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

April 19, 2017 1386 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 879 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 2130 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 2298 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 1374 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 1974 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 1809 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.

Surgical strike on cash- accepting cash of Rs. 2 Lakh and more is an offence now- Section 269ST

April 18, 2017 27228 Views 7 comments Print

In India, the quantum of domestic black money is huge which adversely affects the revenue of the Government creating a resource crunch for its various welfare programmes. Black money is generally transacted in cash and large amount of unaccounted wealth is store and used in form of cash.

Options Available to an Exporter of Services Regarding Service Tax Paid on Input Services

April 18, 2017 10644 Views 0 comment Print

Its very often that exempted service are considered as any service on which service tax not payable by the assessee. But the term exempted service is explained in each rule itself. Export Services are not exempted service if those are provided and all the conditions laid down under Rule 6A of the Service Tax Rules, 1994.

The Ideas of India

April 18, 2017 1053 Views 0 comment Print

These are just some of the scientific ideas that India gave the world. Wouldn’t it be wonderful if many, many more Indians realise that in India reason has gone hand in hand with belief – and that is why a monk like Swami Vivekananda could say, “Is religion to justify itself by the discoveries of reason, through which every other science justifies itself? Are the same methods of investigation, which we apply to sciences and knowledge outside, to be applied to the science of religion? In my opinion this must be so, and I am also of the opinion that the sooner it is done the better. If a religion is destroyed by such superstitions, it was then all the time useless, unworthy superstitions, and the sooner it goes the better.

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