Sir,
A assessee has purchased goods from parties. The AO asked to produce the parties for verification. The parties not appearing before AO. The AO on the basis of some information claims that these parties are bogus parties and have only supplied bills and not actually deliered goods to the Assessee. This information is based on the basis of statment obtained in a search cases wherein the that person has stated that he has taken bills only and not goods and supplied list of these parties. In this list few name of parties are same from whom the assesee has also purchased goods. But there is no denial of our parties that they have not supplied goods to our assessee. The confirmation statement, PAN and TIN of our parties submitted.
Is any High Court decision in this regared, that the assessee is not under compulsion to produce the parties and what ever could be posssible at the assessee hand has been done, now it is for the Department to prove with positive evidence that these parties are bogus and have not supplied goods to our assessee. What action should be taken by the assessee in this matter.

R K Dhandia

Please suggest answer to this query. My query is that how can a dealer dealing in goods claim set off for purchase of 'Motorcar' with reference to Rule 54 of MVAT ACT? Can anyone claim set off in respect of purchase of motorcar in rule 54 & how?

We are manufacturer of Pharmaceuticals Product. We are doing Stock transfer to Consignment Agent. We are paying commission on sale and service tax through credit note to Consignment Agent and then Consignment agent paid service tax through GAR-7 (TR6). In this case we avail the service tax credit. If this practise is not correct. please brief us for correct practise.

Dear sir ,

I am not getting the details for the last of return filing is 29th Feb08.If some one file this return by this time will not have to pay interest u/s 234A or last date for vaild return for 2007-08 reschedule to 29th Feb instead of 31/03/08 .

Jayanta Chowdhury

SUPPOSING THE PRINCIPAL HAD PREVIOUSLY VERBALLY AGREED TO GRANT TRANSFER TO AN ARTICLED ASSISTANT AND AFTER THE NEW EMPLOYER HAS ACCEPTED THE ARTICLED ASSISTANT'S APPLICATION, THE PREVIOUS EMPLOYER DOES NOT GIVE HIS CONSENT TO THE ARTICLED ASSISTANT LEAVING HIS FIRM.
MY QUESTION IS -CANNOT THE ARTICLED ASSISTANT LEAVE THE FIRM AT HIS OWN WILL? OR THE PRINCIPAL CAN FORCEFULLY EXTRACT WORK FROM THE ARTICLED ASSISTANT WHEN HE/SHE DESPERATELY WANTS TO LEAVE THE FIRM AND JOIN A BIGGER FIRM FOR OBVIOUS REASONS.
PLEASE REPLY TO THE SAME AT THE EARLIEST.AND ALSO INFORM ABOUT THE RIGHTS OF THE ARTICLED ASSISTANT IF HIS PREVIOUS EMPLOYER WANTS TO COMPLAIN TO THE INSTITUE BY RAISING FALSS ISSUES.
TAHNKS IN ADVANCE.

Dear Sir

we are geting work done from the contractors who manufacture our product from the basic material to End product at our premises They charge only for labour charges From April 2007 to till date he work done of Rs 10 Lac or it may be more in coming days .we deduct TDS from contractors at the rate 2.266%
We want to know whether service tax is applicable or not on the contractor
Thanks in advance

Rajesh Bajaj

Dear All,


I require a clarification regarding the implication of service tax on Karnataka VAT in the following situation:

1. In case of Works contract Whether service tax collected on labour charges is to be reduced for computing KVAT?

2. Whereas Rule 3 (l) and (m) is silent regarding this issue.

Kindly clarify with some reference, if any.

A Assessee has disallowance under section 40a(ia) of the income tax and Rs. 50lacs has been added to the income and demand notice has been issued.how can I take relief from the above? is there any judicial pronouncements providing shelter from this section.Please mention

Hello Professional Colleages

One of my client who runs hospital under charitable trust also recognise by MCI as well state university for medical courses such MD, MS, DGO, Mch i.e. post graduate medical courses.
Those who qualified MBBS and wants to become specliasied doctors then to get admission in Post Graduate Courses and then hospital pay them Stipend fixed by STate Government which comes averagely rs. 8000 to 15000 pm so this amount is taxable in the hands of resident doctors if yes then what liability of trust arises and how to resolve it.
pl. send your comments at the earliest on my email.
thanks

ca ramesh k m

MY WIFE WOULD LIKE TO BUY A NEW CAR ON BUY BACK SYSTEM (9 LAKHS-1 LAKH FOR OLD CAR) ON FULL PAYMENT BASIS WITHOUT AVAILAING VEHICLE LOAN. WE HAVE AN ACCUMULATED BALANCE OF 4 LAKS, BALANCE 4 LAKHS ARE TAKING LOAN FROM HER SISTER THROUGH BANK A/C. IS THERE ANY CHANCE OF IT SCRUTINY. BOTH THE AMOUNTS ARE ACCUMULATED BALANCE LYING IN BANK ACCOUNTS.WHETHER WE HAVE TO KEEP ANY RECORDS FOR LOAN TO BE TAKEN FROM SISTER