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Home Newsletters Index Year 2018 February Day 19 - Monday
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TMI Updates - Newsletter dated: February 19, 2018

TMI SMS


Highlights

  1. Income Tax : Depreciation allowability - determination of WDV - AO is directed to employ the deeming provision for computing the written down value de hors the depreciation granted under the AIT Act and take 35% of the cost of the total assets as written down value, allowing the depreciation for the relevant assessment year to that extent. - HC

  2. Income Tax : Revision u/s 263 - capital gain on sale of agricultural land - the contention of the ld. CIT in the order u/s 263 of the Act that Tehsildar’s certificate should have been corroborated with other evidence cannot be accepted - Tri

  3. Income Tax : Claim of deduction u/s 80IE(2)(ii) - water supply system and irrigation system admittedly are not part of tea manufacturing processes. Therefore, the said opening valuation of said machineries should not be considered for the purpose of claiming deduction u/s 80IE of the Act - Tri

  4. Customs : Gazetted Officer of Customs can obtain Customer details of phone numbers directly from telecom service providers u/s 108 of the Customs Act, 1962 by issuing summons if they refuse.

  5. Customs : Refund claim - valuation - air freight - the freight element has to be restricted to 20% of the FOB value when the cost of transportation of the goods is ascertainable and the transportation is by air - excess duty paid allowed to be refunded - Tri

  6. DGFT : Directives for processing of application for MEIS claims under Foreign Trade Policy 2015-20 - Public Notice

  7. DGFT : Inclusion of Seaports located at Dhamra Port and Dighi Port under Para 4.37 of Hand Book of Procedures 2015-20. - reg. - Public Notice

  8. Service Tax : CENVAT credit - input services - We wonder as to why Revenue brings appeals after appeals to this Court, and gets them routinely dismissed. The volume does not impress us and merely because 21 services are in issue means nothing to us. - HC

  9. Service Tax : Refund claim - time limitation - export of services out of India - validity of SCN - The refund has not accrued to the petitioner on account of any order or judgment but on account of statutory provisions coupled with the notification where input services are used for export of services - SCN quashed - HC

  10. Service Tax : Advertising Service - non-payment of service tax - the payment of main contractor on behalf of the appellant shall be treated as payment made by the appellant. - Tri

  11. Service Tax : CENVAT credit - certain equipments procured for providing taxable output service - FACT-10 Meter RF Shielded EME chamber - they do not qualify as capital goods as per Rule 2(a) - these goods be treated as inputs in terms of rule 2(k)(ii) of Cenvat Credit Rules, 2004. - Tri

  12. Service Tax : Valuation - if a receipt is for reimbursing the expenditure incurred for the purpose, the mere act of reimbursement, per se, would not justify the contention of the Revenue that the same, having the character of the remuneration or commission, deserves to be included in the sum amount of remuneration / Commission - demand set aside - Tri

  13. Central Excise : Refund claim - trade discount - price variation clause - Variation on the transaction value on a subsequent date cannot result in re-determination of assessable value - refund cannot be allowed - Tri

  14. Central Excise : CENVAT credit - inputs/capital goods - Steels goods such as Shape & Section, angles, M.S. Plates/rounds, beams, rails etc. falling under Chapter Heading 72, 73 & 83 of CET Act, also welding electrodes used in fabrication/construction of capital goods including structural support, etc. - credit allowed - Tri


Articles


Notifications


Circulars / Instructions / Orders


News - Feeds


Case Laws:

More information of case laws are visible to the Subscriber of a package i.e:-
Party Name, Court Name, Date of Decision, Full Text of Headnote, Decision etc.


  1. 2018 (2) TMI 1139

    In: Customs


  2. 2018 (2) TMI 1138

    In: Customs


  3. 2018 (2) TMI 1137

    In: Customs


  4. 2018 (2) TMI 1135

    In: Customs


  5. 2018 (2) TMI 1136

    In: Customs


  6. 2018 (2) TMI 1134

    In: Customs


  7. 2018 (2) TMI 1152

    In: Income Tax


  8. 2018 (2) TMI 1151

    In: Income Tax


  9. 2018 (2) TMI 1150

    In: Income Tax


  10. 2018 (2) TMI 1162

    In: Income Tax


  11. 2018 (2) TMI 1149

    In: Income Tax


  12. 2018 (2) TMI 1148

    In: Income Tax


  13. 2018 (2) TMI 1147

    In: Income Tax


  14. 2018 (2) TMI 1146

    In: Income Tax


  15. 2018 (2) TMI 1145

    In: Income Tax


  16. 2018 (2) TMI 1161

    In: Income Tax


  17. 2018 (2) TMI 1160

    In: Income Tax


  18. 2018 (2) TMI 1163

    In: Income Tax


  19. 2018 (2) TMI 1159

    In: Income Tax


  20. 2018 (2) TMI 1158

    In: Income Tax


  21. 2018 (2) TMI 1157

    In: Income Tax


  22. 2018 (2) TMI 1144

    In: Income Tax


  23. 2018 (2) TMI 1143

    In: Income Tax


  24. 2018 (2) TMI 1142

    In: Income Tax


  25. 2018 (2) TMI 1141

    In: Income Tax


  26. 2018 (2) TMI 1140

    In: Income Tax


  27. 2018 (2) TMI 1156

    In: Income Tax


  28. 2018 (2) TMI 1155

    In: Income Tax


  29. 2018 (2) TMI 1154

    In: Income Tax


  30. 2018 (2) TMI 1153

    In: Income Tax


  31. 2018 (2) TMI 1133

    In: Corporate Laws


  32. 2018 (2) TMI 1132

    In: Corporate Laws


  33. 2018 (2) TMI 1164

    In: Insolvency & Bankruptcy


  34. 2018 (2) TMI 1131

    In: Indian Laws


  35. 2018 (2) TMI 1130

    In: Indian Laws


  36. 2018 (2) TMI 1129

    In: Service Tax


  37. 2018 (2) TMI 1128

    In: Service Tax


  38. 2018 (2) TMI 1109

    In: Service Tax


  39. 2018 (2) TMI 1125

    In: Service Tax


  40. 2018 (2) TMI 1126

    In: Service Tax


  41. 2018 (2) TMI 1127

    In: Service Tax


  42. 2018 (2) TMI 1124

    In: Service Tax


  43. 2018 (2) TMI 1122

    In: Service Tax


  44. 2018 (2) TMI 1123

    In: Service Tax


  45. 2018 (2) TMI 1120

    In: Service Tax


  46. 2018 (2) TMI 1121

    In: Service Tax


  47. 2018 (2) TMI 1118

    In: Service Tax


  48. 2018 (2) TMI 1119

    In: Service Tax


  49. 2018 (2) TMI 1117

    In: Service Tax


  50. 2018 (2) TMI 1116

    In: Service Tax


  51. 2018 (2) TMI 1115

    In: Service Tax


  52. 2018 (2) TMI 1114

    In: Service Tax


  53. 2018 (2) TMI 1113

    In: Service Tax


  54. 2018 (2) TMI 1111

    In: Central Excise


  55. 2018 (2) TMI 1110

    In: Central Excise


  56. 2018 (2) TMI 1112

    In: Central Excise


  57. 2018 (2) TMI 1096

    In: Central Excise


  58. 2018 (2) TMI 1108

    In: Central Excise


  59. 2018 (2) TMI 1106

    In: Central Excise


  60. 2018 (2) TMI 1107

    In: Central Excise


  61. 2018 (2) TMI 1105

    In: Central Excise


  62. 2018 (2) TMI 1104

    In: Central Excise


  63. 2018 (2) TMI 1103

    In: Central Excise


  64. 2018 (2) TMI 1101

    In: Central Excise


  65. 2018 (2) TMI 1102

    In: Central Excise


  66. 2018 (2) TMI 1100

    In: Central Excise


  67. 2018 (2) TMI 1099

    In: Central Excise


  68. 2018 (2) TMI 1098

    In: Central Excise


  69. 2018 (2) TMI 1097

    In: Central Excise


 
 
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