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Pendency of indirect tax appeal cases down 61 in two years MoS

first_imgNew Delhi: The pendency of appeal cases related to indirect taxes in the Supreme Court, High Court and CESTAT has reduced 61 per cent to 1.05 lakh in almost 2 years, Parliament was informed on Tuesday. Minister of State for Finance Anurag Thakur in a written reply to a question in the Rajya Sabha said the total pendency of appeals at the Supreme Court, High Court and CESTAT (Customs Excise and Service Tax Appellate Tribunal) as on June 30, 2017, was 2,73,591, whereas the same has significantly come down to 1,05,756 as on March 31, 2019, a reduction of 61 per cent. With regard to direct taxes, as many as 3.41 lakh cases were pending before commissioner (appeal), while 92,205 cases were pending before the Income Tax Appellate Tribunal (ITAT) as on March 31, 2019. Also Read – Thermal coal import may surpass 200 MT this fiscalBesides, 43,224 and 6,188 direct taxes-related cases were pending before High Court and Supreme Court as on December 31, 2018, respectively. Thakur further said the Central Board of Direct Taxes (CBDT) has raised the monetary limits for filing appeals before appellate tribunal and courts. Appeals would be filed before ITAT, high courts and Supreme Court only where tax effect is to the tune of Rs 20 lakh, Rs 50 lakh and Rs 1 crore, respectively.last_img read more

NHL Sides Take Step Backward In Negotiations To End

NHL commissioner Gary Bettman  was “thoroughly disappointed” in three counter-proposals from the players’ association on Thursday and left the negotiating table pessimistic about a resolution.No new talks have been scheduled, and the possibility of a full hockey regular season is quickly shrinking.“Today is not a good day,” NHLPA executive director Donald Fehr said.Thursday’s meetings, according to Bettman, were a “step backward,” while Fehr insists the NHL was only willing to work off its offer from Tuesday, rejecting the players’ three counteroffers.The union offered multiple options in response to the NHL’s offer on Tuesday that called for an 82-game season and a 50-50 split of hockey-related revenues between owners and players.Said Blues captain David Backes in a text to ESPN.com: “We feel our newest proposal took a great step toward getting a deal done. It’s too bad the owners don’t feel that way and I fear that we may miss an extended amount of time now.”Bettman said that proposal was the “best that we could do” and added that the two sides are still far apart.“None of the three variations of player share that they gave us even began to approach 50-50, either at all or for some long period of time,” Bettman said.“It’s clear we’re not speaking the same language.”Fehr said two of the union’s proposals would have the players take a fixed amount of revenue, which would turn into an approximate 50-50 split over the term of the deal, provided league revenues continued to grow.The third approach would be a 50-50 split, as long as the league honored all existing contracts at full value.Deputy commissioner Bill Daly contradicted what Fehr said was included in the third proposal, saying in a statement: “The so-called 50-50 deal, plus honoring current contracts proposed by the NHL Players’ Association earlier today is being misrepresented. It is not a 50-50 deal. It is, most likely a 56- to 57-percent deal in Year One and never gets to 50 percent during the proposed five-year term of the agreement.“The proposal contemplates paying the Players approximately $650 million outside of the Players’ Share. In effect, the Union is proposing to change the accounting rules to be able to say ’50-50,’ when in reality it is not. The Union told us that they had not yet ‘run the numbers.’ We did.”Further, Daly told ESPN.com that in the league’s view, none of the three offers from the NHLPA guarantee ever getting to a 50/50 split.Bettman said he was still hopeful the league can have a full season, but time is running out to make that happen.“I am concerned based on the proposal that was made today that things are not progressing,” he said. “To the contrary, I view the proposal made by the players’ association in many ways a step backward.”Bettman said Tuesday the sides would have to reach an agreement by Oct. 25 for a full season to be played. read more

City is one of the best in the world says Nuno

first_imgAhead of their trip to the Etihad on Monday, Wolves manager Nuno Espirito Santo has hailed Manchester City as “one of the best in the world”.While hoping to continue Wolves’ impressive results against the top six sides, Nuno has also praised the quality of the opposition in Manchester City.The first meeting between the two sides ended in a 1-1 draw at the Molineux in August 2018.Since then, Wolves have beaten Chelsea and Spurs and drew against Arsenal and Manchester United in the League, and knocked Liverpool out of the FA Cup on Tuesday.“It’s going to be tough, we have no doubts about it,” Nuno told Sky Sports.“It’s a fantastic team, a fantastic manager, fantastic players the way they play. We know and we have to prepare ourselves for it.“They are one of the best in the world and no doubt about it, on Monday they are going to be as good as they always are.Tammy Abraham, ChelseaChelsea hat-trick hero Tammy Abraham hopes for more Andrew Smyth – September 14, 2019 Tammy Abraham hopes this season will be his big breakthrough at Chelsea after firing his first hat-trick for the club in Saturday’s 5-2 win at Wolves.“It’s very difficult, we always approach (games) the same, we spend the same time preparing, we go to the same levels of motivation.“We try to play the game as we want. Sometimes it works, sometimes it doesn’t.“It’s not about your approach, sometimes it’s your opponent. It’s not an issue, all the games are important, all the opponents deserve the same approach, the same respect. They are all very strong, the pressure is always the same.“It’s not about who you face, it’s about what you want to do on the pitch, your ideas, how you want to develop, how you want to grow, that’s the philosophy that we try.”last_img read more