Case Law Details
Case Name : Union of India & ORS. Vs M/S Travelite (India) (Supreme Court of India)
Related Assessment Year :
Courts :
Supreme Court of India
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
CA Sumit Grover
In August,2014, Hon’ble High Court of Delhi in the matter of UNION OF INDIA & ORS. v. M/S TRAVELITE (INDIA) pronounced that the se
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
As per the circular dated 10th Dec 2014, the Board has observed that vide notification 23/2014-ST dt,5-12-2014, the Central Government has inserted a new rule 5(A)(2) in the Service Tax Rules, 1994 and this rule provides for scrutiny of records by the audit party deputed by the Commissioner and such scrutiny essentially constitutes audit by the audit party consisting of departmental officers. It is further added that the expression “verified” used in Section 94(2)(k) of the FA, 1994 and would include audit by departmental officer. With this statutory backing now given, the Board has stated that the said judgment can now be distinguished as a clear statutory backing for the rule now exists in Section 94(2)(k) of the said Act.
Hi,
But I think govt issued one circular(circular No 181/7/2014 dated 10th Dec 2014, post which scenario has been changed and now govt has got the power to audit
Regards
Rakesh Panjwani
Thanks Sumit ji for keeping us updated.
Yes indeed this case might turn out to be a landmark judgement.
Sir,
I think this will lead to more harassment of assesse by deptt of excise and more corruption now.