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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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Chennai, May 27, 2016 Customs - LCD Panels are classifiable under CTH 90138010 as claimed by importer, but not under 85299090 as claimed by revenue: CESTAT

New Delhi, May 26, 2016 ICD Customs seizes huge quantity of counterfeit goods of established brands like L'oreal, Calvin Klein & Polo; Two persons arrested

New Delhi, May 26, 2016 CX - Department was aware that Petitioner was clearing PAA@ Nil rate & this PAA was made from BeCN captively-consumed @ Nil duty - fact that it asked Petitioner to reverse Credit & which was complied belies Revenue�s case to contrary - demand time barred: HC

Chennai, May 26, 2016 Mandatory pre-deposit is applicable to appeals filed on or after 06.08.2014 - Amendment did not take away vested right - AP and Kerala HC view not correct: Madras HC

Kolkata, May 26, 2016 I-T - Whether transaction between assessee company and its Director in a running Current a/c is to be treated as loan or deposit - NO: ITAT

Mumbai, May 26, 2016 CX - Supplementary invoices issued in respect of Input services - prior to 1.4.2011 credit cannot be denied by borrowing restriction provided in un-amended Rule 9(1) of CCR, 2004: CESTAT

Mumbai, May 25, 2016 CX - CENVAT - Improper dimension of goods mentioned in invoices - no malafide intention can be attributed but this does not mean that penalty needs to be set aside - Penalty u/r 26 of CER, 2002 reduced: CESTAT

Mumbai, May 25, 2016 ST - Even prior to 1.4.2011 since no ST was payable on auction sale of abandoned cargo, credit was not admissible on input service used in such output activity - in subsequent SCNs it cannot be said that there is suppression of fact on part of appellant so as to impose penalty u/s 78: CESTAT

Visakhapatnam, May 25, 2016 I-T - Whether interest income from bank deposits is to be treated as 'income from other sources' if assessee fails to prove that deposits were for business purpose - YES: ITAT

New Delhi, May 24, 2016 Govt notifies 13 more Smart Cities; Lucknow tops list of winners of Fast Track Competition

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Undervaluation of Imported Aluminium Scrap

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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

September 26, 2024

TP - Company merits being discarded as comparable for benchmarking purposes, where its products are entirely different from the products manufactured by assessee-company: ITAT

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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