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 13
New Delhi, March 02, 2019
I-T - Motilal Pesticides case overruled; Sec 80HH benefits allowable on basis of gross profits & gains: SC Larger Bench
 
New Delhi, March 01, 2019
I-T - If assessee chooses favourable time to seek rectification after long wait when Tribunal Members were not available to entertain its application, such conduct amounts to forum-shopping: HC
 
New Delhi, March 01, 2019
NDPS - If petitioner has no statutory right to file appeal, issuing directions to provide same under Art.226 would not arise: HC
 
New Delhi, March 01, 2019
CX - Rule 12B of CER - Not. 35/2003-CX - Appellants' liability is in respect of entire aggregate value of clearances: SC
 
New Delhi, March 01, 2019
Cus - Export Obligation Discharge Certificate-Filing of Bill of Exports is not a mere formality: HC
 
New Delhi, March 01, 2019
I-T - Revisionary powers cannot be exercised if AO has made ample enquiries on issue before framing order u/s 143(3): ITAT
 
Chennai, February 28, 2019
I-T - AO is obliged to examine financial stringency of & irreparable injury to assessee when disposing off stay petition: HC
 
New Delhi, February 28, 2019
I-T - CSR expenses incurred prior to April 1, 2015 are allowable as amendment vide Explanation 2 by Finance Act, 2014 are prospective in nature: ITAT
 
Kochi, February 28, 2019
I-T - Merely by signing JDA, capital gains provisions do not get attracted as assessee did not receive any consideration: ITAT
 
New Delhi, February 28, 2019
CX - Clandestine removal of manufactured goods in garb of trading - authenticity of records maintained and submitted to govt. authorities cannot be doubted unless and until proved otherwise: 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.