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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Jaipur, March 25, 2016
I-T - Whether when assessee has taken secured and unsecured loans on different terms & conditions, it is not right for AO to apply same rate of interest for both borrowings - YES: ITAT
 
Mumbai, March 25, 2016
ST - Since SCN was issued before enactment of FB, 2015 and order was passed after enactment, provisions of substituted s.76 come into play - as appellant had discharged entire ST prior to issuance of SCN, no penalty is imposable u/s 76 in view of s.78B(1)(b): CESTAT
 
New Delhi, March 24, 2016
Cabinet approves India-UAE MoU to mobilise investments into Infrastructure Fund
 
New Delhi, March 24, 2016
PM calls for integration of all land records with Aadhaar; expresses satisfaction over work towards Ease of Doing Business
 
Mumbai, March 23, 2016
Tribunal sets aside Rs.637 crore Service Tax demand against Tech Mahindra - Reimbursements made to Overseas Branch Office by Head Office in India are not liable to service tax: CESTAT
 
New Delhi, March 23, 2016
Cabinet approves World Bank support of USD 1500 mn to Swachh Bharat Mission
 
Mumbai, March 23, 2016
ST - HUFs can also be commercial concerns is no longer res integra and, therefore, claim of appellant for immunity from taxability u/s 65(105)(zzb) is not tenable: CESTAT
 
Lucknow, March 23, 2016
I-T - Whether exemption available to reimbursement under LTC cannot be extended to overseas travel - YES: HC
 
Mumbai, March 23, 2016
CX - Once factum of death of sole proprietor has come to knowledge of Commissioner, he should have dropped proceedings rather than passing impugned order confirming duty demand, which is not sustainable in law: CESTAT
 
Mumbai, March 23, 2016
CX - Short and cryptic order by Tribunal - If amendment to LOP is to be treated as retrospective in nature as per Assessee, then Tribunal, as last fact finding Authority, should have discussed as to whether that argument has any merit - Order set aside and matter remanded: HC
 
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