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CBDT directs various CIT (Exemptions) and their subordinates to exercise powers in respect of notified cases or classes [ Notification no. 52/2014, Dated: October 22, 2014].
VAT Commissioner does not have right to impose penalty of Rs 10,000/- on Dealers for not filing Stock Statement- Delhi High Court granted relief to 50,000 dealers on its judgement on 29.10.2014.
Export to Nepal in INR and FOC export, excise duty benefit is available on export of manufactured goods made on FOC basis will also eligible for excise duty benefits.
Haryana dealers of Petrol and Diesel products liable to pay vat on price at which the products are sold to consumers[Hon’ble High court of Punjab and Haryana in all Haryana petroleum dealers Association vs. State of Haryana].
Where assessee handed over possession of property to builder on first installment of sale consideration, transfer of property took place when said installment was received- Case Law on Joint Venture- Kerala High Court.
VAT Commissioner does not have right to impose penalty of Rs 10,000/- on Dealers for not filing Stock Statement- Delhi High Court granted relief to 50,000 dealers on its judgement on 29.10.2014.
Export to Nepal in INR and FOC export, excise duty benefit is available on export of manufactured goods made on FOC basis will also eligible for excise duty benefits.
Haryana dealers of Petrol and Diesel products liable to pay vat on price at which the products are sold to consumers[Hon’ble High court of Punjab and Haryana in all Haryana petroleum dealers Association vs. State of Haryana].
Where assessee handed over possession of property to builder on first installment of sale consideration, transfer of property took place when said installment was received- Case Law on Joint Venture- Kerala High Court.
