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, January 28, 2018
CX - Counsel is interested in lingering on case and generate his fee for appearance from milky cow, a PSU: CESTAT
 
Ernakulam, January 27, 2018
I-T - Evacuation of land for installation of wind turbine generators does not amount to act of improvement of land and, hence, administrative charges are not revenue expenditure': HC
 
Ernakulam, January 25, 2018
I-T - If refund of advance tax is made but re-assessment leads to determination of escapement of income, such a situation does not warrant levy of interest u/s 234: HC
 
Mumbai, January 25, 2018
I-T - Admission of bogus purchases to inflate work in progress during search necessarily invites imposition of penalty: ITAT
 
Mumbai, January 25, 2018
ST - A restricted remand was not sought by appellant as erroneously understood by Tribunal : High Court
 
New Delhi, January 24, 2018
I-T - For invocation of provisions of Sec 2(22)(e), requirement of a registered shareholder who is also required to be beneficial owner, is mutually contradictory; Issue referred to Larger Bench of Supreme Court
 
New Delhi, January 24, 2018
I-T - In case of wilful non-payment of tax for a long period, assessee deserves NO sympathy if compounding fees turn out to be more than princpal amount: HC
 
New Delhi, January 24, 2018
I-T - For purpose of Gift, term 'relative' defined u/s 56(2)(vii) does not take HUF under its sweep: ITAT
 
Mumbai, January 24, 2018
Cus - Revenue must blame itself if it has not conducted proceedings before CCESC in manner demanded by statute or its report or its conduct of proceedings was deficient in any manner: HC
 
Mumbai, January 24, 2018
Cus – Unsatisfactory state of affairs–If financial position of PSU is precarious, it could not have held back dues and which were legitimate, due and payable in terms of an order: 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.