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Thursday , May 23, 2013 | Updated : May 23, 10:29 IST
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NEWS FLASH
 
Service Tax & the Cart before the bullock story (See 'DDT' Column) ST - Appellant employing personnel of German Co - 75% salary paid overseas - merely because payment was made through German Co, activity cannot prima facie be held to be taxable as 'Manpower Supply' - stay granted: CESTAT (See 'Breaking News') Vodafone Tax Bill: A Good Case for Settlement by Agreement! (See 'The Cob(Web) Column) Delhi Lokayukta indicts CM Sheila Dixit for govt fund misuse I-T - Whether when assessee has filed returns of subscriber Cos and also bank statements & balance sheets in addition to confirmation letters from them, assessee can be considered to have discharged burden of proof - YES: HC (See 'Breaking News') 60 Acts govern Indian financial sector; Need for New Financial Code: FM (See 'Mixed Buzz') Holy grail of Tax avoidance - Ireland, a Tax Haven? (See 'DDT' Column) CX - Valuation - Principal to principal sale - no jobwork - Rule 10A of Valuation Rules not applicable: CESTAT (See 'Breaking News') Hydro Power: 534 MW commissioned out of 10900 MW targetted during 12th Plan (See 'Mixed Buzz') TNVAT - Whether goods can be detained by authorities on sole ground that Form JJ accompanying such goods did not bear printed serial numbers, although accompanying invoices carried no defects (See '2013-TIOL-431-HC-MAD') IPL-fixing case: Income Tax probe begins in illegal cash transactions PM says Indian economy is turning around; may exceed 6% Import of De-oiled soya extract & Oil cake, Oil cake meal of Groundnut, Sunflower, Canola, Mustard to attract Nil Customs duty till 30th September, 2013 (See Tariff 30 in 'What's New') Ponzi Scam: FM admits regulatory gaps; says efforts on to tailor New Law Court extends police custody of CBI SP arrested in bribery case Negative list services - Are they exempted for the purpose of ST 3 Return? (See 'DDT' Column) Business and Welfare in India: A Historical Perspective (See 'Guest' Column) TDS rate cut on interest payment may help Indian debt market, hopes MoF (See 'Mixed Buzz') Can proceedings against co-noticees be deemed to be concluded if main assessee pays duty, interest and penalty - YES: CESTAT (See'DDT') Tariff Values for Gold reduced (See NT 55 in 'What's New') President appoints Defence Secy Shashi Kant Sharma as New CAG; Mr Sharma to take over on Thursday Hardwork pays; CBDT issues fresh notices to non-filers; collects Rs 600 Cr from notices issued earlier (See 'Breaking News') SC agrees to hear PIL to stay IPL matches on ground of spot-fixing ACC appoints Anil Swarup as Addl Secy in Ministry of Labour + Vinod Kr Thakral as Addl Secy in Ministry of Steel Justice K J Sengupta of Uttarakhand HC is promoted as Chief Justice of AP High Court (See 'Mixed Buzz') Service Tax - Pre-deposit - Bharti Airtel gets relief of Rs 55 Cr from High Court (See 'DDT' Column) CBEC allows filing of revised return for the period July to September 2012 (See 'DDT') DVAT - Whether multifunctional printers are to be taxed as per unclassified rate of 12.5 per cent (See '2013-TIOL-424-HC') Transaction Cost - Constitution of 2nd Task Force (See 'DDT') FM's word of wisdom for Competition Commission - Beware of predatory behaviour (See 'Mixed Buzz') India, China resolve to take measures to overcome trade imbalance (See 'Mixed Buzz')
 

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