PFA
Please find herein enclosed an article contributed by me to Taxmann group of publications on 17-01-2015 which is appearing in Taxmann's Corporate Professionals Today at pages 121-126-Issue for the fortnight 16-01-2015 to 31-01-2015. I am glad to inform you that this article was approved by the Editorial Board of Taxmann within 48 hours of submission. I request you to go through this article and send your feedback.
If you want a copy of this issue which runs into 100 pages- this journal contains useful articles contributed by giants in the field of Income-tax and Indirect Taxes- I shall send you a pdf version of this issue.
Regards
S. KRISHNAN
CHARTERED ACCOUNTANT
NO.2, C.V. RAMAN ROAD
ALWARPET
CHENNAI – 600 018
TEL. Nos. (OFFICE) 044- 24671175 TELEFAX 24671437
TEL. No. (RESIDENCE) 044-24988029
MOBILE: 098407- 01449
E-MAIL IDs: ariyurkrish@gmail.com and krishnagesh2@eth.net
ITR'S TRIBUNAL TAX REPORTS (ITR (Trib)) HIGHLIGHTS
F Where trust registered u/s. 12A, claiming depreciation not amount of double deduction : ITO v. Lamika Educational and Charitable Trust (Chennai) p. 82
F Revision : Commissioner : Where assessee accepting claim as typographical error during revision proceedings, setting aside assessment order proper : Bhima Jewellery v. Dy. CIT (Cochin) p. 408 (12-12-2014)
F Precedent : High Court : Where SLP pending before SC, AO bound to follow decision of High Court : Asst. CIT v. Hans Raj Gandhi (Chandigarh) p. 418 (18-11-2014)
F Expenditure incurred on repairs and maintenance, no acquisition of new capital asset, is revenue expenditure : Dy. CIT v. Eicher Motors Ltd. (Delhi) p. 427 (21-11-2014)
F Payment for application software not resulting in creation of new profit-earning apparatus or source of income, revenue expenditure : Dy. CIT v. Eicher Motors Ltd. (Delhi) p. 427 (21-11-2014)
F Payments to contractors for carriage of goods and passengers by any mode of transport other than railways u/s. 194C and not "rent" for hire of plant and machinery u/s. 194-I, penalty cannot be levied : Regional Manager, UPSRTC, (Ghaziabad Deport) v. Dy. CIT (TDS) (Delhi) p. 487 (22-12-2014)
F Search and seizure : Notice issued to assessee pursuant to search not come within preceding six years and to be quashed : R. L. Allied Industries v. ITO (Delhi) p. 507 (28-11-2014)
F Reassessment : Where AO simply reproducing details received from DIT without any verification and examination, notice and reassessment not valid : Monarch Educational Society v. ITO (Delhi) p. 512 (24-11-2014)
| COMPANY LAW INSTITUTE OF INDIA PVT. LTD. No. 2, Vaithyaram Street, T.Nagar, Chennai - 600017. Phone: (044) 24350752 - 55 Fax: (044) 24322015 info@cliofindia.com |
GOODS AND SERVICE TAX REPORTS (GSTR) HIGHLIGHTS
F Appellate Tribunal can extend stay for period not exceeding 185 days and stay to stand vacated if appeal not disposed of within 365 days : CCE, Customs and Service Tax v. Shree Renuka Sugars Ltd. (Karn) p. 243
F Court cannot entertain belated claims unless tangible explanation offered for approaching it belatedly : Nicolian Bros. v. Union of India (Delhi) p. 252
F Appellate Tribunal can extend stay beyond 365 days only on recording satisfaction that delay in disposing of appeal within 365 days not attributable to assessee : Commissioner v. Small Industries Development Bank of India (Guj) p. 263
F Where entire assets belonging to proprietorship vesting in partnership, partnership cannot escape statutory liability towards payment of duty of erstwhile proprietorship concern : Shree Ganesh Forging Co. v. UOI (No. 1) (Cal) p. 286
F Appellate Tribunal cannot pass order condoning delay of more than prescribed period in absence of any express power to do so : Shree Ganesh Forging Company v. UOI (No. 2) (Cal) p. 290
F Exempted export services to be added to export turnover of services for arriving at unutilised service tax credit pertaining to exported service admissible as refund : Quintiles Technologies (India) P. Ltd. v. CST (Trib.-Ahd) p. 245
F Assessee cannot take suo motu credit of reversed credit on conversion of advance licence without concurrence of authorities : Steelco Gujarat Ltd. v. CCE (Trib.-Ahd) p. 297
F C. B. E. C. Circulars :
Circular No. 16/2014-Customs, dated 18th December, 2014-Re-warehousing of goods imported and/or procured indigenously by EOU/EHTP/STP/BTP units-Regarding p. 49
Circular No. 17/2014-Customs, dated 18th December, 2014-Authentication of supply invoice/ARE-3 by the Central Excise Authorities for Claiming Deemed export benefits-Regarding p. 50
Circular No. 19/2014-Customs, dated 31st December, 2014-24 × 7 Customs clearance-Regarding p. 51
Circular No. 991/15/2014-CX, dated 17th December, 2014-Amendment to CESTAT appeal forms-Regarding p. 53
Circular No. 992/16/2014-CX, dated 26th December, 2014-Inclusion of cases filed in Settlement Commission in "call-book"-Regarding p. 55
Circular No. 993/17/2014-CX, dated 5th January, 2015-Mandatory pre-deposit of duty or penalty for filing appeal-Regarding p. 56
F Notifications :
Customs Act, 1962 : Notification under section 14 : Exchange rate of foreign currency for import/export of goods with effect from December 18, 2014 p. 60
Notification under section 14(2) : Rates of basic duty on specified goods : Amendments p. 58
Customs Tariff Act, 1975 : Notification under section 9A(1) and (5) : Anti-dumping duty on import of cable ties from China and Taiwan p. 61
| COMPANY LAW INSTITUTE OF INDIA PVT. LTD. No. 2, Vaithyaram Street, T.Nagar, Chennai - 600017. Phone: (044) 24350752 - 55 Fax: (044) 24322015 info@cliofindia.com |
__._,_.___
No comments:
Post a Comment