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Safari Retreats Judgement of Supreme Court: A Pyrrhic VictoryIndia’s RuPay card launched in MaldivesI-T- When the assessee has own funds and surplus is more than investments, then, the presumption is that own funds are used: ITATUS Court orders Google to welcome rival App storesI-T- Penalty under Section 271(1)(c) is invalid where notice issued u/s 274 fails to specify the exact limb of penalty imposed: ITATUS to sell lightweight torpedoes worth USD 175 mn to IndiaI-T- CIT(A) empowered to consider additional evidence not furnished during assessment proceedings or which CIT(A) opines is necessary to admit for adjudicating matter; AO must necessarily have opportunity to examine such evidence: ITATLawyers, wife not to have access to Imran Khan over security concernsI-T- Re-assessment proceedings are rightly quashed where found to be based on change of opinion : ITATHurricane Milton turns into Category 5 stormCX - Spirits are denatured to be rendered unfit for human consumption - commodity tax in Constitutional scheme excludes Union's jurisdiction on spirits for human consumption - Excise tax applies to all spirits not intended for human consumption: CESTATUK sets up Regulatory Innovation Office to spur growthCX - Molasses used captively for manufacturing Undenatured ethyl alcohol, are exempt from tax - tax demand raised thereon is not sustainable: CESTATMexican mayor killed days after assuming officeCus - Unless it is established that royalty is paid as a condition of sale, it cannot be included in assesable value: CESTAT

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Write off arrears of Revenue

Customs/Excise - 11 Prosecution Cases involving Rs. 1.82 lakh pending in various Courts ____ CAG made observation on this but what about carrying the load of crores of arrears since more than 30 -40 years? Ministry has empowered that such arrears which are irrecoverable has to be written off after due procedure but hardly there is any Commissioner has ever did this exercise or their higher ups pullthem up for not doing so. But proudly they directly the subordinate to prepare brochure of these cases and present it to every member, minister when ever there is a conference or meeting and the stationery man power is wasted again adding infructgous expenditure to exchequer. Had any authority if question about the contents of the brochure to the Commissioner or Chief Commissioner perhaps they may be searching the Inspector or Superintendent who prepare it to explain they are so ignorant of that but become Commissioner in 17 years of SErvice and the officer who prepare it leave department with only rise in grade pay of Rs. 800/- in 35-40 years. Inspector joins department with grade pay of Rs. 4600/- and when retires he gets grade pay of Rs. 5400/- which an LDC also gets on retirement but joins department with 2900 grade pay -. This is the department and its Cadre restructuring and the performance of the officers

Mukesh Mishra 02/12/2014

 

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Mr Larry Summers, Former US Treasury Secretary addressing at TIOL Fiscal Awards 2024 after being conferred TOL Kautilya Global Award 2024 by Deputy Chairman of Rajya Sabha, Shri Harivansh Narayan Singh.



Dr. C. Rangarajan, former Governor of RBI, addressing at TIOL Fiscal Awards 2024 after being conferred TOL Kautilya Global Award 2024 by Deputy Chairman of Rajya Sabha, Shri Harivansh Narayan Singh.