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 11
Mumbai, March 11, 2019
ST - Once duty is admitted, interest cannot be detached from duty liability: CESTAT
 
New Delhi, March 09, 2019
I-T - PSF is paid to AAI by passengers and not Airlines - NO TDS obligation arises for Airlines: ITAT
 
Ahmedabad, March 09, 2019
I-T - Registration of vehicle in name of company is not sine qua non to claim depreciation on such assets: ITAT
 
Bangalore, March 08, 2019
I-T - Reduction of sales figure in sales ledger by following AS-9 accounting standard is unlawful when an entry in ledger is made according to mercantile system of accounting: ITAT
 
Mumbai, March 08, 2019
ST - Not considering written submissions filed by Revenue while passing final order is an error apparent on record: CESTAT
 
Mumbai, March 07, 2019
ST - Once issue has been decided by Tribunal in favour of appellant, same cannot be reopened by any of the authorities below: CESTAT
 
New Delhi, March 07, 2019
I-T - In absence of production of rehabilitation scheme, assessee cannot be allowed benefit of Sick Industrial Companies Act: ITAT
 
Mumbai, March 06, 2019
I-T - If assessment order contains grievous error & is subversive of Revenue's interests, it falls within ambit of erroneous order u/s 263: ITAT
 
Mumbai, March 06, 2019
ST - Delay cannot be attributed to introduction of new tax regime when fact is o-in-o was passed after nine months of GST implementation: CESTAT
 
New Delhi, March 05, 2019
I-T - Entire sum of additional sugar price paid over and above the minimum price paid to sugarcane growers is not to be treated as profit: SC Larger Bench
 
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TIOL Tube brings you an interview with former US Secretary of Treasury, Mr. Larry Summers who was recently in Delhi.

AR not Afar by SK Rahman



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.