News Update

CBIC revises tariff value of edible oils, gold & silverFormer IPS officer Sanjiv Bhatt jailed for 20 yrs for planting drugs to frame lawyerCentre receives Rs 18.5 lakh crore tax revenue upto Feb monthUN says Households waste across world is now at least one billion meals a dayExpert Committee on developing GIFT IFSC as 'Global Finance and Accounting Hub' submits report to IFSCAIndia, China hold fresh dialogue for complete disengagement on Western borders: MEADefence Production issues notification for re-organisation of DGQAThakur says India is prepared for 2036 OlympicsCBDT substitutes Form in ITR-5EV Revolution: Lessons for India to learn from US and China!London court green-signals auction of luxury apartment of fugitive Nirav ModiGovt consults RBI; finalises borrowing plan for first half of FY 2024-25Gadkari says Farmers’ protest is politically-motivatedVP calls upon women entrepreneurs to be 'Vocal for Local'America offers USD 10 mn bounty for information on ‘Blackcat’ hackers after UnitedHealth gets hitI-T- The order of the ITSC can only be reopened in cases of fraud or misrepresentation: HC8 persons including Hezbollah militants killed in Israeli strike on LebanonMacron pillories EU-South Africa trade deal; calls it ‘really bad’ in BrazilThailand’s Lower House okays Bill to legitimise same-sex marriageYellen warns China against clean energy dumpingMilky Way’s central black hole - Twisted magnetic field observedCus - Assessee has not proved beyond reasonable doubt that goods in question imported under air way bills/bills of entry were in fact filed by him and hence the only natural corollary available to Revenue is confiscation of same: CESTATSmall investors help Trump Media’s valuation skyrocket to USD 13 billionJustice Ritu Raj Awasthi joins as Judicial member of Lokpal
 
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New Delhi, February 06, 2018
CX - Once it is accepted that place of removal is factory premises of assessee, outward transportation 'from said place' would clearly amount to input service: SC
 
Ahmedabad, February 06, 2018
I-T - Reopening proceedings against deceased persons can only be intiated through their legal heirs, and not in the name of deceased: HC
 
New Delhi, February 06, 2018
ST - Person who is alleging should establish fact: CESTAT
 
Mumbai, February 05, 2018
ST - BAS -Doctrine of mutuality - fact whether so-called group companies are related companies or otherwise needs ascertainment: - matter remanded: CESTAT
 
New Delhi, February 05, 2018
I-T - Coaching institutes cannot avail relaxation from discharging TDS liability on payments made to their faculties, unless it is proved that faculties are mere franchisees: ITAT
 
New Delhi, February 05, 2018
ST - Bunk-house accommodation is created at site, therefore, there is no 'supply of bunk-house' to be called supply of tangible goods: CESTAT
 
Mumbai, February 02, 2018
ST – Domestic tax should not be carried outside country: CESTAT
 
Kolkata, February 02, 2018
I-T - Commencement of charitable activity is no basis for according approval to registration u/s 12AA, if objects of concerned trust are proved to be charitable in nature: ITAT
 
New Delhi, February 01, 2018
CX - Cenvat Credit on GTA service availed for transport of goods from place of removal to buyer's premises is not admissible w.e.f 01.04.2008 - Revenue wins: SC
 
Mumbai, February 01, 2018
CX - Renting of Immovable property service and Telephone services can be exclusively identified as used wholly by one unit - mischief of Rule 7(c) of CCR, 2004 attracted: CESTAT
 
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