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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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New Delhi, October 18, 2014 Swiss Revenue agrees to share information on names figuring in HSBC stolen data; Centre moves SC on confidentiality of tax treaty data

Mumbai, October 17, 2014 ST - Delay in payment of tax - Merely, because CENVAT credit is available in books of accounts, it does not mean that tax has been paid - demand of interest upheld - Revenue appeal allowed: CESTAT

Mumbai, October 17, 2014 CENVAT - Rule 7 - Prior to 01/04/ 2012 there was no bar on an Input service distributor to distribute credit which pertains to one unit to another unit - Credit rightly taken - Appeal allowed: CESTAT

Chennai, October 17, 2014 I-T- Whether penalty is warranted when assessee was under bonafide impression that he was 'person resident outside India' as defined under FEMA and has not offered interest income for tax due to wrong interpretations of law - NO: ITAT

Bern, October 16, 2014 Revenue Secretary leads delegation to Swiss Capital; urges counterpart to conclude AEOI on priority

Mumbai, October 16, 2014 ST - MIDC is statutory body constituted by Maharashtra Govt and is discharging statutory functions - Providing infrastructural facilities like roads, water, street light and collecting fees for same is not taxable service: CESTAT

Mumbai, October 16, 2014 CENVAT - Segregating defective Inputs and valuing them at lower rate for purpose of stock valuation is not equivalent to writing off value of inputs in books of account - no cause for reversal of credit: CESTAT

Mumbai, October 16, 2014 ST - If laying of cables cannot be taxable service, adopting same logic, laying of pipeline also cannot be construed as taxable service -Demand of Rs 7.6 Cr set aside by CESTAT

Pune, October 16, 2014 Income tax - Whether if it is found that assessee has made purchases at abnormally high prices from party that is not traceable, Revenue will have all legitimacy to reject books and tax gross profit on estimate basis - YES: ITAT

Ahmedabad, October 15, 2014 CENVAT - It will be inappropriate to say that interest provisions of s.11BB of CEA, 1944 are not applicable to refunds u/r 5 of CCR, 2004: CESTAT

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

September 26, 2024

TP - Assessment order quashed where TPO omits to follow directions given by DRP & ITAT; order erroneously includes non-AE revenue & non-AE cost for computing TP adjustment: ITAT

September 26, 2024

TP - Company merits being discarded as comparable for benchmarking purposes, where its products are entirely different from the products manufactured by assessee-company: ITAT

September 26, 2024

Constitution of India-Court acting under Article 226 doesnot have power to pass order without proper tangible material : HC

September 26, 2024

Trade Mark- Infringement of registered trademark is required to be considered by examining the overall commercial impression of two marks from standpoint of person of average intelligence and imperfect recollection: HC

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