News Update

RIL Q2 Results - PBDIT increased by 15.5% to Rs 25820 CroreCus - Section 166A of CrPC is not an independent island on which any investigating/inquiring authority can jump on without taking recourse to Section 154/155 - Letter rogatory quashed: HCChief Justice of India supports senior most Judge Justice S A Bobde as next CJIService of notice as per PAN database is sufficient compliance of Sec 143(2); Change in address with no intimation to I-T Dept is fault of taxpayer for which he cannot raise limitation issue: SC Larger BenchPulpwood used in the manufacture of paper and paperboard is classifiable under heading 4403 and attracts GST @18%: AARAir Handling units are classifiable under HSN 8415 9000 and Air Ventilators under HSN 8414 5910: AARGST - Transfer of assets fastened to building on delivering possession to lessor amounts to supply u/s 7 of CGST; hence taxable: AARGST - Reimbursement of stipend paid to trainees is not taxable under the GST Acts: AARGST - GST payable under reverse charge for payment made towards National Mineral Exploration Trust and District Mineral Fund: AARSupply of e-campus solutions is classifiable under SAC 997329; attracts @18% GST: AARGST - There is no provision in the Act for shifting the tax liability: AARIncome tax raids Chennai-based 'Wellness Group' at 40 locationsRules of Origin - WTO partners with ITC & WCOGST - Respondent cannot enrich himself at the expense of flat buyers by denying them benefit of ITC till completion of the project while he uses the same in his business for discharging his output tax liability every month: NAAGST - If respondent insists on passing on benefit of ITC to buyers after completion of the project, he should also claim the benefit of ITC after completion of the same: NAAST - Pandal/shamiana services provided on the occasion of Gur-ta-Gaddi Tercentenary Celebration is not liable to service tax: CESTATCX - If brand name is used by the firms of the same family member, it cannot be said that one is using the brand name of other person - SSI exemption available: CESTATST - Transport for long or short distances is not the relevant criterion for classification under the category of 'Goods Transport Services': CESTATCX - Sale is on FOR basis - Place of removal being the buyer's premises, disallowance of credit of the ST paid on GTA Services cannot be sustained: CESTATCX - Products that are not intentionally manufactured but only arise during the process of refining of crude vegetable oil are to be considered as waste and entitled to the benefit of exemption notfn 89/1995-CE: CESTATCX - When the refund is not under any provisions of CEA, the provisions of the Act relating to interest do not apply: CESTATCX - Since assessee has purchased goods in auction, department is free to settle their excise duty liability with Official Liquidator and not from assessee: CESTATCX - Goods purchased in auction, dismantled and sold as waste and scrap - no duty liability: CESTATFor computation of eligible deduction u/s 54F in case of sale of long term capital asset, payment made towards purchase of new residential house up to due date of filing belated return, will be taken into consideration: ITATIf allegations of siphoning of funds and forgery based on incriminating documents found during search remained unanswered, case should be remanded to give final opportunity to substantiate case: ITATIn composite sale if assessee fails to give bifurcation of assets and its value which are capitalized and has claimed depreciation in earlier years, then value of land is rightly taken as Nil: ITAT
Untitled Document

by Shailendra Kumar


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