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Archive: 30 August 2017

Posts in 30 August 2017

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6993 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Interest on delayed Service Tax & TDS payment is allowable expense

August 30, 2017 89487 Views 0 comment Print

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 Revenue per its appeal are as under

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

August 30, 2017 4404 Views 0 comment Print

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 reversed. AO was, thus, directed to allow claim of assessee vis-a-vis depreciation on intangible asset under section 32(1)(ii).

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

August 30, 2017 4536 Views 0 comment Print

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.

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

August 30, 2017 5907 Views 0 comment Print

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

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

August 30, 2017 2001 Views 0 comment Print

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.

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

August 30, 2017 2985 Views 0 comment Print

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)

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

August 30, 2017 603 Views 0 comment Print

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 the following specified income arising to that Commission, namely:-

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

August 30, 2017 23616 Views 4 comments Print

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 column (3) thereof.

Protocol to amend India-Vietnam DTAA notified

August 30, 2017 1623 Views 0 comment Print

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

GST: CBEC notifies E- way rules and related forms

August 30, 2017 14103 Views 0 comment Print

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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