News Update

Cabinet okays National Centre of Excellence for Animation, Visual Effects & GamingCabinet accepts recommendations of High-Level Committee on Simultaneous ElectionsCabinet gave approval for CHANDRAYAAN-4 MissionIncome tax collections till Sept 15 up by 16%After Moon and Mars, India sights science goals on VenusCabinet approves Pradhan Mantri Janjatiya Unnat Gram AbhiyanISRO to develop launch reusable vehicle with high payloadJapan, France to ink military pact by year-endFM holds 2nd review meeting on Capex for Ministry of RailwaysCyber fraud - posing as CBI officer - Railway staffer loses Rs 9 lakhGlobal Renewable Energy Meet: Investment commitments of Rs 32.45 lakh Cr poured: JoshiTupperware finally files for bankruptcyMinistry of Ports appoints Olympian Manu Bhaker as New Brand AmbassadorCoast Guard nabs 3 Lankan boats with 3 crew membersProvisional Attachment - Precaution, Persecution, Penury?Haryana election: Drugs, liquor worth about Rs 27 Crore seizedDak Ghar Niryat Kendra expands export services with automated IGST Refund facilityTrump says he will meet PM Modi next weekCentre asks Edible Oil Associations to maintain MRP of stocks imported at 0% & 12.5% BCDChina says tariff on EVs to damage GermanyVAT - If application for certified copy is made, then Authority receiving has duty to endorse such application, and inform applicant in writing of date when such certified copy would be ready for collection: HCIndia's World Heritage tally grows to 43 with addition of Moidams from AssamBlackRock, Microsoft to float USD 30 bn fund for AI InfrastructureCX - The refund cannot be rejected even if higher duty has been paid than what was payable because the refund is eligible for amount of duty paid by appellant: CESTATChief of Integrated Defence Staff to attend Indo-Pacific conference in HawaiiCus - If a speaking order was not passed within 15 days, the assessing officer cannot now be granted any extension to pass a speaking order: CESTATUN body says ozone layer is healing nowI-T - Information received from Investigating Unit of Revenue cannot be sole basis for forming belief that income of assessee has escaped assessment: HCScourge of wildfires engulf Portugal; 3 fire-fighters dieI-T - Revenue must condone delay in filing the Form 10B i.e. Audit Report so as to enable assessee trust to get exemption u/s 11, in case of genuine hardship in delay in submitting Form 10B: HC9 killed & 2800 injured as electronic pagers made in Taiwan, used by Hezbollah, simultaneously explode in Lebanon; Israeli hand suspectedIndia’s exports down by 9% to USD 34.7 bn in AugustElection credibility in worst decline in years: Institute for Democracy StudyNo demolition without SC permission, rules SCCleanliness has now become a people's movement: Piyush GoyalAdvancing Rulings - Buyer Beware!The Delay DynamicsGST needs Poland's 'split payment' regime
 
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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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Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.