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
 
Page 400
Bangalore, October 26, 2015
I-T - Whether when there is neither quantification of sum payable nor any actual payment is made, it would still be fair to burden assessee with obligation to deduct tax at source - NO: HC
 
Mumbai, October 26, 2015
CX - Perfunctory manner of disposal of appeal on two occasions and in absence of petitioner and its advocates does not sub-serve larger interest of justice - Matter remanded to Tribunal: HC
 
Paris, October 25, 2015
OECD organises regional workshop on implementation of BEPS in Eurasia
 
New Delhi, October 24, 2015
CBEC substantially hikes monetary limits for arrest; No prosecution against Directors of Public Limited Cos and in cases of technical nature
 
Mumbai, October 24, 2015
ST - Appointment of Special Counsel by Revenue - Tribunal expresses anguish as Commissioner did not take any action for appointing Counsel although matter was listed for an out-of-turn hearing but sought an adjournment at last minute
 
Ahmedabad, October 23, 2015
Coal classification issue - It is convention to grant waiver of pre-deposit when matter is referred to Larger Bench - Dismissal of modification application is not correct - HC grants complete waiver and modifies Tribunal's order
 
Ahmedabad, October 23, 2015
I-T - Whether amount of subsidy received prior to insertion of Explanation 10 to sub-section (1) of section 43 is to be reduced from cost of assets - YES: HC
 
New Delhi, October 23, 2015
ST - As appellant has filed returns regularly, foundation of SCN invoking s. 72(a) is incorrect - no allegation that appellant have failed to assess tax as per provisions of law, hence s.72(b) not attracted - SCN is deficient: CESTAT
 
Geneva, October 22, 2015
WTO Members express concern over Indian import procedure for apple, marble products & boric acid
 
New York, October 22, 2015
Women today account for 22% of Parliamentarians & 18% of appointed Ministers: UN Report
 
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