"30 August 2017" Archive

Interest on delayed Service Tax & TDS payment is allowable expense

DCIT Vs M/s Narayani Ispat Pvt. Ltd. (ITAT Kolkata)

This appeal by the Revenue is directed against the order of Commissioner of Income Tax (Appeals)-XX, Kolkata dated 28.08.2014. Assessment was framed by ACIT, Range-3, Kolkata u/s 143(3) of the Income Tax Act, 1961 (hereinafter referred to as the Act) vide his order dated 11.01.2013 for assessment year 2007-08. The grounds raised by the Re...

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‘Right to collect toll’ being intangible asset eligible to depreciation U/s. 32(1)(ii)

ITO Vs M/s. Ashoka Highways (Bhandara) Ltd. (ITAT Pune)

Depreciation on right to collect toll being infrastructure and not on toll road, where cost incurred for development and construction of infrastructure facility was a right in nature of intangible asset falling within purview of section 32(1)(ii). Order of AO in amortizing expenditure over period of facility and allowing the same was reve...

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Calcutta HC explains who could be legal representative on death of Assessee

Arvind Kayan Vs Union of India (Calcutta High Court)

Definition of legal representative given in the Code of Civil Procedure, 1908 is inclusive in character and its scope is wide. It is not confined to legal heirs only. It may be a person who may or may not be the heir, competent to inherit the property of the deceased. ...

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MGST- Maharashtra Goods and Services Tax (6th Amendment) Rules, 2017

Notification No. 25/2017- State Tax 30/08/2017

Constitution of the Authority.- The constitution of the Authority shall be in accordance with the provisions of rule 122 of the Central Goods and Services Tax Rules, 2017...

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Anti-dumping duty on Styrene Butadiene Rubber (SBR)-Reg.

Notification No. 43/2017-Customs (ADD) 30/08/2017

Notification No. 43/2017-Customs (ADD) Seeks to impose anti-dumping duty on Styrene Butadiene Rubber (SBR),originating in or exported from European Union, Korea RP or Thailand....

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Anti-dumping duty, on Castings for Wind Operated Electricity Generators

Notification No. 42/2017-Customs (ADD) 30/08/2017

Notification No. 42/2017-Customs (ADD) Seeks to levy definitive anti-dumping duty, on Castings for Wind Operated Electricity Generators originating in or exported from China PR for a period of five years (unless revoked, superseded or amended earlier)...

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S. 10(46) Central Govt notifies Gujarat Electricity Regulatory Commission

Notification No. 84/2017-Income Tax [S. O. 2829(E)] 30/08/2017

S. O. 2829(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies for the purposes of the said clause, Gujarat Electricity Regulatory Commission, a Commission constituted under the Electricity Regulatory Commissions Act, 1998 , in respect of t...

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Section 10(18)(i)- Central Government specifies Gallantry awards

Notification No. 83/2017- Income Tax [S.O. 2830(E)] 30/08/2017

S.O. 2830(E).—In exercise of the powers conferred by sub clause (i) of clause (18) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government, hereby specifies the gallantry awards for the purpose of the said section, mentioned in column (2) of the Table below, awarded in the circumstances mentioned in corresponding...

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Protocol to amend India-Vietnam DTAA notified

Notification No. 82/2017- Income Tax [S.O. 2826(E)] 30/08/2017

S.O. 2826(E).—Whereas the Protocol amending the Agreement, signed at Ha Noi on the 7th day of September, 1994, between the Government of the Republic of India and the Government of the Socialist Republic of Viet Nam for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income...

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GST: CBEC notifies E- way rules and related forms

Notification No. 27/2017-Central Tax [G.S.R. 1121(E)] 30/08/2017

G.S.R. ( )E.:- In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government hereby makes the following rules further to amend the Central Goods and Services Tax Rules, 2017, namely...

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