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World Energy Congress 2024: IREDA CMD highlights need for Innovative Financing Solutions Voter turnout surpasses 50% by 4 PM in Phase 2 polls ST - Amendment made to FA, 1994 on 14.05.2015 making service tax applicable retrospectively on chit-fund business is only prospective - Refund payable of tax paid between 01.07.2012 to 13.05.2015: HC XI tells Blinken - China, US ought to be partners, not rivals ST - SVLDRS, 2019 - Amnesty Scheme, being of the nature of an exemption from the requirement to pay the actual tax due to the government, have to be considered strictly in favour of the revenue: HC CX - Issue involved is valuation of goods u/r 10A of CE Valuation Rules, 2000 - Appeal lies before Supreme Court: HC Cus - Smuggling - A person carrying any article on his belonging would be presumed to be aware of the contents of the articles being carried by him: HC Cus - Penalty that could be imposed for smuggling 3.2 kg of gold was Rs.88.40 lakhs, being the value of gold, but what is imposed is Rs.10 lakhs - Penalty not at all disproportionate: HC Cus - Keeping in mind the balance of convenience and irreparable injury which may be caused to Revenue, importer to continue indemnity bond of 115 crore and possession of confiscated diamonds to remain with department: HC Cus - OIA was passed in October 2022 remanding the matter to adjudicating authority but matter not yet disposed of - Six weeks' time granted to dispose proceedings: HC I-T - High Court need not intervene in matter involving factual issues; petitioner may utilise option of appeal: HC China asks Blinken to select between cooperation or confrontation I-T - Unexplained cash credit - additions u/s 68 unsustainable where based on conjecture & surmise alone: ITAT Honda to set up USD 11 bn EV plant in Canada Imran Khan banned from flaying State Institutions I-T - Income from sale of flats cannot be computed in assessee's hands, where legal possession of flats had not been handed over to buyers in that particular AY: ITAT Pro-Palestine demonstration spreads across US universities; 100 arrested I-T - Investment activities in venture capital which are not covered in negative list under Schedule III to SEBI Regulations, qualifies for deduction u/s 10(23FB): ITAT NATO asks China to stop backing Russia if keen to forge close ties with West NY top court quashes conviction of Harvey Weinstein in rape case


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Mumbai, January 13, 2017 CX - Utter negligence - Non-compliance of procedural formalities - though being largest litigant, Dept. has not engaged services of court clerks - even panel advocates do not have own paraphernalia - Appeal dismissed for want of prosecution: HC

New Delhi, January 13, 2017 Cus - Import of motorcycle parts which were later found to be counterfeit - wrong despatch of goods - Allowed to be re-exported: CESTAT

Bangalore, January 13, 2017 I-T - Whether assessee can be prosecuted u/s 276CC merely on basis of belated filing of his return, if those returns were accepted & assessment were concluded - NO: HC

Mumbai, January 13, 2017 Cus - LC charges which are borne pre-clearance of imported goods are includible in assessable value: CESTAT

Mumbai, January 13, 2017 CX - Just as no law or judgement can prevent tax collector from levying tax in accordance with law, no law or judgement can be allowed to impede tax collector from fulfilling his constitutional obligation to collect only such tax as is authorized by law: CESTAT

Mumbai, January 12, 2017 SAD refund - Merely because a condition is imposed to file refund application within stipulated time limit, it cannot be held to be onerous, excessive and, therefore, ultra vires Art. 14 of Constitution - Petition dismissed: HC

Mumbai, January 12, 2017 Cus - No logic to seize IC which was to be taken from Mumbai to Hyderabad in domestic sector flight by holding it to be an amount sought to be exported: CESTAT

Allahabad, January 12, 2017 I-T - Whether an educational society can be denied renewal u/s 80G(5), merely because it has earned surpluses while imparting education, when the term 'education' u/s 2(15) itself is not confined - NO: HC

Ahmedabad, January 12, 2017 Cus - Difference of opinion rendered does not contain point/points on which Members have differed, therefore, order set aside - as both Members have retired, appeal to be heard afresh: High Court

Mumbai, January 12, 2017 CX - A sketchy and airy disposal of issue, less than diligent approach to adjudication is manifest in entire proceedings, observes CESTAT and remands matter

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