News Update

 
Page 301
Ahmedabad, August 02, 2016
I-T - Whether when land is compulsorily acquired and separate compensation is paid for land and trees standing on it, provisions of Sec 194LA are applicable even to sum received against trees - NO: HC
 
Mumbai, August 01, 2016
ST - If payment of arrears is made u/s 73 of FA, 1994, then Rule 3(4) of CCR, 2004 does not apply: CESTAT
 
Kolkata, August 01, 2016
I-T - Whether interest subsidy granted to industrial undertaking under State Govt Scheme intended to accelerate industrial development in such State, can be reduced from cost of capital asset for purpose of computing depreciation - NO: ITAT
 
Mumbai, August 01, 2016
Cus - Dispute on taxability stands settled in favour of importer for period from 2001 to 2005 and this resolution is equally applicable to subsequent imports - consequently levy of enhanced duty is contrary to law and cannot be retained by exchequer: CESTAT
 
New Delhi, July 31, 2016
Railways sitting over pile of 52401 hectares land bank; recovers 94 hectares encroached land in last three years
 
New Delhi, July 30, 2016
Income Tax - Protest by IRS officers - Association meets Finance Minister; Issues to be 'suitably addressed', says Jaitley
 
New Delhi, July 30, 2016
Sovereign Gold Bond Scheme - Govt mops up Rs 919 Crore in 4th tranche  
 
Hyderabad, July 30, 2016
Settlement Commission - Explanation to Sec 32(O)(1) of CE Act cannot be applied retrospectively - Settlement Commission has erred in rejecting application u/s 32(O)(1) - Matter remanded: HC
 
New Delhi, July 29, 2016
CX - Legislature can enact laws to operate retrospectively and enforce an earlier invalid legislation - Rule 57F(4A) of CER, 1944 providing lapsing of credit was limb of rationalization & is not irrational: High Court
 
New Delhi, July 29, 2016
CX - In view of retroamendment by FA, 2003 withdrawing benefit of area-based exemption and dept. initiating recovery proceedings, very basis of rejection of rebate claim that M/s NETCL had not actually paid any duty ceased to exist: HC
 
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