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CBIC amends tariff value of silver; No change for other commodities High Level Official Delegation from Mauritius visits National Centre for Good Governance Govt hikes Minimum Wages vide enhanced VDA for unorganised workers TRAI mandates whitelisted URLs, APKS, or OTT links for SMS Traffic GST - 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: HC France backs India’s membership to Security Council GST - No opportunity of personal hearing as was requested while replying to SCN was given - Order set aside: HC Jaishankar calls for reforms of WTO, G20 & UN GST - 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: HC Family of 5 found dead in car in TN; Suicide suspected Alternative Global Value Chain - Is India going to be 'Next China'!IMF okays USD 7 bn loan to support Pak’s sinking economy Cus - Unreasoned order - Order spoke for itself - Revenue counsel tries his best to justify order but in the end had to throw in the towel: HC Bombay HC quashes govt clearance given after construction in Coastal area Prevent misuse of s.114AA of Customs Act Brazil keen to ink trade deal with EU GST - 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: HC Harris promises tax credit and investments to US manufacturers CBIC notifies HAG benefits to 22 IRS officers Nukes may deflect asteroid threatening earth: Scientists After Iranian death threat, Trump says Iran should be torn into pieces India, Australia working to strengthen ECTA through CECA: Goyal US Intel suggests Russia has secret war drones factory in China Survey reveals 31% Indians now use e-com platforms for ordering grocery India's coal imports see marginal increase amid surge in Power Generation


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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

New Delhi, December 16, 2014 COFEPOSA - Unexplained delay in passing and service of detention order - Also delay beyond 5 days in service of Grounds of Detention upon detenue with Relied upon Documents - Exceptional circumstances to justify delay absent - Detention order set aside: HC

Ahmedabad, December 15, 2014 CX - If views of Revenue are accepted then it will lead to chaos and absurdity - fabric received for processing has to be considered as 'deemed duty paid' & actual duty payment nature is not to be established: CESTAT LB

Mumbai, December 15, 2014 I-T - Whether redemption fine paid to Customs authority is compensatory in nature and thus, allowable as legitimate business expenditure - YES: ITAT

Mumbai, December 15, 2014 ST - O-in-O clearly states that appellant had availed CENVAT credit on Input services - Works Contract Scheme only requires that provider must not have taken Credit on inputs - no reason to deny option exercised by appellant: CESTAT

Ahmedabad, December 15, 2014 CX - Because petitioner paid interest of barely Rs. 12,000 through CENVAT instead of paying it in cash, all subsequent clearances were stigmatized by invoking rule 8(3A) - since this sub-rule has been struck down, all orders based on same cannot survive: HC

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