Top Tax Expert SC Tiwari joins AIT as Advisor

Tariff Value for import of Brass Scrap is 3801 and for poppy seeds 4256-Customs Non-Tariff Notification No. 20 No approval for procurement of service “Rental” of immovable property for office outside the Special Economic Zone/FTWZ can be given-SEZ Instruction No. 49 on Clarifications on FTWZ issues Consolidated list of default authorized operations which can be undertaken by the developer/approved co-developer by default from the date of notification-SEZ Instruction No.50 Himachal Government hikes VAT from 4 per cent to 5 per cent on all items, except edible oils and foodgrains Authority for Advance Ruling rules no capital gains accrued or arose at the time of conversion of partnership firm into a private limited company under Part IX of the Companies Act and therefore, notwithstanding the non-compliance with clause (d) of proviso to Section 47(xiii) of the Income Tax Act, by reason of premature transfer of shares, the said company is not liable to pay capital gains tax-AIT-2010-93-AAR Authority for Advance Ruling rules if the purchasers are non-residents other than the applicant, the applicant is liable to pay tax in India on the amount received by it for the support services rendered through the branch office in India-AIT-2010-92 -AAR Jurisdiction of Dispute Resolution Panel-Income Tax Order No.3 Employment of washing process in the manufacture of agglomerates etc from imported plastic waste and scrap-SEZ Instruction No.48 Haryana Government imposes surcharge ranging from 0.25 per cent to 0.7 per cent on VAT Service Tax Notification No. 17/2010 which exempts the taxable service providing packaged or canned software, intended for single use and packed accordingly amended-Service Tax Notification No.18 Procurement, Import and Export of Prohibited and Restricted Goods by SEZ Units-SEZ Instruction No. 47 Tractors are chargeable to tractor cess in terms of the Tractor Cess Rules, 1992 read with the IDRA Act, 1951-Central Excise Circular No. 916 Authority for Advance Ruling rules the amounts received/receivable by Technopromexport from NTPC under contract for Offshore supply of all plant and equipment including mandatory spares are not liable to tax in India under the provisions of the Income-tax Act, 1961 and DTAA between India and Russia-AIT-2010-79-AAR whether Cess levied under section 5 of Textile Committees Act, 1963 is includable as a component of CVD-AIT-2010-78-HC Toilet linen and kitchen linen, of terry toweling or similar terry fabric, of cotton and of other textile materials added in Focus Product Scheme for exports made after 1st Jan 2010-DGFT PN 46 Duty Credit Scrips can also be used / debited towards payment of Customs Duties in case of EO defaults under Authorizations issued under Chapters 4 and 5 of the Policy-DGFT Notification No.32

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Top Tax Expert SC Tiwari joins AIT as Advisor

AIT News Network

MUMBAI Authority on Direct Taxes and Mumbai based Tax Professional; Mr SC Tiwari has joined Allindiantaxes as Advisor. Known as SCT in Tax Circle; Topper of 1968 Batch of Indian Revenue Service, Mr Tiwari has been Member of ITAT for a decade ranging from January 1997 to May 2007.

Domain Achiever in Direct Taxes, Mr Tiwari is advising several Big Corporates and MNCs on Tax liability and legal issues. He holds a unique place in the tax field and his Opinion is considered last word in Income tax litigation. His areas of expertise include DTAA, Corporate and MNC Taxation and almost all fields of Income Tax Laws and Practice.

LL.B. from Rajasthan University, Jaipur, Mr Tiwari joined Indian Revenue Service in 1968.

He has held various positions in the Income tax department and the Ministry of Finance and has hands on experience of 39 years in tax field. He has served as Deputy Secretary, Department of Revenue, Ministry of Finance in Central Board of Direct Taxes, North Block, New Delhi from November 1982 to June 1987.

He was sponsored by United Nations Development Programme (UNDP) and has completed course on Tax Administration conducted by Institute of Tax Administration, Los Angeles, USA under the accredition of Golden Gate University, San Francisco.

He was Commissioner in Income Tax Department from 1988 to 1996 and held various quasi-judicial positions including the assignments as Commissioner (Appeals).

He was a Member of Income Tax Appellate Tribunal from January 1997 to May 2007 and has been posted in ITAT’s Kolkata, Delhi and Mumbai Benches and has pronounced several significant rulings on tax issues which are relied upon by the Advocates and CAs in litigation before the Authorities.

AIT subscribers and netizens will be immensely benefited by his vast knowledge and domain expertise. He can be mailed at tiwarisc@yahoo.com

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