Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ACCOUNTING STANDARDS :: cpt :: VAT RATES :: empanelment :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: VAT Audit :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: due date for vat payment :: TDS :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4%
 
 
« News Headlines »
 GST Council fails to break deadlock over indirect tax regime, next meet on Dec 11 and 12 to hammer out differences
 Invoking Writ Jurisdiction For Income Tax Matters
 How to file income-tax returns online
 How Income Tax Returns Are Scrutinised
 All About New Income Disclosure Scheme to make Demonetisation successful
 Your deposit may draw income tax notice
 Accepting payment under IDS 2016
 New disclosure scheme could see 50% tax and 4-year limit on cash use for unaccounted deposits
 Pay 50% tax on unaccounted deposits, or 85% if caught, says Modi government
 Deadline to pay property tax in old currency extended
 Cabinet clears amendments to Income Tax Act

Assets of co-ops could not be attached by PF dept for dues
December, 28th 2007
The Employees Provident Fund Organisation was not bound by any commitment between the State Government and a co-operative for making good the arrears of PF contribution by employees, the Madurai Bench of the Madras High Court has ruled.

Any assistance promised by the Government to co-operatives as arrears available so as to fall under Section 8(f)(2) of Employees PF & Miscellaneous Provisions Act could not be considered, the court has held.

Hearing a writ petition from Puduppatti Primary Agricultural Co-operative Bank, Ramanathapuram, challenging a notice dated 1-8-2006 of the Recovery Officer, EPF Organisation, Madurai to attach properties of the co-operative bank for PF dues, Mr Justice K. Chandru declined to accept the contention of the petitioner that amounts due to them were deemed to have been borrowed by the State and the said dues had to be realised from the Government.

The petitioner was an employer by itself, the judge said. It could have dealing either from borrowers or it could raise loans by selling/mortgaging its own property to clear outstanding. It was in that context, the word arrears in Section 8(2) should be understood, and it did not refer to any amount promised by the Government by way of a rehabilitation measure.

When there were PF arrears from the society, notice of attachment and necessary warrants were issued by the Recovery Officer of EPFO consequent upon liability of society by virtue of the EPF Act. Unless orders of coverage were under challenge, consequential orders could not be a subject matter of any dispute.

It was for the PF Department to decide its own mode of recovery, the judge ruled.

Attachment of properties for PF dues was under challenge on the ground that the Recovery Officer should have proceeded to recover the amount from the district central bank, as amounts had been promised to be repaid by the State Government with a view to rehabilitating all societies.

In these circumstances, the writ petition was misconceived and would stand dismissed, the judge said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Portal Design Website Design Portal Designing Website Designing Web Design Professional Portal Design Professional Website Design Professional Web Design Portal Design India Website Design India Portal Designing India Website Designing India Web Design India Professional Portal Design India Professional Website Design India Chicago Professional Web Design New York Professional Web Design California Website Design Florida Website Design New Jersey Website Design Britain UK Website Design London Manchester Website Design

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions