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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New Delhi, September 11, 2017
I-T - Sec 11 benefits not to be denied merely because assessee has both religious-cum-charitable objectives for society at large and not for a particular community: HC
 
New Delhi, September 11, 2017
I-T - When ITO, Investigation, is not authorised u/s 131(1A), reports issued by him on basis of Tax Evasion Petitions of previous years, cannot form reasons for reopening: Delhi HC
 
New Delhi, September 11, 2017
Setback for IRS officer; HC rules no financial support merely because his foreign education leave was sanctioned and he meets eligibility criteria
 
New Delhi, September 11, 2017
ST - Appellant getting eminent speakers for their annual summit through agency abroad - foreign agents are event managers - ST payable under reverse charge: CESTAT
 
New Delhi, September 11, 2017
Cus–Notfn. 158/95-Cus - Nowhere it is mentioned that appellant is required to seek extension of time within six months from date of re-importation: CESTAT
 
New Delhi, September 10, 2017
CX - Raw materials found short - no cause for demanding duty as appellant is not manufacturer of Copper Ingots, moreso since no CENVAT availed, no reversal of credit required: CESTAT
 
Mumbai, September 09, 2017
Cus – There should be fair trial to find truth since trial is voyage to discover truth & render justice – highhandedness of officers who acted whimsically to deny second test deprecated: CESTAT
 
Chennai, September 08, 2017
ST - Charges collected from a/c holders for cheque return, Minimum balance violation & non-maintenance of average balance are not penalties - rightly chargeable to tax: CESTAT
 
Kolkata, September 08, 2017
I-T - Deductions allowable under Ss 10A & 10AA should be computed at stage of aggregation of 'gross income' and not 'total income': ITAT
 
Mumbai, September 08, 2017
ST – Respondent is only providing platform for facilitating e-commerce trading facility – not OIDAR: CESTAT
 
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