News Update

Maneka Gandhi declares assets worth Rs 97 Cr and files nomination papers from SultanpurGlobal Debt & Fiscal Silhouette rising! Do Elections contribute to fiscal slippages?ISRO study reveals possibility of water ice in polar cratersGST - Statutory requirement to carry the necessary documents should not be made redundant - Mistake committed by appellant is not extending e-way bill after the expiry, despite such liberty being granted under the Rules attracts penalty: HCBiden says migration has been good for US economyGST - Tax paid under wrong head of IGST instead of CGST/SGST - 'Relevant Date' for refund would be the date when tax is paid under the correct head: HCUS says NO to Rafah operation unless humanitarian plan is in place + Colombia snaps off ties with IsraelGST - Petitioner was given no opportunity to object to retrospective cancellation of registration - Order is also bereft of any details: HCMay Day protests in Paris & Istanbul; hundreds arrestedGST - Proper officer should have at least considered the reply on merits before forming an opinion - Ex facie, proper officer has not applied his mind: HCSaudi fitness instructor jailed for social media post - Amnesty International seeks releaseGST - A Rs.17.90 crores demand confirmed on Kendriya Bhandar by observing that reply is insufficient - Non-application of mind is clearly written all over the order: HCDelhi HC orders DGCA to deregister GO First’s aircraftGST - Neither the SCN nor the order spell the reasons for retrospective cancellation of registration, therefore, they are set aside: HCIndia successfully tests SMART anti-submarine missile-assisted torpedo systemST - Appellant was performing statutory functions as mandated by EPF & MP Act, and the Constitution of India, as per Board's Circular 96/7/2007-ST , services provided under Statutory obligations are not taxable: CESTATKiller heatwave kills hundreds of thousands of fish in Southern VietnamI-T - Scrutiny assessment order cannot be assailed where assessee confuses it with order passed pursuant to invocation of revisionary power u/s 263: HCHong Kong struck by close to 1000 lightningI-T - Assessment order invalidated where passed in rushed manner to avoid being hit by impending end of limitation period: HCColumbia Univ campus turns into ‘American Gaza’ - Pro-Palestinian students & counter-protesters clashI-T - Additions framed on account of bogus purchases merits being restricted to profit element embedded therein, where AO has not doubted sales made out of such purchases: HCIndia to host prestigious 46th Antarctic Treaty Consultative MeetingI-T - Miscellaneous Application before ITAT delayed by 1279 days without any just causes or bona fide; no relief for assessee: HCAdani Port & SEZ secures AAA RatingI-T - Assessee is eligible for deduction u/s 54EC on account of investment made in REC Bonds, provided both investments were made within period of six months as prescribed u/s 54EC: ITATNominations for Padma Awards 2025 beginsI-T - PCIT cannot invoke revisionary jurisdiction u/s 263 when there is no case of lack of enquiry or adequate enquiry on part of AO: ITATMissile-Assisted Release of Torpedo system successfully flight-tested by DRDOI-T - If purchases & corresponding sales were duly matched, it cannot be said that same were made out of disclosed sources of income: ITATViksit Bharat @2047: Taxes form the BedrockI-T - Reopening of assessment is invalid as while recording reasons for reopening of assessment, AO has not thoroughly examined materials available in his own record : ITAT

MESSAGE BOARD

   

Service Tax on GTA - DGST's missive finally put to rest - TIOL crusade finally succeeds - Board issues Section 37 B order


Kudos to the Board

I also joyfully join DDT in presenting the bouquet for its superb efforts and crystal clarifications! And as pbserved in DDT, if consultants would go out of business because of such good clarifications from our beloved Board then I would prefer to be jobless instead of fighting such stupid (GTA) cases.

jk

jaikumar seetharaman 13/03/2007

 
Kudos to the Board

I gleefully join this backpatting the Board for the progressive step taken in this regard and it deserves commendation, but at what cost. Tonnes of stationery was wasted because of that rabid clarification by the DGST and the subsequent CAG objections in this regard. All this could have been avoided had the Board come out with this order almost two years ago. At least this would have saved many assessees from the nuisance which emanated thereafter.

santosh hatwar 13/03/2007

 
Re :Kudos to the Board

Please allow me to join the chorus in applauding the order. I wish DDT would campaign vigourously for another piece of sanity-Where CAG objections in Cus/Excise/ST could have all-India ramifications and similar to that in respect of GTA, the matter may first be directly dealt with at the Board level in order to save manhours and tonnes of paper, since the GTA exercise merely enhanced clearances from paper units and accidentally increased excise revenue for those excise ranges, without translating into a paisa revenue to the Department!!!

Ramana Subramanian 13/03/2007

 

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