The countervailing duty (CVD) on cement imports is likely to go. The duty was reimposed in January to give relief to the domestic players and keep a check on the prices. A decision is likely after the Lok Sabha elections. The Builders’ Associa ..
The Centre is yet to decide on whether it should go on appeal against the Delhi High Court’s recent ruling on renting of commercial premises. The Delhi High Court had recently ruled that renting of commercial premises will not attract service ..
Circular No. 885/05/ 2009-CXDt 30.4.2009(F.No.275/121/2008-CX.8A) Government of India Ministry of Finance (Department of Revenue) Central Board of Excise & Customs Subject: Monitoring of pendency of appeals – instructions ..
CESTAT, CHENNAI BENCH Robot Detective & Security Agency v. Commissioner of Central Excise, Chennai P. KARTHIKEYAN, TECHNICAL MEMBER FINAL ORDER NOS. 1 TO 3 OF 2009 APPLICATION NO. S/36 OF 2007 (BY DEPTT.) APPEAL NOS. S/45 & 61 OF 2007 (BY ASS ..
The provisions of section 22 of the Income-tax Act cannot be invoked on a lease of land; the provisions of section 27(iiib) of the Act will apply only when a building thereof is involved and assessee has any right in the said building or part thereo ..
SHARE OF MEMBER OF AN AOP COMPUTED UNDER SECTION 67A OF IT ACT SHALL NOT BE INCLUDED IN HIS TOTAL INCOMEAn assessee-member of an AOP cannot claim set-off of share of loss in the income of AOP against its own other income. ITAT, ‘B’ BENCH ..
The Supreme Court on Tuesday ruled that no service tax can be levied on the sale, promotion and marketing of lottery tickets. A bench comprising Justice SB Sinha and Justice Cyriac Joseph upheld the Sikkim High Court’s order that quashed the e ..
The Directorate-General of Central Excise Intelligence (DGCEI) has slapped a show-cause notice on Vodafone Essar Ltd for allegedly not paying service tax on commissions paid to distributors of its pre-paid cellular card. The show-cause was issued af ..
The Finance Ministry will shortly meet representatives from the packaged software industry to settle the issue of double taxation on the sector. "We will meet representatives from the industry soon. They will put forth their suggestions, then w ..
The Supreme Court issued notice to Bollywood megastar Amitabh Bachchan on a petition filed by the Income Tax department, challenging the Bombay High Court order allowing 30 per cent exemption on his income.Bachchan had filed a writ petition, seeking ..
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