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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New Delhi, March 11, 2015
Income tax - Whether mere acceptance of proof of commission payments, agreements between parties and affidavits, by AO, will debar him from questioning whether expenses claimed u/s 37 are allowable - NO: Supreme Court
 
New Delhi, March 11, 2015
Income tax - Whether, for purpose of Sec 14A read with Rule 8D, there can be a situation where disallowance of expenditure can swallow entire tax exempt income - NO: HC
 
Mumbai, March 11, 2015
CX - benefit of partial exemption not availed - goods cleared at Tariff rate of duty under claim of rebate by debit in CENVAT account - this was not case of wrongful availment of credit - Revenue's appeal dismissed: HC
 
Mumbai, March 10, 2015
Even employees of smaller organization having less than 250 workers will be hungry and be required to be provided with canteen facility - Outdoor catering service is an Input service - Revenue appeal dismissed: CESTAT
 
New Delhi, March 10, 2015
Income tax - Whether initiation of Sec 153C proceedings against company which no longer exists on account of its merger with another company is bad in law - YES: ITAT
 
Mumbai, March 10, 2015
CE - Surprised by Revenue appeal - A clear rethink is necessary when blindly some ratio of Judgment of apex court and dehors factual position is relied upon to file frivolous Appeals - appeal dismissed: High Court
 
Chennai, March 09, 2015
ST - Theatre Artist Vs Movie Artist - Writ Petition challenging exemption given to Theatre Artists under Notification No 25/2012 as discriminatory - Petition has no merit: HC
 
Pune, March 09, 2015
Income tax - Whether 'customer base' acquired on account of transfer of business ownership of a company, is eligible for benefit of depreciation u/s 32(1)(ii) - YES: ITAT
 
Chennai, March 07, 2015
CBI arrests five Customs officials at Trichy Airport raids places in many States and seizes cash
 
Mumbai, March 07, 2015
ST - Refund - Notification 9/2009-ST - So long as there is an issue as to whether services consumed within SEZ are exempt or taxable, then, same would be having a relation to rate of duty -Appeals not maintainable: High Court
 
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AR not Afar by SK Rahman



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