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, September 27, 2016
I-T - Whether dress code prescribed for employees at work place would qualify as uniform, even if it is clear that there is nothing on record to suggest that there was any such dress code prescribed before issue of circular regarding 'compulsory wearing of uniform' - NO: HC
 
Ahmedabad, September 27, 2016
I-T - Whether mere transfer of shares from stock-in-trade to investment leads to any taxing event & makes assessee liable to pay tax on such income - NO: HC
 
Chennai, September 27, 2016
ST - Limitation is essentially a question of fact - since disputed question of facts are to be examined, matter has to be agitated before Tribunal: High Court
 
New Delhi, September 27, 2016
CX - Valuation - Place of removal is depot -Discounts allowed in price contracted for sale from depot would be allowable as deduction from such price: CESTAT
 
New Delhi, September 26, 2016
NDPS - Connection of contraband with appellant was clearly established after which burden was on appellant to show that he had effected sale to an authorized person: SC
 
Mumbai, September 26, 2016
ST -Tribunal could not have dismissed appeals as not maintainable merely because appellant had filed Writ Petition and was pursuing both remedies: HC
 
Chennai, September 26, 2016
Writ jurisdiction - High Court in exercise of powers under Article 226 cannot act as second appellate court to interfere with Settlement Commission's factual findings absent perversity: HC
 
New Delhi, September 25, 2016
Incredible India Tourism Meet - Govt to set up Task Force for strategic planning; investor facilitation desk and for organising investor meets
 
New Delhi, September 25, 2016
India to host first BRICS Young Scientists Conclave; to build Innovation Corps
 
Visakhapatnam, September 24, 2016
Govt announces setting up agencies for fisheries in coastal States; incentives for marine products under MEIS
 
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TIOL Tube brings you an interview with former US Secretary of Treasury, Mr. Larry Summers who was recently in Delhi.

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