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GST - Neither SCN nor the order spell out the reasons for retrospective cancellation of registration, hence cannot be sustained: HCGST - Non-application of mind - If reply was unsatisfactory, details could have been sought - Record does not reflect that such exercise was done - Matter remitted: HCGST - Merely because a taxpayer has not filed returns for some period does not mean that registration is required to be cancelled with retrospective date also covering the period when returns were filed and taxpayer was compliant: HCGST - Petitioner's reply, although terse, is not taken into account while passing assessment orders - Petitioner put on terms, another opportunity provided: HCUnveil One Nation; One Debt Code; One Compliance Rule for Centre & StatesChina moves WTO against US tax subsidies for EVs & renewable energyMore on non-doms - The UK Spring Budget 2024 (See TII Edit)Notorious history-sheeter Mukhtar Ansari succumbs to cardiac arrest in UP jailTraining Program for Cambodian civil servants commences at MussoorieNY imposes USD 15 congestion taxCBIC revises tariff value of edible oils, gold & silver45 killed as bus races into ravine in South AfricaCBIC directs all Customs offices to remain open on Saturday & SundayBankman-Fried jailed for 25 yrs in FTX scamI-T- Once the citizen deposits the tax upon coming to know of his liability, it cannot be said that he has deliberately or willfully evaded the depositing of tax and interest in terms of Section 234A can be waived: HCHouthis attack continues in Red Sea; US military shoots down 4 dronesI-T- Secured creditor has priority charge over secured asset, over claims of I-T Department & other Departments; any excess amount recovered by Secured Creditor from auction of secured asset, over & above the dues payable to it, are to be remitted to the Departments: HCFederal Govt hands out USD 60 mn to rebuild collapsed bridge in BaltimoreI-T - Receipts of sale of scrap being part & parcel of activity and being proximate thereto would also be within ambit of gains derived from industrial undertaking for purpose of computing deduction u/s 80-IB: HCCanadian School Boards sue social media titans for 4 bn Canadian dollar in damagesI-T - Once assssee on year of reversal has paid taxes on excess provision and similar feature appeared in earlier years and assesee had payments for liquidated damages on delay of deliverables, no adverse inference can be drawn: HCFormer IPS officer Sanjiv Bhatt jailed for 20 yrs for planting drugs to frame lawyerST - Software development service & IT-enabled service provided by assessee was exempt from tax during relevant period, by virtue of CBEC's Notification & Circular; demands raised for such period not sustainable: CESTATUN says Households waste across world is now at least one billion meals a dayCus - Order rejecting exporter's request for conversion of Shipping Bills on grounds that the same has been made by exporter beyond period of three months from date of Let Export Order in terms of CBEC Circular No. 36/2010-Cus : CESTATIndia, China hold fresh dialogue for complete disengagement on Western borders: MEACus - No Cess is payable when Basic Customs Duty is found to be Nil: CESTATThakur says India is prepared for 2036 OlympicsCX - As per settled law, a right acquired as result of a statutory provision, cannot be taken away retrospectively unless said statutory provision so provides or by necessary implication has such effect: CESTAT
 
Page 47
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
 
New Delhi, September 28, 2018
GST - No profiteering made on sale of 'Hara Bhara Kabab Sub' - respondent had increased base price to make good loss which occurred due to denial of ITC post GST rate reduction: NAA
 
Mumbai, September 28, 2018
ST -'One-time' maintenance charges collected from flat buyers by builder not taxable : HC
 
Jaipur, September 28, 2018
I-T - Income being a share in AOP or BOIs is to be excluded while computing book profit u/s 115JB: ITAT
 
Ahmedabad, September 27, 2018
I-T - If additional relief claimed on basis of judicial precedents brings assessed income below returned income, appellate authority has jurisdiction to allow such deduction even if revised return was not filed: ITAT
 
Mumbai, September 27, 2018
ST - Once it is held that no penalty is imposable as non-payment of tax was not for wilful misstatement, then demand for extended period is also to be set aside: HC
 
Bangalore, September 26, 2018
I-T - If income is generated out of liquor trade, it has to be first taxed in hands of Excise Licencee, and distribution of surplus between conglomerates will take place only after payment of Income tax: HC
 
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