News Update

India, China hold fresh dialogue for complete disengagement on Western borders: MEAThakur says India is prepared for 2036 OlympicsCBDT substitutes Form in ITR-5EV Revolution: Lessons for India to learn from US and China!London court green-signals auction of luxury apartment of fugitive Nirav ModiGovt consults RBI; finalises borrowing plan for first half of FY 2024-25Gadkari says Farmers’ protest is politically-motivatedVP calls upon women entrepreneurs to be 'Vocal for Local'America offers USD 10 mn bounty for information on ‘Blackcat’ hackers after UnitedHealth gets hitI-T- The order of the ITSC can only be reopened in cases of fraud or misrepresentation: HC8 persons including Hezbollah militants killed in Israeli strike on LebanonI-T - Income so surrendered on account of investment in excess stock during course of survey cannot be brought to tax under deeming provisions of section 69B: ITATMacron pillories EU-South Africa trade deal; calls it ‘really bad’ in BrazilI-T-Power of revision need not be exercised where facts do not reveal any lack of enquiry by AO into relevant issue & when twin requirements of order being erroneous as well as prejudicial to Revenue's interests, are not satisfied: ITATThailand’s Lower House okays Bill to legitimise same-sex marriageI-T -Penalty u/s 271(1)(c) cannot be imposed where an assessee claims deduction u/s 80P while being ineligible therefor, but being under the bona fide impression of being eligible for such benefit : ITATYellen warns China against clean energy dumpingCus - Enhancement of declared value of imported goods is not tenable, where Department adduces no material to show how the enhanced value was computed & where no cogent rationale is made out for rejecting declared value: CESTATMilky Way’s central black hole - Twisted magnetic field observedCus - Assessee has not proved beyond reasonable doubt that goods in question imported under air way bills/bills of entry were in fact filed by him and hence the only natural corollary available to Revenue is confiscation of same: CESTATSmall investors help Trump Media’s valuation skyrocket to USD 13 billionST - When the facts are in the knowledge of department subsequent SCN alleging suppression cannot be issued and entire demand was found beyond normal period of limitation: CESTATFM Nirmala Sitharaman declines to contest LS elections as she has no fundsST - Tripura State Rifles not required to pay Service Tax under heading of Security Services, as it is is not engaged in business of providing security services: CESTATJustice Ritu Raj Awasthi joins as Judicial member of LokpalCX - Clandestine removal alleged based on consumption of raw inputs and heightened electricity usage - Tax demands based on third party statements but without permitting cross examination of deponents; case remanded to allow this exercise: CESTAT

MESSAGE BOARD

   

A legend who charmed everyone with his wit


Legend

As Shri B.V.Kumar stated the legendary Moheb Ali Sir is also known for his judicious orders laced with humor and sarcasms. He also worked as Commissioner (Appeals) at Hyderabad.

We always waited for an Order from Shri Moheb Ali Sir, since, the same are source for great amusement.

Once an AC imposed penalty on a company stating that though there is no legal violation the penalty is imposed for causing embarrassment to the Department. Then the OIA comes wherein the impugned order was remanded with a tongue in cheek comment " I have not found any Section or rule under the CE law for imposing penalty to any one who caused embarrassment, however, the order is remanded with directions that the learned AC will keep this order in Call Book till the Parliament passes or amends law to impose penalties on persons causing embarrassment to the Government.

Once a very young AC who is all fired up to save CE department came across an assessee and asked him as to why he has come to office and he said to file a Modvat Declaration he has come. The young officer took the same at the Lift scribbled "Not Permitted" and returned the Modvat Declaration. Pat comes the OIA stating that he (the Commissioner (Appeals) was very much impressed with the brevity of the order and further said thank god it is not too brief by stating "NP".

Sir was a very highly respected Stage Director and Actor and who always moved around with a book in his hand.

If I remember correctly he as DRI Officer detected the clever misdeclarations of Audi Cars imported into India.

May his soul rest in peace

Dwarakanath Prasada,
Swamy Associates

jaikumar seetharaman 16/10/2020

 

Back

AR not Afar by SK Rahman

TIOL Tube Latest

Shri Shailendra Kumar, Trustee, TIOL Trust, giving welcome speech at TIOL Awards 2023




Shri M C Joshi, Former Chairman, CBDT




Address by Shri Buggana Rajendranath, Hon'ble Finance Minister of Andhra Pradesh at TIOL Awards 2023