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Excise-Duty Not Payable On Trade Discount Offered To Bulk Buyer Of CNG: CESTAT

The Mumbai Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that excise duty is not payable on trade discounts offered to bulk buyers of compressed natural gas (CNG).The. ....

Payal Nahar , Mahanagar Gas Ltd , Service Tax Appellate Tribunal , Mumbai Bench , Judicial Member , Technical Member , Mahanagar Gas , Brihanmumbai Electric Supply , Central Excise Valuation , Excisable Goods , Show Cause Notice , For Appellant ,

Long-Term Capital Gains Exempted From Income Tax, Non-Disclosure Doesn't Amount To Loss Of Revenue: Gauhati High Court

The Gauhati High Court has held that the long-term capital gains are exempt from income tax, and the non-disclosure while computing the long-term capital gains cannot result in causing prejudice to. ....

Justice Kaushik Goswami , Revisional Authority , Gauhati High Court , Principal Commissioner , Income Tax , Computer Assisted Scrutiny Selection , Show Cause Notice , Assessment Order , For Petitioner ,