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: VAT Audit :: VAT RATES :: empanelment :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: cpt :: form 3cd :: TDS
« General »
 PMC may decide on property tax rebate for IT firms this week
 I-T Dept is giving out certificates of appreciation. Have you received yours?
 Government works on ironing out benefits refund mechanism for exportersa
  Tax officials are using an IDS provision to question transactions beyond six-year-limit
 Tax-free bonds rally like midcap funds
 Senior citizens do not have to pay advance tax on salary and interest income
 GST: Audit commissioners to get adjudication powers
 Interest on NRE rupee account can be exempt from tax under FEMA
 Impact of GST on Real Estate Sector
 GST regime: Tax payers allowed to take option of third-party interfaces
 CAG lens on entities avoiding tax with ‘farm income’ claim

SC notice to Reliance Ind, others on Orissa govt's plea
July, 09th 2008

The Supreme Court on Wednesday issued notice to Reliance Industries, Bharti Airtel, Hindalco, Tata Refractories and others on a plea by Orissa government, challenging a high court ruling which held levy of entry tax under the Orissa Entry Tax Act 1999 was unconstitutional.

A bench headed by Justice S H Kapadia sought reply from the companies as to why tax should not be imposed on goods imported and not manufactured or processed in Orissa.

Earlier, a batch of cross appeals were also filed by Tata Sponge Iron Ltd, Vedanta Aluminium, Bhushan Steel & Strips and others challenging imposition of entry tax on the goods entering the state.

The companies held that the Orissa High Court had erred in not declaring the Act as ultra vires after holding that the state had no jurisdiction to impose tax on imported goods.

According to the state government, while the High Court had sustained the validity of the Act it had also concluded that the state had no jurisdiction to impose tax on such goods.

Besides, the High Court had also directed the state government to make scrutiny of such goods without realising any entry tax on them, it said.

"The Act fulfils the criteria of a compensatory tax... The tax collected is not patently much more than the amount required for providing the facilities," the Orissa government stated in its appeal.

The High Court had given the verdict after Reliance and others in May 2006 challenged such levy on the ground that such legislation restricted free flow of trade and the state government was not providing any facility as was required.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System development CMS development Content Management Solutions CMS Solutions Content Management Services CMS Services CMS Software

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