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Cus - When there is nothing on record to show that appellant had connived with other three persons to import AA batteries under the guise of declaring goods as Calcium Carbonate, penalty imposed on appellant are set aside: HCCongress fields Rahul Gandhi from Rae Bareli and Kishori Lal Sharma from AmethiCus - The penalty imposed on assessee was set aside by Tribunal against which revenue is in appeal is far below the threshold limit fixed under Notification issued by CBDT, thus on the ground of monetary policy, revenue cannot proceed with this appeal: HCGST -Since both the SCNs and orders pertain to same tax period raising identical demand by two different officers of same jurisdiction, proceedings on SCNs are clubbed and shall be re-adjudicated by one proper officer: HCFormer Jharkhand HC Chief Justice, Justice Sanjaya Kumar Mishra appointed as President of GST TribunalSale of building constructed on leasehold land - GST implicationI-T - If assessee is not charging VAT paid on purchase of goods & services to its P&L account i.e., not claiming it as expenditure, there is no requirement to treat refund of such VAT as income: ITATBengal Governor restricts entry of State FM and local police into Raj BhawanI-T - Interest received u/s 28 of Land Acquisition Act 1894 awarded by Court is capital receipt being integral part of enhanced compensation and is exempt u/s 10(37): ITATCops flatten camps of protesting students at Columbia UnivI-T - No additions are permitted on account of bogus purchases, if evidence submitted on purchase going into export and further details provided of sellers remaining uncontroverted: ITATTurkey stops all trades with Israel over GazaI-T- Provisions of Section 56(2)(vii)(a) cannot be invoked, where a necessary condition of the money received without consideration by assessee, has not been fulfilled: ITATGirl students advised by Pak college to keep away from political eventsI-T- As per settled position in law, cooperative housing society can claim deduction u/s 80P, if interest is earned on deposit of own funds in nationalised banks: ITATApple reports lower revenue despite good start of the yearI-T- Since difference in valuation is minor, considering specific exclusion provision benefit is granted to assessee : ITATHome-grown tech of thermal camera transferred to IndustryI-T - Presumption u/s 292C would apply only to person proceeded u/s 153A and not for assessee u/s 153C: ITATECI asks parties to cease registering voters for beneficiary-oriented schemes under guise of surveys
 
CBEC officers have no valid reason to fear job loss and reduction in workload, says FM

By TIOL News Service

NEW DELHI, JAN 27, 2017: WHILE speaking on the occasion of International Customs Day and the Investiture Ceremony organised by the DRI, the Union Finance Minister, Mr Arun Jaitley, tried to allay the fear of the CBEC officers about the loss of jobs due to reduction in in the assessee-base in the GST regime. He also promised that the ad hoc promotions and Group B to A promotion would be expedited by the Board.

Referring to the proposed GST he said that when important changes take place they are never put on the backseat merely because it may result in job loss. The number of officers required and the opportunities would remain the same except that the nature of activity would undergo a change.

Mr Jaitley made his statement in response to the CBEC Chairman's request that there is rising disquiet in the Service and the FM should address that.

Given the fact that the IRS Association has raised many points in its representations to the FM, the officers were disappointed by the FM's remarks as they had expected announcement of more concrete measures from the FM. In fact, when the timing of the event was changed from morning to evening, it was rumoured that the FM may make major announcements to alleviate the pain of the officers but nothing of that sort happened.

While addressing the gathering the Revenue Secretary, Dr Hashmukh Adhia, said that the officers have no reason to fear of any cut in their promotional avenues and the reduction in their workforce. They will have enough tax base under the GST to ensure workload for the existing workforce.

 


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