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CBIC revises tariff value of edible oils, gold & silverFormer IPS officer Sanjiv Bhatt jailed for 20 yrs for planting drugs to frame lawyerCentre receives Rs 18.5 lakh crore tax revenue upto Feb monthUN says Households waste across world is now at least one billion meals a dayExpert Committee on developing GIFT IFSC as 'Global Finance and Accounting Hub' submits report to IFSCAIndia, China hold fresh dialogue for complete disengagement on Western borders: MEADefence Production issues notification for re-organisation of DGQAThakur says India is prepared for 2036 OlympicsCBDT substitutes Form in ITR-5EV Revolution: Lessons for India to learn from US and China!London court green-signals auction of luxury apartment of fugitive Nirav ModiGovt consults RBI; finalises borrowing plan for first half of FY 2024-25Gadkari says Farmers’ protest is politically-motivatedVP calls upon women entrepreneurs to be 'Vocal for Local'America offers USD 10 mn bounty for information on ‘Blackcat’ hackers after UnitedHealth gets hitI-T- The order of the ITSC can only be reopened in cases of fraud or misrepresentation: HC8 persons including Hezbollah militants killed in Israeli strike on LebanonMacron pillories EU-South Africa trade deal; calls it ‘really bad’ in BrazilThailand’s Lower House okays Bill to legitimise same-sex marriageYellen warns China against clean energy dumpingMilky Way’s central black hole - Twisted magnetic field observedCus - Assessee has not proved beyond reasonable doubt that goods in question imported under air way bills/bills of entry were in fact filed by him and hence the only natural corollary available to Revenue is confiscation of same: CESTATSmall investors help Trump Media’s valuation skyrocket to USD 13 billionJustice Ritu Raj Awasthi joins as Judicial member of Lokpal
 
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Chennai, September 16, 2015
As every assessee would like, appellant is not interested in resolving conflict between rules and statute, but interested only in getting their money back - High Court allows refund of duty paid on goods returned
 
Mumbai, September 16, 2015
ST - Revenue cannot invoke extended period of limitation when records of assessee were audited by officers once but no short payment was noticed: CESTAT
 
Mumbai, September 16, 2015
CX - Valuation - Post 01.07.2000 refinery has to discharge Excise Duty on transaction value which is collected from Oil Marketing Company by issuing commercial invoices: CESTAT Larger Bench
 
New Delhi, September 16, 2015
I-T - Whether anonymous donations received by religious trust would fall within scope of Sec 115BBC and to be added to its income if activity of Trust is spiritual and not religious - NO: High Court
 
Mumbai, September 16, 2015
CX - Respondent selling confectionery to bottlers of Coca Cola - agreement mandated that they advertise and promote respondent's products - this requirement is to be treated as additional consideration: CESTAT
 
Mumbai, September 16, 2015
Cus - Tax cannot be levied by acquiescence or agreement- Appellant not being importer, as also goods having been transshipped/re-exported, duty liability could not be fastened upon Appellant: CESTAT by Majority
 
Mumbai, September 15, 2015
ST - Appellant collecting amounts for rendering aerobics and yoga classes - services are correctly classifiable under Health and Fitness centre services and chargeable to ST - Appeal rejected: CESTAT
 
Mumbai, September 15, 2015
ST - Ownership of Property & providing of taxable renting of immovable Property service by four appellants in this case is in individual capacity and, therefore, their tax liability has been correctly determined by considering their individual rental receipts and not collective one: CESTAT
 
New Delhi, September 15, 2015
I-T - Whether where actual transfer of share in favour of transferee is done only at time of registration, period for which such shares were held till date of transfer is required to be considered for determining nature of capital gains arising on such transfer - YES: HC
 
Chennai, September 15, 2015
Cus - When duty was directed to be re-computed & only amount quantified is amount of penalty u/s 114AA, appellant was right in contending that his application was not actually application for waiver of pre-deposit condition, but for waiver of penalty imposed u/s 114AA: HC
 
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