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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 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

New Delhi, December 14, 2014 RBI sets up Committee to undertake mapping of shadow banks and assess risks

New York, December 14, 2014 World's largest survey by WHO, UNDP & UNODC - one in five girls sexually abused; one in four children physically abused

Bangalore, December 13, 2014 CENVAT - Agent is concerned with sale of goods to defence canteen only, which cannot be considered as sales promotion, for reason that in case of sales promotion, strategy is required to be adopted to motivate a large number of customers to expand business base - service not an Input service: CESTAT

Ernakulam, December 13, 2014 VAT - Whether if there is no privity of contract between contractee and sub-contractor, that would do away with principle of transfer of property by sub-contractor by employing same on property belonging to contractee - NO: HC

New Delhi, December 12, 2014 Black Money - SIT Report to Apex Court - French list - 201 names non-traceable; DRI directed to take action against 31 iron ore exporters

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