Contractee can avail of credit for goods purchased by registered contractor on basis of his invoice

Cenvat Credit: Where applicant gas transporter will engage contractor to lay pipelines and contractor will procure pipes and valves from manufacturer who will issue invoice to contractor showing applicant as consignee and pipes will be delivered directly at applicant's work-site, applicant can avail cenvat credit on pipes and valves on basis of invoice issued by contractor, if contractor is a registered dealer

CBDT advises deductors to validate Sec. 197 certificate at TRACES before filing TDS/TCS return

IT/ILT : SECTION 197, READ WITH SECTIONS 195, 206C, OF THE INCOME-TAX ACT, 1961 - DEDUCTION OF TAX AT SOURCE – CERTIFICATE FOR DEDUCTION AT LOWER RATE – ADVISORY FOR DEDUCTORS

No winding-up on non-payment of fee to agent as its failure to timely secure VISA led to cancellatio

CL: Where company had raised a bonafide dispute in respect of debt alleging failure of winding up petitioner, a travel agent, to secure visa for company's Managing Director, no order for winding up could be passed against company

Certificate of appraiser of Customs is valid to take credit for goods imported via authorized courie

EXCISE/NNT : CENVAT CREDIT (SIXTH AMENDMENT) RULES, 2015 – AMENDMENT IN RULE 9

Govt. again hikes excise duty on petrol and diesel by Rs. 0.37 and 2.00 per litre, respectively

OMNIBUS GENERAL EXEMPTION TO GOODS SPECIFIED IN CHAPTERS 1 TO 98 OF TARIFF – AMENDMENT IN NOTIFICATION NO. 12/2012-C.E., DATED 17-3-2012

Sum paid to AE to make good its forex losses can't be treated as management fee

IT/ILT : Payment making good foreign exchanges losses in hands of AE due to unexplained delay in payment could not be considered as payment for management and consultancy services

HC flaks AO for passing rectification order without giving a chance to assessee to file her objectio

IT: Where rectification order was passed in respect of short levy of interest under sections 234A and 234B but she was never given opportunity to file her objections, said order, being in violation of principles of natural justice, was to be set aside