News Update

Cabinet nod for Incentive scheme for promotion of low-value BHIM-UPI transactionsCabinet approves Revised National Program for Dairy DevelopmentI-T - Interest paid to assessee u/s 244-A of Income Tax Act, will be recoverable, if appeal filed by I-T Department is decided against assessee: HCCabinet okays Greenfield Highway starting from JNPA Port to Chowk in MaharashtraCus - Detention of seized goods is invalid where no SCN was issued to assessee within 6-month limitation; no personal hearing granted either: HCCabinet approves implementation of revised Rashtriya Gokul MissionGST - Limitation of 60 days period prescribed u/s 62(2) appears to be directory in nature - Right to file returns cannot be taken away: HCCabinet approves new Brownfield Ammonia-Urea Complex Namrup IV Fertilizer PlantGST - Fake ITC availment - Court considers the nature and gravity of the accusation and grants bail: HCSunita Williams says She never dreamt of becoming astronaut in childhoodGST - Criminal prosecution - Second FIR can be valid if it concerns a different offence arising from the same facts: HCBus catches fire; 4 pax burnt to deathGST - Rejecting input tax credit claim due to a minor error, causes substantial harm to assessee: HCIt all began in 1860...Cus - Appellant's refund claim denied for excess CVD paid on imported mobile phones, holding that claim is time-barred, lacked reassessment and failed to prove that duty burden is not passed on to buyers: CESTATCustoms - Rules amended for administration of Rules of Origin under trade pactsCus - Royalty payments for manufacturing know-how are not related to imported goods and should not be added to assessable value: CESTATTrump, Putin agree for partial ceasefire if Ukraine okays itCus - SCN issued beyond the limitation period prescribed therefor, is not sustainable: CESTATDGTR releases findings in safeguard probe into imports of non-alloy and alloy steel flat productsCBIC notifies definitive anti-dumping duty on ‘Soft Ferrite Cores’ from ChinaCBDT notifies u/s 138 Addl Chief Secretary of Delhi for sharing information to identify eligible beneficiaries under social welfare schemesST - Amounts, being payments for premature termination of contract, are not considered service-related; thus not taxable under Section 66E of Finance Act, 1994: CESTATBoxing Federation tosses out SG and Treasurer after serious embezzlement charges levelledLIC urges RBI to issue 100-year Govt bondsIAEA Director General says India’s N-sector among most dynamicMexico City amends rules to make bullfights less harmfulTrump Administration releases rest of JFK assassination papersCredit Scheme for MSMEs provides 60% guarantee up to Rs 100 Cr
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