Manual Brand rate drawback claim

Public Notices No. 34/2017-JNCH (16/03/2017)

Implementation of Phase-I of Automation of Refund claims and Manual Brand rate drawback claim i.e. Digitization of Refund claims and Manual Brand rate Drawback claims at JNCH, Nhava Sheva – Reg....

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