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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Chandigarh, September 15, 2016
Cus - Since a specific finding is recorded by lower appellate authorities that appellant was not party to fraud; that DEPB was found to be genuine document, though obtained by seller by producing forged documents, duty cannot be demanded: High Court
 
Mumbai, September 15, 2016
I-T - Whether interest income earned by assessee on investment of share investor's money is to be classified under 'income from other sources' - YES: HC
 
Ernakulam, September 15, 2016
CX - Amendment of Sec 35F of CEA requiring to make pre-deposit of fixed percentage of tax demanded or penalty levied or both to entertain appeal by Commissioner (A)/CESTAT - Upheld as constitutionally valid: High Court
 
Cuttack, September 15, 2016
I-T - Whether when Settlement Commission order has become conclusive being not agitated before Commission and no other legal points are submitted, exercise of writ jurisdiction in such case is still available - NO: HC
 
Mumbai, September 15, 2016
ST - Appellant providing Mid Day meals to various schools and are paid for same by Schools/government - Appellant does not fall within definition of 'Outdoor caterer' - Demands set aside and appeals allowed: CESTAT
 
Mumbai, September 14, 2016
Cus - Provisional release of seized goods - Sec 110A applies only where matter is pending adjudication - since BE has been assessed, sec 125 shall apply, according to which assessee can take release of goods on payment of duty: CESTAT
 
Mumbai, September 14, 2016
I-T - Whether amount raised by debentures is to be considered as used for business even if entire sum raised is advanced to sister concern which is in same line of business and they have business connection with each other - YES: HC
 
Mumbai, September 14, 2016
Cus - Royalty is hinged upon post-importation manufacture and not on imported goods per se - including royalty amounts in valuation of imported 'master tapes' is improper in law: CESTAT
 
Mumbai, September 14, 2016
ST - Railways with public investment and private investment function under same statute i.e. Railways Act, 1989 - Railway sidings built by appellant fall within exclusionary portion of sec 65(25a) and are outside ambit of taxation: CESTAT
 
New Delhi, September 13, 2016
Clarifications on Direct Tax Dispute Resolution Scheme, 2016
 
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