« Top Headlines » Open DEMAT Account in 24 hrs  ITR Filing: 6 Ways to Get Exemption on Income Tax  Income Tax Return Filing: 10 Mistakes To Avoid When Filing ITR For AY 2024-25  Old vs New Tax Regime: Who should move to the New Tax Regime from the old one?  Income Tax Calculator FY 2023-24: How To Know Your Tax Liability Online On IT Dept's Portal?  BackBack Income Tax Act amendment on cards on tax treatment of MSME dues  ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing. Check details here  Income tax slabs FY 2024-25: Experts share these 8 benefits for taxpayers in new income tax regime  How To File ITR Online - Step by Step Guide to Efile Income Tax Return, FY 2023-24 (AY 2024-25)  Old or new tax regime for TDS on salary? This post-election 2024 event will impact your tax planning  What Are 5 Heads Of Income Tax?  Income Tax Dept releases interim action plan for FY25 on tax collection, refund approvals «  Sebi scraps UIN, makes PAN sole ID for all transactions... Cos tweak salaries to reduce FBT load... » SC extends stay on levy of enhanced entry tax by MP June, 27th 2007 The Supreme Court on Monday directed the Madhya Pradesh High Court to dispose by July 3 a matter pertaining to enhanced entry tax collected by Madhya Pradesh, while extending the stay on such a levy till July 25. A vacation bench headed by Tarun Chatterjee extended the stay -- which comes as a relief to telecom major Bharti Airtel and tobacco firm Godfrey Philips India that had challenged the levy. The matter is listed for final hearing before the High Court on July 3. The High Court had upheld the validity of the 'Madhya Pradesh sthaniya kshetra me mal ke pravesh par kar adhiniyam 1976 and 2006 (entry tax acts) and the Sanshodhan Adhiniyam 2004 on the ground that the levy being compensatory in nature was immune from the challenge. The High Court had directed the petitioners to continue depositing the entry tax on cigarettes and other similar products of tobacco and telecom related goods at the enhanced rate of 10 percent charged pursuant to the adhyadesh of 2006. Both the companies have challenged the High Court order decision upholding the state government's right to levy tax on raw materials and packaging goods in manufacture of finished goods at higher rates than the rates prescribed under the entry tax act. Senior counsel U U Lalit appeared for Madhya Pradesh, while A K Ganguli for Godfrey Philips India. The companies stated that more than 40 petitions were pending before the High Court challenging the levy of entry tax on the goods brought into the state from outside as well as the goods entering from one local area to another.