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RBI alerts against misuse of banking channels for facilitating illegal forex trading EC censures Jagan Reddy & Chandrababu Naidu for MCC violations France tells Xi Jinping EU needs protection from China’s cheap imports UK military personnel’s data hacked Oxygen valve malfunction delays launch of Boeing’s first crewed spacecraft Pulitzer prize goes to Reuters & NYT Dutch, Belgian students join Gaza sit-ins by US Univ students India-Ghana Joint Trade Committee meeting held in Accra Ghana agrees to activate UPI links in 6 months GST - Record does not reflect that any opportunity was given to petitioner to clarify its reply or furnish further documents/details - In such scenario, proper officer could not have formed an opinion - Matter remitted: HC ED seizes about 20 kg gold from locker of a cyber scammer in Haryana GST - Mapping of PAN number with GST number - No fault of petitioner - Respondent authorities directed to activate GST number within two weeks: HC GST - Circular 183/2022 - Petitioner to prove his case that he had received the supply and paid the tax to the supplier/dealer - Matter remitted: HC GST -Petitioner to produce all documents as required under summons -Petitioner to be heard by respondent and a decision to be taken, first on the preliminary issue raised with regard to applicability of CGST/SGST: HC GST - s.73 - Extension of time limit for issuance of order - Notifications 13/2022-CT and 09/2023-CT are not ultra vires s.168A of the Act, 2017: HC Requisite Checks for Appeals - Respondent Inheritance Tax row - A golden opportunity to end 32-years long Policy Paralysis on DTC The Heat is on: Preserving Earth's Climate in the Face of Global Warming VAT - Timeline for frefund must be followed mandatorily while recovering dues under Delhi VAT Act: SC India, Australia to work closely for collaborative projects


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New Delhi, October 31, 2014 Cus - Exemption to goods imported for Common Wealth Games - Exemption extended to suppliers, contractors & vendors of Organising Committee by amending Notifn No 84/2010 cannot be applied retrospectively: CESTAT

New Delhi, October 31, 2014 Income tax - Whether when income of assessee is finally assessed u/s 115JB and not under normal provisions of Act, addition can still be made with respect to income determined under normal provisions - NO: ITAT

Hyderabad, October 31, 2014 CX - Balance sheet figures included quantity of re-rolled products traded - demand on differential quantity dropped by CCE & Revenue appeal dismissed by Tribunal - in grounds taken by Revenue, there hardly exists any element of law - Reference rejected: HC

Mumbai, October 30, 2014 Cus - A trader-importer, who paid SAD & who discharged VAT or ST liability on subsequent sale, and who issued invoices without indicating details of duty paid would be entitled to benefit of Notifn 102/2007: CESTAT

Mumbai, October 30, 2014 Income tax - Whether provisions of Sec 14A come into play only after AO first examines disallowance made by assessee itself and then AO is not satisfied with same - YES: ITAT

New Delhi, October 30, 2014 CENVAT on capital goods used in manufacture of exempted goods - Credit not deniable if at time of receipt, appellant had intention to use machinery for manufacture of dutiable as well as exempted goods - Matter remanded: CESTAT

Mumbai, October 29, 2014 ST - In Notfn 11/2010 expression 'for' means 'for purpose of' - Transmission, as per Electricity Act includes conveyance of electricity by transmission lines and includes setting up of sub-stations to accommodate transformers, therefore, activity of industrial construction in this regard also stands exempted: CESTAT

Mumbai, October 29, 2014 ST - Appellant places ads for clients in various media - On volume discounts, rate difference and amounts written back, demands under BAS cannot be sustained as these are either incentives or accounting adjustments and not consideration for any services: CESTAT

Mumbai, October 29, 2014 Cus - Conversion of Shipping Bill for duty free goods into SB for drawback - Only Division Bench, not single member bench, can hear such case: CESTAT

Mumbai, October 29, 2014 Income tax - Whether if a contract for sale or purchase is ultimately settled and no actual delivery of goods is effected under settlement, it is to be treated as speculative transaction - YES: ITAT

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