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US Presidential Poll: Tall promises by Hopefuls elbow economy closer to tax-doom-loop!Sourav Ganguly goes to Police against cyberbullying Yadav calls for development of sustainable, Inclusive low-carbon transport systems Fed lives up to global expectations; cuts interest rate by 0.5% - first cut in last 4 years Mandaviya chairs meeting to provide Social Security to Gig and Platform Workers Cus - Import of Areca Nuts - Department did not follow procedure laid down by CBEC for verification or testing/re-testing, to establish true origin of goods; Nuts imported from Sri Lanka otherwise meet requirements for duty-free import under Notfn No 26/2000-Cus: CESTAT CAQM announces revised GRAP schedule for Delhi-NCR China to be on top of agenda at Quad meeting: White House Cus - No proper evidence is found towards Customs Officer's involvement in fraud, the allegation that appellant has actively colluded with Customs officials cannot legally sustain, penalty imposed on appellant also cannot sustain: CESTAT India's position is of a 'Vishwa Bandhu' in global world order: CDS Gen Anil Chauhan ST - The contracts being composite in nature and demand having been raised under Construction of Residential Complex Services, demand of service tax cannot sustain for the period after 01.07.2010 also: CESTAT Govt organises 'FAME's Success in Transforming India's EV Landscape: From Vision to Reality'Death toll rises to 21 in second wave of blasts in Lebanon - it was Walkie-Talkie after pager I-T - Miscellaneous income such as commission, discount charges, sale of wastages and diesel sales are to be treated as income derived from industrial undertaking: HC Germany halts exports of weapons to Israel I-T - If any statute has been enacted, there cannot be insertion of any word beyond the contents of the statute: HC I-T - Contributions to PF/ESI paid before the due date u/s 139(1) of the Act are allowable as deduction: ITAT Baltimore Bridge collapse: US seeks USD 100 mn compensation from Singapore-based ship owner I-T - No license is granted under Income tax Act to misuse presumptive scheme of taxation and camouflage undisclosed income from unexplained sources under guise of turnover/gross receipt: ITAT I-T - If no return of income is filed by tax-payer, then appeal can only be admitted by CIT (A) only when tax-payer has paid advance tax which was payable by him: ITAT Faux cybercrime platforms busted in global operations; 51 arrested by Europol I-T - Dismissal of assessee's appeal in limine by CIT(A), without going into merits of issues, solely due to non-appearance of assessee, is unsustainable, being in direct contravention of Section 250(6): ITAT I-T - CIT(A) has powers co-terminus with those of the AO and is permitted under law to make own inquiry or direct AO to inquire into the matter, in case of assessee's absence : ITAT IMF pauses Mission to Moscow after Kyiv protests Cabinet okays National Centre of Excellence for Animation, Visual Effects & Gaming Cabinet accepts recommendations of High-Level Committee on Simultaneous Elections Cabinet gave approval for CHANDRAYAAN-4 Mission Income tax collections till Sept 15 up by 16%After Moon and Mars, India sights science goals on Venus Cabinet approves Pradhan Mantri Janjatiya Unnat Gram Abhiyan ISRO to develop launch reusable vehicle with high payload Japan, France to ink military pact by year-end FM holds 2nd review meeting on Capex for Ministry of Railways Cyber fraud - posing as CBI officer - Railway staffer loses Rs 9 lakh Global Renewable Energy Meet: Investment commitments of Rs 32.45 lakh Cr poured: Joshi Provisional Attachment - Precaution, Persecution, Penury?Dak Ghar Niryat Kendra expands export services with automated IGST Refund facility The Delay Dynamics


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Chandigarh, August 24, 2018 CX - CENVAT - SCN not does not make express allegation of suppression or wilful misstatement, therefore, penalty set aside: CESTAT

Ahmedabad, August 23, 2018 Cus - Power project itself cannot be said to be goods - Goods which are imported are directly used in power project, cannot be said to be 'manufactured in India', therefore, claim of petitioner of deemed export drawback is rightly rejected: HC

Kolkata, August 23, 2018 I-T - Reimbursement of handling & warehousing collection charges to transporters doesn't attracts TDS obligation u/s 194C: ITAT

Chandigarh, August 23, 2018 CX - SCNs issued more than decade back and proceedings having not been concluded within reasonable time, same are quashed - words 'where it is possible to do so' in s.11A of CEA, 1944 will not stretch period to decades: HC

Chennai, August 22, 2018 I-T - Merely based on sworn statement contained in caveat petition filed before a Civil Court, addition cannot be sustained: ITAT

New Delhi, August 21, 2018 Income Tax - Claim for 100% deduction for 10 years, on grounds of substantial expansion, defeats purpose behind offering deduction u/s 80IC: SC

Allahabad, August 21, 2018 I-T - Collection of Tahbazari by licencee is not collection of toll and doesn't attract TCS: HC

Mumbai, August 21, 2018 ST - Issue of Kimberley Process certificate is a mandatory and statutory function and does not constitute provision of taxable service: CESTAT

Mumbai, August 21, 2018 I-T - Gross delay in seeking extraordinary writ remedy need not be entertained, unless backed by adequate reasons and absence of negligence on part of litigant: HC

New Delhi, August 21, 2018 CX - Though respondent retained a part of value of services, however, no part of service tax reflected in invoices was ever retained - CENVAT credit of service tax has to be allowed in full: CESTAT

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