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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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New Delhi, November 26, 2015 Income Tax - Whether advance given to subsidiary is business expediency if undertaking was given by assessee that it would provide additional margin to subsidiary to meet working capital requirement - YES: SC

Ahmedabad, November 26, 2015 Cus - When no duty is payable on Electrical energy imported into India, no duty would be payable on similar goods transferred from SEZ to DTA in view of s 30 r/w s 51 of SEZ Act - HC order affirmed by Apex Court

New Delhi, November 26, 2015 CX - EOU - goods manufactured wholly out of indigenous raw materials - Valuation - Central Excise Valuation and not Customs FOB applicable: SC

New Delhi, November 26, 2015 CX - Sec 3A - 'Omission' being tantamount to 'deletion' is form of repeal - Interest and Penalty provisions of Rules 96 ZO, ZP,ZQ quashed: SC

New Delhi, November 26, 2015 Central Excise - Branded Chewing Tobacco - Not relevant whether the brand is own or not: Supreme Court

New Delhi, November 25, 2015 VAT - There is difference between exempted goods, i.e., goods on which no Value Added Tax is payable and are, therefore, not taxable and other cases where particular transaction, when it satisfies specific condition, is not taxable - Input Tax Credit correctly allowed : SC

Mumbai, November 25, 2015 ST - Even if it is considered that procedure stipulated in rule 6(4A) of STR, 1994 was not strictly adhered to, at most it was procedural lapse - adjustment is very appropriate and favourable to Revenue as compared to refund: CESTAT

New Delhi, November 24, 2015 Cus - s.153 - Legislature has done away with service on agent completely - notices need to be served on person for whom they are intended - SCN u/s 110(2) served on CHA does not meet rigor of law - seized goods to be returned: HC

Hyderabad, November 24, 2015 I-T - Whether, for purpose of completing assessments u/s 153C, AO can take into account materials other than what were found during search operation - NO: ITAT

Mumbai, November 24, 2015 CX - Merely because penalty has been notionally imposed does not mean that Tribunal's conclusion of applicability of revenue neutrality, is perverse - penalty is for infraction of some procedural rule & this has no bearing on main issue: HC

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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

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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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