News Update

Cabinet okays National Centre of Excellence for Animation, Visual Effects & GamingCabinet accepts recommendations of High-Level Committee on Simultaneous ElectionsCabinet gave approval for CHANDRAYAAN-4 MissionIncome tax collections till Sept 15 up by 16%After Moon and Mars, India sights science goals on VenusCabinet approves Pradhan Mantri Janjatiya Unnat Gram AbhiyanISRO to develop launch reusable vehicle with high payloadJapan, France to ink military pact by year-endFM holds 2nd review meeting on Capex for Ministry of RailwaysCyber fraud - posing as CBI officer - Railway staffer loses Rs 9 lakhGlobal Renewable Energy Meet: Investment commitments of Rs 32.45 lakh Cr poured: JoshiTupperware finally files for bankruptcyMinistry of Ports appoints Olympian Manu Bhaker as New Brand AmbassadorCoast Guard nabs 3 Lankan boats with 3 crew membersProvisional Attachment - Precaution, Persecution, Penury?Haryana election: Drugs, liquor worth about Rs 27 Crore seizedDak Ghar Niryat Kendra expands export services with automated IGST Refund facilityTrump says he will meet PM Modi next weekCentre asks Edible Oil Associations to maintain MRP of stocks imported at 0% & 12.5% BCDChina says tariff on EVs to damage GermanyVAT - If application for certified copy is made, then Authority receiving has duty to endorse such application, and inform applicant in writing of date when such certified copy would be ready for collection: HCIndia's World Heritage tally grows to 43 with addition of Moidams from AssamBlackRock, Microsoft to float USD 30 bn fund for AI InfrastructureCX - The refund cannot be rejected even if higher duty has been paid than what was payable because the refund is eligible for amount of duty paid by appellant: CESTATChief of Integrated Defence Staff to attend Indo-Pacific conference in HawaiiCus - If a speaking order was not passed within 15 days, the assessing officer cannot now be granted any extension to pass a speaking order: CESTATUN body says ozone layer is healing nowI-T - Information received from Investigating Unit of Revenue cannot be sole basis for forming belief that income of assessee has escaped assessment: HCScourge of wildfires engulf Portugal; 3 fire-fighters dieI-T - Revenue must condone delay in filing the Form 10B i.e. Audit Report so as to enable assessee trust to get exemption u/s 11, in case of genuine hardship in delay in submitting Form 10B: HC9 killed & 2800 injured as electronic pagers made in Taiwan, used by Hezbollah, simultaneously explode in Lebanon; Israeli hand suspectedIndia’s exports down by 9% to USD 34.7 bn in AugustElection credibility in worst decline in years: Institute for Democracy StudyNo demolition without SC permission, rules SCCleanliness has now become a people's movement: Piyush GoyalAdvancing Rulings - Buyer Beware!The Delay DynamicsGST needs Poland's 'split payment' regime
 
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Ahmedabad, September 15, 2017
I-T - Mere allotment of PAN would not make PAN-holder necessarily separate entity for purpose of assessment to tax: HC
 
Ahmedabad, September 15, 2017
I-T - When assessee has filed settlement applications for several AYs but only partly paid additional tax with interest, only those proceedings before Commission would abate for which no payment of tax was made: HC
 
Ahmedabad, September 15, 2017
I-T - Acceptance of return without scrutiny, will not debar AO from reopening same, if there is live link with formation of belief that income had escaped assessment: HC
 
Mumbai, September 15, 2017
CX - Issuing fake or forged gate passes - Respondent not having physically dealt with excisable goods penalty u/r 209A cannot be invoked: HC
 
Mumbai, September 15, 2017
Cus - It is well settled that where one party leads evidence of witness, opposing side has right to cross examine that witness: HC
 
Mumbai, September 14, 2017
ST - 'Merger and Acquisition' is highly technical and a restrictive term and cannot be covered within definition of 'Management Consultant': HC
 
Mumbai, September 14, 2017
I-T - Leasing out of plant to seller, after claiming depreciation on same during first year of purchase, is no colourable device, if lease rental are subjected to tax: HC
 
Mumbai, September 14, 2017
ST - OIDAR - Impugned order has not established the appellant to be recipient of service : CESTAT
 
Mumbai, September 14, 2017
ST - Ultimate ownership remained with appellant who paid ST on Sale of space for ads - CENVAT admissible on DCE: CESTAT
 
Mumbai, September 14, 2017
Cus - Whether 'recognition' is equivalent to 'registration’ - Revenue to cause enquiry from Dept. of Science: CESTAT
 
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Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.