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Amendment to MVAT Notification u/s 8(3C)-Textile processors

April 19, 2017 1413 Views 0 comment Print

Government of Maharashtra hereby amends the Government Order, Finance Department, No. VAT-1507/C.R.70/Taxation-1, dated the 21st February 2008 as follows, namely

MVAT Notification u/s 8(3D)-Sizing and warping of yarn

April 19, 2017 1413 Views 0 comment Print

If the tax has been paid or otherwise recovered in part or full, during the period starting on the 1st April 2005 and ending on the 31st March 2016, on the transfer of property in goods, involved in the sizing and warping of yarn, then the exemption shall be subject to the following conditions : —

Reg. Committee to dispose disciplinary cases in Profession Institutes

April 19, 2017 1110 Views 0 comment Print

The Government, in supersession of its earlier Order dated 27th March, 2017 has issued a revised Order dated 10th April, 2017 amplifying the Terms of Reference of the High Level Committee to look into issues related to disposal of the disciplinary cases in the professional Institutes.

Petition filed in SC to make Hindi compulsory in Class I to VII

April 19, 2017 1641 Views 0 comment Print

Study of Hindi should be compulsory for all the students of I-VIII standard, so that all the Indian citizens can easily communicate with each other. It will promote fraternity, unity and national integration, the great golden goals as set out in Preamble of the Constitution.

SC orders Auction of Sahara’s Ambey Valley City; Subrata Roy to attend on 27.04.2017

April 19, 2017 1047 Views 0 comment Print

As no amount has been deposited by the contemnor, we are inclined to go ahead with auction for the Aamby Valley City near Lonavala, Maharashtra. Let the matter be listed at 2 p.m. on 27th April, 2017, on which day, the contemnor, Mr. Subrata Roy Sahara, shall remain personally present before this Court.

Conditions for Admitting appeal U/s. 130E(b) of Customs Act: SC

April 19, 2017 2526 Views 0 comment Print

SC held that before admitting an appeal under Section 130E(b) of the Customs Act, the following conditions must be satisfied: (i) The question raised or arising must have a direct and/or proximate nexus to the question of determination of the applicable rate of duty or to the determination of the value of the goods for the purposes of assessment of duty. This is a sine qua non for the admission of the appeal before this Court under Section 130E(b) of the Act.

Sec. 68 Mere Establishing Identity of Creditors is not sufficient

April 18, 2017 2610 Views 0 comment Print

It, therefore, further logically follows that the creditor’s creditworthiness has to be judged vis-a-vis the transactions, which have taken place between the Assessee and the creditor, and it is not the business of the Assessee to find out the source of money of his creditor or of the genuineness of the transactions, which took between the creditor and sub-creditor and/or creditworthiness of the sub-creditors, for, these aspects may not be within the special knowledge of the Assessee.

TDS cannot be adjusted against Payment made under VDIS

April 18, 2017 1698 Views 0 comment Print

This Petition under Article 226 of the Constitution of India challenges a communication dated 18th March, 1998 of the Commissioner of Income Tax, Mumbai City­ III and the Circular dated 25th July, 1997 of the Central Board of Direct Tax (CBDT).

Delhi HC Clarifies Limitation period for Appeal filing by Revenue

April 18, 2017 2217 Views 0 comment Print

The central question that arises for consideration before this Bench is whether the words “the Principal Chief Commissioner or Chief Commissioner or Principal Commissioner” in Section 260A (2) (a) of the Income Tax Act, 1961 (‘Act’) mean only the ‘jurisdictional’ Principal or Chief Commissioner of Income-tax (CIT) or could it include any CIT including the […]

Erection / Installation work supervision by Consulting Engineer is taxable service

April 18, 2017 2046 Views 0 comment Print

Appellant was supervisor to provide technical assistance for the purpose of erection and installation. Therefore Revenue is correct in its approach to bring the service provided by the appellant as Consulting Engineer, providing consultancy for the said service.

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