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Home e-Newsletters Index Year 2018 February Day 17 - Saturday

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TMI Tax Updates - e-Newsletter
February 17, 2018

Case Laws in this Newsletter:

Income Tax Customs Corporate Laws Insolvency & Bankruptcy PMLA Service Tax Central Excise CST, VAT & Sales Tax



Highlights / Catch Notes

  • Income Tax:

    Explanatory Notes to the Provisions of the Finance Act, 2017 - Circular

  • Income Tax:

    Deemed dividend u/s 2(22)(e) - CIT(A) was not justified in holding that the amount of capital subsidy was a part of accumulated profited to be considered as deemed dividend under S. 2(22)(e). - AT

  • Customs:

    Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver - Notification

  • Customs:

    If the goods are pilferred after they are unloaded or lost or destroyed at any time before clearance for home consumption or deposit in warehouse, importer is not liable to pay duty leviable on such goods. - AT

  • Customs:

    Project import - the appellants have imported pipes and utilized the same for drinking water supply project and not for water treatment project - appellants will not be entitled to the benefit of Project Import - AT

  • Customs:

    Import of restricted item - audio visual equipment - the imported goods will be eligible for clearance without an import licence since they are in the nature of capital goods for the importer who is providing audio visual service. - AT

  • DGFT:

    Amendments/Corrections in Table 2 of Appendix 3B Foreign Trade Policy 2015-20 - Public Notice

  • IBC:

    Corporate Insolvency Resolution Process - the Petitioner being an Assignee under the Assignment Agreement of the operational debt cannot maintain this Petition for recovery of arbitral Award amount which has not been assigned to it. - Tri

  • Service Tax:

    Levy of service tax - maintenance charges for upkeep of the apartment or premises - whether the CESTAT was right in holding that the assessee was not providing Management, Maintenance or Repair Service by collecting amount from prospective flat buyers, for maintaining the building, in the guise of deposits which is not returnable? - Appeal of the revenue dismissed - HC

  • Service Tax:

    Composition scheme for works contract - If the erection contract is only a service contract there is no question of availing composition scheme available to works contract service. - AT

  • Service Tax:

    Nature of receipt of donation - clubs or associations services - Such donations even if made by the non-members, cannot be made liable to service tax under the Finance Act, 1994 - AT

  • Service Tax:

    Liability of tax - real estate agent service - the promoter and manager of such property cannot be taxed as real estate agent for the consideration received to substitute the name of the owner / allottee in their records - AT

  • Service Tax:

    Real Estate Agent service - service tax was on the charges collected for change of name of the owner of the property in the residential complex originally built and promoted by the appellant - matter remanded to the Original Authority for a fresh re-look - AT

  • Service Tax:

    Supply of tangible goods service - bunker-houses - appellant is claiming these are accommodations created at site. - there is no identified supply of bunker-houses as considered by the lower authorities - demand of service tax set aside - AT

  • Service Tax:

    Commercial or Industrial Construction Services - The hospitals and buildings for medical facilities used by the public cannot be considered as civil construction or building intended for use for commerce or industry. Collection of fee, if any, for the usage of the said facility by itself will not make a building as used for commerce or industry. - AT

  • Service Tax:

    Voluntary Compliance Entitlement Scheme - rejection of VCES application - the appellant attracts disqualification because demand was confirmed against him under the WCS for the period 2007-08 which clearly covered under Section 106(2) of the Finance Act, 2013 - AT

  • Service Tax:

    Whether appellant herein engaged in operations and maintenance of power plants, as per the agreements entered with GVK industries Ltd., at various locations is liable to be taxed? - operation of power plant is not taxable under maintenance and repair services - AT

  • Central Excise:

    Orders of Supreme Court, High Courts and CESTAT accepted by the Department and on which no review petitions, SLPs have been filed– reg. - Circular

  • Central Excise:

    SSI Exemption - clubbing of clearances of four entities - buying and selling material to each other - a few transactions do not by any manner indicate that there was a common pool of funds. - AT

  • Central Excise:

    Validity of SCN - The appellants are trying to defeat the proceedings by seeking cross examination of the people who were their employees and have now left. - They cannot escape by challenging the valuation of goods where they failed to co-operate and where reasonable opportunity has been given done by the Revenue, to give proper valuation. - AT

  • Central Excise:

    Classification of Rose Syrup - Sarasaparilla Syrup’ (Nannari syrup) - whether classified under CETH 2001.00 or under CETH 2108.20? - subject goods merit classification under 2108.20 as 'Sharbat' - AT


Articles


Notifications


Circulars / Instructions / Orders


News


Case Laws:

  • Income Tax

  • 2018 (2) TMI 1092
  • 2018 (2) TMI 1091
  • 2018 (2) TMI 1090
  • 2018 (2) TMI 1089
  • 2018 (2) TMI 1088
  • 2018 (2) TMI 1087
  • 2018 (2) TMI 1086
  • 2018 (2) TMI 1085
  • 2018 (2) TMI 1084
  • 2018 (2) TMI 1083
  • 2018 (2) TMI 1082
  • 2018 (2) TMI 1094
  • 2018 (2) TMI 1081
  • 2018 (2) TMI 1080
  • 2018 (2) TMI 1093
  • Customs

  • 2018 (2) TMI 1077
  • 2018 (2) TMI 1079
  • 2018 (2) TMI 1078
  • 2018 (2) TMI 1076
  • 2018 (2) TMI 1075
  • 2018 (2) TMI 1074
  • 2018 (2) TMI 1073
  • 2018 (2) TMI 1072
  • 2018 (2) TMI 1071
  • 2018 (2) TMI 1070
  • 2018 (2) TMI 1069
  • 2018 (2) TMI 1068
  • 2018 (2) TMI 1067
  • 2018 (2) TMI 1066
  • 2018 (2) TMI 1065
  • 2018 (2) TMI 1064
  • Corporate Laws

  • 2018 (2) TMI 1063
  • 2018 (2) TMI 1062
  • Insolvency & Bankruptcy

  • 2018 (2) TMI 1095
  • PMLA

  • 2018 (2) TMI 1061
  • 2018 (2) TMI 1059
  • 2018 (2) TMI 1058
  • 2018 (2) TMI 1060
  • Service Tax

  • 2018 (2) TMI 1054
  • 2018 (2) TMI 1057
  • 2018 (2) TMI 1053
  • 2018 (2) TMI 1052
  • 2018 (2) TMI 1056
  • 2018 (2) TMI 1051
  • 2018 (2) TMI 1050
  • 2018 (2) TMI 1049
  • 2018 (2) TMI 1048
  • 2018 (2) TMI 1047
  • 2018 (2) TMI 1046
  • 2018 (2) TMI 1045
  • 2018 (2) TMI 1055
  • 2018 (2) TMI 1044
  • 2018 (2) TMI 1043
  • 2018 (2) TMI 1042
  • 2018 (2) TMI 1041
  • 2018 (2) TMI 1040
  • 2018 (2) TMI 1039
  • 2018 (2) TMI 1038
  • 2018 (2) TMI 1037
  • 2018 (2) TMI 1036
  • 2018 (2) TMI 1035
  • 2018 (2) TMI 1034
  • 2018 (2) TMI 1033
  • 2018 (2) TMI 1032
  • 2018 (2) TMI 1031
  • 2018 (2) TMI 1030
  • 2018 (2) TMI 1029
  • 2018 (2) TMI 1028
  • 2018 (2) TMI 1027
  • 2018 (2) TMI 1026
  • 2018 (2) TMI 1025
  • 2018 (2) TMI 1024
  • Central Excise

  • 2018 (2) TMI 1023
  • 2018 (2) TMI 1022
  • 2018 (2) TMI 1021
  • 2018 (2) TMI 1020
  • 2018 (2) TMI 1019
  • 2018 (2) TMI 1018
  • 2018 (2) TMI 1017
  • 2018 (2) TMI 1016
  • 2018 (2) TMI 1015
  • 2018 (2) TMI 1014
  • 2018 (2) TMI 1013
  • 2018 (2) TMI 1012
  • 2018 (2) TMI 1011
  • 2018 (2) TMI 1010
  • 2018 (2) TMI 1009
  • 2018 (2) TMI 1008
  • 2018 (2) TMI 1007
  • 2018 (2) TMI 1006
  • 2018 (2) TMI 1005
  • 2018 (2) TMI 1004
  • 2018 (2) TMI 1003
  • 2018 (2) TMI 1002
  • 2018 (2) TMI 1001
  • 2018 (2) TMI 1000
  • 2018 (2) TMI 999
  • 2018 (2) TMI 998
  • 2018 (2) TMI 997
  • 2018 (2) TMI 996
  • 2018 (2) TMI 995
  • 2018 (2) TMI 994
  • 2018 (2) TMI 993
  • 2018 (2) TMI 992
  • CST, VAT & Sales Tax

  • 2018 (2) TMI 991
  • 2018 (2) TMI 990
  • 2018 (2) TMI 989
  • 2018 (2) TMI 988
  • 2018 (2) TMI 987
 

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