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India, Lanka sign MoU on defence cooperationOwaisi moves SC against Waqf Amendment ActNo TDS to be deducted u/s 194EE on payments u/s 80CCAST - Removal of smart cards for pairing with set-top boxes (STBs) constituted job work under Rule 4(5)(a) of CCR, 2004 and thus, reversal of CENVAT credit is not required: CESTATCBIC issues AGT orders of 229 Jcs / ADCs + 308 ACs / DCs + 177 Pr Commissioners / Commissioners + 12 Pr CCs & CCsST - Activity of serving as intermediary between foreign entities & Indian customers, qualifies as export of services; commissions earned by assessee will not attract Service Tax levy: CESTATKessler Syndrome: Over 1200 objects of space debris banged into earth in 2024CX - Valuation - Specifications meant for guidance purposes per se differ from detailed engineering drawings; only the latter is to be included in assessable value: CESTATTrump grants another 75-day to TikTok to find Chinese buyerCX - Invocation of extended period under Section 11A(4) and penalty under Section 11AC is unwarranted since all facts including product details and classification are declared in returns and known to department: CESTATEU fears Trump beer tariffs may cost one lakh jobsCus - Import of motor bike - Confiscation u/s 111(d), (i) & (j) not tenable as bike not prohibited for import; or concealed or removed from Customs area without permission - Penalty u/s 112(b) quashed as no evidence that appellant knew that bike was liable for confiscation: CESTATTrump tosses out National Security Agency DirectorBudget Session of Parliament adjourns sine-die; 16 Bills passedHamas says Israeli offensive in Gaza is fatal for hostagesI-T - Test for checking validity of notices issued u/s 148 under new regime for AYs 2021-22 or prior years is whether period of six years has expired at time of issue of such notice: ITATEuropean Commission votes to freeze existing sustainability rules to compete with China and USParliament passes Protection of Interest in Aircraft Objects Bill, 2025US economy adds 2.28 lakh jobs in March monthI-T - Provisions of section 50C are equally applicable to asset forming block of asset as well: ITATChina retaliates; imposes 34% tariffs on American goodsDRDO, Indian Army conduct flight-tests of Medium-Range Surface-to-Air MissilePM offers to link UPI with payment modes of BIMSTEC countriesI-T- Deduction u/s 80P(2)(d) allowed in respect of interest income from cooperative banks, as is settled legal position: ITATSeasoned Bollywood actor Manoj Kumar breathes last at 87Railways, DMRC sign MoU for Automatic Wheel Profile Measurement SystemsPM meets Myanmar’s junta leader; expresses condolences over quake deathsI-T- ad hoc disallowance is invalid where framed without identifying specific issues or non-genuine expenses : ITAT
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