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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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
 
Mumbai, February 21, 2017
CX - SSI notfn. 8/2001 - Intent to take advantage of recognition enjoyed by another brand is critical to invoking of exception provision: CESTAT
 
Vizag, February 20, 2017
I-T - Rent earned by assessee engaged in business of leasing properties, will be taxable as 'business profits': ITAT
 
Mumbai, February 20, 2017
ST - 'gross amount charged', is not an isolated phrase but to be read in conjunction with expression 'for such service provided' : CESTAT
 
New Delhi, February 20, 2017
CX - Merely because Autolite India Ltd is a group company, appellant cannot use its brand name and claim SSI benefit: CESTAT
 
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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.