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World Energy Congress 2024: IREDA CMD highlights need for Innovative Financing Solutions Voter turnout surpasses 50% by 4 PM in Phase 2 polls ST - Amendment made to FA, 1994 on 14.05.2015 making service tax applicable retrospectively on chit-fund business is only prospective - Refund payable of tax paid between 01.07.2012 to 13.05.2015: HC XI tells Blinken - China, US ought to be partners, not rivals ST - SVLDRS, 2019 - Amnesty Scheme, being of the nature of an exemption from the requirement to pay the actual tax due to the government, have to be considered strictly in favour of the revenue: HC CX - Issue involved is valuation of goods u/r 10A of CE Valuation Rules, 2000 - Appeal lies before Supreme Court: HC Cus - Smuggling - A person carrying any article on his belonging would be presumed to be aware of the contents of the articles being carried by him: HC Cus - Penalty that could be imposed for smuggling 3.2 kg of gold was Rs.88.40 lakhs, being the value of gold, but what is imposed is Rs.10 lakhs - Penalty not at all disproportionate: HC Cus - Keeping in mind the balance of convenience and irreparable injury which may be caused to Revenue, importer to continue indemnity bond of 115 crore and possession of confiscated diamonds to remain with department: HC Cus - OIA was passed in October 2022 remanding the matter to adjudicating authority but matter not yet disposed of - Six weeks' time granted to dispose proceedings: HC I-T - High Court need not intervene in matter involving factual issues; petitioner may utilise option of appeal: HC China asks Blinken to select between cooperation or confrontation I-T - Unexplained cash credit - additions u/s 68 unsustainable where based on conjecture & surmise alone: ITAT Honda to set up USD 11 bn EV plant in Canada Imran Khan banned from flaying State Institutions I-T - Income from sale of flats cannot be computed in assessee's hands, where legal possession of flats had not been handed over to buyers in that particular AY: ITAT Pro-Palestine demonstration spreads across US universities; 100 arrested I-T - Investment activities in venture capital which are not covered in negative list under Schedule III to SEBI Regulations, qualifies for deduction u/s 10(23FB): ITAT NATO asks China to stop backing Russia if keen to forge close ties with West NY top court quashes conviction of Harvey Weinstein in rape case


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New Delhi, December 18, 2014 CX - Banding of soap cakes with tapes pre-printed with brand & MRP of combo pack amounts to manufacture - appellant, however, paying ST on it - since appellant is in specified area of HP they are entitled for benefit of exemption - non-filing of declaration is curable defect: CESTAT

New Delhi, December 17, 2014 VAT - Whether mobile battery charger is integral part of cell phone and not an accessory and thus it is eligible of concessional rate of tax - NO: Supreme Court

Mumbai, December 17, 2014 ST - Commercialisation of practice of law - aspect that Advocate is an officer of Court and part of administration of justice has not been brushed aside by Parliament - Rather by rational differentiation it has proceeded to impose ST on legal services - Petitions dismissed: HC

Mumbai, December 17, 2014 CX - Aluminium dross and skimmings are not excisable - Tribunal has reached conclusion, which, no reasonable person in position could have reached - LB order quashed, Board Circulars of 2009 & 2011 cannot survive: HC

Mumbai, December 17, 2014 ST - Payments were made by ONGC to MPT merely for use of port limits to lay pipelines under land & seabed and not for receiving any service - Term 'wharfage' used is merely to determine compensation and not to determine nature of service: CESTAT

Bangalore, December 17, 2014 Income tax - Whether in case of Joint Development Agreement, transfer of land in lieu of developed area would crystallise only on the day developer hands over developed area - YES: ITAT

Mumbai, December 17, 2014 Cus - Steam Coal or Bituminous Coal - since Tariff defines bituminous coal by means of certain specifications and if they are satisfied, goods will have to be classified as bituminous coal only - commercial parlance cannot be adopted for classification - pre-deposit ordered: CESTAT

Allahabad, December 16, 2014 CX - Huge Shortage of finished goods found during stock taking - appellant offering no explanation but admitting shortage and paying duty - provisions of s.11AC for levy of penalty rightly attracted - appeal dismissed: High Court

New Delhi, December 16, 2014 ST - While interpretational support from later legislative developments is not to be spurned, such support is unwarranted when there exists no ambiguity - conversion of Management Consultancy into Business Consultancy Service would make no difference about appellants' liability: CESTAT

Mumbai, December 16, 2014 Wealth tax - Whether when husband gives interest-free cash loan to wife to buy residential house, such amounts are to be clubbed with net wealth of husband as it falls within purview of 'asset' as defined in Act - NO: ITAT

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