No Penalty u/s 271(1)(c) on assessee for wrong advice of councel- P&H HC

0 comments Sunday, May 15, 2011
Commissioner of Income Tax, Karnal Versus Deepak Kumar

Crux of the Judgment: Bonafide mistake or belief is more or less a question of fact. No litigant should suffer on account of the mistake committed by the councel because the advise tendered by the councel is accepted by the litigant, which is based on bonafide belief of being correct.

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Subsidy not part of sale price for VAT purposes

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State of Punjab & another.Vs.M/s Morinda Cooperative Sugar Mills Ltd.   



Crux of the Judgment: Charging provisions under the Punjab VAT act provides for levy of VAT on turnover. If the assessee had received any further amount in addition to sale proceeds(Subsidy by State in this case), which is not part of the sale price, such amount could not be added to the turnover, consequently no VAT can be levied on the subsidy given by State.

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Procedure of Registration Under The Service Tax

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According to Section 69 ,every person liable to make payment of service tax  or any






Other person notified by the central govt through a  notification is required to get the registration under the service tax act

On Line Registration

On line registration has been mandatory for all kind of assesses w .e.f. 30-09-2009
Vide commissioner of service tax Trade Notice no. 14/ST/2009 dated 17-09-2009
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