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India-bound oil tanker struck by Houthi’s missiles in Red Sea RBI issues draft rules on digital lending CRPF senior official served notice of dismissal on charges of sexual harassment Columbia faculty blames leadership for police action against protesters Google to inject USD 3 bn investment in data centre in Indiana UN says clearing Gaza mounds of rubble to take 14 yrs Blinken says China trying to interfere US Presidential polls World Energy Congress 2024: IREDA CMD highlights need for Innovative Financing Solutions Voter turnout surpasses 50% by 4 PM in Phase 2 polls 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 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 - 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


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New Delhi, November 30, 2014 Govt denotifies 35 SEZs; Cancellation allowed only on payment of all duty and tax benefits availed by developer

New Delhi, November 30, 2014 Plastic Notes of Rs 10: RBI going for field trial in five cities; New security features being introduced; New bank note paper mill being set up in Mysore

Mumbai, November 29, 2014 ST - Refund of CENVAT credit - What is relevant date for deciding limiting period of one year under Clause 6 of Appendix to Notf 5/2006-CE(NT) - Matter referred to CESTAT Larger Bench

New Delhi, November 29, 2014 Task Force for Export Facilitation calls for EDI level changes and simplification of procedures

Mumbai, November 28, 2014 Cus - Notfn. 21/2002 - To qualify as 'other alloy steel' if any one element is present in proportion specified, that would satisfy the requirement of Note 1(f) in Ch.72 even if other elements are not present in proportion specified : CESTAT by Majority

Chennai, November 28, 2014 Tribunal cannot go beyond scope of SCN and Order-in-Original - When plea of provisional assessment was never raised by Revenue, Tribunal cannot hold assessments are provisional - Matter remanded: HC

New Delhi, November 28, 2014 Income tax - Whether loss suffered on hedging for payment of interest and repayment of principal amount of loan in foreign currency is deductible as ascertained liability in computation of book profit u/s 115JB - YES: ITAT

Ahmedabad, November 27, 2014 Any stay order passed by CESTAT, if it is in force beyond 07.08.2014, it would continue till disposal of appeals and there is no need for filing any further applications for extension of orders granting stay either fully or partially: CESTAT

Mumbai, November 27, 2014 ST - Rule 4 provides for export of service without payment of tax as export is not exigible to tax - amount of tax deposited to be considered as deposit - no time limit for refund of deposit as s.11B applies to refund of duty only: CESTAT

Mumbai, November 27, 2014 Whether Income Tax Department can opt for forum-shopping by way of seeking shifting of an appeal pending before Division Bench to constitution of Special Bench - NO: Bombay HC

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