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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New Delhi, December 11, 2015
I-T - Whether mere passing of a restraint order would extend time limit available for completion of assessment pursuant to search - NO: HC
 
New Delhi, December 11, 2015
CX - It is only commencement of commercial production which is essential and not emergence of fully saleable finished product - Benefit of Notfn 50/2003 rightly extended: CESTAT
 
New Delhi, December 10, 2015
Sodexo Meal Vouchers are not 'goods' within meaning of Sec 2(25) of Maharashtra Municipal Corporation Act and, therefore, not liable for either Octroi or LBT: Supreme Court
 
New Delhi, December 10, 2015
ST - Penalty - s 78 - CESTAT cannot extend time for Respondent to pay reduced penalty within 30 days from date of order of CESTAT - Revenue's appeal allowed: HC
 
Mumbai, December 10, 2015
CX - It was duty of Audit party to consider whether classification & benefit of notification claimed was correct - department cannot say that EA-2000 was not for classification but other procedural aspects - demand time-barred: CESTAT
 
Chandigarh, December 10, 2015
I-T - Whether unutilized rental income relating to previous year can be taxed in current year, where assessee was never confronted to establish requirements of Rule 4 to claim benefit of unrealized rent - NO: HC
 
New Delhi, December 09, 2015
Competition Law - Whether increase in office rentals of airlines on IGI airport for fresh term of agreement by DIAL is abuse of dominant position, when it is done in rationalised manner keeping the licence fee uniform for all member airlines - NO: CCI
 
New Delhi, December 09, 2015
CX - whether interest is leviable on differential duty amount paid under supplementary invoices due to price increase SKF doubted - Matter referred to LB: SC
 
Mumbai, December 09, 2015
I-T - Whether, for purpose of quantifying interest expenditure to be disallowed under Rule 8D, bank & other financial charges are to be excluded - YES: ITAT
 
New Delhi, December 09, 2015
Banking and Other Financial services - Since appellant is not banking company nor financial institution, service of Hire Purchase provided prior to 16.08.2002 is not taxable: CESTAT
 
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