TIOL-DDT 1541 · the untouched capture
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<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#663399" size="3">TIOL-DDT 1541 </font><br>
02.02.2011 <br>
Wednesday </strong></font></p>
<p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#006600">Income Tax - Income Limits for Assigning Cases to ITO, AC/DC </font></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>CBDT </strong>has received representations from taxpayers, especially from moffussil areas that the existing monetary limits for assigning cases for ITOs and DCs / ACs is causing hardship to the taxpayers, as it results in transfer of their cases to a DC/AC who is located in a different station which increases their cost of compliance. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The kind Board has favourably considered the matter and has fixed new monetary limits as: </font></p>
<table
width=450 border=1 align="center" cellpadding=3 cellspacing=0>
<tr>
<td width=89 rowspan=2 valign=top> </td>
<td width=152 colspan=2 valign=top><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><span style='color:red'>Income Declared<br>
</span></b></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><span style='color:red'>(Mofussil areas)</span></b></font></p> </td>
<td width=128 colspan=2 valign=top><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><b><span style='color:red'>Income Declared (Metro Cities)</span></b></font></p></td>
</tr>
<tr>
<td width=78 valign=top bgcolor="#DFD8E8"><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><span class=SpellE><b><span
style='color:#3366FF'>ITOs</span></b></span></font></p></td>
<td width=75 valign=top bgcolor="#DFD8E8"><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><span class=SpellE><b><span
style='color:#3366FF'>ACs</span></b></span><b><span
style='color:#3366FF'>/<span class=SpellE>DCs</span></span></b></font></p></td>
<td width=64 valign=top bgcolor="#DFD8E8"><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><span class=SpellE><b><span
style='color:#3366FF'>ITOs</span></b></span></font></p></td>
<td width=64 valign=top bgcolor="#DFD8E8"><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><span class=SpellE><b><span
style='color:#3366FF'>DCs</span></b></span><b><span
style='color:#3366FF'>/<span class=SpellE>ACs</span></span></b></font></p></td>
</tr>
<tr>
<td width=89 valign=top><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><span style=''>Corporate returns</span></font></p></td>
<td width=78 valign=top><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><span class=SpellE><span
style='"Times New Roman"'>Upto</span></span><span
style='"Times New Roman"'> Rs. 20 <span class=SpellE>lacs</span></span></font></p></td>
<td width=75 valign=top><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><span style='"Times New Roman"'>Above Rs. 20 <span class=SpellE>lacs</span></span></font></p></td>
<td width=64 valign=top><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><span class=SpellE><span
style='"Times New Roman"'>Upto</span></span><span
style='"Times New Roman"'> Rs. 30 <span class=SpellE>lacs</span></span></font></p></td>
<td width=64 valign=top><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><span style='"Times New Roman"'>Above Rs. 30 <span class=SpellE>lacs</span></span></font></p></td>
</tr>
<tr>
<td width=89 valign=top bgcolor="#DFD8E8"><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><span style=''>Non-corporate returns</span></font></p></td>
<td width=78 valign=top bgcolor="#DFD8E8"><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><span class=SpellE><span
style='"Times New Roman"'>Upto</span></span><span
style='"Times New Roman"'> Rs. 15 <span class=SpellE>lacs</span></span></font></p></td>
<td width=75 valign=top bgcolor="#DFD8E8"><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><span style='"Times New Roman"'>Above Rs. 15 <span class=SpellE>Lacs</span></span></font></p></td>
<td width=64 valign=top bgcolor="#DFD8E8"><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><span class=SpellE><span
style='"Times New Roman"'>Upto</span></span><span
style='"Times New Roman"'> Rs. 20 <span class=SpellE>lacs</span></span></font></p></td>
<td width=64 valign=top bgcolor="#DFD8E8"><p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><span style='"Times New Roman"'>Above Rs. 20 <span class=SpellE>Lacs</span></span></font></p></td>
</tr>
</table>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Metro Cities are Ahmedabad, Bangalore, Chennai, Delhi, Kolkata, Hyderabad, Mumbai and Pune. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=67&filename=notification/cbdt/2011/instruct1101.htm" target="_blank"><strong>CBDT Instruction No. 01/2011; Dated January 31, 2011 </strong></a></font></p>
<p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Import and Supply of Precious Metal by Nominated Agencies – DGFT Withdraws Guidelines and Clarification </strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>DGFT</strong> had issued Guidelines for import and supply of precious metal by the Nominated Agencies by Circular No.77 (RE-2008) dated 31.3.2009 and by Circular No.24 (RE-2009-14) dated 11.2.2010, had clarified about the stipulation of 15% disbursement. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Now both these circulars are withdrawn. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=46&filename=notification/dgft/2010/dgft10cir014.htm" target="_blank"><strong>DGFT Policy Circular No. 14/(RE-2010) 2009-14, Dated: February 1, 2011 </strong></a></font></p>
<p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Quota For Export of Cotton Yarn – Applications Invited </strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>AS</strong> per Notification No. 14 (RE-2010)/2009-14 dated 22.12.2010, export of cotton yarn under ITC(HS) codes 5205 , 5206 & 5207 was placed under the restricted category with export allowed subject to licensing. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">DGFT invites applications for allocation of quota for export of cotton yarn from 02.02.2011 to 07.02.2011 (till 5.00 PM). </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Allocation will be done on a <em>prorata </em> basis. The maximum that an applicant can apply is 100,000 Kg. per IEC or what has been exported by such IEC holder during 2009-10, whichever is more.( Example : if an applicant has exported 120,000 kg in 2009-10, then such applicant can apply for a maximum amount of 120,000 kg only ; similarly an applicant who has not exported at all in 2009-10 can apply upto 100,000 kg) </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Only one application per IEC will be accepted and any subsequent application made by the same IEC holder will be rejected and not considered for allocation. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Failure to export the allocated quantity within the stipulated time would invite debarment from further allocation. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=46&filename=notification/dgft/2010/dgft10cir015.htm"><strong>DGFT Policy Circular No. 15/(RE-2010) 2009-14, Dated: February 1, 2011 </strong></a></font></p>
<p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>RTI - Information on Disciplinary Proceedings (Against Central Excise Chief Commissioner) cannot be withheld by UPSC </strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>APPELLANT</strong>, RK Jain wanted to inspect all the records relating to the proposed disciplinary action and/or imposition of penalty against Sri GS Narang , IRS, with the UPSC . On being denied the information, the appellant is before the Central Information Commission. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The CIC ruled that: </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Whatever records it (UPSC) holds in regard to this case will have to be disclosed because this cannot be classified as personal information merely on the ground that it concerns some particular officer. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Information regarding the disciplinary matters against any government employee cannot be withheld by claiming it to be personal information. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Commission directed the UPSC to invite the Appellant on any mutually convenient date within 15 working days from the receipt of this order and to show him the relevant records in the possession of the UPSC for his inspection. After inspection, if the Appellant chooses to get the photocopies of some of those records, the CPIO shall provide the same <strong>free of cost</strong>. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=70&filename=pitara/sercaselaw/caselaw/2011/2011-TIOL-01-CIC.htm" target="_blank">Click here </a><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=70&filename=pitara/sercaselaw/caselaw/2011/2011-TIOL-01-CIC.htm"> for the CIC Order </a></strong></font></p>
<p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Those With Accountants and Lawyers Can End Up Paying No Taxes - Obama </strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>WITH</strong> Income Tax raids on Bollywood actresses, Income Tax Lawyers and CAs are in great demand in Mumbai. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Even US President Obama believes that lawyers can get you out of taxes. In his State of Union Address last week, Obama said, “ <em>over the years, a parade of lobbyists has rigged the tax code to benefit particular companies and industries. Those with accountants or lawyers to work the system can end up paying no taxes at all. But all the rest are hit with one of the highest corporate tax rates in the world. It makes no sense, and it has to change</em>. <em> So tonight, I'm asking Democrats and Republicans to simplify the system. Get rid of the loopholes. Level the playing field. And use the savings to lower the corporate tax rate for the first time in 25 years - without adding to our deficit. It can be done </em>.” </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Obama also observed, </strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ China and India realized that with some changes of their own, they could compete in this new world. And so they started educating their children earlier and longer, with greater emphasis on math and science. They're investing in research and new technologies. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Recently, we signed agreements with India and China that will support more than 250,000 jobs here in the United States. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ We've reset our relationship with Russia, strengthened Asian alliances, built new partnerships with nations like India. </font></p>
<p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><strong><font color="#006600">Jurispruden</font><font color="#FF6633" size="4">tiol</font><font color="#006600"> – Thursday's cases</font></strong></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><img src="http://www.taxindiaonline.com/RC2/image/stories/ddt_hammer.jpg" alt="Legal Corner Icon" width="100" height="84" hspace="5" border="0" align="left"></font><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Central Excise </strong></font></p>
<p align="justify"><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>CENVAT credit availed on packing material - goods rejected by customer – old packing material scrapped and disposed of - Credit reversal sought - appellant not able to establish that transactions completed in terms of rule 16 of CER , 2002 - Appeal dismissed: CESTAT </strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> Duty demanded is Rs. 2735/-. Appeal dismissed under the second proviso to sub-section (1) of Section 35B of the Central Excise Act. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#663399">Income Tax </font></strong></font></p>
<p align="justify"><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Whether when individual assessee's name acquires currency of popular brand name, compensation paid to him by company for using the same as trade mark is to be treated as capital receipt - YES, says ITAT </strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> issue before the Tribunal is - Whether when the individual assessee's name acquires the currency of a brand name, compensation paid to the assessee by the company for using the same as a trade mark is to be treated as capital receipt. And the Tribunal's answer is YES. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#663399">Service
Tax</font></strong></font></p>
<p align="justify"><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Relevant date for filing of refund of credit in respect of Export services is the date when the payment of service (exported) is received and not date of providing the service: CESTAT </strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>IN</strong> this case, the Commissioner(A) held that the relevant date for filing of refund claim under rule 5 of CCR , 2004 in respect of Export Services is the date when the payment of service (exported) is received by the assessee and not the date when the service is provided. It is the stand of the Revenue that the relevant date is the date of service tax paid as per section 11B of Central Excise Act, 1944. Harbouring such a view, the <em>Commissioner of Central Excise, Pune-I </em>is before the CESTAT. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#663399">See our columns Tomorrow for the Judgements </font></strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#FF6666">Until Tomorrow with more DDT </font></strong></font></p>
<p align="justify"><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Have a Nice Time. </strong></font></p>
<p align="justify"><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Mail your comments to</strong></font> <font size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="mailto:vijaywrite@taxindiaonline.com"><strong>vijaywrite@taxindiaonline.com </strong></a></font></p>
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