News Update

 
Page 125
Mumbai, February 09, 2018
GST - Celebrations of new tax regime mean nothing - regime is not tax friendly - wake up and put in place the requisite mechanism: High Court
 
Mumbai, February 09, 2018
ST - Refund - Appellant's claim is that by virtue of Sec 68(2) since liability to pay partial ST has been imposed on them, they become service provider is misplaced: CESTAT
 
Kolkata, February 09, 2018
I-T - In absence of claim in original return, AO has power to entertain new claim only through a revised return: ITAT
 
Kolkata, February 08, 2018
I-T -Expenditure incurred by employer towards medical reimbursement to its employees doesn't constitute fringe benefit u/s 115WB: ITAT
 
New Delhi, February 08, 2018
ST - An expenditure, which is part of same accounting for income, cannot be taxed for same service, even under reverse charge tax: CESTAT
 
Agra, February 07, 2018
I-T - Assessee's failure to deduct TDS due to software upgradation error cannot be construed as wilful neglect for non-compliance with provisions of law: ITAT
 
Mumbai, February 07, 2018
I-T - When final payment was made and possession letter was issued to buyer of flat in year of assessment, such income is to be necessarily taxed in same assessment year - NO: HC
 
New Delhi, February 07, 2018
ST – Collection of fees for promoting or allowing a person to use facility by National Rifle Association of India will not make the building commercial - ST demand under CICS not sustainable: CESTAT
 
New Delhi, February 06, 2018
VAT - Deduction of trade discount from total turnover, necessary when computing total turnover: SC
 
Mumbai, February 06, 2018
ST - Refund - Irrespective of provision of service and raising invoices, export is completed only when convertible foreign exchange is received - period of one year to be reckoned from this date: CESTAT
 
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