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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Mumbai, March 08, 2018
Cus - Principles of natural justice would also include a right to cross-examination: High Court
 
Hyderabad, March 07, 2018
I-T - assessment cannot be reopened merely because taxable income eluded assessment due to oversight or mistake by AO: High Court
 
New Delhi, March 07, 2018
RTI Act - DGIT (Investigation) is an intelligence agency; information sourced from it is exempt from disclosure under RTI Act: HC
 
Chennai, March 07, 2018
I-T - Armour of natural justice will not rescue Assessee, if he himself is disobedient in responding to reopening notices & summons issued by Department: HC
 
Ahmedabad, March 07, 2018
CX - Corrigendum is not a piece of legislation, cannot be applied retrospectively: High Court
 
Mumbai, March 07, 2018
CX - Rule 21 of CER, 2002 - Insurance payment is no proof of accidental occurrence which is a necessary statutory pre-requisite for grant of remission: CESTAT
 
Chennai, March 07, 2018
Cus - Court cannot shut its eyes to delay in adjudication of SCN and delay in disposing Appeal Petition - inordinate delay is unreasonable-order set aside: HC
 
New Delhi, March 06, 2018
VAT - Exigibility to tax does not depend on State to prescribe uniform rate of tax for goods used in executing works contracts: SC
 
New Delhi, March 06, 2018
I-T - Self-disclosure of additional income during Survey will not absolve assessee of penal provisions if sources are not explained: HC
 
Jaipur, March 06, 2018
CX - Judicial discipline is required to be maintained - Tribunal cannot distinguish High Court judgments: HC
 
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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.