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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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Bangalore, August 28, 2015 Cus - SCN u/s 124 - Petition seeking release of goods on ground that SCN was received after expiry of six months as stipulated u/s 110(2) - Petition dismissed as notice was despatched before expiry of six months: HC

Ahmedabad, August 28, 2015 I-T - Whether income from sale of property acquired in past can be claimed as capital gains when assessee, engaged in developing housing project, failed to declare same in books audited every year - NO: HC

Ranchi, August 28, 2015 ST - Chance taking petitioner - There is tendency of those persons who are liable to make payment of tax + interest + penalty to take chance before Court - Vigilant petitioner should have filed appeal within limitation period: HC

Allahabad, August 27, 2015 CX - S 35C(2A) - If main provision cannot be treated as mandatory, first, second and third proviso also cannot be treated as mandatory but directory - Three provisos have to advance cause of justice and not to defeat it: HC

Chandigarh, August 27, 2015 I-T - Whether when there is no pro rata transfer of land to developer, assessee can be made liable to pay capital gains tax for remaining land for which no payment was received as development agreement was cancelled due to various court orders - NO: HC

Mumbai, August 27, 2015 CX - While arriving at AV for RSP, an amount of abatement specified by notification can only be deducted - there is no provision under law to exclude warranty charges from RSP: CESTAT

New Delhi, August 26, 2015 CX - Classification - Vaseline Intensive Care Heel Guard is medicament: SC

New Delhi, August 26, 2015 Central Excise - Valuation - Cash Discount has to be taken into account in arriving at 'price' even under Section 4 as amended in 2000: Supreme Court

Bangalore, August 26, 2015 Customs - Interest on delayed refund - High Court condemns high-handedness of department - holds interest is payable after expiry of three months from date of claim - Awards additional interest of 9% on interest

Allahabad, August 26, 2015 I-T - Relief for UP Chief Minister's wife - Whether genuinity of loan transaction can be doubted merely on ground of its acceptance in cash, when cash is duly reflected in books and routed through banking channel - NO, rules High Court

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