News Update

GST - Penalty demand of Rs.3731 crores - A person who would fall within the purview of sub-section (1-A) of s.122 should necessarily be a taxable person who retains the benefits of transactions: HCGST - Threatening and pressurising petitioner who is merely an employee - Highly unconscionable and disproportionate on the part of the officer: HCGST - Same relief was claimed in earlier petition which was withdrawn unconditionally - Fresh petition seeking same relief is barred by the estoppel principle: HCIncome tax hands over Rs 1700 Cr tax demand to Congress PartyGST - Neither SCN nor the order spell out the reasons for retrospective cancellation of registration, hence cannot be sustained: HCStage-2 of Vikram-1 orbital rocket successfully test-firedGST - Non-application of mind - If reply was unsatisfactory, details could have been sought - Record does not reflect that such exercise was done - Matter remitted: HCHouthis claim UK has not capability to intercept their hypersonic missilesGST - Merely because a taxpayer has not filed returns for some period does not mean that registration is required to be cancelled with retrospective date also covering the period when returns were filed and taxpayer was compliant: HCIsraeli forces kill 200 Palestinians at Gaza medical complex & arrest over 1000GST - Petitioner's reply, although terse, is not taken into account while passing assessment orders - Petitioner put on terms, another opportunity provided: HCUnveil One Nation; One Debt Code; One Compliance Rule for Centre & StatesChina moves WTO against US tax subsidies for EVs & renewable energyMore on non-doms - The UK Spring Budget 2024 (See TII Edit)Notorious history-sheeter Mukhtar Ansari succumbs to cardiac arrest in UP jailTraining Program for Cambodian civil servants commences at MussoorieNY imposes USD 15 congestion taxCBIC revises tariff value of edible oils, gold & silver45 killed as bus races into ravine in South AfricaCBIC directs all Customs offices to remain open on Saturday & SundayBankman-Fried jailed for 25 yrs in FTX scamI-T- Once the citizen deposits the tax upon coming to know of his liability, it cannot be said that he has deliberately or willfully evaded the depositing of tax and interest in terms of Section 234A can be waived: HCHouthis attack continues in Red Sea; US military shoots down 4 dronesFederal Govt hands out USD 60 mn to rebuild collapsed bridge in BaltimoreI-T - Receipts of sale of scrap being part & parcel of activity and being proximate thereto would also be within ambit of gains derived from industrial undertaking for purpose of computing deduction u/s 80-IB: HCCanadian School Boards sue social media titans for 4 bn Canadian dollar in damagesFormer IPS officer Sanjiv Bhatt jailed for 20 yrs for planting drugs to frame lawyerCus - No Cess is payable when Basic Customs Duty is found to be Nil: CESTAT
 
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Mumbai, April 18, 2017
Cus - Export of infringed copies of books is not prohibited under any law - Goods not liable for confiscation, no penalty: CESTAT
 
Hyderabad, April 17, 2017
I-T - Income derived by Primary Agricultural Co-operative Credit Society, by way of interest on FDs made with nationalized banks, is allowable business income: HC
 
Mumbai, April 17, 2017
ST - As per MPCB norms, Maintenance of sewage treatment plant and garden is a statutory requirement for operating Port - are Input services : CESTAT
 
Chennai, April 15, 2017
ST - After expiry of more than six years, appellant cannot be permitted to challenge order-in-original via Writ appeal: High Court
 
Mumbai, April 14, 2017
ST - Broadcasting services rendered in State of J&K - no justification for invoking rule 6 (3) of CCR, 2004 to disallow any portion of availed credit: CESTAT
 
Chandigarh, April 14, 2017
I-T - No capital gains tax can be attached in respect of land sold under JDA, if no consideration was received and JDA stood cancelled
 
Mumbai, April 14, 2017
Cus - Conclusion that revocation of CHA licence for two years was sufficient punishment cannot be termed as perverse: HC
 
Mumbai, April 14, 2017
ST - VCES, 2013 - Claim of CENVAT Credit crystallizes only when assessee files return - total liability cannot be reduced by alleged credit entitlement: CESTAT
 
Mumbai, April 14, 2017
CX - Mandatory pre-deposit is applicable even in those cases where proceedings have been initiated prior to enactment: CESTAT
 
New Delhi, April 13, 2017
Cus - Judicial Discipline demands that if Bench of Tribunal does not agree with decision of another Bench, correct course of action would have been to seek views of larger Bench: Supreme Court
 
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