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India-Australia DTAA: Economic Statecraft through Tax RBI alerts against misuse of banking channels for facilitating illegal forex trading Time Limit to file Appeal in GST Appellate Tribunal EC censures Jagan Reddy & Chandrababu Naidu for MCC violations I-T-Interest income earned by a co-operative society on its investments held with a cooperative bank would be eligible for claim of deduction under Sec.80P(2)(d) of the Act: ITAT France tells Xi Jinping EU needs protection from China’s cheap imports I-T- Addition cannot be made merely for reason that assessee got property transferred through registered sale without making payment to vendor: ITAT UK military personnel’s data hacked I-T- Addition which is not based on the reasons for reopening is un-sustainable sans notice u/s 148 of the ACT: ITAT Oxygen valve malfunction delays launch of Boeing’s first crewed spacecraft I-T- Re-assessment need not be resorted to, where no income has escaped assessment or where no evidence is put forth to establish escapement of income: ITAT Pulitzer prize goes to Reuters & NYT FM administers Oath to Justice Sanjaya Kumar Mishra as first President of GST Tribunal Dutch, Belgian students join Gaza sit-ins by US Univ students 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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Mumbai, August 01, 2014 CENVATTED Moulds & dies sent to vendor for production of final products - such clearances permitted only after amendment of rule 4(5)(b) - if appellant also utilizing these Moulds, infraction is only procedural warranting penalty rather than denial of credit: CESTAT

Mumbai, August 01, 2014 ST - In SCN, demand in respect of Break Bulk Fees is made under transportation of goods by air - Appellant is not an aircraft operator so demand not sustainable - also order confirming demand under Cargo Handling is beyond scope of SCN: CESTAT

Mumbai, August 01, 2014 ITAT grants relief to Bollywood Star Salman Khan; sets aside penalty imposed for claiming legal expenses incurred on criminal cases as business expenditure

Mumbai, August 01, 2014 Import of Poppy Seeds - undervaluation - DRI not recorded any statement of any individual who had been conduit through whom Hawala deal took place - although prima facie there is strong case for appellant no other option as third Member, but either to agree with one of differing views - Pre-deposit ordered: Tribunal by Majority

Mumbai, July 31, 2014 ST - Telecom Infrastructure Services are more appropriately classifiable under Business Support Service - demand under BAS is not sustainable: CESTAT

Mumbai, July 31, 2014 CENVAT - Rule 3(3) of CCR, 2004 - Duty paid on any input can be utilized for payment of any duty of excise on any final product - no one-to-one correlation required - availment of duty paid on Molasses for payment of duty on Sugar not barred: CESTAT

Ahmedabad, July 31, 2014 Income tax - Whether profit relatable to sale of unutilized FSI is also eligible for Sec 80IB(10) benefits - NO: HC

Mumbai, July 31, 2014 Cus - if statutory provision is capable of two interpretations, taking one such interpretation cannot give rise to an error apparent from record even if one is of view that other interpretation is more correct in context - ROM dismissed: CESTAT

Mumbai, July 30, 2014 ST - Construction of retention wall on bank of Sabarmati river can be considered in a broad sense as renovating or restoring of water bodies - activity falls under exclusion clause of "site formation and clearance, excavation and earth moving and demolition service" - No ST chargeable: CESTAT

Mumbai, July 30, 2014 ST - Renting of Immovable property - lease amount was collected as premium and rental at time of agreement - expressions �other similar arrangements' and �any other service in relation to such renting' used in s. 65 are expressions of width & amplitude - Pre-deposit Rs 20 Cr ordered: CESTAT

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