Industrial growth nosedived to 2.7 per cent in November 2010 against 11.3 per cent in the same period a year-ago, pulled down by dismal performance of manufacturing sector, particularly the consumer non-durables. In October 2010, the Index of Industr
THE Central Bureau of Investigation has arrested an Income Tax Officer of Central Revenue Building, Civil Lines, Raipur for demanding and accepting a bribe of Rs.20,000/- from the complainant. A case was registered against Income Tax Officer, Central Revenue Building on the allegation that the accused had demanded a bribe of Rs 30,000/- from the complainant for settling an Assessment Case (Assessment Year 2008-09) in his favour. The bribe amount was, however, reduced to Rs 20,000/- subsequently.
Setting aside apprehensions by India Inc, Government is all set to go ahead with making it mandatory for companies to rotate their auditors every five years. Corporate affairs minister Salman Khurshid will push for such an amendment in the new compan
Section 44 of the KGST Act is very clear and it stipulates that it is only the dealer of tea on whom the assessment has been made and it is only he who can claim for refund of tax. In view of the clear and unambiguous position, the appellant cannot claim for refund of tax collected from the seller of tea. It is clearly provided in the principles of Interpretation of Statutes that when the meaning and the language of a statute is clear and unambiguous, nothing could be added to the language and the words of the statute.
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