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Archive: May, 2018

Posts in May, 2018

Officers can Intercept conveyance under Inter & Intra-State Movement in Rajasthan

May 25, 2018 870 Views 0 comment Print

Rajasthan Government empower Additional Commissioner, State Tax, Anti Evasion, Joint Commissioner (Adm.), Anti Evasion and all the Joint Commissioner (Adm.), State Tax to authorize the proper officer to intercept any conveyance to verify the e-way bill in physical or electronic form for all inter-state and intra-State movement of goods in their respective territorial jurisdiction and to carry out the physical verification of intercepted conveyances.

No wealth tax on land used for business purpose by construction / set up of office and service centre

May 25, 2018 2730 Views 0 comment Print

Dongfang Electric (India) P Ltd Vs DCWT (ITAT Kolkata) Assets deployed for service activities are treated as productive assets and accordingly the construction / set up of office and service centre by the assessee and used as such for its business purposes would be outside the ambit of wealth tax in the same manner in […]

Trade/Sale/Purchase of Securities by Trusts of EPF Exempted Establishments – Reg.

May 25, 2018 6126 Views 0 comment Print

It is clarified that the Trust of exempted establishment are required to obtain the prior permission of Regional P.F. Commissioner for selling of securities if and only if the Trusts have to utilize the amount obtain4 through sale of securities for meeting the obligatory expenses arising out of any of the reasons mentioned in condition no. 20 itself.

ITC of GST on Mahua/Rice Bran Oil cake used in manufacture of solvent extracted oil partially allowable

May 25, 2018 1905 Views 0 comment Print

In Re Khanelwal Extractions Ltd (GST AAR Uttar Pradesh) a) Whether Mahua De-oiled cake/ De-oiled Rice Bran being used as an ingredient of Cattle Feed, Poultry Feed and other animal feeds and is ‘Waste generated’ during the Solvent Extraction process? Ans. – Mahua De-oiled cake/ De-oiled Rice Bran is a by-product occurred during the Solvent […]

ITC of GST on purchase of Mahua/Rice Bran Oil cake used in manufacture of solvent extracted oil

May 25, 2018 2595 Views 0 comment Print

In re Indo Prosoya Foods Pvt. Ltd. (GST AAR Uttar Pradesh) a) Whether Mahua De-oiled cake/ De-oiled Rice Bran being used as an ingredient of Cattle Feed, Poultry Feed and other animal feeds and is ‘Waste generated’ during the Solvent Extraction process? Ans. – Mahua De-oiled cake/ De-oiled Rice Bran is a by-product occurred during […]

AIRs of Duty Drawback on Silver Jewellery and Silver Articles

May 25, 2018 906 Views 0 comment Print

Regarding amendment in notification No. 89/2017-Cus (N.T.) dated 21.09.2017 relating to AIRs of Duty Drawback on Silver Jewellery and Silver Articles

Mere allegation by investigation dept not sufficient to prove Bogus Capital gains from penny stocks

May 25, 2018 12921 Views 0 comment Print

Meenu Goel Vs ITO (ITAT Delhi) The assessee has submitted various documentary evidences to prove the genuineness of the transaction of sale and purchase of shares which includes a copy of purchase bill dated 22.02.2010; a copy of share transfer form in the favour of the assessee; Copy of bank statement highlighting the payment made […]

Seeks to amend Notification No. 44/2017-Customs (ADD) dated 12.09.2017

May 25, 2018 1038 Views 0 comment Print

Central Government, hereby makes the following amendment in Notification No. 44/2017-Customs (ADD) dated 12.09.2017- In the said notification, in the TABLE, against serial number 1, in column (7), the entry Euro Chem Trading GMBH Through Rawfert Offshore Sal, Lebanon shall be substituted.

Anti-dumping duty on imports of ‘Saturated Fatty Alcohols

May 25, 2018 4398 Views 0 comment Print

NOTIFICATION No. 28/2018-Customs (ADD) Seeks to impose definitive anti-dumping duty on imports of ‘Saturated Fatty Alcohols originating in, or exported from Indonesia, Malaysia and Thailand

AO cannot reopen the case without bringing something new on record

May 25, 2018 7155 Views 0 comment Print

Challenging the order dated 28/01/2016 of CIT(A)-8,Mumbai,the Assessing Officer (AO) has filed the present appeal. The assessee has raised a Cross Objection for the same.Assessee – company engaged in providing cellular mobile services and trades in accessories filed its return of income at Rs.Nil after set off of brought forward business loss.

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