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Updates of the Day

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1. Service of assessment order by hand delivery to kitchen boy of Assessee Company is bad service–The Honorable Supreme Court in the case of Saral Wire Craft Pvt. Ltd.

 2. Amount received as compensation towards the damage to the land cannot be said to be a revenue receipt and not taxable. [Jagan Nath Prasad & Sons vs. ITO, ITAT – Delhi].

 3. MCA vide its letter has directed RD North to shift its office from Noida to Paryavaran Bhawan, C.G.O. Complex, New Delhi.

 4. W.e.f. 01 September, 2015 all the appeals/ applications arising from the territories of the State of Uttar Pradesh for Customs, Excise and Service Tax Appellate Tribunal, shall be listed for hearing at Regional Bench, Allahabad.

 5. No denial of Cenvat credit availed on invoices issued in the name of unregistered premises. [CESTAT, Delhi: All spheres Entertainment Pvt. Ltd. vs. CCE, Meerut].

 6. Procedure for filing applications under MEIS and SEIS by units located in SEZs and EOUs has been further clarified by DGFT by Public Notice No 30/2015-20 dated 26/07/2015.

 7. Cabinet approves arbitration law amendments for expeditious case disposal, cost-effective arbitration.

 8. State Bank of Bikaner & Jaipur invites empanelment of Chartered Accountants / Cost Accountants for forensic audit at head office, Jaipur. 

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