Did you know that most of the world uses the same two words for tea?
The Tax Appeals Tribunal (the Tribunal) has dismissed an Appeal filed by Jhulay LAL Commodities Ltd on grounds that the firm had failed to prove that Kenya Revenue Authority’s (KRA) assessment was excessive.Jhulay LAL’s principal activity is the wholesale and retail sale of rice sourced from Pakistan. Jhulay LAL Commodities Ltd appealed the decision of KRA contesting that the entire tax of Kshs. 1,456,433,604.00 demanded. The main grounds of the appeal was that the Commissioner determined the taxable income on the basis of its gross bankings against the basic accounting principles and tax law.KRA successfully argued that it made the assessment after an investigation revealed several irregularities including unexplained bank deposits and that the sales of the rice exceeded the amounts imported.The Tribunal reviewed the evidence as presented by both parties and held that KRA exercised its powers judiciously to make the decision based on the material before it. The Tribunal held that the Jhulay LAL Commodities Ltd failed to prove that the assessment was excessive and dismissed the appeal.
Global demand for tea has seen a remarkable increase during the COVID-19 pandemic, providing a
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Three businessmen have been charged before Busia Law courts Senior Principal Magistrate Hon. Phoebe Kulecho with counts relating to smuggling of 350 bags of maize worth Kshs 800,000 in taxes. Joseph Kiprono and Mugisha Moses were charged both jointly while Issa Abuneri Ingati separately faced similar charges of being in possession of uncustomed goods contrary to section 200(d)iii as read with section 210 and 211 of the EACCMA,2004 and that of conveying uncustomed goods contrary to section 199 (b) as read with section 199(c|) EACCMA,2004. Joseph and Mugisha were intercepted by Adungosi Police Station Officers while transporting 200 bags of uncustomed maize worth Kshs 460,000 in taxes on 9th March this year at Among’ura- Amaase Murram road Teso South within Busia County. The accused persons denied the offences and were each released on bond of Kshs 200,000 or bail of Kshs 100,000. Their case will be heard on 6th May 2021 and mention on the 25th March 2021.
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