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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Shimla, August 28, 2017
Income tax - When AO expresses opinion against objections raised against Sec 147 proceedings, it is to be seen as AO exceeding his jurisdiction, rules HC
 
New Delhi, August 28, 2017
NDPS - Appellant's conviction on solitary statement of IO who is interested in success of his case cannot be sustained: High Court
 
New Delhi, August 28, 2017
ST - AI to pay service tax under Franchisee service for amounts received from MTIL for publication of in-flight magazine Swagat: CESTAT
 
New Delhi, August 28, 2017
Income Tax - Loan entries are generally masked to pump in black money into banking channel and such practices continue to plague Indian economy; Sec 68 additions upheld by Delhi HC
 
New Delhi, August 28, 2017
ST - When there is a bonafide doubt based on interpretation of legal provisions, question of suppression and willful mis-statement cannot be sustained: CESTAT by Majority
 
Chennai, August 28, 2017
CX - Issue agitated by petitioner is purely factual and verification exercise cannot be done in a writ petition especially when petitioner has an effective alternate remedy by way of appeal: HC
 
New Delhi, August 27, 2017
SC directs Govt to install CCTV Cameras in ITAT, CESTAT & all Subordinate Courts across India
 
Chennai, August 26, 2017
I-T - If assessee is registered for Sec 11 benefits and also claims depreciation, it does not amount to double benefits, rules HC
 
Chennai, August 26, 2017
CX - Process of labeling imported retail biscuit packets does not amount to manufacture: High Court
 
Mumbai, August 26, 2017
CX - As none of restrictions u/r 7 of CCR are attracted, appellant is entitled to transfer credit from their Wagholi unit to Kanhe unit: CESTAT
 
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TIOL Tube brings you an interview with former US Secretary of Treasury, Mr. Larry Summers who was recently in Delhi.

AR not Afar by SK Rahman



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.