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 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.