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, November 24, 2016
I-T - Whether NOC from Pollution Control Board is sin qua non for satisfying criteria of 'ecotourism', being a condition precedent for eligibility of Section 80IC deduction - NO: ITAT
 
Chennai, November 23, 2016
ST - Taxability of Medical Treatment provided under 'Kalaignar Kaapittu Thittam', Govt welfare Scheme - Order demanding Service Tax set aside and matter remanded: HC
 
New Delhi, November 23, 2016
I-T - Whether ALV of house property can be considered as income from house property, if it is established that such property was not actually let out in relevant FY due to recession - NO: ITAT
 
Mumbai, November 23, 2016
Cus - Non-filing of appeal against assessed bill of entry does not deprive appellant to file its claim for refund u/s 27: CESTAT
 
Mumbai, November 22, 2016
Cus - Rejecting application on ground that B/E has to be filed before issuance of SCN would go against very spirit for which settlement machinery was constituted: HC
 
Ahmedabad, November 22, 2016
I-T - Whether service tax collected from customers deserves to be added to assessee's net profit, if same was not deposited by assessee before due date of filing return - YES: ITAT
 
Mumbai, November 22, 2016
ST - Input Services - Renting of Immovable property - CCR, 2004 does not envisage proportional allocation: CESTAT
 
Mumbai, November 22, 2016
Cus - Appellant was not an authorised agent for removing garbage & sweeps from SEEPZ area, hence confiscation & penalty upheld: CESTAT
 
Chennai, November 21, 2016
I-T - Whether it is open to an assessee to agitate show cause notice before High Court, when he can directly approach ITO who had issued said SCN - NO: HC
 
Chennai, November 21, 2016
ST - Order in Original passed by relying upon an order of Tribunal, which has been set aside by High Court much earlier is unsustainable: HC
 
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AR not Afar by SK Rahman



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.