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World Energy Congress 2024: IREDA CMD highlights need for Innovative Financing Solutions Voter turnout surpasses 50% by 4 PM in Phase 2 polls ST - Amendment made to FA, 1994 on 14.05.2015 making service tax applicable retrospectively on chit-fund business is only prospective - Refund payable of tax paid between 01.07.2012 to 13.05.2015: HC XI tells Blinken - China, US ought to be partners, not rivals ST - SVLDRS, 2019 - Amnesty Scheme, being of the nature of an exemption from the requirement to pay the actual tax due to the government, have to be considered strictly in favour of the revenue: HC CX - Issue involved is valuation of goods u/r 10A of CE Valuation Rules, 2000 - Appeal lies before Supreme Court: HC Cus - Smuggling - A person carrying any article on his belonging would be presumed to be aware of the contents of the articles being carried by him: HC Cus - Penalty that could be imposed for smuggling 3.2 kg of gold was Rs.88.40 lakhs, being the value of gold, but what is imposed is Rs.10 lakhs - Penalty not at all disproportionate: HC Cus - Keeping in mind the balance of convenience and irreparable injury which may be caused to Revenue, importer to continue indemnity bond of 115 crore and possession of confiscated diamonds to remain with department: HC Cus - OIA was passed in October 2022 remanding the matter to adjudicating authority but matter not yet disposed of - Six weeks' time granted to dispose proceedings: HC I-T - High Court need not intervene in matter involving factual issues; petitioner may utilise option of appeal: HC China asks Blinken to select between cooperation or confrontation I-T - Unexplained cash credit - additions u/s 68 unsustainable where based on conjecture & surmise alone: ITAT Honda to set up USD 11 bn EV plant in Canada Imran Khan banned from flaying State Institutions I-T - Income from sale of flats cannot be computed in assessee's hands, where legal possession of flats had not been handed over to buyers in that particular AY: ITAT Pro-Palestine demonstration spreads across US universities; 100 arrested I-T - Investment activities in venture capital which are not covered in negative list under Schedule III to SEBI Regulations, qualifies for deduction u/s 10(23FB): ITAT NATO asks China to stop backing Russia if keen to forge close ties with West NY top court quashes conviction of Harvey Weinstein in rape case


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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

New Delhi, September 08, 2017 CX - If Sett. Comm. opines that dispute cannot be settled, it has absolute discretion to refer matter to AA: HC

Hyderabad, September 08, 2017 Cus - No samples were drawn by authorities and no analysis was done at CRCL - classification cannot be changed: CESTAT

Mumbai, September 07, 2017 NDPS � No prejudice caused if Advocate is permitted to remain present at safe distance but not within hearing distance, during interrogation: HC

Ahmedabad, September 07, 2017 I-T - When assessee pays interest on borrowings & also earns taxable interest on investments, interest expenditure is to be treated as one and it is to be net of interest paid minus interest earned: HC

New Delhi, September 07, 2017 I-T - Mere complaint in form of 'Tax Evasion Petition' will not constitute 'tangible material' for reopening: HC

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