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Apr 15, 2013

Tax on service provided by way of erection of pandal or shamiana – regarding

Tax on service provided by way of erection of pandal or shamiana – regarding

Posted: 15 Apr 2013 08:30 PM PDT

Circular No. 168/3 /2013 – ST, Dated-, 15th April, 2013 Subject: Tax on service provided by way of erection of pandal or shamiana – regarding. Several representations have been received seeking clarification on the levy of service tax on the activity of preparation of place for...

Annual Transfer of Income Tax Officers under Pune, Thane & Nashik CCIT / DGIT

Posted: 15 Apr 2013 08:30 PM PDT

Given Below is the list of Income Tax Officers transferred by virtue of Annual Transfer of Income Tax Officers from Pune, Thane, Satara, Nashik, Dhule, Kalyan, Palghar, Ahmednagar, Kolhapur, Sangli, Satara, Ratnagiri, Ichalkaranji, Aurangabad, Jalgaon, Nanded, Parbhani, Beed, Panvel Under the...

India-Malta inks new DTAA

Posted: 15 Apr 2013 07:49 PM PDT

An Agreement (DTAA) and Protocol Signed Between India and Malta for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion With Respect to Taxes on Income The Double Taxation Avoidance Agreement (DTAA) and the Protocol between the Republic of India and Malta for the avoidance of...

Demand on covered issues cannot be recovered by adjustment of refunds -HC

Posted: 15 Apr 2013 06:49 PM PDT

The recovery of the demand on these three heads has to be stayed in view of a strong prima facie case being made out. The balance due and payable by the assessee would work out to Rs.159.49 crores. The assessee has under cover of its letter dated 28 March 2013 paid an amount of Rs.100 crores under...

Knowledge of assessee's son is knowledge of assessee himself, No Condonation on the ground of Ignorance

Posted: 15 Apr 2013 06:30 AM PDT

It is clear, Section 85 provides that any person aggrieved by any decision or order passed by an adjudicating authority can prefer an appeal within three months. Thereafter, if the Commissioner is satisfied that the appellant was prevented by sufficient cause from preferring the appeal, the...

Condition impossible to meet with cannot lead to denial of export rebate

Posted: 15 Apr 2013 06:26 AM PDT

If, having regard to the nature of the business and its peculiar features – which are not in dispute – the description, value and the amount of service tax and cess payable on input-services actually required to be used in providing the taxable service to be exported are not...

If issue is debatable, it cannot be corrected u/s 154 of Income Tax

Posted: 15 Apr 2013 06:18 AM PDT

The assessee had credited an amount of Rs. 1,24,312/- as Duty Entitlement Pass Book (DEPB in short) in its Profit & Loss Account (P&L A/c) and had also claimed deduction u/s 80IB on this amount. Initially, the Assessing Officer allowed this claim u/s 80IB qua DEPB amount while completing...

No TP adjustmentas for expenses disallowed by assessee sou-motu

Posted: 15 Apr 2013 06:16 AM PDT

The allowance of any expenditure arising from an international transaction shall also be determined having regard to the ALP. However, in the instant case the assessee has not claimed the expenditure of Rs. 7,42,20,575/- during the impugned assessment year and has itself disallowed the same while...

Anti-dumping duty on Plain Gypsum Plaster Board imported from China, Indonesia,Thailand & UAE

Posted: 14 Apr 2013 10:22 PM PDT

Notification No. 6/2013-Customs (ADD), Dated – 12th April, 2013 G.S.R.     (E)- Whereas in the matter of imports of Plain Gypsum Plaster Boards of all thicknesses and dimensions, (hereinafter referred to as the subject goods), falling under the heading 6809 of the First Schedule to the...

CG notifies certain eligible institutions and maximum deduction available to them under sec. 35AC

Posted: 14 Apr 2013 07:51 PM PDT

NOTIFICATION NO. 97/2012 [F.NO. V. 27015/4/2012-SO(NAT.COM]]/S.O. 627(E), DATED 12-3-2013 In exercise of the powers conferred by sub-section (1), read with clause (b) of the Explanation to section 35AC of the Income Tax Act, 1961 (43 of 1961), the Central Government, on the recommendations of the...

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