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India-bound oil tanker struck by Houthi’s missiles in Red Sea RBI issues draft rules on digital lending CRPF senior official served notice of dismissal on charges of sexual harassment Columbia faculty blames leadership for police action against protesters Google to inject USD 3 bn investment in data centre in Indiana UN says clearing Gaza mounds of rubble to take 14 yrs Blinken says China trying to interfere US Presidential polls World Energy Congress 2024: IREDA CMD highlights need for Innovative Financing Solutions Voter turnout surpasses 50% by 4 PM in Phase 2 polls 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 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 - 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


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Mumbai, June 01, 2016 CX - It is avowed principle of GOI that exports should not be taxed and, therefore, if credit of service tax paid on fumigation services is not allowed, that would add to cost of goods exported: CESTAT

Chennai, May 31, 2016 Facility of transfer of CENVAT Credit under Rule 10 of CCRs, 2004 is available for shifted units also - Absence of word 'shifted' in said sub-rule appears to be an inadvertence: CESTAT

New Delhi, May 31, 2016 CX - Settlement - None of provisions in Chapter V dealing with 'settlement of cases' envisages CCESC sending matter for adjudication to Officer because there was no consensus between applicant & Department - Orders set aside: HC

New Delhi, May 31, 2016 I-T - Whether denial to release cash seized from armoured vehicle which was hired by banks to transport cash can be sustained as Revenue was yet to verify cash slips from customers - NO: HC

Chennai, May 31, 2016 Water dispensers imported - Whether RSP assessment is applicable - No error in order of original authority allowing refund by holding RSP is not applicable: CESTAT

Mumbai, May 31, 2016 CX - Benefit of 15% discount on MRP claimed in price list as per Notfn 245/83 - whether prices were approved by DPCO - no evidence produced before lower authorities as well as Tribunal - whether claim is fraudulent and, therefore, extended period is invocable - Difference of Opinion: CESTAT

Chennai, May 30, 2016 I-T - Whether Rule 37(7)(i) is ultra vires Sec 17(2)(viii) as it prescribes exact method of valuation of fringe benefits and leaves no fact to be decided by AO - NO: HC

Mumbai, May 30, 2016 ST - Assessee, an exporter of BAS - Internet Telecom Services, Market Research services, Videotape production & Security services are in relation to business activity and, therefore, Input services - Refund admissible u/r 5 of CCR, 2004: CESTAT

Antalya, May 29, 2016 No change in UN-sponsored list of LDCs in past 15 years; LDCs have 12.5% world population but account for only 1.1% of global trade

New Delhi, May 29, 2016 Lakshadweep signs agreement to move from diesel to solar energy

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April 26, 2024

I-T - Assessee cannot be prevented from claiming that receipts from sale of software were wrongly offered as royalty, merely because such income was wrongly offered in ROI and which was not revised: ITAT

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