life lovers

THE SON'S PORTRAIT

Kripa had become old. His body had become infirm and weak. Sorrow and age
had wrought havoc on his face and dulled his vision. He had lost his only
son in a battle. The pain had been too much to bear and he had lost the
will to live. One afternoon, a visitor knocked at his door and said "Sir, I
was also a soldier in your son's army regiment. I was with him when he
died. The bullet that was meant for me, actually hit him, because he came
in the way. I owe my life to him. I have painted a portrait of your son;
please accept it as a gift." Kripa was a connoisseur of art. The walls of
his beautiful house were adorned with masterpieces of great value, but this
one touched his heart. It was put above the mantelpiece in a place of
honour.

Many years later, Kripa passed away. His lawyer had a letter that was to be
read out after the cremation. The lawyer said, "Before I read out the Will
regarding the inheritance of the property, I have special instructions
regarding his most valuable property, i.e. his collection of master pieces.
I must auction out the vast collection of paintings and utilize the sum as
directed in the letter. I have been directed to put up for auction, this
portrait of his son first of all." So saying, the old lawyer put up the
portrait of the deceased son that had been presented by the soldier. There
were no takers. Again and again the lawyer called out for someone to name a
price, but no one wanted the crudely painted picture.

The old family gardener came forward; rummaged through his worn out pockets
and said, "I can pay Rs.27/- for it." The lawyer counted "One ... Two ...
Three ... Gone. The portrait is yours." Then he reached into his pocket and
took out an envelope, cut it open and pulled out the Will. It said, "The
entire collection of paintings shall be inherited by the buyer of my son's
portrait. The rest of the property may be auctioned and the proceeds used
for setting up an orphanage for the orphans of war." That was the end of
the auction.

So it is with the Lord. If only we show love towards those whom He loves;
He showers upon us His choicest treasures and blesses us with His grace.

SANJAY TANDON


************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************

GOLDEN QUOTES

What causes the most pain- the mistake or the criticism for the mistake?

satbir singh
PRESIDENT
JAB WE MET CA
REDEFINING PROFSSINALISM....
************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************

Prior period expenses

Prior period expenses

IN A recent ruling, the Delhi high court had an occasion to deal with the tax treatment of prior period expenditure. The court held that the question as to the year in which a deduction is allowable may be material when the rate of tax chargeable is different in different years. The court opined that where tax is levied at a uniform rate, it is immaterial whether the deduction is allowed in one assessment year or another. The tax department is not at loss in any event. The high court also observed that the tax department should restrain itself from raising points which do not affect the taxability of the assessee or the tax that the Department is likely to collect from the assessee in one year or other

Golden Quotes

What causes the most pain- the mistake or the criticism for the mistake?

Golden Quotes

What causes the most pain- the mistake or the criticism for the mistake?

Jai Hind

This is our 60th Independence Day!

Freedom is not a Right but a Feeling!

Let's be proud to feel the Freedom!

Let's say loud we are INDIANS!!!

Let all of us get to-gather &

Let's Celebrate Our Freedom!

It is our duty to preserve this Freedom!

Carry this forward to the future!

We did,We do,We will do!!!

Set the celebration on Air, Share your Joy,

Vande Mataram!

Jai Hind

SATBIR SINGH

PRESIDENT JAB WE MET CA

REDEFINING PROFESSIONALISM.......

************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************

Golden Quotes

Do not just be concerned about your rights, but consider whether or not you
are right.

SATBIR SINGH

************"LEADERS ARE THE READERS,READERS ARE THE LEADERS*************

Golden Quotes

"Problems in the world will increase; therefore, I should increase my capacity for dealing with problems...."

OH GOD!

OH GOD! HELP ME

Marina’s husband had just passed away to a terminal illness. Their savings had been spent to the last penny in trying to save him. She had a fourteen year old daughter and an eleven year old son. Marina’s world had just crumbled to bits. She had no work experience; she was totally a home-bird.Friends and relatives came to console her. Most of them offered, “If there is anything that we can do to help, do let us know”; “You are not alone, we will stand by you.”....A month later, Marina requested one of these friends to help her get a job as a receptionist at a local school. The friend said, “Actually Marina, they really won’t listen to anyone. I would have spoken to the Principal for you, but she is just not the obliging type....”A week later Marina applied for a job as a salesgirl, in a women’s garments store and asked a relative to put in a word for her. “You see Marina, the owner is my friend no doubt, but you are really not the type, I mean, you have to have a certain personality to look after such a job; but if there is anything else, I’m always willing to help.” This went on.... hollow words, meaningless endearments and lame excuses.Till one night, Marina broke down. The next instalment for the school fees of her children was due in a fortnight. The house rent was grossly overdue. Her expenses seemed to soar whereas her resources dwindled. She cried her heart out and prayed, “Oh God! Why did you do this to us? How shall I tend to my children? Please help me for I am absolutely alone.” She cried herself to sleep. In her dream she saw God smiling at her and blessing her.The next morning she found an advertisement in the newspaper for a walk-in-interview to fill the post of a warden for a Boarding school. She walked into the interview room with the confidence that stems only from God’s presence in you. She was offered the job, provided she could move into a residence at the hostel premises, for the warden was supposed to be present all day. The school provided free education to the wards of their employees! The school mess would also provide free meals to her wards and herself. With one stroke, all her problems were solved!
It is only God who stands by His words, when He asks you to surrender your problems to Him and forget about them. But, if you continue to worry about them, He does not take over. To surrender means, to turn your thoughts away from all your problems and leave everything into His hands saying, “Lord, Thy will be done.”When at last you realize that God is all you have left; it is then that you realize that God is all that you really needed!In one discourse Baba said, “Sometimes you feel that disasters increase instead of diminishing! Don’t get agitated. Close your eyes and tell me with faith, “Thy will be done. Thou think of it.” And when you thus speak I even accomplish a miracle when necessary. I always think of you, but I can only help you completely when you rely fully on Me.”

SANJAY TANDON

Recent Service Tax Cases

Service Tax - Nithyananda Electronics Versus Commissioner Of Central Excise Mangalore = 2008

Date of Decision: February 4, 2008 - CESTAT, BANGALORECommissioner (Appeals) rejected the refund claim & confirmed Order-in-Original on ground that the assessee is carrying on the business of marketing & distribution on behalf of M/s. Zee Turner in terms of their Distribution Agreement - appellants not produced OIO as well as the Agreement with M/s. Zee Turner even after giving sufficient opportunities – hence appeal cannot be heard - appeal is rejected granting liberty to the appellants to seek restoration after producing the same
Service Tax - TNS INDIA PVT. LTD. Versus COMMISSIONER OF CENTRAL EXCISE BANGALORE = 2008

Date of Decision: February 4, 2008 - CESTAT, BANGALOREViolation of Principles of Natural Justice – remand order of commissioner is under challenge - terms of reference for remand is beyond the terms of the Show Cause Notice - aspect pertaining to limitation is also not considered - citations relied upon by appelalnts have not been examined – Commissioner (Appeals) shall deal with all the grounds raised by the appellants - appeal is allowed by way of remand to the Commissioner (Appeals) for fresh hearing
Service Tax - Wiptech Peripherals Pvt. Ltd. Versus CCE Rajkot = 2008

Date of Decision: June 27, 2008 - CESTAT AHMEDABADInput credit of service tax denied on the ground that the service tax paid on cell-phone, land-line, courier service cannot be held to be input service for the output service “maintenance & repairs” – held that service tax paid on cell phones or land-lines used in connection with output services is available as credit - some of the cell phones in the name of individuals were not established that they were used in relation to the output services – matter remanded to verify above aspect
Service Tax - Sundaram Brake Linings Ltd. Versus CCE Chennai = 2008

Date of Decision: February 6, 2008 - CESTAT CHENNAIWhether service tax is leviable in the category of “Consulting Engineer’s Service” on the technical know-how fee paid by the appellants to their foreign collaborators for the period 28.2.99 to 31.3.03 - issue is no longer res integra as it stands settled in favour of the assessee by a line of decisions of this Tribunal - Following the consistent view taken by this Tribunal, I set aside the impugned order, wherein tax was demanded in respect of transfer of technical know-how for above period
Service Tax - M/s Industrial Security Agency Versus CCE, Allahabad = 2008

Date of Decision: May 12, 2008 - CESTAT NEW DELHI“Security Agency” service - failure to pay the tax - Commissioner (Appeals) upheld penalty u/s 77 but imposed penalty u/s 76 & 78 by modifying the OIO - appellant was under bonafide belief that it was liable to pay Service Tax only on receipt of the amount from the recipient – impugned order of commissioner (A) is modified further – held that penalty of Rs.1 lac u/s 76 and Rs.1,000 u/s 77 are justified – but penalty u/s 78 is not justified - appeal stands allowed partly
Service Tax - M/s Kurele Industries Versus CCE, Kanpur = 2008

Date of Decision: May 27, 2008 - CESTAT, NEW DELHIDemand - Clearing and Forwarding Agent - During the pendency of the matter before the Commissioner (Appeals), CCE revised Adjudication order & enhanced penalty - Commissioner (Appeals) held that the Appellants are “Commission Agent” not “C/F Agent”, so demand is not sustainable - order of the Commissioner (Appeals) was not challenged by the Revenue before the Appellate Authority - As the demand is not sustainable, enhancement of penalty by the Revision order is also not maintainable
Service Tax - CCE, Allahabad Versus M/s New Govindgarh Steel = 2008

Date of Decision: May 27, 2008 - CESTAT NEW DELHITransportation of goods by road - delay in payment of tax – non-submission of return within the stipulated period - out of penalty imposed u/s 76 & 77, commissioner set aside penalty u/s 77 - Revenue submits that waiver of penalty under Section 77 of the Act is ultra wires – commissioner has dropped penalty u/s 77 only after considering the facts and circumstances of the case, so contention of revenue is not correct - appeal filed by the Revenue is rejected
Central Excise - STRIDES RESEARCH & SPECIALITY CHEM. LTD. Versus C.C.E., MANGALORE = 2008

Date of Decision: June 14, 2007 - CESTAT, BANGALORECenvat credit - Mere for the reason that dealer mentioned incorrect address of appellant factory in invoice, it can’t be said that appellant availed credit irregularly – moreover, dealer has addressed a letter to appellant-assessee that by mistake he put incorrect address in invoice - there is sufficient record to establish that credit had not been availed irregularly – credit not deniable
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