News Update

Former IPS officer Sanjiv Bhatt jailed for 20 yrs for planing 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, November 24, 2017
PMLA - Section 45 - Grant of bail depending upon a circumstance, which have nothing to do with offence of money laundering, violate both Articles 14 and 21 of Constitution: SC
 
Chennai, November 24, 2017
I-T - Department should not deny waiver of interest claimed u/s 220(2A), merely because they have discharged their statutory obligation of interest u/s 244(1A) to Assessee: HC
 
Ahmedabad, November 24, 2017
Cus - When facts are gross, to ensure refund of amount years later without interest would be doing injustice: HC
 
Mumbai, November 24, 2017
Cus - SCN was to finalise assessment only without any proposal to levy anti-dumping duty, therefore, order imposing ADD is without any basis: CESTAT
 
Mumbai, November 24, 2017
ST - Except training or coaching falling in exclusion category, all training or coaching falls under definition of Commercial training or Coaching service: CESTAT
 
New Delhi, November 23, 2017
Seizure of Gold - redemption fine in lieu of confiscation - it is date of giving option which is relevant for adjudging fine and not date of seizure: SC
 
Nainital, November 23, 2017
I-T - After amendment of 1989 AO is empowered to reopen assessment when order is reasoned and assessee is free to challenge it: HC
 
New Delhi, November 23, 2017
I-T - Non-recognition of vocational courses by any Board of education, is no basis to deny exemption u/s 11 to those who teach such courses to poor women: ITAT
 
New Delhi, November 23, 2017
ST - Valuation Rules, 2006 were not for exempting any portion of value, which is otherwise taxable under Section 67 of FA, 1994: CESTAT
 
New Delhi, November 23, 2017
CX – Since principal manufacturer, after receipt of goods from appellant did not clear his final products on payment of duty, benefit of job work notification No. 214/86 will not be available to appellant: CESTAT
 
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