News Update

Income tax hands over Rs 1700 Cr tax demand to Congress PartyGST - Neither SCN nor the order spell out the reasons for retrospective cancellation of registration, hence cannot be sustained: HCStage-2 of Vikram-1 orbital rocket successfully test-firedGST - Non-application of mind - If reply was unsatisfactory, details could have been sought - Record does not reflect that such exercise was done - Matter remitted: HCHouthis claim UK has not capability to intercept their hypersonic missilesGST - Merely because a taxpayer has not filed returns for some period does not mean that registration is required to be cancelled with retrospective date also covering the period when returns were filed and taxpayer was compliant: HCIsraeli forces kill 200 Palestinians at Gaza medical complex & arrest over 1000GST - Petitioner's reply, although terse, is not taken into account while passing assessment orders - Petitioner put on terms, another opportunity provided: HCUnveil One Nation; One Debt Code; One Compliance Rule for Centre & StatesChina moves WTO against US tax subsidies for EVs & renewable energyMore on non-doms - The UK Spring Budget 2024 (See TII Edit)Notorious history-sheeter Mukhtar Ansari succumbs to cardiac arrest in UP jailTraining Program for Cambodian civil servants commences at MussoorieNY imposes USD 15 congestion taxCBIC revises tariff value of edible oils, gold & silver45 killed as bus races into ravine in South AfricaCBIC directs all Customs offices to remain open on Saturday & SundayBankman-Fried jailed for 25 yrs in FTX scamI-T- Once the citizen deposits the tax upon coming to know of his liability, it cannot be said that he has deliberately or willfully evaded the depositing of tax and interest in terms of Section 234A can be waived: HCHouthis attack continues in Red Sea; US military shoots down 4 dronesFederal Govt hands out USD 60 mn to rebuild collapsed bridge in BaltimoreI-T - Receipts of sale of scrap being part & parcel of activity and being proximate thereto would also be within ambit of gains derived from industrial undertaking for purpose of computing deduction u/s 80-IB: HCCanadian School Boards sue social media titans for 4 bn Canadian dollar in damagesFormer IPS officer Sanjiv Bhatt jailed for 20 yrs for planting drugs to frame lawyerCus - No Cess is payable when Basic Customs Duty is found to be Nil: CESTAT
 
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Mumbai, October 13, 2017
ST – Tribunal has oversimplified matter - Respondent has not established that incidence of service tax has not been passed by its client to any other person: High Court
 
New Delhi, October 13, 2017
I-T - Department cannot proceed with assessment u/s 153C, if they themselves have become dormant for more than six years after initiating search: ITAT
 
Mumbai, October 13, 2017
CX – If case of appellant is that some of submissions actually made were not recorded and not dealt with, remedy available was before Appellate Tribunal: High Court
 
Mumbai, October 13, 2017
ST – Service performed by M/s. Schiffko GMBH, Germany at Russia on respondent's behalf and no part of such service was performed in India - in terms of Rule 3 (ii) of Rules, 2006, service is not taxable: CESTAT
 
Mumbai, October 13, 2017
CX - Expression 'or for any other reason' used in Rule 16 of CER, 2002 is of wider connotation and cannot be governed by principle of ejusdem generis : CESTAT
 
Allahabad, October 12, 2017
Income Tax - Rule 8D(1)(b) comes into play only after AO records his non-satisfaction about assessee's claim: HC
 
Mumbai, October 12, 2017
I-T - Capital gains - An asset once treated as part of 'block of assets' will always remain a part of the block even if it ceases to be put to use for business in some previous years: HC
 
Mumbai, October 12, 2017
CX - Newsprint is defined as paper 'intended' for printing of newspaper - it is not necessary that such paper should be 'compulsorily' used for printing of newspaper: CESTAT
 
Mumbai, October 12, 2017
ST - Appellant in ST-3 declared the amount of PF and ESI on which no tax was shown to have been paid under the belief that reimbursement is not taxable - Demand time barred: CESTAT
 
New Delhi, October 11, 2017
Entry Tax - There is no clash between Entry 52 of State List and Entry 83 of Union List relating to Customs in Constitution of India: Supreme Court
 
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