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, August 05, 2016
ST - Manufacture of alcoholic liquor for human consumption on job work basis - Parliament is competent to legislate with reference to Entry 97 of List I - Petitions dismissed: High Court
 
New Delhi, August 05, 2016
Cus - Conscious violation of law by Dy. Commr. - Refund to be allowed with interest - Commr. to call for an explanation and take further action - Costs imposed of Rs.10,000/-: High Court
 
Mumbai, August 05, 2016
ST - Sec 11BB of CEA, 1944 is intended to ensure accountability on part of Revenue officials - Withholding of interest will, therefore, only serve to encourage irresponsibility and non-responsiveness on part of tax authorities: CESTAT
 
Allahabad, August 05, 2016
I-T - Whether onus is on assessee to prove that case was wrongly selected for scrutiny on basis of directions of higher authorities without application of mind - YES: ITAT
 
Mumbai, August 05, 2016
Cus - Residual shelf life of medicine less than 60% - competent authority is vested with discretion to allow imports even below threshold – goods having been re-exported, action u/ss 111 & 112 was not entirely necessary: CESTAT
 
New Delhi, August 04, 2016
Major Relief for telecom Cos - In absence of 'derived from', need for first degree nexus in Sec 80IA does not apply to telecom undertakings covered u/s 80IA(2A): HC
 
New Delhi, August 04, 2016
Income Tax - Whether when assessee accepts finality of order in context of quantum proceedings, it is not open to assessee to agitate same issue in Sec 271C proceedings - YES: HC
 
Mumbai, August 04, 2016
ST - Authorized Service Station - Servicing delegated to another dealer - costs met by appellant are expenditure towards service procured to provide an output service - credit admissible: CESTAT
 
Ahmedabad, August 04, 2016
DGFT is an independent authority and is not governed by directions of DRI or Customs - Directed to consider applications for EODC independently: HC
 
Ahmedabad, August 04, 2016
I-T - Whether reassessment order is to be set aside on ground that before passing such an order AO had not disposed of objections raised by assessee - NO: 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.