International Tax Ruling
SC holds that rigs imported to India solely for the purpose of repair would not constitute ‘taxable import’ since they are not ‘goods’ under Customs Act; However, provisions of
...View More No excise duty payable on process of garnetting / carding synthetic filament / fibre waste, as same does not amount to “manufacture”; Rejects Revenue’s reliance on Chapter Note 3 of
...View More Rent received by paint manufacturer from leasing of Computer Colour Display Machines to dealers not taxable as “Banking and other Financial Services” (BoFS) u/s 65(12) r/w Section 65(105)(
...View More SC upholds HC order which barred reopening of assessment beyond limitation period of 4 / 6 years prescribed u/s 34 of DVAT Act; HC had also allowed VAT refund to assessee which had become due within e
...View More CESTAT disallows benefit of exemption under Notification No. 214/86-CE to sub-assemblies manufactured on job-work, which are further used for exempted tractors; Rejects assessee’s contention tha
...View More CESTAT quashes show cause notice demanding service tax under ‘Franchise services’ category in respect of income earned from ‘joining & business fee’ and ‘business ren
...View More Bombay HC denies deferral of sale tax liability in respect of sale of DEPB by the assessee, holding eligibility certificate under Package Scheme of Incentives; Notes that eligible industrial units hol
...View More HC quashes re-assessment order and consequential demand of additional tax + interest, being beyond limitation period of 8 years under Assam General Sales Tax Act, 1993 (AGST Act); Rejects Revenue&rsqu
...View More P&H HC quashes levy of VAT on builders prior to May 17, 2010, absent machinery provisions under Haryana VAT Act or Rules framed thereunder for calculation of ‘taxable turnover’; Holds
...View More SC upholds CESTAT order, activity of regassification and packing of pure argon and nitrogen in smaller cylinders and mixing inert gases (like argon, nitrogen, helium, etc) with other gases like oxygen
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