Saturday, 26 May 2018

CBIC fixes Rs. 2.5 lakh monetary limit for appeals to Commissioner (Appeals) in legacy matters


CBIC fixes monetary limit of Rs. 2.50 lakh for appeals to Commissioner (Appeals) in respect of legacy central excise and service tax matters; Such limit would also apply to cases currently pending at Appellate Commissioner level, and same practice of withdrawal of Dept. appeals from CESTAT and HC shall be followed : CBIC Instruction 

No comments:

Section 56(2)(ix): Forfeiture of Advance Money Received – A Critical Analysis

The Dual Conditions for Taxability Section 56(2)(ix) of the Income Tax Act imposes tax liability on sums received as advance or otherwise du...