News Update

Former IPS officer Sanjiv Bhatt jailed for 20 yrs for planing drugs to frame lawyerCentre receives Rs 18.5 lakh crore tax revenue upto Feb monthUN says Households waste across world is now at least one billion meals a dayExpert Committee on developing GIFT IFSC as 'Global Finance and Accounting Hub' submits report to IFSCAIndia, China hold fresh dialogue for complete disengagement on Western borders: MEADefence Production issues notification for re-organisation of DGQAThakur says India is prepared for 2036 OlympicsCBDT substitutes Form in ITR-5EV Revolution: Lessons for India to learn from US and China!London court green-signals auction of luxury apartment of fugitive Nirav ModiGovt consults RBI; finalises borrowing plan for first half of FY 2024-25Gadkari says Farmers’ protest is politically-motivatedVP calls upon women entrepreneurs to be 'Vocal for Local'America offers USD 10 mn bounty for information on ‘Blackcat’ hackers after UnitedHealth gets hitI-T- The order of the ITSC can only be reopened in cases of fraud or misrepresentation: HC8 persons including Hezbollah militants killed in Israeli strike on LebanonMacron pillories EU-South Africa trade deal; calls it ‘really bad’ in BrazilThailand’s Lower House okays Bill to legitimise same-sex marriageYellen warns China against clean energy dumpingMilky Way’s central black hole - Twisted magnetic field observedCus - Assessee has not proved beyond reasonable doubt that goods in question imported under air way bills/bills of entry were in fact filed by him and hence the only natural corollary available to Revenue is confiscation of same: CESTATSmall investors help Trump Media’s valuation skyrocket to USD 13 billionJustice Ritu Raj Awasthi joins as Judicial member of Lokpal
 
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Chennai, February 23, 2017
Extension of six months period under proviso to Sec 110(2) - Date of detention is not relevant : HC
 
New Delhi, February 23, 2017
I-T - No penalty is automatically leviable for declaring higher income in return filed u/s 153A than what was filed originaly u/s 139(1)
 
Mumbai, February 23, 2017
ST - Since borrower does not have either product or service to place in market, services not falling under BAS: CESTAT
 
Mumbai, February 22, 2017
Cus - Artificial Grass Turf for laying football ground - benefit of Notification 146/94-Cus which specifically talks about exemption to sports requisites not considered by lower authorities - matter remanded: CESTAT
 
New Delhi, February 22, 2017
Central Excise - CESTAT cannot reduce mandatory penalty: Supreme Court
 
Kolkata, February 22, 2017
I-T - No additions warranted on gross value of cash deposits which represents turnover, if it did not breach profit limit prescribed u/s 44AD: ITAT
 
Mumbai, February 22, 2017
ST -Collection of data on consumption of electricity by MSEDCL customers by taking photos of meter reading for generation of bills is taxable under BAS: CESTAT
 
New Delhi, February 21, 2017
Anti Dumping - Writ Petition against final findings of Designated Authority: High Court was not justified in exercising its writ jurisdiction: SC
 
Mumbai, February 21, 2017
ST - Tribunal is barred from rendering finding or recording an order on matter in which appellant has not placed itself within Tribunal's appellate jurisdiction: CESTAT
 
Pune, February 21, 2017
I-T - No penalty is leviable, if basis of addition itself ceases to survive: ITAT
 
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