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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Ahmedabad, December 26, 2016
I-T - Whether withdrawal of registration u/s 12A for subsequent AYs can be a ground to reopen previous assessments by Revenue - NO: HC
 
Mumbai, December 26, 2016
CX - Demand dropped on ground of time bar but allegation upheld - observation on merits challenged by appellant will not prejudice them as issue is not of recurring nature: CESTAT
 
Mumbai, December 26, 2016
Cus - Materials, though produced, escaped attention of Bench while recording order - Tribunal has power to recall its order if facts not considered: CESTAT
 
New Delhi, December 25, 2016
DoP&T Minister unfolds six key initiatives to mark Good Governance Day - Online filing of APAR; Immovable Property Return & Online App
 
New Delhi, December 24, 2016
GST Council approves GST Model Law almost 'fully' + Compensation law; to discuss IGST and cross-empowerment issues at next meeting on Jan 3 & 4, 2017
 
New Delhi, December 23, 2016
I-T - Whether amounts of advance tax paid prior to declaration under Kar Vivad Samadhan Scheme, can be adjusted while determining tax arrears - NO: HC
 
Mumbai, December 23, 2016
ST - Prior to 2006, in order to get covered under Consulting Engineer Service, person should be professionally qualified engineer/Engineering firm -manufacturer transferring technology in r/o bulk drugs not taxable: CESTAT
 
Mumbai, December 23, 2016
Cus - What has been imported is second hand tunneling equipment in semi knocked down condition and not 'parts and components' of second hand machine - no special import licence required: CESTAT
 
Ahmedabad, December 22, 2016
Cus - ADD on Soda Ash - Midterm review - DGAD findings that no injury to domestic industry despite continued dumping - Government permitted to issue notification revoking ADD, but it would be applicable only after final hearing: HC
 
Cuttack, December 22, 2016
I-T - Whether transfer of case from one ITO to another due to restructuring of Department is not valid even if assessee is not prejudiced – NO: HC
 
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Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.