News Update

Cus - Delay in NOC by FSSAI - Demurrage charges - Transportation of imported articles from the custodian warehouse to a public warehouse is not prohibited under the provisions of 1962 Act: HCNobel Prize in Physics goes to 3 scientists - Alain Aspect, John Clauser & Anton ZeilingerCus - Refund of TED - Issue no longer res integra - Respondent is directed to grant credit of the amount of duty paid in the electronic credit register: HCGST - Not dropping google pin does not appear to be deliberate disobedience - Petitioner has given sufficient explanation - Order of lower court set aside: HCStrict Interpretation in Taxing Statutes - To what extent?I-T - Public functionary can be held liable for malicious acts in name of excercise of power : HCGovt issues Advisory against ads of betting on TV & Digital MediaI-T - If figures of sales and purchase were not doubted by AO, he cannot make additions on presumption of bogus purchases: HCScindia inaugurates direct flights between Bilaspur to IndoreI-T - In absence of enabling provisions, CPC Bangalore lacks jurisdiction to make any disallowance in order u/s 143(1): ITATWith tech developments, affordability of broadcasting services can be further improved: DoT SecretaryI-T - Additions framed on account of alleged cash receipts are invalid where no witnesses to such payments are available to testify & are based solely on statements: ITATRetail prices of edible oils expected to come down further: GovtI-T - Once income of trust is applied for its objects and stands maintained in seperate books of account, trust is eligible to claim exemption u/s 11: ITATImport duty on Platinum, Palladium & rhodium revised to 1.5% for specific useI-T - Rejection of valuation of shares as per DCF method is without any evidence on record and can not be upheld : ITATMoF notifies 7.1% interest rate for GPF w.e.f Oct 1, 2022VAT - Entry tax can be imposed on basis of stock transfer price instead of ELP: HCAnti-dumping duty on ‘Fishing Net’: DGTR initiates sunrise investigationMumbai Airport Customs nabs pax with 980 gm cocaine + Delhi Customs recovers drugs worth Rs 9 Cr from Liberian paxCX - If consolidated cenvat credit balance has been maintained more than the cenvat credit reversed, in such case appellant is not liable to interest post 17.3.2012: CESTATTruss Govt opts for volte-face on tax-cut for richST - Any issue which is not flowing from SCN being beyond SCN, need not be addressed by authority, Adjudicating Authority has correctly passed order addressing the only issue which was raised in SCN: CESTATJapan hoots siren as North Korea fires intermediate range ballistic missile over part of Hokkaido islandST - Composite works contract are a separate species of contracts known to trade and cannot be charged to service tax under any other head: CESTATTrump files USD 475 mn defamation suit against CNNTo slim down monarchy, Danish Queen revokes royal titles of four of her grandchildrenUS military kills Islamist group leader in Somali air strikeUS to further limit chip exports to ChinaDeath count rises to 90 in Ian-ravaged FloridaArchaeologists find 44 gold coins of Byzantine Empire during 7th CenturyDiageo chief expresses concern over Scottish dwindling water reservesPrize money for PM's Excellence Awards will be Rs 20 lakh in 2022: MoS
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