News Update

World Bank approves USD 105M project to improve waterways in West BengalMadras High Court gets 10 additional judgesLucknow Municipal Corporation bonds list on BSECBDT prescribes detailed guidelines on taxpayers’ information security policy for field formationsCus - Article 226 is not meant to short-circuit or circumvent statutory procedures - Petition dismissed: HCCBDT grants NFSG benefits to 14 JCITsSVLDRS, 2019 - Final hearing held before 30.06.2019 - declarant ineligible to file declaration under litigation category but eligible under the arrears category since o-in-o not appealed against: HCSVLDRS, 2019 - A liberal view embedded with the principles of natural justice is called for while considering a declaration seeking amnesty: HCIRS officers posted as CVO - Vinay Kr Singh of 1997 batch to PEC Delhi + Manisha Saxena of 2000 batch to IREDAReason and OrderSale of Cinema Ticket - Recipient identified, therefore, profiteered amount of Rs.12/- along with interest to be paid from the Consumer Welfare Fund: NAAIndian Oil launches India's first 100 Octane petrolGST - Throughout the year we are having festive season sales, hence it cannot be said that sale prices are lowest in December - average sale price of December adopted by DGAP is not unjustified: NAAST - Writ Petition against an order passed by a Statutory Authority which was not appealed against within the maximum period of limitation before the Appellate Authority concerned cannot be entertained: HCAnti-ship version of BrahMos supersonic cruise missile successfully test-firedCus - Under-valuation of goods - Parallel invoices - demand raised, being computation of probable under-valuation, is sustained, where assessee disclosed only lesser invoice value: HCCX - CENVAT credit of sales commission paid to agent is allowed, where such agent is engaged in sales promotion of goods manufactured by assessee: CESTATDevelopment efforts of India, Sri Lanka 'synergistic' says SitharamanST - Commissioner has ignored the substance and has picked a part of the clause to suit his purpose - No service tax is applicable on permanent transfer of IP Rights by Foster's to appellant: CESTATDuty demand based on statements recorded from witness, while assessee was not permitted to cross examine such witness - case remanded for re-hearing: HCAssessment order is non est if passed in name of non-existent merged company, despite having knowledge of its merger: ITATNo addition for differences as undisclosed turnover can be made if entire transaction takes place through banking channel & bills of entry & invoices are available for verification: ITATPLI Schemes for bulk drugs, medical devices received very positively: GovtGST - CBIC notifies HSN Codes for a class of supply of 49 different types of chemicalsItaly to host G-20 Summit on Oct 30, 2021Anti-dumping duty on Methylene Chloride extended till Jan, 2021SC tosses out Chanda Kochhar’s petition questioning her removal from ICICI MD’s postGST collection crosses Rs 1 lakh crore in NovemberBoard of Trade meeting to discuss foreign trade policy, Atmanirbhar BharatJob Work - Redefined
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