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World Energy Congress 2024: IREDA CMD highlights need for Innovative Financing Solutions Voter turnout surpasses 50% by 4 PM in Phase 2 polls ST - Amendment made to FA, 1994 on 14.05.2015 making service tax applicable retrospectively on chit-fund business is only prospective - Refund payable of tax paid between 01.07.2012 to 13.05.2015: HC XI tells Blinken - China, US ought to be partners, not rivals ST - SVLDRS, 2019 - Amnesty Scheme, being of the nature of an exemption from the requirement to pay the actual tax due to the government, have to be considered strictly in favour of the revenue: HC CX - Issue involved is valuation of goods u/r 10A of CE Valuation Rules, 2000 - Appeal lies before Supreme Court: HC Cus - Smuggling - A person carrying any article on his belonging would be presumed to be aware of the contents of the articles being carried by him: HC Cus - Penalty that could be imposed for smuggling 3.2 kg of gold was Rs.88.40 lakhs, being the value of gold, but what is imposed is Rs.10 lakhs - Penalty not at all disproportionate: HC Cus - Keeping in mind the balance of convenience and irreparable injury which may be caused to Revenue, importer to continue indemnity bond of 115 crore and possession of confiscated diamonds to remain with department: HC Cus - OIA was passed in October 2022 remanding the matter to adjudicating authority but matter not yet disposed of - Six weeks' time granted to dispose proceedings: HC I-T - High Court need not intervene in matter involving factual issues; petitioner may utilise option of appeal: HC China asks Blinken to select between cooperation or confrontation I-T - Unexplained cash credit - additions u/s 68 unsustainable where based on conjecture & surmise alone: ITAT Honda to set up USD 11 bn EV plant in Canada Imran Khan banned from flaying State Institutions I-T - Income from sale of flats cannot be computed in assessee's hands, where legal possession of flats had not been handed over to buyers in that particular AY: ITAT Pro-Palestine demonstration spreads across US universities; 100 arrested I-T - Investment activities in venture capital which are not covered in negative list under Schedule III to SEBI Regulations, qualifies for deduction u/s 10(23FB): ITAT NATO asks China to stop backing Russia if keen to forge close ties with West NY top court quashes conviction of Harvey Weinstein in rape case


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Ernakulam, June 10, 2016 ST - VCES, 2013 is an Amnesty scheme - To allow petitioner to effect payments belatedly would tantamount to altering terms of settlement and that cannot be done by High Court - Petition dismissed

New Delhi, June 10, 2016 CX - Mandatory pre-deposit - While jurisdiction of Court to grant relief notwithstanding amended Sec 35F cannot possibly be taken away, said power should be used in rare and deserving cases: High Court

Mumbai, June 10, 2016 Cus - Respondent is 100% EOU and their import is not chargeable to custom duty, therefore, even if there is any variation in valuation, there will be no effect on custom duty payment - Revenue appeal dismissed: CESTAT

Chennai, June 10, 2016 I-T - Whether when salaries paid by Govt to priests and nuns were actually income of religious institutions they represented, any TDS obligation arises in such a case even if their income is exempt - NO: HC

Mumbai, June 10, 2016 ST - Refund of any amount is governed by Sec 11B - Tribunal being creature under CEA, 1944/CA, 1962 it cannot go beyond statute and, therefore, cannot relax time limitation provided under the statute: CESTAT

New Delhi, June 09, 2016 Cus - Given proximity of date of manufacture and date of import, it cannot be said that said car ceased to be new car and became 'second hand' car at time of its import � Order of CCESC giving benefit of 21/2002-Cus cannot be said to be perverse: High Court

Mumbai, June 09, 2016 CX - In case of retrospective levy, interest for period before enactment of provision cannot be demanded � Revenue appeal dismissed: CESTAT

New Delhi, June 09, 2016 I-T - Whether Court can direct Revenue to accept offer of Petitioners to pay present value of balance sum adjusted against cost inflation index where there was no confirmation of sale in favour of Petitioners & correct market price can be determined only through re-auction � NO: HC

Mumbai, June 09, 2016 Cus - Even though there has been short shipment, what has been paid on import is Customs duty only - there is no other provision except Sec 27 for refund of duty - limitation applies and, therefore, claim filed after six months is time barred: CESTAT

Chennai, June 08, 2016 Writ Vs Appeal - Sec 35F of Central Excise Act, 1944 - Order passed by Cestat in Stay Application - Whether Writ Petition is maintainable - Yes says High Court and differs from earlier decision of same High Court

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