Delhi HC suspends demand
notice issued by DGFT officers seeking recovery of sanctioned SFIS benefits
under relevant FTP during the period 2003 to 2014; Demand had been raised
pursuant to Bombay HC ruling in Shri. Naman Hotels wherein it was held that SFIS
benefits cannot be availed by companies rendering services under foreign brand;
Court notes petitioner’s reliance on judgment in Simplex Infrastructure Ltd
which had followed Gujarat HC decision in Alstom India Ltd; Petitioner has
challenged vires of Rule 7(3) of Foreign Trade (Development &
Regulation) Rules, Para 7(10) of FTP, constitution of Policy Interpretation
Committee (PIC) for the period prior to 2012, while pleading that concerned
DGFT officers have no jurisdiction to issue such demand notice in contravention
of Section 16 of Foreign Trade (Development and Regulation) Act; HC issues
notice to Revenue, and lists the matter for hearing on April 9, 2018 :
Delhi HC
Subscribe to:
Post Comments (Atom)
Recent Landmark GST Judgments: A Comprehensive Overview
The Goods and Services Tax (GST) regime continues to evolve through judicial interpretations. From the Supreme Court to various High Court...
-
A new website launched for TDS related matters www.tdscpc.gov.in TRACES – T DS R econciliation A nalysis and C orrection E nabling S yste...
-
In a significant development, the Supreme Court has dismissed the Revenue’s Special Leave Petition (SLP) challenging a Bombay High Court (...
-
Sr No Due Date Related to Compliance to be made 1. 11.06.2026 GST ...
-
The introduction of the Goods and Services Tax Appellate Tribunal (GSTAT) has brought significant changes to the pre-deposit framework for...
-
Selling a property can trigger a significant tax liability in the form of capital gains tax. However, the Income-tax Act, 1961, allows you...
-
With the government making Aadhaar Card ( unique identification card ) mandatory in procuring LPG connections, issuing passports, sale or...
-
This is to update you on procedure prescribed by the Office of the Development Commissioner, Karnataka Sub Zone (the “Office”) to be foll...
-
Introduction Employee welfare is a cornerstone of corporate responsibility, and gratuity forms a critical part of the social security benefi...
-
MARRIAGE EXPENSES - POWERS OF I.T. AUTHORITIES In the recent past the Income Tax Department has been concentrating on collecting informat...
-
The provision of a corporate guarantee, where one company pledges to cover the financial obligations of another (often a subsidiary or affil...
No comments:
Post a Comment