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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 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 I-T - Re-assessment is invalid where based only on a suspicion that income escaped assessment & where not based on concrete reasons to believe for commencing such proceedings : ITAT 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 Cus - When Department has not complied with time limit, the order issued for revocation of licence or order issued for continuation of suspension licence cannot sustain: CESTAT NY top court quashes conviction of Harvey Weinstein in rape case Weather prediction normal for phase 2 poll day IndiGo orders 30 Airbus A350s for long hauls ST - Appellant is an 'authorised medical practitioner' providing 'healthcare services' - services exempted in terms of clause 2(i) of notification 25/2012-ST: Commr(A)RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimes REC avails SACE-Covered Green Loan for 60.5 Billion Japanese Yen Study finds Coca-Cola accounts for 11% of branded plastic pollution worldwide Cus - 'Small Form-factor Pluggable Optical Transceivers' are classifiable under CTH 8517 7090 and not under CTH 8517 62 90 - entitled for benefit of duty concession under 57/2017-Cus: CESTAT DoNER discusses Development of Tourism in North East CX - Appellant is eligible for exemption under Notfn 12/2012-CE upon fulfilling all conditions stipulated therein, thus sufficiently establishing that goods dealt with by Appellants qualify for exemption: CESTAT


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New Delhi, September 04, 2014 CX - As per provisions of sub-section 9D(2), cross examination of witness, whose statement has been relied upon by adjudicating authority is must - CESTAT sets aside demand and remands matter

Mumbai, September 03, 2014 CX - Committee of Commissioners - signature of Commissioner has been obtained merely by circulation of file without appreciating facts of the case - authorization improper - Revenue appeal dismissed: CESTAT

Mumbai, September 03, 2014 CX - Pan Masala Packing Machines Rules - Default in payment of duty - 7th proviso of Rule 9 is not attracted for want of conditions precedent, being mis-declaration in total number of machines found to be operational by Revenue - demand not sustainable: CESTAT by Majority

Bangalore, September 03, 2014 I-T - Whether when assessee, a manufacturer of beer, advances loan to sister concern for setting up new line of business, such assistance can be characterised as expenditure incurred exclusively for business - NO: HC

Mumbai, September 03, 2014 Cus - Recovery proceedings against assets of another unit of Group Company of importer is not permissible u/s 142 in absence of evidence that entire import was at instance of Group Companies - High Court allows Writ

Chennai, September 03, 2014 Construction of Residential Complex service - Construction undertaken after transfer of undivided share of land - Case of appellant is prima facie covered by Circulars of 2006 & 2007 - Tribunal was not justified in ordering pre deposit - Appeal restored to Tribunal: HC

Mumbai, September 02, 2014 ST - Cable Operator - Once subscriber base figures are taken from written contract, which is in pursuance to TRAI Act, 1997 and regulations made thereunder, same is beyond challenge - Demand upheld: CESTAT

Mumbai, September 02, 2014 Cus - Drawback claim - Under garb of clarifying Rules, CBEC cannot incorporate a restriction/limitation which does not find place in Drawback Rules - clause (d) of CBEC letter dated 30.12.2011 struck down: High Court

Mumbai, September 02, 2014 ST - Appellant providing Advertising services by placing ads on behalf of clients in various print & electronic media - On volume discounts, rate difference and amounts written back - demands under BAS cannot be sustained in law: CESTAT

New Delhi, September 02, 2014 I-T - Whether provisions of Sec 43A will apply even if FCNR loan is taken not for acquisition of capital assets but to repay debentures - NO: HC

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