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CBIC amends tariff value of silver; No change for other commodities High Level Official Delegation from Mauritius visits National Centre for Good Governance Govt hikes Minimum Wages vide enhanced VDA for unorganised workers TRAI mandates whitelisted URLs, APKS, or OTT links for SMS Traffic GST - 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: HC France backs India’s membership to Security Council GST - No opportunity of personal hearing as was requested while replying to SCN was given - Order set aside: HC Jaishankar calls for reforms of WTO, G20 & UN GST - 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: HC Family of 5 found dead in car in TN; Suicide suspected Alternative Global Value Chain - Is India going to be 'Next China'!IMF okays USD 7 bn loan to support Pak’s sinking economy Cus - Unreasoned order - Order spoke for itself - Revenue counsel tries his best to justify order but in the end had to throw in the towel: HC Bombay HC quashes govt clearance given after construction in Coastal area Prevent misuse of s.114AA of Customs Act Brazil keen to ink trade deal with EU GST - 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: HC Harris promises tax credit and investments to US manufacturers CBIC notifies HAG benefits to 22 IRS officers Nukes may deflect asteroid threatening earth: Scientists After Iranian death threat, Trump says Iran should be torn into pieces India, Australia working to strengthen ECTA through CECA: Goyal US Intel suggests Russia has secret war drones factory in China Survey reveals 31% Indians now use e-com platforms for ordering grocery India's coal imports see marginal increase amid surge in Power Generation


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New Delhi, August 26, 2016 Sales Tax - Whether if there is movement of goods sans complete papers, penalty is only recourse to recoup loss of Revenue and there is no need to prove mens rea in such cases - YES: Supreme Court

New Delhi, August 26, 2016 Trade tax Act - Whether benefit of exemption u/s 4B(1) can be restricted to a manufacturer only who is engaged in sale of goods, when said provision itself extends such benefit to first purchaser who sells goods to another dealer having valid recognition certificate u/s 4B(2) - NO: SC

New Delhi, August 26, 2016 I-T - Whether mere mentioning of actual assets of a newly constructed plot by a developer in valuation report, without disclosing same in return, consitutes sufficient reasons for Revenue to believe that income chargeable to tax has escaped assessment - YES: SC

Chennai, August 26, 2016 Refund of unutilized CENVAT Credit on closure of factory is admissible - As LB decision relied on by Revenue did not consider High Court order allowing refund, same cannot be followed: CESTAT

New Delhi, August 25, 2016 TN VAT - Section 19(20) inserted by way of amendment is a provision which is made for first time to detriment of dealers and, therefore, cannot have a retro effect; constitutional validity upheld: SC

Mumbai, August 25, 2016 Cus - Commissioner(A) clearly found that Benzopyrrole is freely importable on basis of DGFT letter, yet denied benefit - without contesting, content of letter could not have been rejected - appeal allowed: CESTAT

Kolkata, August 25, 2016 I-T - Whether when writ petitioners were not aware of CBDT notification, limitation on that account shall not remain suspended nor can period during which appellant was ignorant about change of jurisdiction can be excluded from period granted for filing appeal - YES: HC

Mumbai, August 25, 2016 CX - In absence of any restrictive clause in agreement, amount received by respondent towards pre-delivery inspection, erection/installation/commissioning charges are not includible in AV: CESTAT

New Delhi, August 24, 2016 Cus - Imports from Nepal - SAD Exemption notification 124/2000-Cus dt. 29.09.2000 amending Notfn. 37/96-Cus dt. 23.07.96 is not clarificatory and was intended to be applied prospectively - Appeals dismissed: Supreme Court

Mumbai, August 24, 2016 Cus - Detailed affidavit turns counterproductive & whole case of Department is revealed whereby all wrong doers are then alerted - authorities should issue SCN and commence adjudication promptly or take steps so that export consignments are not withheld for long duration: HC

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

September 26, 2024

TP - Assessment order quashed where TPO omits to follow directions given by DRP & ITAT; order erroneously includes non-AE revenue & non-AE cost for computing TP adjustment: ITAT

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September 26, 2024

Constitution of India-Court acting under Article 226 doesnot have power to pass order without proper tangible material : HC

September 26, 2024

Trade Mark- Infringement of registered trademark is required to be considered by examining the overall commercial impression of two marks from standpoint of person of average intelligence and imperfect recollection: HC

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