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 217
Mumbai, April 19, 2017
Cus - 'External' Hard Disks are classifiable under Heading 84717020 & entitled for benefit of notification 6/2011-CE, 12/2012-CE: CESTAT
 
New Delhi, April 18, 2017
I-T - Whether when assessee had availed benefit of setting off accumulated losses of amalgamating company, waiver of interest on loans taken from FIs is to be treated as taxable income u/s 41(1) - YES: SC
 
New Delhi, April 18, 2017
I-T - Whether fact of purchase of helicopter by individual through company a/c is sufficient to infer that such transactions were at behest of individual who had controlling voice in said company - YES: HC
 
New Delhi, April 18, 2017
Customs - Appeal to Supreme Court from CESTAT - duty of determining correctness of questions relating to rate of duty or classification of goods has been primarily cast by Act on Tribunal: Supreme Court
 
Ahmedabad, April 18, 2017
I-T - No assessee can claim 'compounding of offence' repeatedly committed by not filing return before due date, as matter of right: HC
 
Mumbai, April 18, 2017
CX - Once Dept. has assessed Sales Tax as paid, CE dept. cannot contend that since State Govt has remitted amount as incentive, Sales Tax was not paid: CESTAT
 
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
 
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Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.