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FM reviews CAPEX of CPSEsGovt writes to over 2800 corporates to clear MSME duesGovt carrying out reforms in every sector of economy to prop up growth: PMIgnoring limitation proves costlyInverted duty structure - A Case study (See 'TOG Insight' in promotes four officers as Pr Commissioner of Customs & Central Excise + posts Sameer Pandey as DS in GST Council SecretariatSC cannot be a place for Govts to walk in when they choose, ignoring period of limitation prescribed - Petition dismissed as time barred; costs imposed on State for wasting judicial time - amount to be recovered from officers responsible: SCIs penalty compulsorily attracted on late payment of GST?No mutation of COVID-19 detected in India: Health MinisterCus - Goods re-imported for repair and re-exported - Merely because Assessee could claim duty drawback later on and it may give rise to a revenue neutral situation, it cannot be said that period of one year prescribed in 158/95-Cus is without any meaning: HCST - Payment of mobilization advance is a separate financial transaction within contract for providing of service & so is not to be included in gross taxable value as per Section 67 of Finance Act 1994 - duty demand cannot be raised thereon when there is no allegation of any part of contracted value having evaded taxation: CESTATBSVI introduction a revolutionary step: JavadekarCX - It is settled position in law that an assessee is entitled to interest on delayed disbursal of refund after three months from date of filing of refund claim till date of its realisation: CESTATCus - Drawback - After turning down request for taking test samples, Revenue cannot brush aside report given by an expert Committee simply for the reason that sample was not drawn and referred by Department: CESTATPayment made to a trust formed for the benefit of employees of the company, of which the assessee was a shareholder & whose shares the assessee had sold, does not qualify as expenditure incurred wholly in connection with transfer of asset: HCBogus purchases - only the profit element embedded therein is to be disallowed, rather than the entire quantum of purchases made: ITATSearch assessment is invalid where it is completed even before search operations are conducted or where any material incriminating the assessee has not yet been found: ITATWhere assessee did not claim exemption in respect of one residential property, the assessee can avail such benefit in respect of a second house or plot of land: ITATIndia successfully test-fires cruise missile from Indian Navy’s destroyer INS ChennaiCOVID-19: Global tally goes past FOUR Crore with 11.15 lakh deaths; America has close to 27 lakh active cases against 8 lakh in IndiaCOVID-19 - Almost 80% new cases coming from 10 StatesCountrywide S&T infrastructure facilities to be accessible to industry & startups: GovtPM calls for speedy access to vaccines once readyNew Zealand PM earns second term for managing COVID-19 wellDigital Media - Govt to extend all benefits available to othersGovt not considering any DA for Govt employees: GangwarCBDT issues transfer order of 395 Addl / JCITs on All India basisSBI given nod for sale of electoral bonds for 10 daysEducation CESS - the spoilt fruit
Untitled Document




NO. 32/1/2/2005/FC

Fax No. : 23010756

NEW DELHI - 110001
Dated : September 8, 2005

From :
R.K. Jain
Deputy Secretary


Shri Shailendra Kumar
Managing Editor, Pvt. Ltd
B-XI/8183, Vasant Kunj,
New Delhi

Subject : Examination of the Taxation Laws (Amendment) Bill, 2005.

I am directed to state that in connection with the examination of the Taxation Laws (Amendment) Bill, 2005 which has been referred to them (copy enclosed), the Standing Committee on Finance have sought the views and suggestions of exports and other Institutions on the provisions of the Bill. You are, therefore requested to send your valuation views and suggestions on the provisions of the Bill in the form of a memorandum to this Secretariat latest by 10th September, 2005 for consideration of the Committee.

2. The memorandum which might be submitted to the Committee would form part of the records of the Committee and would be treated as strictly confidential and would not be circulated by anyone, as such an act would constitute a breach of privilege of the Committee.

3. You are also requested to send a list of advocates/other professionals with proven expertise in the field of taxation, who could be contacted in connection with the examination of the Bill and would be willing to appear before the Committee.

(Deputy Secretary)
Tel No. : 23034332
Fax No. : 23010756