Friday, 8 July 2016


1. No service tax on Dada for writing articles, anchoring TV shows, playing IPL matches & Brand Endorsement.[Sourav Ganguly  vs. Union of India & Ors. (Calcultta High Court)] 
2. SC explains Tonnage Tax Scheme in context of slot charters. [CIT vs. Trans Asian Shipping Services (P) Ltd. (Supreme Court)] 
3.Interest paid for broken period not part of purchase price: SC. [CIT vs. CitiBank N.A. (Supreme Court)] 
4. Custum Duty free shops Indian currency sales purchase limit revised to Rs. 25000/- from existing Rs. 5000/-. Circular No. 31/2016. F No.: 473/05/2015