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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Ahmedabad, September 20, 2017
I-T - Interest income earned by co-operative society from keeping surplus funds in banks, will not qualify for deduction u/s 80P: ITAT
 
Bangalore, September 20, 2017
ST – VCES, 2013 application could not have been rejected without following the principles of natural justice: High Court
 
New Delhi, September 19, 2017
PMLA – Economic offences need to be dealt with heavy hand - releasing accused on bail will affect community at large and also jeopardize economy of country- application dismissed: HC
 
Allahabad, September 19, 2017
I-T- Industrial undertaking formed by transfer of used plant & machinery, cannot claim deduction u/s 80IB(2): HC
 
Mumbai, September 19, 2017
CX - Incentive scheme is executive instructions of Ministry of Food and thus it could not override provisions of S. 11D of CESA, 1944, enacted by Parliament : HC
 
Bangalore, September 19, 2017
ST - Since litigation was going on, therefore, amount deposited by appellant will be deemed to be Under Protest and no limitation as prescribed u/s 11B will be applicable: CESTAT
 
Ernakulam, September 18, 2017
I-T - For availing benefits u/s 80IA(4) it is not necessary that airport should already be operational and agreement with AAI should be entered into thereafter: HC
 
Allahabad, September 18, 2017
I-T - 'Date of filing application' has no relevance for determining 'date of operation' of Registration u/s 12AA: HC
 
Mumbai, September 18, 2017
Assessee procures orders from Indian Cos & pass them to foreign manufacturers with whom they have agreement for receiving commission on orders - act is Export of service & does not invite ST liability: HC
 
Mumbai, September 18, 2017
Cus –Tribunal has neither revisionary nor review power - It has no jurisdiction to review own order or order by coordinate bench long ago: CESTAT
 
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Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.