From our Legal Corner

By Vijay Kumar

Legal Corner Icon — the image was hosted by the publisher and was not captured.Outward transport – Jinxed

In the mother of all these cases – NHK, the Commissioner (Appeals) has allowed credit of service tax paid on outward freight. In appeal, CESTAT has disallowed the credit and now comes one more order, this time from the president in the NHK appeal, that credit cannot be allowed. Heated legal battles are ahead in higher courts.

See our columns tomorrow for the judgment

Section 80 IA Vs. 80 HHC

ITAT special bench has held that relief under Section 80 IA has to be deducted from profits before computing relief under Section 80 HHC.

See our columns tomorrow for details