TIOL-DDT 1922 · the untouched capture
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<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif"></font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif"><a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=14276"><img src="http://www.taxindiaonline.com/RC2/image/ddt/ddt_1794.jpg" alt="DDT in Limca Book of Records" width="175" height="120" hspace="5" border="0" align="right"></a></font></strong></font></strong></font></strong></font></strong></font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#663399" size="3">TIOL-DDT 1922</font><br>
16.08.2012<br>
Thursday</strong></font></p>
<p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Customs - Tariff Value of Brass, Poppy Seeds, Gold and Silver </strong></font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>GOVERNMENT</strong> has changed the Tariff Values as follows. </font></p>
<table width="90%" border="1" align="center" cellpadding="3" cellspacing="0">
<tr bgcolor="#9CB946">
<td valign="top"><p><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Description of the goods </strong></font></p></td>
<td valign="top"><p><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Tariff Value </strong></font></p></td>
</tr>
<tr>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">RBD Palmolein </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1022 USD per MT </font></p></td>
</tr>
<tr>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Brass Scrap (all grades) </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4064 USD per MT </font></p></td>
</tr>
<tr>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Poppy Seeds </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">5613 USD per MT </font></p></td>
</tr>
<tr>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Gold, in any form, in respect of which the benefit of entries at serial number 321 and 323 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">527 USD per 10 grams </font></p></td>
</tr>
<tr>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Silver, in any form, in respect of which the benefit of entries at serial number 322 and 324 of the Notification No. 12/2012-Customs dated 17.03.2012 is availed </font></p></td>
<td valign="top"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">913 USD per kilogram </font></p></td>
</tr>
</table>
<p><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=24&filename=notification/custom/2012/cnt12_074.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification No. 74/2012-Cus.,(N. T.), Dated: August 14, 2012 </font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">FTP - Areca Nuts - Minimum Import Price Increased</font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>GOVERNMENT</strong> has increased the Minimum Import Price of Areca Nuts from Rs. 35/- to Rs. 75/- per Kilogram.</font></p>
<p><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=45&filename=notification/dgft/2012/dgft12not010.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Notification No. 10 (RE - 2012)/2009-2014, Dated: August 14, 2012 </font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Is the AAR subordinate to High Court? </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>IS</strong> the Authority for Advance Rulings subordinate to the High Court? </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">In an order delivered on 30 July 2012 - </font><font size="1" face="Verdana, Arial, Helvetica, sans-serif"><strong><a href="http://www.taxindiainternational.com/case_lawDesc.php?qwer43fcxzt=Mjc3Nw==" target="_blank">2012-TII-04-SC-LB-INTL</a></strong>,</font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> the
Supreme Court observed, "<em>Under Article 226 of the Constitution, the High Court can issue writs of Certiorari and Prohibition to control the proceedings of not only a subordinate court but also of any person, body or authority having the duty to act judicially, such as a tribunal. Under Article 227 of the Constitution, the High Court has superintendence over all courts and tribunals throughout the territory in relation to which it exercises jurisdiction. Under Article 136 of the Constitution, this Court may, in its discretion, grant special leave to appeal from any judgment, decree, determination, sentence or order in any cause or matter passed or made by any court or tribunal in the territory of India. Hence, we have to decide whether the Authority, if not a court, is a tribunal within the meaning of expression in Articles 136 and 227 of the Constitution and whether the Authority has a duty to act judicially and is amenable to writs of Certiorari and Prohibition under Article 226 of the Constitution</em>". </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Supreme Court answered the above doubt as, "<em>We have, therefore, no doubt in our mind that the Authority is a body exercising judicial power conferred on it by Chapter XIX-B of the Act <strong>and is a tribunal within the meaning of the expression in Articles 136 and 227 of the Constitution</strong></em>".</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The <strong>AAR</strong> in an order delivered just a day before Independence Day, declared its independence and the Chairman of the AAR Justice Balasubramanyan observed, </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">"<em>This Authority is bound only by the decisions of the Supreme Court. The decisions of High Courts have only persuasive value. This Authority is not subordinate to any High Court for even Article 227 of the Constitution to apply. Left to myself, I have grave doubts whether the jurisdiction under Article 226 will itself be attracted</em>". </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Perhaps the Hon'ble Chairman of AAR was not aware of the decision of the Supreme Court delivered just a fortnight ago. </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Please see</strong> <strong><a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=15561" target="_blank">DDT 1913 - 01.08.2012</a> </strong></font></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Service Tax Valuation - Rule 2A/2C - What is Gross amount and what is Total amount? </font></strong></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>IN <a href="http://www.taxindiaonline.com/RC2/inside2.php3?filename=bnews_detail.php3&newsid=15635" target="_blank">DDT 1920 - 13.08.2012</a></strong>, we raised a question about the<font color="#FF0000"><strong> Gross Amount </strong></font>and <font color="#FF0000"><strong>Total Amount</strong></font> in Service Tax Valuation. We sent the query to four experts in the field and this is what we got. </font></p>
<blockquote>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Expert 1:</strong> There are two phrases used:</font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1. Gross amount</font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2. Total amount. </font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Abatement is on the Total amount and as per the explanation,"total amount" means the sum total of the "gross amount" charged and something. This something is the fair market value of all goods and services supplied under the same contract or under a separate contract. To understand the "deduction" allowed under the explanation, imagine an outdoor caterer charging some <strong>gross amount</strong> for the catering service including food. In addition, he asks someone else to supply ice creams under the same contract or under a different contract. The outdoor caterer pays Re 1 per cup towards the service charges to the ice cream supplier in addition to the cost-to-cost reimbursement for ice cream. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Now, as per the explanation, </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The <strong>total amount</strong> for abatement is the <strong>gross amount</strong> plus the <strong>cost of ice creams supplied</strong>, after deducting Re 1 (amount charged for supply of ice creams - this we need to deduct because this will be included in the total amount charged by the outdoor caterer from the client) </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Expert 2:</strong> Please see para 8.2.5 of education guide.xxxxxx Thus, by this proposition, the department seeks to overcome the undervaluation of goods and services, if any, on the same supplied by the service receiver to the service provider for providing the service. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">To put it more illustratively, say if a service receiver provides cement to the service provider for a construction service and say the actual value of the cement is say 100 but the service receiver chooses to sell it to the service provider for 50, thereby undervaluing the cement for consequent undervaluation of the same in the construction service. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Now, by this ingenious proposition, Dept. would evaluate 100 for such cement at the hands of the service provider (being fair price) and shall deduct 50 from the same as the same is invoiced by the service receiver, which would have otherwise formed part of the value at the hands of the service provider! </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Expert 3: </strong>The purpose of the Explanation could be to plug instances where the actual amount charged is less than the fair market value of the goods and services. In other words, if the fair market value of goods and services is less than the price at which these are charged, service tax would get levied on a higher value…. </font></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">I've tried to analyse this, as under…. </font></p>
<table width="90%" border="1" align="center" cellpadding="3" cellspacing="0">
<tr>
<td valign="bottom"> </td>
<td valign="bottom"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Case-1 </font></strong></p></td>
<td valign="bottom"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Case-2 </font></strong></p></td>
<td valign="bottom"><p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Case-3 </font></strong></p></td>
</tr>
<tr>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amount charged per meal (a) </font></p></td>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">500 </font></p></td>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">500 </font></p></td>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">500 </font></p></td>
</tr>
<tr>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">VAT charged (b) </font></p></td>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">50 </font></p></td>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">50 </font></p></td>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">50 </font></p></td>
</tr>
<tr>
</tr>
<tr>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Fair market value of goods supplied (c ) </font></p></td>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">300 </font></p></td>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">300 </font></p></td>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">300 </font></p></td>
</tr>
<tr>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Fair market value of services supplied (d) </font></p></td>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">100 </font></p></td>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">200 </font></p></td>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">300 </font></p></td>
</tr>
<tr>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Profit/Loss </font></p></td>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">100 </font></p></td>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">0 </font></p></td>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">-100 </font></p></td>
</tr>
<tr>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Gross amount charged (a+b) </font></p></td>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">550 </font></p></td>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">550 </font></p></td>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">550 </font></p></td>
</tr>
<tr>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">FMV of goods and services (c+d) </font></p></td>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">400 </font></p></td>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">500 </font></p></td>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">600 </font></p></td>
</tr>
<tr>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Amount charged for goods and services </font></p></td>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">400 </font></p></td>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">500 </font></p></td>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">500 </font></p></td>
</tr>
<tr>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Total amount </font></p></td>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">500 </font></p></td>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">500 </font></p></td>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">600 </font></p></td>
</tr>
<tr>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Service portion @ 40% </font></p></td>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">200 </font></p></td>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">200 </font></p></td>
<td valign="bottom"><p><font size="2" face="Verdana, Arial, Helvetica, sans-serif">240 </font></p></td>
</tr>
</table>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">I would wonder as to how the hotelier / service provider can implement the valuation methodology prescribed by Rule 2A. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Interesting question would be..how to determine the fair market value of the services. Is this by a comparison between similar hotels, etc. which could be very complex. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Expert 4</strong>: I think the formula is not wrong. The logic behind the working, as I understand, is this - The formula seeks to arrive at the value of the service portion by prescribing an abatement from the "TOTAL AMOUNT" and which amount is calculated as mentioned in the Explanation by taking the SUM TOTAL of - </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">+ the gross amount charged by the service provider ; </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">+ fair market value of goods and services. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">One may think that this would double the value and rightly so because the formula wants to take the average of the amount being charged by the service provider from his client and the value that is normally charged in the market. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">However, instead of dividing this amount by the factor of ‘2', the same is presumably incorporated in the abatement factor. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">I remember doing the titration experiments in chemistry where we used to find the exact amount of acid needed to neutralize an alkali using the phenolphthalein indicator. We repeat the experiment a couple of times and then take the mean reading. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">A somewhat similar attempt is made in this formula to arrive at the closest ‘value of service'. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">And obviously because the fair market value would be inclusive of the VAT/ST, the same is instructed to be deducted. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">I presume we have a mathematician in the TRU churning out these formulae. </font></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Service Tax Valuation - Rule 2A - Where is this Explanation? Can TRU help? </font></strong></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>PARA</strong> 8.2.2 of the Education Guide released by CBEC states, </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Important - <em>As per the <strong>Explanation (II) to clause (ii) of rule 2A </strong>of the said Rules ‘total amount' referred to in the second column of the table above would be the sum total of gross amount charged for the works contract and the fair market value of all goods and services supplied in or in relation to the execution of works contract, under the same contract or any other contract, less (i) the amount charged for such goods or services provided by the service receiver; and(ii) the value added tax or sales tax, if any, levied to the extent they form part of the gross amount or the total amount, as the case may be. </em></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Will TRU do some research and find out where this <em><strong>Explanation (II) to clause (ii) of rule 2A</strong></em> exists. DDT could not find it. Will TRU help? </font></p>
<p align="center"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#006600">Jurispruden</font><font color="#FF6633" size="5">tiol</font><font color="#006600"> – Friday's cases</font></strong></font></strong></font></p>
<p><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"><strong><font color="#663399">Customs </font></strong></font></p>
<p align="justify"><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Department agrees to pay refund consequent to appellate order, but later files review petition - Refund ordered with Interest and cost imposed on officers: HC</font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> Customs Department agreed before the High Court to refund the excess fine and penalty, but the Department without refunding the amount filed a review petition before the High Court and ended up paying refund with interest and costs imposed on the responsible officers. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">When an appellate authority allows an appeal filed against imposition of tax, duty, fine, penalty etc., it is the bounden duty of the assessing authority, as part of a democratic government, to refund the amounts covered by orders of the appellate authority, when appeals are allowed fully or partially. The same shall be refunded even without a formal request for the same. Certainly, on a request made for refund, the same shall be refunded immediately, failing which the assessing authority is bound to pay interest on the amount from the date when the refund became due. This position has been formally accepted by the Government of India also based on the decisions of the High Courts and the Supreme Court. </font></p>
<p align="justify"><strong><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif">Income Tax </font></strong></p>
<p align="justify"><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Whether when tax-exempt bonds were not available during entire period of six months after accrual of long-term capital gains, assessee cannot claim Sec 54EC benefits on investments made later in REC bonds - No, it can: HC </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> assessee filed its return of income claiming deduction u/s 54EC of the Act. On 22/3/2006, the assessee sold its factory building earning a long term capital gain of Rs.49.36lacs. The assessee sought to avail of the exemption from payment of tax on long term capital gain of Rs.43.36lacs u/s 54EC of the said Act by purchasing bonds of the Rural Electrification Corporation Limited ("REC Bonds"). To avail the exemption u/s 54EC, the assessee had to invest the sale proceeds in the REC bonds within six months from the date of the sale of the factory building i.e. on or before 21/9/2006. However, the assessee purchased the REC bonds only on 31/1/2007, since the bonds were not available throughout the period of six months commencing from the date of the sale of the factory by the respondents and even thereafter till the extended date of 31/12/2006 under the CBDT Circular (however, the bonds were available for a limited time during this period between 1/7/2006 to 31/8/2008). The AO disallowed the benefit of Section 54EC to the assessee on the ground that the bonds were purchased after the expiry of stipulated time period of six months. </font></p>
<p align="justify"><strong><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif">Central Excise </font></strong></p>
<p align="justify"><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Undervaluation - Assessee clearing job worked goods on challan cum-invoices and which were duty paying documents submitted along with RT-12 returns - allegation of suppression not sustainable: HC</font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>IT </strong>could not have been inferred that there was any suppression and/ or intention on part of the respondent-assessee to evade duty. The findings and the conclusions arrived at by the Tribunal are based on relevant materials and documents on record. The findings are in the realm of appreciation. No perversity is demonstrated. No substantial question of law arises for the consideration of this Court. </font></p>
<p><strong><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif">See our columns Tomorrow for the judgements</font></strong></p>
<p><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif">Until Tomorrow with more <strong>DDT</strong></font></p>
<p><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif">Have a Nice Day</font></p>
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