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Customs - First Schedule - Chapter 98 - Clarificatory explanation on 'laboratory chemical' insertedKentucky Sheriff accused of shooting dead District Judge inside courthouseCus - Gold seized from appellant & auctioned without considering cogent evidence furnished; seizure invalidated, auction proceeds be refunded with interest: CESTATIndia grants USD 50 mn budgetary support for one more year to MaldivesCX - Rule 4 of Central Excise Valuation Rules 2000 are rightly invoked where assessee suppresses material facts about clearance of finished goods to related entity: CESTATTMC disowns Minister’s statement that women were drinking during protestST - For the amenities provided by service recipient, the cost thereof cannot be included in assessable value of service in hands of appellant being service provider, therefore, demand is not sustainable: CESTATChina, India are not rivals rather cooperators, says Chinese envoyI-T - Revenue is not permitted to express different opinion based on very same facts disclosed during original assessment proceedings: HCIndia trashes report on Indian ammunition reaching UkraineI-T - No distinction to be made between direct and indirect expenses that are eligible for deduction under Section 35 D of the Income Tax Act: HCBiden hopeful of further cut in rates by FedI-T - Non-investment of sale consideration or portion thereof in designated capital gains would not come in way of assessee claiming exemption so long as assessee had invested said amount for construction: HCLanka to go to polls for New President tomorrowI-T - Assessee sought repeated adjournments without valid reason; costs of Rs 2000/- per appeal imposed on assessee; nevertheless, case remanded for de novo hearing, given tight scheduling of notices & interests of justice: ITATIsrael incinerates 1000 rocket launcher barrels of HezbollahI-T - Interest received by credit cooperative society from investment held, cannot be treated as it's operational income, as interest received is not from credit facilities provided to its members as envisaged u/s 80P(2)(a)(i): ITATSEBI hammer falls on Axis Capital; Ban imposed from acting as investment banker in debt marketI-T - Where DVO has power to estimate value independently & fails to do so, then PCIT's action to seek fresh report & revise the assessment, is outside scope of Section 263: ITATCJI asks lawyers to use SC Platform for recorded ordersNPS Vatsalya - FM launches pension scheme for minorsIP Saarthi - Govt launches AI/ML-based search engine for TrademarksNACIN hosts 3-day roundtable on IPR; Govt envisages greater role of Customs in IPR protectionUS Presidential Poll: Tall promises by Hopefuls elbow economy closer to tax-doom-loop!Fed lives up to global expectations; cuts interest rate by 0.5% - first cut in last 4 yearsMandaviya chairs meeting to provide Social Security to Gig and Platform WorkersCAQM announces revised GRAP schedule for Delhi-NCR
 
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Mumbai, February 17, 2015
ST - Sponsorship of sporting events were excluded from levy of ST - however, since appellant had wrongly collected ST from sponsors, they were required to pay same in cash - CCR, 2004 does not provide for utilisation of CENVAT credit for payment of amount specified in section 73A (2): CESTAT
 
Hyderabad, February 16, 2015
ST - Works Contract - Back to back agreement with sub-contractor - No works contract service provided by main contractor as deemed transfer of property in goods is between sub-contractor and contractee: CESTAT
 
Mumbai, February 16, 2015
Income tax - Whether when developer sells one-BHK flats and buyers merge them into one after purchase, developer would lose Sec 80IB(10) benefits merely because merged flats exceed the limit of 1000 sq feet - NO: ITAT
 
Mumbai, February 16, 2015
ST - Repairs Service - Appellant is providing services of repairs & maintenance of xerox machines on behalf of Modi Xerox who are his client - such service is liable to tax under 'Business auxiliary service' w.e.f. 10.09.2004 and not earlier - Demand set aside: CESTAT
 
Mumbai, February 16, 2015
Cus - Sampling size required for testing 'Latex Prophylactic Condoms' is 315 pieces whereas Drugs Testing Lab, Chennai took sample size of 45 pieces and this is serious discrepancy while concluding that goods were sub-standard - appeal allowed: CESTAT
 
Pune, February 15, 2015
Govt working on measures to infuse elements of predictability in policies and 'Ease of Doing' Business
 
New Delhi, February 14, 2015
BIS to develop Standards for Solid Waste Management and potable Drinking Water
 
Mumbai, February 14, 2015
ST - Assessee has allowed M/s Talreja Trade to use its brand name 'Pahili Dhar' for marketing 'country liquor' - minimum guarantee of profit per month assured by agent to assessee has been misunderstood as 'Royalty' which is not the fact - no Intellectual Property Service given: CESTAT
 
Jaipur, February 13, 2015
Income tax - Whether when AO fails to pinpoint any specific defect in expenditure claim except that claims were made on self-made vouchers, such expenses are to be disallowed even if they were incurred for business - NO: ITAT
 
Mumbai, February 13, 2015
Refund - when no ST is required to be paid on exports, sum debited in CENVAT a/c is required to be restored & sum paid in cash to be refunded - unjust enrichment does not arise in case of export of services: CESTAT
 
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