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
 
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New Delhi, April 03, 2018
I-T - TV channels are liable to withhold tax on commission paid to advertisement agencies for securing business for them: SC
 
Ernakulam, April 03, 2018
I-T - Deemed dividend is different from 'dividends' u/s 115(O) and assessee cannot claim exemption u/s 10(34) as no additional income tax was paid: HC
 
New Delhi, April 03, 2018
I-T - Bona fide family settlements worked out to maintain peace & harmony within family are valid and hence, binding on tax authorities: ITAT
 
Mumbai, April 03, 2018
Cus - Requirement in law of issuance of SCN, being not fulfilled, Court does not think that it should relegate petitioner to any alternate remedy to challenge impugned order: HC
 
Chandigarh, April 03, 2018
I-T - Benefit of Sec 80IC deduction is available to eco-tourism unit including Hotels: ITAT
 
Chandigarh, April 03, 2018
ST - Interpretation by petitioner, as argued, if upheld, would have catastrophic effects: HC
 
Patna, April 02, 2018
I-T - When assessee is State Govt Department engaged in development of rural India, it is not fair on part of Revenue to attach bank account for deposit of TDS in wrong manner: HC
 
Mumbai, April 02, 2018
CX - SCN is vague and deficient, hence not maintainable - Appeal allowed:CESTAT
 
Ernakulam, March 30, 2018
I-T - Deduction u/s 80HHC accidently allowed to manufacturer in absence of certificate from export house, can be rectified by resorting to reopening: HC
 
Mumbai, March 30, 2018
CX – Automatic Colour Dispensing machine given on lease to authorized dealers and service tax paid on lease rent – Repair and maintenance service of such ADM becomes an input service: CESTAT
 
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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.