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S. 254(2) Tribunal cannot condone delay in filing MA but HC can

July 12, 2018 3174 Views 0 comment Print

Though the Tribunal has no power u/s 254(2) to condone delay in filing the MA, the High Court has power under Articles 226 and 227 of the Constitution of India to do substantial justice by condoning the delay.

No service tax on Election Photo ID preparation under Photography Services

July 12, 2018 3090 Views 0 comment Print

Ms. Webel Technology Ltd. Vs Commissioner of Service Tax (Calcutta High Court) Petitioner was awarded two contracts for preparation of Electoral Photo Identity Card (EPIC). The petitioner has suffered the impugned show-cause notice calling upon the petitioner to pay service tax as according to the department, the preparation of EPIC includes taking of photographs of voters […]

S.54 Assessee to offer exemption claimed to tax on return of money given to builder

July 12, 2018 1140 Views 0 comment Print

Suhas Vasantrao Joshi Vs DCIT (ITAT Ahmedabad) If an assessee booked a flat under self-finance scheme of DDA or any other similar situated institutions, then it would be construed that the assessee has fulfilled conditions enumerated in section 54 and would be entitled for the exemption. In the present case also the assessee has booked […]

Manufacturer can claim Terminal Excise Duty Refund on supply of Goods to 100% EOU

July 12, 2018 7566 Views 1 comment Print

In the instant case supplies of goods were made by the petitioner to other divisions of MSSL which had a status of EOUs. The pivotal point is that the FTP 2009-2014 conferred a right on the petitioner, who, admittedly, was a DTA supplier, at the relevant point in time, to seek refund of TED, as the supplies had been made to 100% EOUs, albeit, under a non-ICB route.

DGFT prohibits Import of Oxytocin

July 12, 2018 582 Views 0 comment Print

Notification No. 19/2015-2020- Central Government, hereby amends policy conditions of following Exim Codes as under:Import of Oxytocin, is Prohibited

Vishakhapatnam port added for import of new vehicles

July 12, 2018 417 Views 0 comment Print

Vishakhapatnam port is being added to the list of 15 esting ports/ICDs, thereby taking the total number of ports/ICDs to 16, for importing new vehicles.

Provisions for Compounding of Offences under GST are Very Stringent

July 12, 2018 2259 Views 0 comment Print

Calcutta High Court modifies bail conditions for GST evasion accused. Analysis of court order on stringent provisions, tax determination, and compounding under GST Act

Small Taxpayers- Avail benefits of Presumptive Taxation Scheme- CBDT

July 11, 2018 4053 Views 2 comments Print

Small Taxpayers (Businesses&Professionals) should file their return on or before 31st july 2018 (Due date for filing Income Tax Return for A.Y. 2018-19). File Early Beat The Rush

Monitoring of shipping bills on which drawback has been claimed

July 11, 2018 2931 Views 0 comment Print

Monitoring of realisation of export proceeds which is required to be done online from the RBI-BRC module on shipping bills on which drawback has been claimed & disbursed

25% Depreciation allowable on License to run container trains on Indian Rail Network

July 11, 2018 2409 Views 0 comment Print

The present appeals have been filed by assessee against the order dated 21.07.2014 of the Ld. Commissioner of Income Tax (Appeals)-VI, New Delhi pertaining to the Assessment Years (A.Y.) 2007-08 and 2008-09 on the  following common grounds.

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