SC
upholds Single Judge bench view of HC, provisions of Standards of Weights and
Measures Act, 1976 (SWM Act, 1976), Standards of Weights and Measures
(Enforcement) Act, 1985 (SWM Act, 1985) and Legal Metrology Act, 2009
(LMA, 2009) inapplicable to 'mineral water' sale in hotels and restaurants at
prices above MRP; Notes HC’s Division Bench observation that Single Judge Bench
judgment to the effect that charging prices in excess of printed MRP does not
violate provisions of SWM Act, shall not be enforceable in respect of
provisions of LMA, 2009 and same needs to be adjudicated in de-novo proceedings
under the new Act; Elucidates that, object of LMA, 2009 is only to do away with
1976 and 1985 Acts and combine provisions into one enactment to make the law
simple and bring in transparency, moreover, despite changes made by
46thConstitutional amendment introducing Article 366(29A), position qua ‘sale’
in LMA 2009 / Rules remains exactly the same; Remarks, definition of “sale”
contained in both Acts demonstrates that composite indivisible agreements for
supply of services and food and drinks would not come within the purview of
either enactment since the object is something quite different; SC also rejects
Revenue’s reliance on definition of ‘institutional consumer’ contained in Rules
and contention that hotels would be under the coverage of LMA, 2009 : SC
Subscribe to:
Post Comments (Atom)
P&H HC holds exporter eligible for refund of interest paid under Rule 96A on subsequent realisation of export proceeds
This Tax Alert summarizes a recent ruling of the Punjab & Haryana High Court (HC) 1 on the validity of paragraph 4.6 of Circular No. ...
-
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...
-
Slump sale is transfer of one or more business undertakings for a lump sum consideration, without assigning individual values to the each...
-
Facts Centrica India Offshore Private Limited (CIO), an Indian Company, is a wholly owned subsidiary of Centrica Plc, UK Centrica Plc a...
-
The Tax Audit season has started and it’s the time when the Assessees rush to their Chartered Accountants (CA) to get their Tax Audit d...
-
SREI Infrastructure Finance Ltd vs. ITSC (Delhi High Court) The assessee entered into a scheme of arrangement u/s 391-394 of the Compani...
-
Facts The taxpayer, a partnership firm, derived income from the business of handling and transport of ship containers, customs clearing a...
-
M/s. Alpha Projects Society P. Ltd vs. DCIT (ITAT Ahmedabad) In AY 2005-06, the assessee made payments to contractors & for professi...
-
E very non-resident individual or organisation should obtain a Permanent Account Number (PAN) number if they receive an income and...
-
01. TDS u/s 194J is required to be done for Royalty also w.e.f 13-7-2006. 02. Royalty had been defined under explanation 2 of se...
-
F.No.354/66/2011-TRU Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs...
No comments:
Post a Comment