News Update

RBI alerts against misuse of banking channels for facilitating illegal forex tradingEC censures Jagan Reddy & Chandrababu Naidu for MCC violationsFrance tells Xi Jinping EU needs protection from China’s cheap importsUK military personnel’s data hackedOxygen valve malfunction delays launch of Boeing’s first crewed spacecraftPulitzer prize goes to Reuters & NYTDutch, Belgian students join Gaza sit-ins by US Univ studentsIndia-Ghana Joint Trade Committee meeting held in AccraGhana agrees to activate UPI links in 6 monthsGST - 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: HCED seizes about 20 kg gold from locker of a cyber scammer in HaryanaGST - Mapping of PAN number with GST number - No fault of petitioner - Respondent authorities directed to activate GST number within two weeks: HCGST - Circular 183/2022 - Petitioner to prove his case that he had received the supply and paid the tax to the supplier/dealer - Matter remitted: HCGST -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: HCGST - 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: HCRequisite Checks for Appeals - RespondentInheritance Tax row - A golden opportunity to end 32-years long Policy Paralysis on DTCThe Heat is on: Preserving Earth's Climate in the Face of Global WarmingVAT - Timeline for frefund must be followed mandatorily while recovering dues under Delhi VAT Act: SCIndia, Australia to work closely for collaborative projects
 
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Chennai, June 10, 2014
CX - Classification of Toys or Games or Puzzles - Funskool India dispute resolved by Third Member of CESTAT
 
Ahmedabad, June 09, 2014
CENVAT - appellant cannot be both 'manufacturer' and 'service provider' at same time in relation to particular activity -Credit taken on input services for job work activity cannot be denied: CESTAT
 
Jaipur, June 09, 2014
I-T - Whether any payment made for acquisition of new house by way of advance for booking or by installments has to be treated as investment towards purchase or construction of a new house - YES: ITAT
 
Ahmedabad, June 09, 2014
Cus - Anti dumping duty on Cold Rolled Flat Products imposed is not applicable for products having width more than 1250 mm - Corrigendum cannot be applied to imports made prior to 07.02.2012 - CESTAT
 
Lyon, June 08, 2014
Biometric technology key in fighting transnational crime: INTERPOL Chief
 
New Delhi, June 07, 2014
Growing investments in steel plants leading to excess capacity; Global consumption on the decline: OECD Steel Committee
 
New Delhi, June 07, 2014
Pre-Budget Meet: India Inc seeks three-year postponement of GAAR; exemption from MAT to dividend brought back by susidiaries of Indian Cos and push for GST
 
New Delhi, June 06, 2014
Pre-Budget Meet: Trade & Industry captains ask FM to exempt salaried income up to Rs 5 lakh
 
New Delhi, June 06, 2014
Cus - Compounding of Offence - Considering that no minimum penalty was attracted, denial of compounding meant that he would have to face long trial which ultimately would, in all probability, culminate in small fine - Order of CC is erroneous: HC
 
Ahmedabad, June 06, 2014
Income tax - Whether once AO has passed block assessment order, fresh notice u/s 148 can be issued to reopen assessment on basis of certain materials found post-search - YES: HC
 
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