respondents

Tribunal has inherent power to dismiss an appeal for non-appearance of appellant

The Tribunal dismissed the excise appeal of the assessee for non-appearance. The application filed by the assessee for restoration of the appeal was also dismissed. The dismissal was challenged before the High Court on the ground that under s. 35C of the Excise Act (corresponding to s. 254 of the Income-tax Act) the Tribunal had no power to dismiss an appeal for non-appearance of the Appellant. It had to decide on merits. HELD:
Full Article

Brokers oppose move to extend trading hours

The two largest exchanges in the country may not be extending their trading hours any time soon as brokers’ bodies are vehemently opposing the suggestion.A survey by the Bombay Stock Exchange Brokers Forum says that 79 per cent of the members of the forum areagainst the extension of trading hours on the exchanges.
Full Article

Services covered under BAS can not be classified as C&F Agent Service

SUMMARY OF CASE LAW The activity of marketing agents was brought under the tax net with effect from 1-7-03 when BAS was introduced; same services could not be classifiable under C&F Agent Service for any previous period as the scope of C&F Agent service was not modified when BAS was introduced in the Finance Act, [...]
Full Article
Copyright © TaxGuru 2011. All Rights Reserved.
About Us - Advertise - Privacy Policy - Back to top