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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Ahmedabad, October 04, 2018
I-T - Members of HUF are prohibited from individually pursuing remedies against same cause of action, once KARTA has initiated litigation and there is no allegation of misfeasance against Karta: HC
 
Chennai, October 04, 2018
Cus - Clerical error/accidental slip or omission, can be corrected at any time and on making such correction, consequential return of customs duty available: HC
 
New Delhi, October 03, 2018
GST - Clean Energy Cess - Compensation to States Act, 2017 not beyond legislative competence of Parliament: SC
 
Ahmedabad, October 03, 2018
GST - Time-limit in rule 117(1) of CGST not ultra vires - annihilating time limit would lead to utter economic chaos: HC
 
Mumbai, October 03, 2018
I-T - If a project fails to take off due to some reasons, investments made cannot be written off as bad debts: ITAT
 
Chennai, October 03, 2018
ST - Order, though passed by considering merits, cannot be sustained, since passed without following principles of natural justice: HC
 
Chennai, October 01, 2018
Cus - Provisional release - Non-cooperative attitude of assessee is also to be borne in mind: High Court
 
Bangalore, October 01, 2018
CT - Order suffers from malice-in-facts as well as malice-in-law - exemplary costs imposed on officer for passing whimsical order: HC
 
Hyderabad, October 01, 2018
I-T - If rental advance is adjusted against lock-in period liabilities, such loss is to be treated as business loss.: ITAT
 
New Delhi, September 29, 2018
I-T - Search Year is to be treated within block period and assessment should be framed u/s 153C only after issuing proper notice: ITAT
 
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TIOL Tube brings you an interview with former US Secretary of Treasury, Mr. Larry Summers who was recently in Delhi.

AR not Afar by SK Rahman



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.