News Update

CBIC revises tariff value of edible oils, gold & silverFormer IPS officer Sanjiv Bhatt jailed for 20 yrs for planting drugs to frame lawyerCentre receives Rs 18.5 lakh crore tax revenue upto Feb monthUN says Households waste across world is now at least one billion meals a dayExpert Committee on developing GIFT IFSC as 'Global Finance and Accounting Hub' submits report to IFSCAIndia, China hold fresh dialogue for complete disengagement on Western borders: MEADefence Production issues notification for re-organisation of DGQAThakur says India is prepared for 2036 OlympicsCBDT substitutes Form in ITR-5EV Revolution: Lessons for India to learn from US and China!London court green-signals auction of luxury apartment of fugitive Nirav ModiGovt consults RBI; finalises borrowing plan for first half of FY 2024-25Gadkari says Farmers’ protest is politically-motivatedVP calls upon women entrepreneurs to be 'Vocal for Local'America offers USD 10 mn bounty for information on ‘Blackcat’ hackers after UnitedHealth gets hitI-T- The order of the ITSC can only be reopened in cases of fraud or misrepresentation: HC8 persons including Hezbollah militants killed in Israeli strike on LebanonMacron pillories EU-South Africa trade deal; calls it ‘really bad’ in BrazilThailand’s Lower House okays Bill to legitimise same-sex marriageYellen warns China against clean energy dumpingMilky Way’s central black hole - Twisted magnetic field observedCus - Assessee has not proved beyond reasonable doubt that goods in question imported under air way bills/bills of entry were in fact filed by him and hence the only natural corollary available to Revenue is confiscation of same: CESTATSmall investors help Trump Media’s valuation skyrocket to USD 13 billionJustice Ritu Raj Awasthi joins as Judicial member of Lokpal
 
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New Delhi, October 03, 2014
Prime Minister Jan Dhan Yojna: About 5.3 Crore bank accounts opened so far - 3.12 Cr in rural India
 
Mumbai, October 03, 2014
ST - All judgments quoted by appellant were taken into consideration but it was not considered necessary to discuss every judgment for sake of brevity and only judgments passed by HC were discussed and order was based upon same - no mistake apparent from record: CESTAT
 
Rome, October 03, 2014
FAO Chief calls for 'paradigm shift' in global attitude towards agriculture
 
Nainital, October 02, 2014
CX - Rectified spirit attracting Nil rate of duty reported as storage loss - Credit availed of duty paid on Molasses is required to be reversed in view of rule 6(1) - Revenue's appeals allowed: HC
 
Athens, October 02, 2014
Destruction of mangroves faster than normal forest; costing USD 42 bn annually to global economy: UNEP
 
Kolkata, October 01, 2014
ST - Service tax is not payable on value of interest received on bill discounting facility extended by Appellant to its Customers as same is exempted in terms of Notfn. 29/2004-ST: CESTAT
 
Bilaspur, October 01, 2014
CENVAT Credit of Service Tax paid on outward transport - Delivery of goods at buyer's premises - Credit is not admissible of freight charges as they are not integral part of price of goods: HC
 
Hyderabad, October 01, 2014
Income tax - Whether penalty is warranted even in case where tax is paid to buy peace with the Revenue - NO: HC
 
Mumbai, October 01, 2014
ST - Services provided of overall management and administration for Aamby Valley project is correctly classifiable under category of Consulting Engineer Service & not under Real Estate Agent - Revenue appeal dismissed: CESTAT
 
New Delhi, September 30, 2014
ST - Main activity of agent is that he receives despatch orders & arranges clearance of goods on directions of principal - since appellant is free to sell goods to customers he cannot be said to be working as C&F agent: CESTAT
 
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