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
 
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Hyderabad, July 09, 2015
VAT - Whether in absence of any notice to levy penalty or interest prior to settlement of tax dispute, it is open to Revenue to pass further order for interest on sum which has already been paid - NO: HC
 
Ernakulam, July 09, 2015
I-T - Whether when assessee, on cancellation of purchase of flats, refunds sum with a part of excess amount collected from new purchaser, such excess payment is to be construed as interest, liable to TDS u/s 194A - NO: HC
 
Mumbai, July 09, 2015
CX - Job work - Detaining part of LDPE received from customer and replacing same by locally purchased cheaper LLDPE - difference in value is nothing but additional consideration and is required to be added in AV of final product Polyfilm: CESTAT
 
Mumbai, July 08, 2015
CENVAT - definition of 'input service' does not restrict that said services have to be rendered in factory premises of manufacturer - Services of inspecting vehicles at RTO is an Input service - Credit admissible - Appeals allowed: CESTAT
 
Bangalore, July 08, 2015
I-T - Whether if assessee is a secured creditor, in that case even Crown debt could be discharged only after debt of secured creditors stand discharged, so would happen with income tax dues - YES: HC
 
Ahmedabad, July 08, 2015
Delay beyond 30 days in filing appeal before Commissioner (Appeals) - HC has jurisdiction under Article 226 if specified circumstances exist: HC Larger Bench
 
Mumbai, July 08, 2015
Cus - Refund - Merely because sales contract with Railways mentions that same includes all taxes, it cannot be said that SAD has been recovered when CA certificate shows amount as receivable from Customs in Balance sheet: CESTAT
 
New Delhi, July 07, 2015
ST - CESTAT is a creature of very Act of which said Sec 35F is part and, therefore, it cannot go beyond provisions of Act which has created it - Pre-deposit is mandatory in respect of appeals filed after 06.08.2014 - Fact that SCN was issued before 06.08.2014 is of no relevance: CESTAT
 
Mumbai, July 07, 2015
CX - Tribunal has no power to dismiss petitioner's appeal without adjudication on merits - While condoning delay and restoring appeal, Tribunal could have imposed some reasonable conditions but even that has not been done: HC
 
New Delhi, July 07, 2015
I-T - Whether when assessee mainly provided link between companies floated by entry provider and no sum was paid for purchase of untraded shares, such sale and purchase is to be construed as sham - YES: HC
 
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