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
 
Page 202
Mumbai, June 09, 2017
ST - Respondent purchased land/ TDR and sold for a profit - not taxable under 'real estate agent' or 'real estate consultant' services: CESTAT
 
Kolkata, June 09, 2017
I-T - Compensation received on account of power generation loss, is eligible for deduction u/s 80-IA: ITAT
 
New Delhi, June 09, 2017
CX - SSI - Revenue has not adduced any evidence to show that goods are 'not' branded – axiomatic that such clearances are excludible: CESTAT
 
Mumbai, June 09, 2017
Cus - Gazette is a public document and restriction imposed was in public domain – importing offending goods without permit is smuggling: CESTAT
 
Kolkata, June 08, 2017
I-T - Assessee is eligible for deduction u/s 80IA, if he is a developer and not 'works contractor': ITAT
 
New Delhi, June 08, 2017
ST - Construction of Complex Services - Common area and common shared facilities should be with reference to approved layout: CESTAT
 
Mumbai, June 08, 2017
CX - Notfn. 6/2002-CE - plea that if benefit is not given, purpose of such exemption is defeated, is untenable: CESTAT
 
Mumbai, June 08, 2017
Cus – Appellant cannot be allowed to keep an advantage which he obtained by fraud : CESTAT
 
Jaipur, June 07, 2017
I-T - Merely because assessee neither sought for material in possession of AO nor objected to initiation of proceedings u/s 147, is no reason to conclude that assessee has waived its rights: ITAT
 
Hyderabad, June 07, 2017
ST – Recovery of Interest - sub-section (1B) added to Section 73 w.e.f. 14.05.2015 is not clarificatory : CESTAT
 
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