News Update

CBIC amends tariff value of silver; No change for other commoditiesHigh Level Official Delegation from Mauritius visits National Centre for Good GovernanceGovt hikes Minimum Wages vide enhanced VDA for unorganised workersTRAI mandates whitelisted URLs, APKS, or OTT links for SMS TrafficGST - 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: HCFrance backs India’s membership to Security CouncilGST - No opportunity of personal hearing as was requested while replying to SCN was given - Order set aside: HCJaishankar calls for reforms of WTO, G20 & UNGST - 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: HCFamily of 5 found dead in car in TN; Suicide suspectedAlternative Global Value Chain - Is India going to be 'Next China'!IMF okays USD 7 bn loan to support Pak’s sinking economyCus - Unreasoned order - Order spoke for itself - Revenue counsel tries his best to justify order but in the end had to throw in the towel: HCBombay HC quashes govt clearance given after construction in Coastal areaPrevent misuse of s.114AA of Customs ActBrazil keen to ink trade deal with EUGST - 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: HCHarris promises tax credit and investments to US manufacturersCBIC notifies HAG benefits to 22 IRS officersNukes may deflect asteroid threatening earth: ScientistsAfter Iranian death threat, Trump says Iran should be torn into piecesIndia, Australia working to strengthen ECTA through CECA: GoyalUS Intel suggests Russia has secret war drones factory in ChinaSurvey reveals 31% Indians now use e-com platforms for ordering groceryIndia's coal imports see marginal increase amid surge in Power Generation
 
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New Delhi, November 02, 2014
India signs MoU for setting up efficient protocols to faciliate organ donation and transplantation
 
New York, November 02, 2014
Reduction in exposure of mercury to human health: 128 countries signed global treaty but not even 50 have ratified so far: UN Rapporteur
 
New Delhi, November 01, 2014
PM asks All Secretaries 'Pehle paas paas aaiye; phir saath saath chaliye'
 
New Delhi, November 01, 2014
Major focus of Govt is to bring back growth momentum in economy: FM
 
New Delhi, November 01, 2014
CE - At rectification of mistake stage, re-appreciation of evidence is not permissible - If appellant is aggrieved of same, remedy lies in filing an appeal-ROM application dismissed: CESTAT
 
New Delhi, October 31, 2014
Cus - Exemption to goods imported for Common Wealth Games - Exemption extended to suppliers, contractors & vendors of Organising Committee by amending Notifn No 84/2010 cannot be applied retrospectively: CESTAT
 
New Delhi, October 31, 2014
Income tax - Whether when income of assessee is finally assessed u/s 115JB and not under normal provisions of Act, addition can still be made with respect to income determined under normal provisions - NO: ITAT
 
Hyderabad, October 31, 2014
CX - Balance sheet figures included quantity of re-rolled products traded - demand on differential quantity dropped by CCE & Revenue appeal dismissed by Tribunal - in grounds taken by Revenue, there hardly exists any element of law - Reference rejected: HC
 
Mumbai, October 30, 2014
Cus - A trader-importer, who paid SAD & who discharged VAT or ST liability on subsequent sale, and who issued invoices without indicating details of duty paid would be entitled to benefit of Notifn 102/2007: CESTAT
 
Mumbai, October 30, 2014
Income tax - Whether provisions of Sec 14A come into play only after AO first examines disallowance made by assessee itself and then AO is not satisfied with same - YES: ITAT
 
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TIOL Tube brings you an interview with former US Secretary of Treasury, Mr. Larry Summers who was recently in Delhi.

AR not Afar by SK Rahman



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.