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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, September 05, 2014 Income tax - Whether, for the purpose of taxation, cost of acquisition of tenancy right is to be taken as NIL in case of enhanced compensation - YES: HC

Mumbai, September 05, 2014 CX - Apart from cutting & slitting of coils, appellants are putting of layer of plastic for improving drawability & applying inter-leaving paper for protection of material for end use application - such activity is ancillary to completion of manufactured product and, therefore, amounts to manufacture: CESTAT

Mumbai, September 04, 2014 ST - Construction Service - if benefit of Notfn. 1/2006 is not considered while computing exemption and eligibility limits under Notfn. 6/2005, it would certainly result in taking away benefit granted under Notfn. 6/2005: CESTAT

Allahabad, September 04, 2014 VAT - Supply and Installation of Lifts, Elevators - Whether assessable as Works Contracts or Sale Contracts - Assessing Authority held as Sale contract - Revision allowed in view of the order in case of Kone Elevator India Pvt Ltd Vs. State of Tamil Nadu: HC

New Delhi, September 04, 2014 Income tax - Whether donation would become part of corpus where Resolution of donor company stated that shares would be transferred to trust and gift would be towards its corpus - YES: HC

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

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