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I-T- Penalty imposed u/s 271(1)(c) are not sustainable where additions based on which penalty was imposed, are themselves set aside : ITAT Ghana agrees to activate UPI links in 6 months ECI calls for ethical use of social media platforms by political parties Cus - Technological innovation and advancements would result in obsolescence of raw materials imported duty free - Destruction of such imports allowed after intimation to Customs authority: CESTAT ED seizes about 20 kg gold from locker of a cyber scammer in Haryana Ministry of Tourism participates in Arabian Travel Mart 2024 in Dubai ST - No evidence has been adduced to negate the specific findings of adjudicating authority holding that the service tax on all these expenses, by including same in gross transaction value has been discharged by assessee: CESTAT ICG detains Iranian boat, with six Indians onboard, off Kerala coast CX - As assessee is able to prove that all the items in question have been used in fabrication of structures for installation of capital goods which were ultimately used in manufacture of their final product, CENVAT Credit is allowed to assessee: CESTAT


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New Delhi, September 10, 2014 CENVAT - Rule 2(l) of CCR, 2004 - Outdoor Catering services - merely because exclusion uses expression 'primarily for personal use or consumption of any employee' it does not mean that credit is available in respect of catering services provided to contract labourers: CESTAT

Mumbai, September 09, 2014 CX - 'Minute Maid Nimbu Fresh (MMNF)' is correctly classifiable under CSH 2202 1020 as 'Lemonade' & is not entitled for benefit of exemption notification 3/2006-CX - Duty demand upheld : CESTAT

Bangalore, September 09, 2014 Income tax - Whether assessee is to be treated as assessee-in-default where assessee deducted tax payable by its employees but instead of remitting same in Govt account it appropriated same for its benefit - YES: HC

Mumbai, September 09, 2014 Cus - Appellants had approached Settlement Commission & admitted liability and also charges levelled in SCN - in view of admission before statutory authority, Penalties correctly imposed - appeal dismissed: CESTAT

Mumbai, September 09, 2014 ST - Appellant purchases goods from village industry units for supply of same to PSUs - transaction is simple trading - trade margin of 3% is not in nature of commission - activity not Business Support Services so as to attract ST: CESTAT

New Delhi, September 08, 2014 Furnishing Bank Guarantee by Two Star Export House - repugnancy between clause 4.7.3 of HoP and para 3.10.4(v) of FTP must be resolved in favour of FTP - High Court quashes direction of Addl DGFT to exporter to furnish BG

Hyderabad, September 08, 2014 Income tax - Whether when there is no willingness on part of developer to perform his part of contract, it will still be treated as transfer of capital asset u/s 2(47)(v) - NO: ITAT

Allahabad, September 08, 2014 CX - When there is no extra consumption of electricity & purchase of inputs, then manufacturing of extra goods is not possible - unless there is clinching evidence, demand cannot be confirmed solely on basis of presumptions: HC

Chennai, September 07, 2014 I-T- Whether five independent flats in multi-storey construction can be considered as single residential unit for purpose of claiming exemption u/s 54F - YES: HC

New Delhi, September 07, 2014 TB is a 'National Emergency'; Govt working on email repository to pool resources to fight it out, says Health Minister

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