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Updates Of The Day...

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Updates Of the Day

1.ST applies on C&F Agent Services despite non clearing from factory. [Somani Agencies vs. CCE & ST, Indore; (CESTAT-New Delhi); Final Order No. 50085/2016]
2.Non-Tax Receipt Portal : Platform for making online payment of non-tax receipts by citizens / corporate / others inaugurated by Ministry of Finance on 15.2.16.
3.Excess Cenvat due to calculation mistake is not wrong availment .[M/s. TNT (INDIA) PVT LTD vs Commissioner of Central Excise and Service Tax BANGALORE-III; (CESTAT- Bangalore); Final Order No. 22133 / 2015]
4.Penalty u/s 271AAA is not tenable where no search was conducted. [DCIT vs. M/s. Sam India Abhimanyu Housing (ITAT Delhi), ITA No.1257/ Del./ 2015, AY 2011-12]
5.Non TDS deduction disallowance is not sustainable if payee discharges his tax liability.[ Kurian Ulahannan Moothukuzhiyil vs. ITO (ITAT Ahmedabad), I.T.A. No. 2524 / Ahd /2014, AY 2010-11]
6.Section 80IB(10) : Deduction allowed on additional business declared post search.[Madhav Corporations vs. ACIT (ITAT Ahmedabad), IT(SS) A Nos. 380 to 382/AHD/2014, AY 2010-11].

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