TIOL-DDT 2356 · the untouched capture
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<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font face="Verdana, Arial, Helvetica, sans-serif"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#663399" size="3"><s><strong><font size="2"><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=20079"><img src="http://www.taxindiaonline.com/RC2/image/stories/limca_book2014_1.jpg" alt="DDT in Limca Book of Records - Third Time in a row" width="250" height="123" hspace="5" border="0" align="right"></a></font></strong></font></strong></font></strong></font></strong></font></strong></s></font></strong></font></strong></font><font color="#663399" size="3">TIOL-DDT 2356</font><br>
20.05.2014 </strong><br>
<strong>Tuesday </strong></font></p>
<p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>No more Tax Terrorism - It's Modi-fied Value Added Taxation (MODVAT) </strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> BJP's 2014 Election Manifesto proclaimed, <font color="#FF0000">UPA Government has unleashed 'Tax terrorism' and 'uncertainty', which not only creates anxiety amongst the business class and negatively impacts the investment climate, but also dents the image of the country. BJP realizes the importance of having a Tax Policy Roadmap, so that people are aware of the future and plan accordingly. We will: </font></font></p>
<blockquote>
<p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">++ provide a non adversarial and conducive tax environment </font></p>
<p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">++ <strong>rationalize and simplify the tax regime </strong>(emphasis as in the manifesto) </font></p>
<p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">++ overhaul the dispute resolution mechanisms </font></p>
<p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">++ bring on board all State governments in adopting GST, addressing all their concerns </font></p>
<p align="justify"><font color="#FF0000" size="2" face="Verdana, Arial, Helvetica, sans-serif">++ provide tax incentives for investments in research and development, geared towards indigenization of technology and innovation </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The Manifesto also mentioned that to eliminate the scope for corruption, BJP will simplify and rationalise the tax regime - <em>which is currently repulsive for honest tax payers.</em> </font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">BJP promised to provide to senior citizens financial support, additional tax benefits and higher interest rates. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">In the manufacturing sector, BJP promised to take steps for Interest rate rationalization and have a clear tax policy to remove uncertainty and create investor confidence. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Now that they have come to power, will they remember these promises? Let's hope they do. We will remind the Finance Minister periodically. </font></p>
<p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Ease of Doing Business in India - the CII Report </strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>CII</strong> in association with KPMG released a report on "Ease of Doing Business in India" on 19 May, 2014 (yesterday) at Chennai. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The report identifies key areas for reform, which will enable doing business in India, including setting up of business, land acquisition, taxation and contract enforcement. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">It is based on a survey conducted amongst Indian industry followed with extensive primary and secondary research to assess the prevailing business regulatory environment in the country. Key issues highlighted include lack of an effective land acquisition process, unfavorable taxation regime, high cost of starting a business, complicated and time consuming contract enforcement process. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Highlights on Taxation: </strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Companies believe that the Indian direct tax regime is not conducive to fostering growth; reduction in corporate taxes could provide an impetus to the growth of business </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">India fares poorly on the 'Doing Business 2014' paying taxes indicators - total tax rate, the time to comply and the number of payments. Of the 189 countries studied, India ranks 158 in terms of overall ease in tax payment. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Ninety percent respondents believe that the tax authorities are not proactive in promoting investments. Sixty percent respondents feel that the neutralisation of the tax decision by the Supreme Court through a retrospective amendment is likely to have damaging effect on investment sentiments. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Companies face issues while dealing with tax authorities, settling tax disputes, availing tax incentives and obtaining timely service tax refund: </strong></font></p>
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<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Around 23 of respondents find time taken for clearance and tax disputes resolution to be significant. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ More than half the respondents face delays in obtaining service tax refund. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ There is a need to simplify complex tax processes and reduce the time taken for availing incentives. </font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Taxation - Recommendations </strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Taxation in India needs structural, operational and administrative reforms; the burden of tax compliance should be reduced besides enabling e-filing of all taxes:</strong> </font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Enable e-filing of all taxes with uninterrupted access to online services especially in rural areas </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Time-bound subsidies and tax exemptions should be given to the units located in industrial areas, food parks and agro-export zones. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ The Goods and Services Tax (GST) proposes to subsume all indirect taxes levied in the country but is yet to be implemented. It could help address the shortcomings in the existing indirect tax system like tax cascading complexity and poor technological infrastructure along with high cost of compliance </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Refund of VAT should occur automatically and in a time-bound manner </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Introduce a feedback mechanism to obtain input from taxpayers on the tax regime. </font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Structural reforms - Reduce the number of levies and simplify their nature </strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Structural reform calls for: </font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">- Clarity in policy and precision in drafting to help decrease the number of disputes </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">- Clarity and precision in policy by aligning it to macroeconomic objectives </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">- Stability and predictability to avoid frequent amendments </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">- Emphasis on restricting practice of retrospective amendments. </font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Direct Tax </strong></font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">- Moderation in individual and corporate tax rates to spur domestic demand and investment </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">- Elimination of capital gains tax to boost domestic and foreign investment </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">- Clarify the non-availability of MAT for foreign companies - need for certainty post-AAR rulings </font></p>
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<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Indirect Tax </strong></font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">- GST needs to be implemented urgently to meet the goals of consolidation and simplification while generating more revenues </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">- Move away from the revenue generation aspects of customs - focus on anti-dumping and border security </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">- Facilitate consolidation of multiple taxes at the state and local levels - eliminate 'nuisance' levies </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">- Elimination of 'dual levies' - e.g. software and IPRs </font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Operational Reforms </strong> - Focus on getting the tax base right and ushering in certainty and stability </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Direct Tax </strong></font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Indirect Transfers </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Implement the Shome Committee recommendations; clarifications and legislative amendments are necessary </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Clarification on items such as threshold, group reorganisations, stock market taxation </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Need to eliminate retrospectivity </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Non-applicability of penalty and interest if applied retrospectively </font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Indirect Tax </strong></font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Ease restriction on the availability of Cenvat credits </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Revisit the <em>Fiat India </em> issue - restore the primacy of actual transaction prices </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Equal incentives for the services sector - to bring them at par with manufacturing incentives </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Guidelines on refund processes and timelines </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Greater consistency and accountability in tax administration </font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Administrative Reforms </strong></font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ There is a need for consistency in approach - uniform interpretation and application of the law and judicial pronouncements </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Increase stability in reporting - Avoid frequent changes in the return formatother forms </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Development of a strong IT backbone </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Provide certainty and clarity on clauses. For example, the tax holiday for the IT sector faces issues while implementation due to ambiguity </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ The function of tax administration should be distinct from that of an SBU, any ambiguity could lead to undue arbitrary taxation claims </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ The administration, for taxes, should adopt a concentrated, rather than fragmented approach </font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Maybe a good guide for the new Government. </font></p>
<p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>'Enabling India' - FICCI's agenda for the new government - End Tax Adventurism </strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>FICCI </strong>has suggested certain measures to the new Government to enable India. </font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Broad-based regular communication from PM's level </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Cabinet-led decision making with full authority and accountability </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Roadmap to 8% growth by 2017 and 10%+ by 2020 </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Creation of a Food Inflation Response & Strategy Team (FIRST) under PMO </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Outline National Agenda for Job Creation </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Strong Centre-State linkages, greater decentralization for development </font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Mitigate Food Inflation </strong></font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ De-list horticulture products from APMC Act </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Higher ProductionProductivity measures </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Focus on post-harvest distribution infrastructure </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Enhance Milk production ('White Revolution') </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Enhance Fruit & Vegetables production ('Rainbow Revolution'); use of arid land </font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Revenue Expenditure Management </strong></font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ GST in 2015 </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Revisit Subsidies and Revamp MNREGA (for asset creation) </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Review DTC - inter-alia need for conducive environment for taxpayers </font></p>
</blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Address Tax Environment </strong></font></p>
<blockquote>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ End Tax Adventurism </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Resolve RetrospectiveCapital Raising related tax issues </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Retrospective actions, if at all, must invariably favour the taxpayer </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">++ Rebated Income Tax for small, start-up businesses linked to employment creation</font></p>
</blockquote>
<p align="center"><font color="#006600" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Yet another IRS Legislator </strong></font></p>
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<td><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><img src="http://www.taxindiaonline.com/RC2/image/stories/Isaiah.jpg" alt="" width="164" height="100" hspace="5" border="0" align="left"></font></strong></font></td>
<td><p align="center"></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Y. Isaiah</strong>, a retired Assistant Commissioner of Central Excise has been elected as an MLA from Kurnool District in Andhra Pradesh under the YSRC party defeating his nearest rival by over 20,000 votes. Isaiah retired in the normal course and did not quit his job to enter politics. While the three IRS MPs whom we covered yesterday are on the Ruling Side, Isaiah will be an opposition MLA in the Andhra Pradesh assembly. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">An MLA gets a salary of Rs. 95,000/- plus a lot of perks like free accommodation, travel, telephone, laptop, smartphone, medical facilities, gunmen to follow them wherever they go and …. </font></p></td>
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<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"> - Wednesday's cases</font></strong></font></strong></font></p>
<p align="justify"><strong><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><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></strong></font><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif">Service Tax </font></strong></p>
<p align="justify"><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Appellant, a Proprietary unit was taken over by Pvt. Ltd. company - due to delay in getting name changed in agreement, appellant unable to deposit ST liability - later, appellant depositing same along with interest - as there is no malafide no justification exists for imposition of penalty: CESTAT</strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> appellant, a Proprietary unit was providing services of site formation & Clearance, Excavation & Earthmoving & Demolition services to Ms. Northern Coalfields Ltd. and were discharging their service tax liability. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">With effect from 01.04.2008 the said proprietary unit was taken over by Ms. GSCO Infrastructure Pvt. Ltd. Consequently, the old company applied to Ms. Northern Coalfield Ltd. for change in the name of agreement. As the said request was taking time at the end of Ms. Northern Coalfields Ltd., the appellant intimated their jurisdictional Central Excise Officers indicating that though they have surrendered their old service tax registration and has obtained new service tax registration in the name of Ms. GSCO Infrastructure Pvt. Ltd., they are unable to deposit the service tax liability on account of non-payment of the same by Ms. Northern Coalfield in the name of the new company. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">Before the CESTAT the appellant submitted that it is not a case of any malafide so as to attract the penal provisions. </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"><font color="#FF6633" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Whether provisions of Sec 179 will apply in case where project runs into losses due to earthquake and FIs restructure debt and permit sale of property and creditors being proportionately paid out of such sale proceeds and when payments were made, assessment order was still pending - NO: HC </strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> Assessee is a director of a private limited company. For the assessment year 2010-2011, the said company filed its return which was taken in scrutiny. The Assessing Officer framed assessment and computed the long term capital gain after set off of business loss at Rs.4.14 crores (rounded off). The company filed appeal against the order of the assessment. Such appeal was pending before the CIT(Appeals). The said company also prayed for stay against the recovery of tax demand flowing from the order of assessment. CIT(Appeals) refused to grant stay. No further proceedings were carried by the company against such order of CIT(Appeals). As of now thus there was no stay against recovery of the tax. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The issue before the Bench is - Whether provisions of Sec 179 will apply in a case where project runs into losses due to earthquake and FIs restructure debt and permit sale of property and creditors being proportionately paid out of such sale proceeds and when payments were made, assessment order was still pending. And the HC's answer is NO. </font></p>
<p align="justify"><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>Stock taking at Branch Sales offices from where steel products are sold showed that there was excess sale of certain steel products as compared to quantity received from respective steel plant - Merely from this difference it cannot be presumed that goods were cleared clandestinely by PSU steel companies: CESTAT</strong></font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>THE</strong> appellant is a PSU & has several steel plants. Steel manufactured by different plants is cleared on payment of duty to various stockyards in the country called Branch Sales Offices (BSOs) from where the steel products are sold. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">The dispute in this case is in respect of BSO, <em>Bhilai, District, Durg.</em> The BSO, in question, and all other BSOs have central excise registration as registered dealer and issue cenvatable invoices. In this regard, they maintain an account of receipt and sale of the steel products in RG-23-D register. The stockyards conduct annual stock taking and the quantity of each product received from a particular steel plant and the quantity of that product sold are reconciled. </font></p>
<p align="justify"><font size="2" face="Verdana, Arial, Helvetica, sans-serif">On the basis of records of such stock taking in respect of BSO, Bhilai, the department found that there was excess sale of certain steel products as compared to the quantity of those products received from the respective steel plant. </font></p>
<p align="justify"><font color="#663399" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>See our Columns Tomorrow for the judgements </strong></font></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 align="justify"><font color="#FF6666" size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong>Have a nice day. </strong></font></p>
<p align="justify"><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>
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