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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, October 09, 2015 Customs - Import of computer software in CD ROMs: Tribunal held that value was fair and when goods are wholly exempt from customs duty, there could be no motive in mis-declaration of value - These are questions of fact - No substantial question of Law: Supreme Court

New Delhi, October 09, 2015 I-T - Whether invocation of Sec 14A is automatic and comes into operation, without any exception, as soon as dividend income is claimed as exemption - NO: HC

Mumbai, October 09, 2015 ST - Amount of lease rent equalisation shown in Balance sheet is not an 'income' for the purposes of computing Income Tax- Resultantly, it is also not 'payment' actually received or receivable, and, therefore neither 'consideration' nor 'gross amount charged' - appellant is not liable to pay ST: CESTAT

Mumbai, October 09, 2015 Cus - Glucose Meters imported are used by individuals at home or at workplace - therefore, correctly classifiable under heading 90.27 - Heading 90.18 covers only those instruments which are used by professionals: CESTAT

New Delhi, October 08, 2015 CX - End use has positively been changed - printing has resulted into a product, i.e., paper with distinct character and use of its own which it did not bear earlier - activity amounts to manufacture and CX duty payable under 4811.90 - Revenue appeal allowed: Supreme Court

New Delhi, October 08, 2015 Cus - CVD - Notfn. 4/2006-CE which exempts only 'Ores' would not include 'concentrates' because of reason that after the insertion of Note 4, concentrate is to be treated as different product than ores, in law for purposes of products of Chapter 26 - Appeal dismissed: Supreme Court

Mumbai, October 08, 2015 CENVAT Credit availed by appellant's predecessor in respect of capital goods which were removed by appellant to their sister unit - no provision in CCR to demand duty from appellant: CESTAT

New Delhi, October 08, 2015 I-T - Whether income derived from foreign exchange fluctuation gain can be classified as 'any other receipts of similar nature' so as to justify exclusion while computing deduction u/s 80HHF - NO: ITAT

Chennai, October 08, 2015 Transfer of CENVAT Credit of Additional duty of Customs (SAD) under Rule 10A of CCR, 2004 - It is permissible to transfer credit accumulated before 01.04.2012: CESTAT

New Delhi, October 07, 2015 Cabinet approves Protocols for LOB and exchange of information in India-Israel & India-Vietnam DTAAs

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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

September 26, 2024

TP - Company merits being discarded as comparable for benchmarking purposes, where its products are entirely different from the products manufactured by assessee-company: ITAT

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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