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, June 13, 2017
I-T – Comparative differences in stock valuation due to rising turnover & prices, resulting in reduced taxable profit, is no ground for making additions: HC
 
Chennai, June 13, 2017
CX – There could be no acquiescence where issue involved pertains to jurisdiction: High Court
 
New Delhi, June 13, 2017
ST - Purchase of forex on own account and not on behalf of customer - liable to tax w.e.f 16.05.2008: CESTAT
 
New Delhi, June 13, 2017
Cus – 'Nil' rate is also rate of tax, which is payable on sale, but for exemption - SAD refund admissible: CESTAT
 
Mumbai, June 12, 2017
CX – Since no differential duty arises in denovo proceedings, pre-deposit refundable within 3 months: CESTAT
 
New Delhi, June 12, 2017
CX - Appellants cannot gain, in any manner, on basis of forged document: CESTAT
 
Allahabad, June 12, 2017
I-T - 'Non-encashment of cheques' would not save 'entries of credit' appearing in books of a/c for which no plausible explanation was furnished, from rigours of Sec 68: HC
 
Mumbai, June 12, 2017
ST - It is far-fetched to consider paymaster to be provider of any service: CESTAT
 
New Delhi, June 10, 2017
Linking Aadhaar to PAN & ITR - Validity of Sec 139AA passes muster of Articles 14 & 19; to be examined against Article 21 by Constitution Bench: Supreme Court
 
Mumbai, June 10, 2017
CX - When capital goods were cleared after substantial use, such capital goods do not remain 'as such': 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.