TP - Mere dissatisfaction with factual findings of ITAT regarding selection of comparables after application of quantitative/qualitative filters cannot be contested u/s 260A: HC (See 'TOG Latest')I-T - Assessee is eligible to claim exemption u/s 54 where possession of flat held by him since date of allotment is handed over & capital gain is paid on transfer of property 'held': ITAT (See 'TOG Latest')Customs - Classification of imported goods cannot be decided based on internet search results when Department could have obtained expert opinion or technical write-up: CESTAT (See 'TOG Latest')Central Excise - Demands cannot be raised under rent-a-cab service where Department is unable to prove that vehicle was capital goods of assessee & was registered in its name: CESTAT (See 'TOG Latest')ISA - India to host first general conclave (See 'TOG News')New convention & expo centre to reflect economic progress: Modi (See 'TOG News')TP - When agreement between two resident companies does not provide for any markup on total cost then no addition is permitted by applying margin of international transactions: ITAT (See 'TOG Latest')I-T - If interest income does has no direct link with eligible business or business activity then it can be considered for deduction claimed u/s 80IB & 80IC: ITAT (See 'TOG Latest')Central Excise - Cenvat credit be availed on supplementary invoices rasing demand for 'royalty charges' & 'stowing excise duty', 'paryavaran upkar', 'vikas upkar', 'forest fee' & 'Entry tax': CESTAT (See 'TOG Latest')Service Tax - Extended period of limitation cannot be invoked where issue of taxability of commission received from banks was contested during period of dispute: CESTAT (See 'TOG Latest')Govt launches Swachhata Hi Seva campaign to promote cleanliness (See 'TOG News')Govt launches Swachhata Hi Seva campaign to promote cleanliness (See 'TOG News')Delhi Govt inks pact with Seoul for better infrastructure & public health (See 'TOG News')Govt launches star rating based on efficient energy use (See 'TOG News')DTAA - Tax Residency Certificate constitutes sufficient evidence for accepting status of residence as well as beneficial ownership for seeking treaty benefits: ITAT (See 'TOG Latest')I-T - Pre-deposit of duty demanded from cooperative institution can be waived off considering that its members come from marginal sections of society: ITAT (See 'TOG Latest')Customs - Duty exemption under Notfn No 46/2006-Cus can be denied where entire quantity of imported goods were not used to manufacture final product: CESTAT (See 'TOG Latest')Central Excise - Cenvat credit cannot be allowed on Outdoor Catering service which is utilized for personal use by employees & has no nexus with manufacture of final product: CESTAT (See 'TOG Latest')
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JUST GAZETTED

Activation of E-com module for SEIS, based on ANF 3B notified vide Public Notice 15/2015-2020 dated 28.6.2018
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IGST Refund - Govt puts Cost Accountant at par with CA for issuing certificates
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CBIC amends exchange rate for South African Rand
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Govt liberalises ECB Policy including policy on Rupee-denominated bonds
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DGFT - Import Policy of Long Pepper revised from "Prohibited" to "Free" and Minimum Import Price (MIP) not applicable on Long Pepper.
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CBIC - Circular No.52/2017, had prescribed procedure for facilitating and monitoring transshipment of consignments sealed under ECTS at ICDs/CFSs and destined for export to Nepal or Bangladesh.
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< More Circular / Notification / Instruction >

ORDER, ORDER!!

BENGALURU, Sep 21, 2018
TP - Mere dissatisfaction with factual findings of ITAT regarding selection of comparables after application of quantitative/qualitative filters cannot be contested u/s 260A: HC ....

KOLKATA, Sep 21, 2018
I-T - Assessee is eligible to claim exemption u/s 54 where possession of flat held by him since date of allotment is handed over & ....

CHENNAI, Sep 21, 2018
Customs - Classification of imported goods cannot be decided based on internet search results when Department could have obtained expert opinion or technical write-up: CESTAT ....

CHENNAI, Sep 21, 2018
Central Excise - Demands cannot be raised under rent-a-cab service where Department is unable to prove that vehicle was capital goods of assessee & was ....

< More News >
   
   

GST LATEST

THE INSIGHT

Applicability of GST on liquidated damages

By: Rahul S Jain

THE following is the analysis of the ARA ruling delivered in the case of Maharashtra State Power Generation Company Ltd. No. GST-ARA-15/2017-18/B-30 = TOG-35-ARA-GST-2018 dated 8th May 2018.

Facts of the Case:

-  The Applicant is a State power utility engaged ....

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GST NEWS

Gurugram, Sep 20, 2018
TOG News Service
GST - Two held for ITC fraud to tune of Rs 79 crores ....

New Delhi, Sep 18, 2018
TOG News Service
NACIN to conduct exam for GST practitioners ....

New Delhi, Sep 10, 2018
TOG News Service
GST - Deadlines for filing Form GSTR-1 & Form GSTR-3B extended in flood-hit areas ....

New Delhi, Aug 21, 2018
TOG News Service
GST - Govt extends deadlines for filing returns in flood-hit Kerala & Karnataka ....

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TIOL TUBE LATEST

   

NEWS PILLS

ISA - India to host first general conclave

TOG News Service, New Delhi, Sept 21, 2018: THE inauguration of the first General Assembly of the International Solar Alliance (ISA) would take place on October 2, 2018 in Delhi, an MEA statement ....

New convention & expo centre to reflect economic progress: Modi

TOG News Service, New Delhi, Sept 21, 2018: THE Prime Minister Mr Narendra Modi, yesterday laid the foundation stone for India International Convention and Expo Centre (IICC) at Dwarka, New Delhi. Addressing the gathering ....

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EDITOR's KEYBOARD - FROM ARCHIVE

Mumbai terror attack: An internal roadmap for new Home Minister and an external for PM!

By: Shailendra Kumar, Founder Editor

THE sad, dark shadow of what happened last Wednesday in Mumbai will continue to lengthen in its impact on India's political, economic, social and diplomatic landscape. The cauldron of repressed anger of the common man against boneless and virility-deprived political governance has burst open with serious manifestations, never seen before in post-Independence era. The people in this country, living ....

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