Taxindiaonline.com Taxindiaonline.com Taxindiainternational.com HRindiaonline.com
 
LOGIN
Forgot Password |  Register
Tuesday , November 25, 2014 | Updated : Nov 25, 20:46 IST
Income Tax    Customs    Excise    Service Tax    FEMA    DGFT    SEZ    Misc    Pitara    Budget   
About Us Contact Us Advertise
Taxindiaonline.com Taxindiaonline.com Taxindiainternational.com
NEWS FLASH
 
Contribute Rs 1 Crore to Swachh Bharat Kosh and receive acknowledgement signed by PM himself India, USA resolve to enhance bilateral trade (See 'Mixed Buzz') RBI issues fresh direction on routing of funds raised overseas to India (See Cir 41 in 'What's New') Capital Goods Scheme - Govt earmarks Rs 581 Cr as budgetary support (See 'Mixed Buzz') Govt sets up panel to review and simplify E-Forms under Companies Act: Jaitley RBI willing to arm banks with more flexibility to recast bad corporate loans: Rajan I-T - Whether bifurcation of a sale transaction involving land and building into separate part is permissible for purpose of computation of capital gains - YES: HC (See '2014-TIOL-2052') Govt debt rises by 2.7% in Q2 (See 'Mixed Buzz') Cabinet to decide soon on merger of PIO and OCI Schemes (See 'Mixed Buzz') ACC clears key appointments - Rajive Kumar is New Shipping Secretary + Anjuly Chib Duggal goes as Spl Secy in MCA + Sunil Soni goes as Spl Secy in Ministry of Overseas Indian Affairs Ruckus in Lok Sabha over Black Money; Trinamool Congress MPs carry Umbrella with slogans - 'Bring Back Black Money' Trichy Customs seizes gold bars worth Rs 1.2 Crore smuggled through Lanka route ST - Appellant promoting products of foreign counterpart by way of advertising, marketing and consequently procuring orders for foreign supplier who delivers goods in India - service qualifies as export - Refund admissible: CESTAT (See 'Breaking News') Once appellant pays mandatory amount prescribed u/s 35F of CEA, 1944, no separate order of Stay is required for balance amount of demand (See 'DDT' Column) Income tax - Whether when assessee has received certain services and also accepted claims for same, such expenditure is not allowable u/s 37(1) merely because provisions were made close to AY and bills were not received - NO: HC (See 'Breaking News') Twenty Two Questions on GST (See 'ST se GST tak' Column) CENVAT - When there is no dispute regarding receipt of inputs, therefore, whatever tax has been paid by appellant on Inward Transportation Service is entitled for input service credit - Appeal allowed: CESTAT (See 'Breaking News') Government reiterates Instructions to babus on how to treat MPs (See 'DDT') Cus - Notf. 77/2008 is effective from 00 hours of 13/06/2008 - Since 'Let Export Order' has been given on 13/06/2008, rate of duty relevant for assessment would be rate prevalent on 13/06/2008 - Benefit available: CESTAT (See 'Breaking News') Delhi-Kathmandu-Delhi Bus Service to be flagged off today (See 'Mixed Buzz') Govt prescribes Uniform List of Services to be followed in SEZ (See 'SEZ') Govt looking for huge investment from private sector to provide rail link to all ports NSA Ajit Doval appointed as Special Envoy for border talks with China Former Petro Minister Murli Deora dies after protracted illness ST - unless there is control, which is passed to hirer under rent-a-cab scheme, there cannot be taxable transaction - Ratio of Punjab & Haryana High Court order differed with: HC (See 'Breaking News') Service Tax - Rent a cab- Difference Between Renting and Hiring - Kuldeep Singh case differed with (See 'DDT' Column) Cus - It is most unfortunate that Customs have not even cared to reply to any letter of appellant seeking refund consequent to Tribunal order - contempt proceedings to be initiated if amount not refunded: CESTAT (See 'Breaking News') Drawback - AIR or Brand Rate - No choice (See 'Guest' Column) Income tax - Whether when goods are loaded on ship and title with risk is passed on to assessee as per contract, assessee can claim deduction for loss if goods are not received - YES: HC (See 'Breaking News') Central Excise/Customs - Anti-Malarial Drugs Exempted (See 'DDT') Cus - Notfn. 158/95 - re-import - just because Commissioner has chosen to sit over appellant's request for extension, benefit of exemption cannot be denied: CESTAT (See 'Breaking News') Introduction of AADHAR Enabled Bio-metric Attendance System babus will be forced to maintain punctuality (See 'DDT')
 
   
DDT (Daily Dose of Taxation)

Once appellant pays mandatory amount prescribed u/s 35F of CEA, 1944, no separate order of Stay is required for balance amount of demand

With VIJAY KUMAR

Once appellant pays mandatory amount prescribed u/s 35F of CEA, 1944, no separate order of Stay is required for balance amount of demand
Published: November 25, 2014

View previous DDTs »

WHAT'S NEW
CUS
:
Not 32 NT111 Cir 13
ADD
:
44, 45 Inst: 08 SG: 03
EX
:
Not 23 NT 31 Cir 990
S.TAX
:
Not 22 Cir 180 Order
I-T
:
Not 71,72 Cir 16 Press Note
DGFT
:
Not 99 PN 75 Cir 13
RBI
:
Cir 41    
BREAKING NEWS

Mumbai, November 25
ST - Appellant promoting products of foreign counterpart by way of advertising, marketing and consequently procuring orders for foreign supplier who delivers goods in India - service qualifies as export - Refund admissible: CESTAT

New Delhi, November 25
Income tax - Whether when assessee has received certain services and also accepted claims for same, such expenditure is not allowable u/s 37(1) merely because provisions were made close to AY and bills were not received - NO: HC

Mumbai, November 25
CENVAT - When there is no dispute regarding receipt of inputs, therefore, whatever tax has been paid by appellant on Inward Transportation Service is entitled for input service credit - Appeal allowed: CESTAT

Mumbai, November 25
Cus - Notf. 77/2008 is effective from 00 hours of 13/06/2008 - Since 'Let Export Order' has been given on 13/06/2008, rate of duty relevant for assessment would be rate prevalent on 13/06/2008 - Benefit available: CESTAT

Nainital, November 24
ST - unless there is control, which is passed to hirer under rent-a-cab scheme, there cannot be taxable transaction - Ratio of Punjab & Haryana High Court order differed with: HC

MIXED BUZZ
XCuSE Updates
XCuSE
PUZZLE TO DAZZLE
Punit Vedby PUNIT PAVAN VED CA

Whether excess municipal tax paid in earlier year and allowed while computing income from house property in that year is taxable in subsequent year if recovered.

Published: November 24, 2014

Post Answer »
THE COB (WEB)
G20 Summit - Is it the Making of a New International Taxation Order?by SHAILENDRA KUMAR

G20 Summit - Is it the Making of a New International Taxation Order?
Published: November 20, 2014

View previous 'The COB(Web)s'»
TIOL EDITORIAL
Let growth & jobs drive the changes in taxes & expenditure in 2015-16 Budgetby TIOL EDIT TEAM

Don't deride CAG to safeguard Executive from its largely valid criticism
Published: November 15, 2014

View previous Editorials»

ICE CUBES
by NARESH MINOCHA Modi Govt falters on growth & employment front

Modi Govt falters on growth & employment front
Published: November 18, 2014

View previous ICE CUBEs »

GUEST COLUMN

Drawback - AIR or Brand Rate - No choiceby CS KALIRAJAN D

Drawback - AIR or Brand Rate - No choice
Published: November 24, 2014

View previous Guest Column(s);

ST se GST tak

Twenty Two Questions on GSTby SUMIT DUTT MAJUMDER

Twenty Two Questions on GST
Published: November 25, 2014

View previous ST se GST tak(s)»

View 'ST - New Law +VE or -VE' Articles»

 
TIOL Mobile App
TIOL SEARCH
 
TIOL Subscriptions
 All-In-One Package
 Indirect Tax Package
 Income Tax Package
<< More Packages>>
 
   
             
Income Tax Customs Excise Service Tax FEMA DGFT SEZ Misc Pitara Budget
  • Notifications
  • Circulars
  • SC Cases
  • HC Cases
  • ITAT Cases
  • Instructions
  • Advance Ruling
  • Settlement
  • Other Case
  • Directorate of Income Tax (Systems)
  • Tariff Notfn
  • Non Tariff Notfn
  • Circulars
  • SC Cases
  • HC Cases
  • Cestat Cases
  • Settlement
  • Advance Ruling
  • Safeguard Duty Notfn
  • Anti-dumping Notfn
  • Drawback Cases
  • Tariff Notfn
  • Non Tariff Notfn
  • Circulars
  • SC Cases
  • HC Cases
  • Cestat Cases
  • Settlement
  • Advance Ruling
  • Excise Amendment
  • Clean Energy Cess Notfn
  • MISC Circulars
  • 37B Order
  • Commr.(A) Order
  • CESTAT
  • Notifications
  • Circulars
  • SC Cases
  • HC Cases
  • Cestat Cases
  • Miscellaneous
  • Advance Ruling
  • FAQ
  • Finance Act, 1994
  • Commr. (A) Orders
  • 37B Order
  • Removal of Difficulty
  • VCES
  • Accounting Head
  • Exchange Manual
  • Fema Notifications
  • SC Cases
  • HC Cases
  • RBI Notifications
  • Act
  • Rules
  • Regulations
  • Master Circulars
  • RBI Circulars
  • Depository Scheme
  • Notifications
  • Circulars
  • Public Notices
  • Trade Notice
  • FTDR Amendment 2010
  • MISC
  • State Acts
  • Notifications
  • Instructions
  • Act 2005
  • Rules 2006
  • DGEP
  • State Policy
  • SC Cases
  • HC Cases
  • VAT Cases
  • Deputation Posts
  • Service News
  • The Insider
  • Transfer
  • Promotion
  • Recruitment Rules
  • Transfer Policy
  • Training Circulars
  • Service Cases
  • MISC
  • Pay Commission
  • Cadre Review
  • Budget Circular 2013-14
  • Union Budgets
  • Economic Surveys
  • Budget Speeches
  • Finance Acts
  • Finance Bill
  • TRU - D. O. Letter
  • A Taxindiaonline Website. Copyright © 2014 Taxindiaonline.com Pvt.Ltd. All rights reserved. | Powered by 4th Dimension