News Update

CBIC amends tariff value of silver; No change for other commoditiesHigh Level Official Delegation from Mauritius visits National Centre for Good GovernanceGovt hikes Minimum Wages vide enhanced VDA for unorganised workersTRAI mandates whitelisted URLs, APKS, or OTT links for SMS TrafficGST - Rule 86A is not a machinery provision for recovery of tax - Order can be passed only if ITC is available in the taxpayer's ECL - No negative blocking: HCFrance backs India’s membership to Security CouncilGST - No opportunity of personal hearing as was requested while replying to SCN was given - Order set aside: HCJaishankar calls for reforms of WTO, G20 & UNGST - Goods were purchased from SAIL by a third party who sold to petitioner and who subsequently re-sold to consignee - No justification for detention on ground that correct documents were not travelling with truck: HCFamily of 5 found dead in car in TN; Suicide suspectedAlternative Global Value Chain - Is India going to be 'Next China'!IMF okays USD 7 bn loan to support Pak’s sinking economyCus - Unreasoned order - Order spoke for itself - Revenue counsel tries his best to justify order but in the end had to throw in the towel: HCBombay HC quashes govt clearance given after construction in Coastal areaPrevent misuse of s.114AA of Customs ActBrazil keen to ink trade deal with EUGST - Existence or otherwise of principal place of business - A taxpayer's registration cannot be cancelled solely on the basis of some general queries/enquiries from random persons, of which there is no record: HCHarris promises tax credit and investments to US manufacturersCBIC notifies HAG benefits to 22 IRS officersNukes may deflect asteroid threatening earth: ScientistsAfter Iranian death threat, Trump says Iran should be torn into piecesIndia, Australia working to strengthen ECTA through CECA: GoyalUS Intel suggests Russia has secret war drones factory in ChinaSurvey reveals 31% Indians now use e-com platforms for ordering groceryIndia's coal imports see marginal increase amid surge in Power Generation
 
Page 100
New Delhi, April 22, 2018
When on date of DPC there was no criminal case pending against officer, promotion cannot be denied merely on ground that CBI had recommended penalty in DA case: HC
 
Chennai, April 21, 2018
Cus - Post 08.04.2011, in view of amendments by FA, 2011 to sections 2,17 and 27 of Customs Act, 1962, there is no necessity to challenge an assessment order while seeking refund: CESTAT
 
Mumbai, April 20, 2018
CX - Too late for Revenue to complain that there is non-compliance by Settlement Commission with mandatory provisions of law: High Court
 
Chennai, April 20, 2018
I-T- TRO cannot suo moto assume powers under Indian Contract Act, 1872 to declare a transaction of sale to be void without approaching civil court: HC
 
Mumbai, April 20, 2018
I-T - Expenses incurred for purely business purposes not being incurred on employees, would not attract Fringe Benefit Tax: HC
 
Mumbai, April 20, 2018
CX - General practice amongst masses to not consider trading as an 'exempted service' till amendment was made in CCR - assessee had no malafide intention to avail undue benefit: CESTAT
 
Vizag, April 20, 2018
I-T - Mere projection of profit statement found in loose sheets from taxpayer's premises, is no basis for levying penalty in his hands: ITAT
 
Bangalore, April 20, 2018
CX - Assessee taking credit on rejected goods, recycling same and paying duty on clearance – alleging that credit has been availed irregularly is unsubstantiated – no question of double duty : CESTAT
 
Chennai, April 20, 2018
I-T - Payments made to founder or relative of trust, if credited to trust's account immediately without taking any undue benefit from it, will not upset exemption benefit u/s 11: ITAT
 
Mumbai, April 20, 2018
CX – Mere reiteration of order of penalty imposed by original authority, who had jurisdiction, by first appellate authority, who lacked jurisdiction, does not cause grievance to appellant at that stage: CESTAT
 
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