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Taxation Articles


The Costs of Containing Iran

  N.K.Assumi   09 December 2008 at 12:46

The Costs of Containing Iran Washington's Misguided New Middle East Policy Summary: The Bush administration wants to contain Iran by rallying the support of Sunni Arab states and now sees Iran's containment as the heart of its Middle East policy: a w ..


Posted in Taxation |   1241 Views


AN OPEN LETTER TO THE HON'BLE FINANCE MINISTER

  S. GOKARNESAN   01 December 2008 at 22:32

AN OPEN LETTER TO THE HON’BLE FINANCE MINISTER, GOVERNMENT OF INDIA, NEW DELHI FOR HIS PERUSAL AND IMMEDIATE INTERVENTION. Respected Sir I am an Advocate, practising in Chennai, mainly on Indirect Issues. I wish to bring it to your knowled ..


Posted in Taxation |   2320 Views


A WIN WIN FIGHT FOR CENVAT CREDIT

  K.Prakash Babu   26 November 2008 at 14:13

By K.Prakash Babu, Advocate The Honourable Supreme Court has pronounced its decision in the case of M/S. Sandur Micro Circuits VS Commissioner of Central Excise, Belgaum vide citation No:2008 (229) ELT 0641 (SC) that “5. The issue relatin ..


Posted in Taxation |   11939 Views


FORGETFULNESS – PAYS THE GOVERNMENT – HARASSES THE ASSESSEE

  K.Prakash Babu   26 November 2008 at 14:13

Manufacture of Intermediary goods and using in Exempted Final Product.Many manufacturing industries manufacture some intermediary goods for use in their final products which they ultimately sell to the desirous customers which can be on ..


Posted in Taxation |   1868 Views


Export Promotion Schemes

  robin   21 November 2008 at 09:20

Exports form an integral part of a country’s economy. Apart from earning foreign exchange, they also provide direct impetus to the domestic economy by generating employment and thereby calling for further production domestically. In view of t ..


Posted in Taxation |   3060 Views


Sub-Contract

  VASANTH D JAGANATH   08 October 2008 at 14:43

Back to Back Contract – Case Study Works Contract subject is a maze of complexities. The judgments given by courts contradict in such a manner that the dealer is perplexed. Case: Mr. M is a main contractor. He receives contract from Mr. C (custome ..


Posted in Taxation |   2227 Views


Works Contract

  VASANTH D JAGANATH   13 September 2008 at 09:26

Case Study On Sub-Contract State of Andhra Pradesh & Others Vs Larsen & Tourbo Ltd & Others [Arising out of SLP (C) No.124825 of 2007] Facts: Larsen & Tourbo Ltd [L&T] is engaged in execution of civil works contract. Registered ..


Posted in Taxation |   4619 Views


SEZ and revenue loss : Isn't it a myth?

  Praveen Kashyap   11 August 2008 at 18:15

THERE is hardly a day when the SEZ Scheme is not there on the front page of most newspapers. Apart from various sticky aspects, revenue loss theory continues to carry a lot of weight even after many Studies being reported by the media. The indirect t ..


Posted in Taxation |   2856 Views


Custom, Excise & Service Tax- Can appeal be dismissed for non persecution

  Rajesh Kumar   02 August 2008 at 12:58

CUSTOM, EXCISE & SERVICE TAX APPELLATE TRIBUNALCan the Tribunal Dismiss Appeal for Non-persecutionRAJESH KUMARADVOCATE. On numerous occasions the Custom, Excise & Service Tax Appellate Tribunal dismisses and appeal in case when the appellant ..


Posted in Taxation |   2458 Views


Service Tax: Taxability of Residential Complex

  Rajesh Kumar   02 August 2008 at 12:58

SERVICE TAX ON CONSTRUCTION OF RESIDENTIAL COMPLEX:Gauhati High Court has held in Magus Construction v. Union of India that when a person is engaged in construction of residential complex for sale to various persons, it does not amount to service and ..


Posted in Taxation |   2819 Views