Govt promotes indigenously-manufactured cellphones (See 'TOG News')Schemes being implemented to promote industrialization of Backward Areas: Govt (See 'TOG News')Railways aims for more freight & passenger traffic for higher revenue (See 'TOG News')Govt flags off Economic Census (See 'TOG News')TP - Companies which fail test of functionalty, employee cost filter & service revenue filter, merit exclusion from list of comparables: ITAT (See 'TOG Latest')I-T - Re-assessment beyond four-year limitation period is untenable of assessee is found to have made no false statements regarding deduction claimed u/s 10B: HC (See 'TOG Latest')Customs - Power to cancel Custom Broker's license is to be used cautiously where livelihood of such person is at stake, rather than being used arbitrarily: CESTAT (See 'TOG Latest')Central Excise - Clandestine removal - Allegations are untenable where purchase of inputs, deployment of labor & transportation of finished goods is not proven: CESTAT (See 'TOG Latest')Centre imports additional 12660 MT of Onions; arrival of new contracts to begin from Dec 27Make in India - Navy exhibits indigenous weapon systems (See 'TOG News')Govt actively working to promote shipbuilding in India: MoS (See 'TOG News')TP - Every item of receivables which may have dealings with foreign AEs will not automatically be characterized as international transaction: ITAT (See 'TOG Latest')I-T - TDS u/s 194C need not be deducted on cost of construction incurred by contractor, by deeming assignment of rights as contractual obligation: HC (See 'TOG Latest')Central Excise - Rule 6 of CCR is in keeping with settled principle of law that cenvat credit of duty paid on inputs used to manufacture exempted products cannot be allowed: SC LB (See 'TOG Latest')Service Tax - Filing of revised returns invalidates and voids the original returns; in such case, the latter cannot be relied upon to seek reversal of cenvat credit: CESTAT (See 'TOG Latest')One Last opportunity to claim transitional credits (See 'THE INSIGHT')
Tax on Go
Budget 2015
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