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SC says no restrictions on voluntary name banners along Kanwar route eateriesNew Capital gains regime: CBDT issues FAQsFM favours debt reduction but sans affecting economic growthMisc - Royalty not a tax; royalty is contractual consideration paid by mining lessee to lessor for enjoyment of mineral rights & liability to pay royalty arises out of contractual conditions of mining lease: SC CBDGFT simplifies EPCG Scheme procedures to enhance Ease of Doing BusinessKargil Victory Day: PM warns Pak against practising terrorismMisc - Payments made to Government cannot be deemed to be a tax merely because statute provides for their recovery as arrears: SC CBPM GatiShakti Group evaluates five key infrastructure projectsMisc - Since power to tax mineral rights is provided for in Entry 50 of List II, Parliament cannot use its residuary powers in this subject matter: SC CBLadakh's Budget has increased from Rs 1100 Cr to Rs 6000 Cr in last 5 yrsChina pumps in subsidies worth USD 41 bn into car sectorCus - Owner of goods has a liability to pay customs duty even after confiscated goods are redeemed on payment of fine - Interest follows: SCIndian Coast Guard rescues 14 Indian crew from stranded vessel near AlibaugObama endorses Kamala Harris for PresidentI-T- Demand notice issued mechanically merits being quashed, where passed in ignorance of assessment order giving clean chit to assessee: HCIndia discovers Lithium Resources in Mandya and Yadgiri districts of KarnatakaIndia's installed Nuclear Power Capacity to triple by 2031-32: MoSGoyal sets USD 50 bn target for footwear industry to achieve by 2030Indian-origin German citizen nabbed with 6 kg of cocaine at IGI AirportAI-based SearchGPT to compete with Google: OpenAIBiden to attend QUAD meeting to be held in New Delhi this year

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AG's Audit Objection - No Immediate and Compulsory Show Cause Notice - CBEC Issues Revolutionary Circular - Ease of Doing Business at its best


Revolutionary Circular

really it is revolutionary. jab se nazib sahab aaye hain, bard ki karyashailee chamak uthi hai.lagataar ek se badh kar ek circulars aa rahe hain. aisa pehli baar ho raha hai ki assesee ke natural justice ke liye hidayadnamey ya nirdeshon ke rup men circulars jari ho rahe hain.

scn dekh samajh kar issue karne ki baat ho, ya adjudication men natural justice ya quality maintain karne ki baat ho, ya scrutiny aur audit men se koi ek cheez karne ki baat ho ya ki 15% penalty bhar ke 78 wale cases bhi permanently khatma karne ki baat ho..aadi aadi...

wah sir...kya baat hai.

fir hadtaal karne wale sunar bhaiyon ke liye himayati circular ho ya audit objection properly raise karkey revenue loss detect nahi karne par vyaktigat jawabdari thahraney ki baat ho...ye sab bahut majboot sign hain....acchhey dinon ke aur karan bhi hain khush hone ke liye un assessees ko jo ki immandari se apna tax bhar rahe hain.kudos!thanks.

bas ek kaam aur kar den nazib saheb, ki AG ki team dept ka hi audit kare jiske ki liye wo adhikrat hai, assessee ke premises men nahi jaye kyonki service tax kanoon men aisa audit se related section men koi praavdhaan nahi hai.

Navin Khandelwal 11/04/2016

 

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