Is Sonko eyeing forginess from President Kenyatta?
231 300Former Nairobi Governor Mike Sonko has changed tune in his latest move and lauded President Uhuru Kenyatta for the…
231 300Former Nairobi Governor Mike Sonko has changed tune in his latest move and lauded President Uhuru Kenyatta for the…
260 300The Kenya Off-Grid Solar Access Project (KOSAP) has embarked on testing cookstoves and clean cooking technologies in two (2)…
545 300The first ever Made in Kenya Experience will be going down at the Two Rivers on the 3rd July…
198 300The 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.
355 300Nairobi City County Government and SOMATI vehicles-Belgium company have today signed a commercial contract for delivery of second phase…
417 300ODM Party now wants all MCAs who have been pushing the ouster of Minority Whip and even participated in…
312 300Monarch Insurance Company has today announced that it has entered into a deal with The Holmarcom Group through its holding…
365 300Troubled Gor Mahia have landed in more soup with the Confederation of Africa Football(CAF) slapping two of the team’s…
421 300A new Football sheriff is in town, John Njoroge who was elected over the weekend to chair the Nairobi…
201 300By Sam Odhiambo In Kenya we have always been reliant on the cleaning ladies that we like to call…