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US Presidential Poll: Tall promises by Hopefuls elbow economy closer to tax-doom-loop!Sourav Ganguly goes to Police against cyberbullying Yadav calls for development of sustainable, Inclusive low-carbon transport systems Fed lives up to global expectations; cuts interest rate by 0.5% - first cut in last 4 years Mandaviya chairs meeting to provide Social Security to Gig and Platform Workers Cus - Import of Areca Nuts - Department did not follow procedure laid down by CBEC for verification or testing/re-testing, to establish true origin of goods; Nuts imported from Sri Lanka otherwise meet requirements for duty-free import under Notfn No 26/2000-Cus: CESTAT CAQM announces revised GRAP schedule for Delhi-NCR China to be on top of agenda at Quad meeting: White House Cus - No proper evidence is found towards Customs Officer's involvement in fraud, the allegation that appellant has actively colluded with Customs officials cannot legally sustain, penalty imposed on appellant also cannot sustain: CESTAT India's position is of a 'Vishwa Bandhu' in global world order: CDS Gen Anil Chauhan ST - The contracts being composite in nature and demand having been raised under Construction of Residential Complex Services, demand of service tax cannot sustain for the period after 01.07.2010 also: CESTAT Govt organises 'FAME's Success in Transforming India's EV Landscape: From Vision to Reality'Death toll rises to 21 in second wave of blasts in Lebanon - it was Walkie-Talkie after pager I-T - Miscellaneous income such as commission, discount charges, sale of wastages and diesel sales are to be treated as income derived from industrial undertaking: HC Germany halts exports of weapons to Israel I-T - If any statute has been enacted, there cannot be insertion of any word beyond the contents of the statute: HC I-T - Contributions to PF/ESI paid before the due date u/s 139(1) of the Act are allowable as deduction: ITAT Baltimore Bridge collapse: US seeks USD 100 mn compensation from Singapore-based ship owner I-T - No license is granted under Income tax Act to misuse presumptive scheme of taxation and camouflage undisclosed income from unexplained sources under guise of turnover/gross receipt: ITAT I-T - If no return of income is filed by tax-payer, then appeal can only be admitted by CIT (A) only when tax-payer has paid advance tax which was payable by him: ITAT Faux cybercrime platforms busted in global operations; 51 arrested by Europol I-T - Dismissal of assessee's appeal in limine by CIT(A), without going into merits of issues, solely due to non-appearance of assessee, is unsustainable, being in direct contravention of Section 250(6): ITAT I-T - CIT(A) has powers co-terminus with those of the AO and is permitted under law to make own inquiry or direct AO to inquire into the matter, in case of assessee's absence : ITAT IMF pauses Mission to Moscow after Kyiv protests Cabinet okays National Centre of Excellence for Animation, Visual Effects & Gaming Cabinet accepts recommendations of High-Level Committee on Simultaneous Elections Cabinet gave approval for CHANDRAYAAN-4 Mission Income tax collections till Sept 15 up by 16%After Moon and Mars, India sights science goals on Venus Cabinet approves Pradhan Mantri Janjatiya Unnat Gram Abhiyan ISRO to develop launch reusable vehicle with high payload Japan, France to ink military pact by year-end FM holds 2nd review meeting on Capex for Ministry of Railways Cyber fraud - posing as CBI officer - Railway staffer loses Rs 9 lakh Global Renewable Energy Meet: Investment commitments of Rs 32.45 lakh Cr poured: Joshi Provisional Attachment - Precaution, Persecution, Penury?Dak Ghar Niryat Kendra expands export services with automated IGST Refund facility The Delay Dynamics


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New Delhi, January 03, 2016 Paying taxes should not be painful process for taxpayers; FM asks IRS probationers to retain their idealism

Mumbai, January 02, 2016 Cus - Refund claim is not an Appeal proceeding - Officer considering refund claim cannot sit in Appeal over an assessment made by competent Officer or for that matter review same - Appeal dismissed: CESTAT

New York, January 02, 2016 UN sustainable development goals kick in with start of New Year

New Delhi, January 01, 2016 I-T - Whether compensation received by Indian journalist from foreign publisher is liable to be treated as capital receipt where such compensation was paid not under any obligation but as ex-gratia payment upon termination of publishing contract - YES: HC

Mumbai, January 01, 2016 ST - Appellant had no intention to avoid payment of service tax which would have been available to them as Cenvat credit and non-payment would not result in any financial benefit - Penalties waived: CESTAT

Mumbai, January 01, 2016 CX - Drawing of MS wires from wire rods not manufacture - However, Credit taken on various items at input stage is regularised in view of retro amendment of Rule 16 by Taxation Laws (Amendment) Act, 2006: CESTAT

Mumbai, December 31, 2015 Cus - Tribunal being creature of Customs Act have limited powers and only in such cases where mistake has crept from record can only be rectified � ROM dismissed: CESTAT

Ahmedabad, December 31, 2015 Anti Dumping duty is levied for protection of domestic industry & not to serve interest of revenue - Recovery of ADD on imported sheet glass from China falling under CTH 70049099 and not falling under Tariff Items mentioned in Notifn 07/2015 is without jurisdiction: HC

Ahmedabad, December 31, 2015 I-T - Whether question of fulfillment of material requirements of valid application for settlement will remain open to Settlement Commission to examine before passing final, even if orders u/s 245D(1) & 245(2C) were passed - YES: HC

Mumbai, December 31, 2015 CX - Tankers cannot be considered as bulk pack - Therefore repacking of edible oil so received into retail containers with brand name cannot be considered as manufacture u/s 2(f) so as to be charged to duty: CESTAT

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Undervaluation of Imported Aluminium Scrap

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