TIOL-DDT 158 · the untouched capture
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<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> <b><font color="#663399" size="3">TIOL-DDT
158</font><br>
15 07 2005<br>
Friday</b></font></p>
<p align="center"><font color="#006633" size="2" face="Verdana, Arial, Helvetica, sans-serif">
<b>Mandideep is declared as port – what about Vizag?</b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">
Mandideep in Madhya Pradesh is declared as a port for unloading of imported
goods and loading of export goods. DDT has pointed out several times that
Vizag is not declared as a port for unloading of imported goods. But the Government
seems to oblivious to such minor details.<br>
<br>
<a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=24&filename=notification/custom/2005/cnt05_053.htm">NOTIFICATION
NO. 53/2005-Cus, (N.T.), Dated: July 14, 2005<br>
</a><br>
<b><font color="#006633">Commissioners appointed to adjudicate specific cases</font></b><font color="#006633"><br>
</font><br>
Board has appointed certain commissioners to specifically adjudicate certain
cases. <br>
<br>
<a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=24&filename=notification/custom/2005/cnt05_055.htm">NOTIFICATION
NO. 55 - 58/2005-Cus, (N.T.), Dated: July 14, 2005</a><br>
<br>
<font color="#006633"><b>Due date for filing quarterly statement of TDS and
TCS extended</b></font><br>
<br>
CBDT has extended the last date for filing of quarterly statement of tax Deduction
at Source and Tax Collection at Source (whether in computer media or in paper
format) for the quarter ending 30.6.2005 to 31st of August, 2005.<br>
CBDT’s F.No. 385/35/2005-IT(B) Dated : July 14, 2005.<br>
<br>
<font color="#006633"><b>We Double you – it can be Volks Wagen (VW)
or Vashisht Wahan (VW)</b></font><br>
<br>
The Andhra Pradesh Government has egg on its face – whatever dace they
can show. In the oldest con game, somebody just walked off with about 11 Crores
of rupees from the Government. Small contractors will find it difficult to
get 11,000 rupees from the Government. The state government was so enamoured
with the German car maker <b>Volks Wagen</b> that when the car company’s
representative Helmut Schuster asked for a payment of 11 Crores to a fake
company called Vashisht Wahan another VW, the state government simply paid
up. In the meantime Schuster resigned from Volkswagen amidst scandals of bribery
and sex. The major car maker is in trouble with such deep scandals. The company
executives are even accused of flying prostitutes round the world. The AP
government has only been cheated but the cheats were Germans. Will Transparency
International take note? <br>
<br>
</font><font color="#006633" size="2" face="Verdana, Arial, Helvetica, sans-serif"><b>Is
maintenance paid by the tenant to the society, income of the landlord?</b></font>
</p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">You
let out your flat to somebody for some rent. Flats are bad examples of cooperative
living but nevertheless an urban necessity. Now flats have good Samaritans
to look after the maintenance and there are societies and welfare associations
to manage this welfare of the residents. Now these associations are not exactly
charitable organizations; they run on maintenance charges collected from the
residents be they tenants or owners and anyone living in a flat gets reconciled
to this fact- except of course our income tax authorities. <br>
<br>
They raised an objection that maintenance charges paid by the tenant, is income
from house property in the hands of the landlord. Even the very fact, that
the tenant was paying these charges direct to the society and not to the landlord,
did not impress the Income Tax officers. <br>
<br>
And the case reached the Tribunal. The ITAT wondered how the <b>expenditure</b>
of maintenance charges paid to the society can be treated as <b>income</b>.
Obviously there was a basic flaw and the ITAT allowed the appeal of the assessee.
<br>
<br>
The issued involved an amount of about Rs. 80,000/- for the period 1996-97
and after about eight years the Tribunal granted relief to the <b>poor</b>
assessee – <b>Mrs Kokila D Ambani! </b></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Read
this interesting case in </strong></font><font size="1" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=39&filename=legal/itat/2005/2005-TIOL-122-ITAT-MUM.htm">2005-TIOL-122-ITAT-MUM</a></font></p>
<font size="2" face="Verdana, Arial, Helvetica, sans-serif"> <font color="#FF6666"><b>Until
Monday with more DDT<br>
<br>
Have a nice Weekend. <br>
<br>
Mail your comments to</b></font> <a href="vijaywrite@taxindiaonline.com"><b>vijaywrite@taxindiaonline.com
</b></a></font> </div>
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