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CBIC amends tariff value of silver; No change for other commodities High Level Official Delegation from Mauritius visits National Centre for Good Governance Govt hikes Minimum Wages vide enhanced VDA for unorganised workers TRAI mandates whitelisted URLs, APKS, or OTT links for SMS Traffic GST - 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: HC France backs India’s membership to Security Council GST - No opportunity of personal hearing as was requested while replying to SCN was given - Order set aside: HC Jaishankar calls for reforms of WTO, G20 & UN GST - 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: HC Family of 5 found dead in car in TN; Suicide suspected Alternative Global Value Chain - Is India going to be 'Next China'!IMF okays USD 7 bn loan to support Pak’s sinking economy Cus - Unreasoned order - Order spoke for itself - Revenue counsel tries his best to justify order but in the end had to throw in the towel: HC Bombay HC quashes govt clearance given after construction in Coastal area Prevent misuse of s.114AA of Customs Act Brazil keen to ink trade deal with EU GST - 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: HC Harris promises tax credit and investments to US manufacturers CBIC notifies HAG benefits to 22 IRS officers Nukes may deflect asteroid threatening earth: Scientists After Iranian death threat, Trump says Iran should be torn into pieces India, Australia working to strengthen ECTA through CECA: Goyal US Intel suggests Russia has secret war drones factory in China Survey reveals 31% Indians now use e-com platforms for ordering grocery India's coal imports see marginal increase amid surge in Power Generation


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Mumbai, February 13, 2017 I-T - Whether owner can claim deduction u/s 24b on account of interest on borrowed capital which was utilized in acquisition & repairs of house property, only if he has paid tax u/s 23 in respect of bonafide ALV - YES: ITAT

New Delhi, February 13, 2017 ST - Amount received in terms of MOU was summarily considered as consideration without examination and pointing out nature of service and its classification - demand rightly dropped: CESTAT

Mumbai, February 13, 2017 CX � Token recovery of Re 1 per employee per day is as an administrative cost and is not intended to defray cost of food served to employees� Tax paid towards supply of canteen services is admissible credit: CESTAT

New Delhi, February 12, 2017 ST � BAS - Selling branded goods cannot be considered as providing service with brand name of another person - Benefit of Notfn. 6/2005-ST available: CESTAT

New Delhi, February 11, 2017 ST - Legal fiction in Sec 66A cannot be restricted only to collection of tax without applying any concession of notification applicable thereto: CESTAT

Ahmedabad, February 10, 2017 ST - Under statute, no hearing is provided before passing order of extension of provisional attachment u/s 73(C)(2) of FA, 1994 - Petitions dismissed: HC

New Delhi, February 10, 2017 CX - Dept. has adopted short cut method of demanding duty on entire 63,346 gutka bags found in transporters godown when fact remains that assessee is responsible to pay duty on its trade marked stock only and not on others brands: CESTAT

New Delhi, February 10, 2017 Cus - AA cannot add addl conditions in provisions when there is no condition prescribed at all in law � Demands in excess of Rs 4 Cr set aside: CESTAT

Ahmedabad, February 10, 2017 I-T - Whether manufacturer can be denied additional depreciation on machineries acquired by it, merely because they are installed at later date - NO: HC

New Delhi, February 10, 2017 CX - Operational compensation recovered from customer for non-lifting of goods produced is not towards sale or supply of goods and is, therefore, not includible in AV: CESTAT

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