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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Mumbai, May 30, 2017
ST - Taxing goods by denying notification benefit shall make export goods non-competitive in global trade, which is contrary to basic principle of WTO: CESTAT
 
Kolkata, May 29, 2017
ST - Limitation u/s 11B is not applicable when tax paid mistakenly; Principle of unjust enrichment would not apply in case of composite contract price: CESTAT
 
New Delhi, May 29, 2017
I-T - Exemption benefit cannot be denied to educational trust simply because it had generated surpluses, if distribution of surpluses was prohibited among members even upon dissolution
 
Ahmedabad, May 29, 2017
CX - Unless malafides are writ large on conduct of party, as normal rule, delay should be condoned: High Court
 
New Delhi, May 26, 2017
I-T - Search - Whether additions can be made in relation to a particular AY without having any incriminating materials qua that AY - NO: HC
 
Mumbai, May 26, 2017
I-T - Exemption u/s 54 cannot be denied on ground that residential property was purchased outside India when requirement of making investment in property only in India was subsequently added - ITAT
 
Mumbai, May 26, 2017
Cus – CHA license - Licensing authority is not envisaged as an appellant under CHALR, 1984 - Option to appeal is specifically permitted in Regulations only to an aggrieved licensee: CESTAT
 
New Delhi, May 26, 2017
ST - Amalgamation proceedings cannot make credit availed of ST paid on royalty charges as improper: CESTAT
 
Ernakulam, May 25, 2017
I-T - Contribution made by bank towards Retired Employees Benefit Scheme cannot be allowed, if such payment is not permitted u/s 36 of I-T Act: HC
 
Ahmedabad, May 25, 2017
Cus - High Court cannot be converted into an alternative forum for time barred appeals: HC
 
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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.