TIOL-DDT 2065 · the untouched capture
Rendered as it looked. Links and images are disabled in this view; the file itself is untouched.
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN"
"http://www.w3.org/TR/html4/loose.dtd">
<html>
<head>
<title>Untitled Document</title>
<meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1">
</head>
<body>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><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=17063"><img src="http://www.taxindiaonline.com/RC2/image/stories/limca_book2013.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><font color="#663399" size="3">TIOL-DDT 2065</font><br>
14.03.2013 <br>
Thursday </strong></font></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Posting Policy for Income-tax Overseas Units </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>1.1 Criteria for Selection</strong></font></p>
<p align="justify"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Eligibility criteria: </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">To be eligible to apply for ITOUs the officer must satisfy the following eligibility criteria: </font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1. He must belong to Indian Revenue service (IT); </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2. He must be cleared from vigilance angle; </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3. At the time of application, he should not be debarred by DoPT for foreign training/deputation abroad. After the expiry of period of debarment, the officer shall be eligible to apply; </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">4. He should belong to such batches of IRS (IT) and have sufficient service as the Evaluation Committee may decide with respect to specific income tax overseas unit, keeping, in mind the seniority of the officers of Indian Foreign service at the mission in which such income tax overseas unit is located; </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">5. He shall have at least one year work experience in Foreign Tax & Tax Research Division of CBDT or at least two years work experience in the Directorate of international Taxation/transfer pricing of the income tax Department. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">6. His APARs for the last five years should be either "outstanding" or "very good" </font></p>
</blockquote>
<p align="justify"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(b) Selection criteria: </font></strong></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1. Each applicant who fulfils the eligibility criteria shall be evaluated by the Evaluation committee on the maximum marks of 50. The Candidates shortlisted by the Evaluation committee will be interviewed by the interviewing committee on the maximum marks of 10. The final selection shall be based on the total marks out of 60. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2. The Evaluation Committee shall award 25 marks on the basis of APARs of the last 5 years (Maximum 5 marks for each year.) For years where APAR does not contain numerical grading, 5 marks shall be awarded to “outstanding " and 4 marks for“very good". For years where APARs contain numerical grading, the numerical grading (out of 10) shall be divided by two to arrive at the marks for each year. If during this period of five years, APAR is not written by the reporting officer (under which the applicant has worked for more than 3 months in a year) or where there is NRC for any, year, the APAR for the year immediately prior to five years may be considered.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">3. The Evaluation committee shall award remaining 25 marks on the basis of relevant experience for five years of his career chosen by the applicant (5 marks for each year). The relevant experience will be as under: </font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">- Work experience in FT&TR division of CBDT </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">- Work experience in the directorate of international Taxation/transfer pricing of the income tax department. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">- Study/ research in the area of international taxation and transfer pricing. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">- Work experience of foreign deputation relevant to international taxation in some international organization or in another country. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">- Work experience in investigation division/central circle of the income tax international organization or in another country. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">- Work experience of deputation to Enforcement Directorate/FlU of department of Revenue. </font></p>
</blockquote>
</blockquote>
<p align="justify"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">1.2 Procedure of Selection: </font></strong></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(i) The application for the vacant posts shall be invited by the JS(FT&TR-1) </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(ii) The applicant shall apply to JS(FT&TR-1) through proper channel in the prescribed preformed along with an advance copy. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(iii) The Evaluation Committee shall consist of JS(FT&TR-1), DGIT (Intl. Tax) and DG (HRD). Director (FT&TR-1) shall be the secretariat to the Evaluation Committee. The Evaluation Committee shall call for the APARs and vigilance clearance of all the applicants. The Evaluation Committee shall award the marks and shortlist candidates on the basis of marks so awarded, All candidates who secure minimum of 30 marks out of 50 shall be shortlisted for interview. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(iv) In case sufficient numbers of applicants are not eligible for short listing, the legibility criteria at serial no (v)(relating to minimum work experience in FT&TR Division or International taxation/transfer pricing directorate) may be relaxed with the approval of the Finance Minister. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(v) JS(FT&TR-1) shall send the list of shortlisted candidates alongwith the chart showing marks obtained by them as well as minutes of the proceeding of Evaluation Committee to all the members of Interviewing Committee. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(vi) The Interviewing Committee shall consist of Chairman, CBDT, Member (P&V),Member (Inv.), JS(FT&TR-1) and JS(FT&TR-II). JS(FT&TR-1) will also be the secretary to Interviewing Committee. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(vii) The Interviewing Committee shall interview the shortlisted candidates and award the marks out of 10 to arrive at the final marks of each candidate. On the basis of these marks, a panel of names would be recommended for each ITOU by the Interviewing Committee for the approval of the Finance Minister. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">(viii) After obtaining the approval of the Finance Minister, the panel shall be forwarded to MEA for the concurrence followed by reference to ACC for final approval.</font></p>
</blockquote>
<p align="justify"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=70&filename=pitara/policy/CBDT_ITOUs.htm" target="_blank"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">CBDT HRD Directorate F. No.HRD/CM/152/1/2012-13/3964 Dated, March 13 2013 </font></strong></a></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Income Tax - Rs. 3,859 crore Default on Self Assessment Tax - Pay Up by 31st March - ITD </font></strong></p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>CBDT</strong> in a Press Release states, </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Income-tax Act requires that the tax payable on the returned income after taking into account, prepaid taxes, should be paid before furnishing the return. An analysis of returns filed electronically in the current Financial Year (2012-13) reveals that nearly 73,388 taxpayers have defaulted on such payments aggregating to Rs. 3,859 crore. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Income-tax Department urges all taxpayers who have filed their returns in the current financial year and have defaulted on payment of self-assessment tax of any amount, to immediately come forward and pay the due taxes before 31st March 2013. Further, any taxpayer who files his return in the future, and on self-assessment indicates a certain amount of tax payable, should pay such tax while filing the return. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Filing a return without paying the admitted amount of tax that is payable will render such taxpayer an ‘assessee in default' under the provisions of the Income-tax Act. Such taxpayers who default in payment of self-assessment tax may invite penal consequences. </font></p>
<p align="center"><strong><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Against first respondent no relief has been sought and second respondent is shown as “Others” - since “others” has not been specified, Revenue appeal is not maintainable</font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>YESTERDAY</strong>, we reported the case <em><strong><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=28&filename=legal/cestat/2013/2013-TIOL-433-CESTAT-MUM.htm" target="_blank"><font size="1">2013-TIOL-433-CESTAT-MUM</font></a></strong></em> with the following headnote - </font></p>
<p align="justify"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">"</font><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Penalty - In Customs Act nowhere is it mentioned that arranging for loan or giving the amount on lease for payment of duty of imported goods constitute an offence for imposition of penalty under Section 112(a)/(b) of the Customs Act - In the absence of any concrete evidence, it cannot be said the car is old and used - benefit of Notification No. 21/2002-Cus is available to the appellants - value of the car imported from UK cannot be relied upon for arriving at the AV of the car imported from South Africa - Appeals allowed with consequential relief: CESTAT"</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The above was an order passed by the CESTAT on 30/10/2012 in the matter of appeals filed by the appellants <em>Inderpal Singh Gujral and Jang Bahadur Singh Gujral</em>.</font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Incidentally, against the same Order-in-Appeal that was appealed against by the aforementioned appellants, the Commissioner of Customs (Import), Nhava Sheva had also filed an appeal in the year 2011 itself. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">This fact was, obviously, not brought to the notice of the Bench when the appeal filed by the appellants was heard. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Be that as it may, the appeal filed by the Revenue came up before the Bench recently and this is what the CESTAT held - </font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><em><font color="#FF0000">“Revenue is in appeal against the respondents namely Shri Jang Bahadur Singh Gujral and Others. </font></em></font></p>
<p align="justify"><font color="#FF0000"><em><font size="2" face="Verdana, Arial, Helvetica, sans-serif">2.From the impugned order we find that ShriInderpal Singh Gujral and Shri Jang Bahadur Singh Gujral were aggrieved parties and preferred appeals before this Tribunal vide appeals no. C/734 and 778/2011. Both ShriInderpal Singh Gujral and Shri Jang Bahadur Singh Gujral have succeeded in their appeals vide Order no. A/863-864/12/CSTB/C-I dated 30.10.2012. In this appeal the Revenue has made Shri Jang Bahadur Singh Gujral as one of the Respondent against whom no relief has been sought and the appeal has been titled as Shri Jang Bahadur Singh Gujral and Others but the name of “Others” has not been specified. In these circumstances, the appeal before this Tribunal is not maintainable and the same is dismissed.” </font></em></font></p>
</blockquote>
<p><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif">See <font size="1"><a href="http://www.taxindiaonline.com/RC2/subCatDesc.php3?subCatDisp_Id=28&filename=legal/cestat/2013/2013-TIOL-442-CESTAT-MUM%20.htm" target="_blank">2013-TIOL-442 -CESTAT-MUM </a></font></font></strong></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><strong><font color="#663399" 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">Central Excise</font></strong></p>
<p align="justify"><strong><font color="#FF6600" size="2" face="Verdana, Arial, Helvetica, sans-serif">Valuation - Appellant is purchasing raw material from market for manufacture of packaged drinking water and same is cleared to M/s. ABCTC. u/s 4A of the CEA, 1944 who further sell to their customers - ABCTC is not an institutional consumer so as to necessitate valuation u/s 4 of CEA,- Pre-deposit waived and stay granted: CESTAT </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>TO</strong> garner more Revenue and avoid valuation issues prevalent u/s 4, Section 4A of the CEA, 1944 was inserted in the statute w.e.f 14.05.1997 and which provides for valuing the notified excisable goods on the basis of the Retail sale price. Unfortunately, the departmental officers without understanding this ideology have time and again sought to value the notified excisable goods in terms of section 4 of the CEA, 1944 when the assessee values it u/s 4A and failed miserably…but for the sheer thrill or otherwise they continue on their mission! </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 parties are inter-related in land transaction, forfeited sums form part of sale consideration for purpose of computing capital gains - YES: ITAT </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>ASSESSEE</strong>, a company had filed its ROI showing a loss of Rs.34,44,373. Later, the AO reopened the assessment on the basis that certain capital gains have escaped assessment. The assessee filed a revised return in response. The AO noted that in its balance sheet, under the head "Current Liabilities", the assessee had shown receipt of an amount of Rs.15,76,26,000/- as advance against 'sale of property'. AO observed that, it was clear that the entire amount including the advances paid by the original developers of the same group, was nothing but the sale consideration for the said land. The AO further noted that the claim of the assessee, that possession of the said land was not given up to 28.02.2008, was not correct. He mentioned that having received full sale consideration, the irrevocable POA assumed the character of regular sale deed. It was further noted that the purchaser had taken the possession of the property immediately and started construction of a multi-storeyed building thereon. With these observations, AO held that there was a clear transfer of the said property within the meaning of sec 2(47). </font></p>
<p align="justify"><strong><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif">Service Tax </font></strong></p>
<p align="justify"><strong><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif">Scientific and Technical Consultancy Service - Two units jointly providing service to overseas client under joint agreement - Amount for rendering service is routed through one unit to another unit - Demand of service tax on amount received by appellant unit from another unit by treating them as sub-contractor - Prima facie case has been made out for waiver of pre-deposit as service provided by appellant has to be treated as export of service: CESTAT. </font></strong></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>SINCE </strong>the service of scientific and technical consultancy covered by Section 65(105) (za) is service in relation to business and is covered by a Rule 3(1)(iii) of the Export of Service Rules and the same prima facie has been received by the overseas clients for the use in their business, the payment for which has been received in foreign currency, the service provided by the appellant has to be treated as an export of service and hence, in terms of Rule 4 of the Export of Service Rules, no service tax would be chargeable. Thus, prima facie, the impugned order does not appear to be sustainable and as such, the appellant have prima facie case in their favour. The requirement of pre-deposit of service tax demand, interest thereon and penalty is, therefore, waived for hearing of the appeal and recovery thereof is stayed till the disposal of the appeal. </font></p>
<p align="justify"><strong><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif">See our Columns Tomorrow for the judgements </font></strong></p>
<p align="justify"><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>
<p><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif">Mail your comments to</font><font size="2" face="Verdana, Arial, Helvetica, sans-serif"> <a href="mailto:vijaywrite@taxindiaonline.com"><strong>vijaywrite@taxindiaonline.com </strong></a></font></p>
</body>
</html>