News Update

Milk production registers 20% growthSteel Industry seeks removal of Customs duty on raw materialsFake encounter - SC asks SIT to wrap up probe in 12 FIRs by Feb-endHaryana also bans release of ‘Padmavat’I-T - When doings of assessee are not found to be not above board, it does not deserve invocation of extraordinary jurisdiction of HC under Art 226: HCPublic art should be part of urban planning: PuriGSTN technical glitches to be reviewed by Sushil Modi-headed Committee tomorrowCX - Without canteen, factory would not be allowed to operate under Factories Act, 1948 - Outdoor catering services, not primarily for personal use or consumption of employee, is covered under definition of Input service: CESTATCENVAT - Services of merger has no relation with manufacture - Even if order goes beyond the SCN, same is not an error of a kind which can be rectified by a ROM application: CESTATSettle disputes of earlier regimeIndia-Israel talk - PM lists GST & transparent tax system as one of his Govt’s achievements; promises more reformsExports continue to grow; log 12.3% growth in Dec, 2017IT Minister launches gigabit link between India and LankaCustoms - CBEC classifies Antenna used at BTS under CTH 8517 62 90Nepal, B'desh, Bhutan & India about to close pax protocolDec, 2017 records 11.76 lakh foreign tourist arrivalsFATCA - CBDT issues fresh direction on US TIN for pre-existing accounts (See 'TII Brief')GSTIN, UIN/PAN suffices for KYC verification - Board simplifies normsTelecommunication Antenna used at Base Transceiver station/NodeB/eNodeB in a wireless telecommunication network is correctly classifiable under CTH 8517 6290I-T - A financial transaction within the family members is not covered by provisions of Sec 269SS: ITATe-Way Bill pilot to commence tomorrow; States to notify it for Intra-State before JuneST - Rule 6(3) of CCR, 2004 - Writing off of loans as non-performing assets, whether exempted service - Matter remanded: CESTATI-T - Benefit of exemption u/s 54F is not limited to investments made on claimants' name only: HC
 
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Mumbai, January 16, 2018
I-T - When doings of assessee are not found to be not above board, it does not deserve invocation of extraordinary jurisdiction of HC under Art 226: HC
 
Mumbai, January 16, 2018
CX - Without canteen, factory would not be allowed to operate under Factories Act, 1948 - Outdoor catering services, not primarily for personal use or consumption of employee, is covered under definition of Input service: CESTAT
 
Mumbai, January 16, 2018
CENVAT - Services of merger has no relation with manufacture - Even if order goes beyond the SCN, same is not an error of a kind which can be rectified by a ROM application: CESTAT
 
Kolkata, January 15, 2018
I-T - A financial transaction within the family members is not covered by provisions of Sec 269SS: ITAT
 
Mumbai, January 15, 2018
ST - Rule 6(3) of CCR, 2004 - Writing off of loans as non-performing assets, whether exempted service - Matter remanded: CESTAT
 
Jaipur, January 15, 2018
I-T - Benefit of exemption u/s 54F is not limited to investments made on claimants' name only: HC
 
Mumbai, January 13, 2018
Sales Tax Tribunal - When Rule itself makes it clear that only JCs are eligible for posts of Member, Explanation to Rule calling for giving weightage to experience as DC does not stand test of legality: HC
 
New Delhi, January 12, 2018
I-T - When CIT(A) reduced quantum of disallownace u/s 14A and assessee accepted it, raking up same issue after four years is akin to raising dispute on stale issue: HC
 
Mumbai, January 12, 2018
Cus - s. 129E - Redemption of confiscated goods - Tribunal is clothed with express power u/r 41 of Procedure Rules to make such order as it is necessary to secure ends of justice: HC
 
New Delhi, January 12, 2018
I-T - If properties are held as stock-in-trade and not for purpose of letting out, 'vacancy allowance' provided u/s 23(1)(c) cannot be claimed: HC
 
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