Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
Top Headlines »
Open DEMAT Account in 24 hrs
 Income Tax Dept releases interim action plan for FY25 on tax collection, refund approvals
  Income Tax Return: 5 lesser-known tax-saving tips from Section 80
 Income Tax Return: 5 lesser-known tax-saving tips from Section 80
 Why you need not rush to file your ITR immediately
 Income tax returns: ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing
 Section 80DDB tax benefits for specified illnesses: 5 things to know
 Income tax slabs FY 2024-25: Five tips to help taxpayers decide between old and new income tax regimes
 ITR-1, ITR-2, ITR-4 forms for FY 2023-24 (AY 2024-25) available now on e-filing income tax portal
 How To Save Tax For Salary Above 15 Lakhs?
 Tax Saving: Top 5 investment options to save maximum tax in 2024
 5 HRA tax exemption proofs you must have in case income tax dept asks

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.
Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting