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India received foreign remittance of USD 111 bn in 2022, says UN Pitroda resigns as Chairman of Indian Overseas Congress over racist remark Govt hosts workshop on improving Ease of Doing Business in Mining sector I-T - Anything made taxable by rule-making authority u/s 17(2)(viii) should be 'perquisite' in form of 'fringe benefits or amenity': SC Cus - Drawback - Revenue contends that appeal of exporter ought to have been dismissed by Tribunal as not maintainable since correct remedy was filing a revision application with Central government - Appeal disposed of: HC Cus - CHA - AA has clearly brought out the modus adopted by the appellant and how he was a party to the entire under valuation exercise - Factual finding affirmed by Tribunal - No question of law arises for consideration: HC GST - Proper officer has not applied his mind while passing the order; confirmed demand by opining that reply is not satisfactory - Proper Officer is directed to withdraw all punitive actions taken against petitioner pursuant to impugned order: HC GST - Proper Officer had to at least consider the reply on merits and then form an opinion - Non-application of mind - Order set aside and matter remitted for re-adjudication: HC GST - Cancellation of registration for non-filing of returns - Suspension/revocation of license would be counterproductive and works against the interest of revenue - Pragmatic view needs to be taken to permit petitioner to carry on his business: HC 86 flights of AI Express cancelled as crew goes on mass sick leave Tax Refund Conundrum - Odyssey of Legal Missteps I-T- AO not barred from issuing more than one SCN; Fresh SCN seeking information is not without jurisdiction, more so where HC itself directed re-doing of assessment: HC Murthy launches Capacity Building on Design and Entrepreneurship program Cash, liquor & drugs worth Rs 110 Cr seized from Jharkhand ahead of polls I-T- Appeal before CIT(A) (NFAC) is rightly dismissed where it has been delayed by over one year without just & reasonable cause: ITAT Poll-induced stress: 2 Bihar officials die of heart attack at polling booths Sixth Edition of Commandants' Conclave held in Pune Some Gujarat villages keep away from polls over unfulfilled demands from government Roof-hugging inflation nudges Argentina to print first lot of 10,000 notes of peso Investigation finds presence of ‘boys club’ strands of culture at American bank regulator US cancels licence to some firms found exporting materials to Huawei


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Kolkata, June 16, 2016 Cus - Kolkata, CFL has certified that betel nuts are fit for human consumption, Customs authorities should have no further reservation in releasing consignment: HC

New Delhi, June 16, 2016 I-T - Whether if assessee could not explain fall in gross profit on distress sale made to its sister concern, AO has authority to make addition on such account - YES: ITAT

Mumbai, June 16, 2016 CX - Appellant have been submitting cenvatable invoices to Jurisdictional authorities, therefore, entire detail of Cenvat Credit & nature of services were available with department - suppression cannot be alleged: CESTAT

New Delhi, June 15, 2016 Cabinet approves Integrated Civil Aviation Policy; Cargo volumes projected to go up four times to 10 mn tonnes; huge incentives for MRO Sector & domestic fare capped at Rs 2500 per hour

New Delhi, June 15, 2016 India, Switzerland join hands for early implementation of Automatic Exchange of Information; Revenue Secretary welcomes Swiss decision to amend law to share info on stolen data obtained by India

Mumbai, June 15, 2016 CX - De-bonding - CG imported under EPCG Scheme - impossible to assume that a generating set could be left out from the list of capital goods without any intent or purpose - mis-declaration was an act which attracted penalty - Appeal dismissed: HC

Mumbai, June 15, 2016 Cus - Foreign currency smuggled to Hong Kong but appellants were deported - upon landing in India, DRI intercepted appellants - this is admitted case of illegal export of foreign currency - s.113 is correctly applicable and not s.111: HC

Mumbai, June 15, 2016 I-T - Whether professional fee paid is allowable even if Director of paying company holds 100% shares in recipient company which did not have any other work except one rendered to paying company - NO: ITAT

Mumbai, June 15, 2016 CX - S.35F does not require payment of any pre-deposit of interest but since penalty has been imposed, pre-deposit is to be made of penalty � four weeks time given to make pre-deposit and comply: CESTAT

Mumbai, June 14, 2016 CX-Rule 8(3A) of CER- Tribunal ordering pre-deposit in cash - Applicant seeking direction to permit re-credit of duty paid through CENVAT - Provisions of refund in r/o duty and in r/o pre-deposit are substantially different - Application dismissed: CESTAT

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