ITAT held in Sumitomo Corporation India Pvt. Ltd. Vs. DCIT that if the case of assessee was decided in the earlier assessment years and if the facts and circumstances were same as in the previous years ,then in the current year also same basis for assessment should be adopted.
CIRCULAR NO. 30 OF 2015-16 The department had started issuing central statutory forms online without any manual intervention since the middle of year 2012. Central statutory forms/declarations are mainly required by the dealers for making inter-state purchases at concessional rate or for inward stock transfer. The details of such inward supplies are recorded by dealers in Annexure 2A filed along with return. The system is functioning smoothly as all facilities have been provided on the portal for downloading the forms according to the need of the buyers.
Notification No. 54/2015-Customs (ADD) Whereas, the designated authority, vide notification No. 15/8/2014-DGAD, dated the 15th July, 2014, published in the Gazette of India, Extraordinary, Part I, Section 1, had initiated a review in the matter of continuation of anti-dumping duty on imports of Carbon Black used in rubber applications (hereinafter referred to as the subject goods) falling under Chapter 28 of the First Schedule to the Customs Tariff Act, 1975
Notification No. 111/2015-Customs (N.T) S.O. 3112(E). In exercise of the powers conferred by clauses (b) and (c) of sub section (1) of section 7 of the Customs Act, 1962 (52 of 1962), the Central Board of Excise and Customs hereby appoints the places in column (2) of the TABLE below as Land Customs Stations for the purpose of clearance of baggage of Indian enclave dwellers coming from Bangladesh to India through the routes specified in column (3) of the TABLE below, namely:-
It is said that MONEY is your best friend. This is true to large extent as Money/Finance is our primary means of living. It is required to meet our day to day expenses, children education and wedding expenses, hospitalization expenses, to purchase of residential/commercial house/property and finally to meet our living expenses during retirement period.
Hard work is the essence of the whole universe. There are many routes to a place, but success has only one route. i.e. Hard work which is the shortcut also. Hard work has no substitute either. It gives pleasure, satisfaction, and experience to anybody. Many people don’t believe in the hard work but prefer lethargy to suit their convenience.
The Finance Act, 2015 has empowered the Central Government to impose Swachh Bharat Cess (SBC) upto 2% on value of taxable service. Recently Central Government vide Notification No.21/2015-Service Tax, dated 6th November, 2015 has imposed SBC at the rate of 0.5% on all the taxable services w.e.f 15th November, 2015.
The Petitioner is carrying on business of fabrication and erection of plants, structures etc. The Petitioner undertakes the projects on turn key basis as well as on work contract basis. The Petitioner has been registered as an assessee with the Service Tax Department since 2008.
The CESTAT Ahmedabad in the case of M/s Quippo Energy Private Ltd. vs. Commissioner of CE & ST held that the activities carried on by the assessee on imported gensets results into existence of a more functional & operational product catering the needs of industrial consumers
ITAT-Ahmedabad In the case of M/s Shiv Associates v DCIT quashed the notice u/s 153C relying on the Judgment of the similar case related to the assessee in which the notices u/s 153C were quashed as no satisfaction was recorded by the AO.
