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Cabinet okays National Centre of Excellence for Animation, Visual Effects & GamingCabinet accepts recommendations of High-Level Committee on Simultaneous ElectionsCabinet gave approval for CHANDRAYAAN-4 MissionIncome tax collections till Sept 15 up by 16%After Moon and Mars, India sights science goals on VenusCabinet approves Pradhan Mantri Janjatiya Unnat Gram AbhiyanISRO to develop launch reusable vehicle with high payloadJapan, France to ink military pact by year-endFM holds 2nd review meeting on Capex for Ministry of RailwaysCyber fraud - posing as CBI officer - Railway staffer loses Rs 9 lakhGlobal Renewable Energy Meet: Investment commitments of Rs 32.45 lakh Cr poured: JoshiTupperware finally files for bankruptcyMinistry of Ports appoints Olympian Manu Bhaker as New Brand AmbassadorCoast Guard nabs 3 Lankan boats with 3 crew membersProvisional Attachment - Precaution, Persecution, Penury?Haryana election: Drugs, liquor worth about Rs 27 Crore seizedDak Ghar Niryat Kendra expands export services with automated IGST Refund facilityTrump says he will meet PM Modi next weekCentre asks Edible Oil Associations to maintain MRP of stocks imported at 0% & 12.5% BCDChina says tariff on EVs to damage GermanyVAT - If application for certified copy is made, then Authority receiving has duty to endorse such application, and inform applicant in writing of date when such certified copy would be ready for collection: HCIndia's World Heritage tally grows to 43 with addition of Moidams from AssamBlackRock, Microsoft to float USD 30 bn fund for AI InfrastructureCX - The refund cannot be rejected even if higher duty has been paid than what was payable because the refund is eligible for amount of duty paid by appellant: CESTATChief of Integrated Defence Staff to attend Indo-Pacific conference in HawaiiCus - If a speaking order was not passed within 15 days, the assessing officer cannot now be granted any extension to pass a speaking order: CESTATUN body says ozone layer is healing nowI-T - Information received from Investigating Unit of Revenue cannot be sole basis for forming belief that income of assessee has escaped assessment: HCScourge of wildfires engulf Portugal; 3 fire-fighters dieI-T - Revenue must condone delay in filing the Form 10B i.e. Audit Report so as to enable assessee trust to get exemption u/s 11, in case of genuine hardship in delay in submitting Form 10B: HC9 killed & 2800 injured as electronic pagers made in Taiwan, used by Hezbollah, simultaneously explode in Lebanon; Israeli hand suspectedIndia’s exports down by 9% to USD 34.7 bn in AugustElection credibility in worst decline in years: Institute for Democracy StudyNo demolition without SC permission, rules SCCleanliness has now become a people's movement: Piyush GoyalAdvancing Rulings - Buyer Beware!The Delay DynamicsGST needs Poland's 'split payment' regime
 
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Ahmedabad, February 26, 2014
CENVAT - Sales Commission are not Input Services - If there is any conflict between jurisdictional HC and Circular, decision of HC is binding on Revenue rather than Circular - Credit rightly denied by CESTAT - Appeal dismissed: HC
 
Mumbai, February 26, 2014
Cus - Boric Acid imported for non-insecticidal purpose - in view of Sect 38 of Insecticides Act appellants are not required to obtain any permission from Govt - they are entitled for benefit of DFIA Scheme: CESTAT
 
New Delhi, February 25, 2014
FTP - Refund of Terminal Excise Duty - Clearance to EOU - Deemed export entitled for refund of TED: High Court
 
New Delhi, February 25, 2014
Income tax - Whether mere filing of application for settlement adversely affects powers of Assessing Officer in any manner - NO: HC
 
Mumbai, February 25, 2014
CENVAT - Transfer of credit on sale of factory - Condition of transfer of liability is applicable when there is a change in site of factory - in present case, factory has not been shifted - only ownership changed - Matter remanded: CESTAT
 
Ahmedabad, February 24, 2014
FTP - DGFT has no power to legislate - power to frame Duty Drawback Rules can be legislated by Central Government only and same cannot be delegated to DGFT: High Court
 
Mumbai, February 24, 2014
Income tax - Whether if no materials are found during Search, AO is duty bound to go by original assessment and cannot made any additions u/s 153A - YES: ITAT
 
Mumbai, February 24, 2014
CX - It is most important that litigant must have confidence in process of litigation and that this confidence would be shaken if there is excessive delay between conclusion of hearing & delivery of judgment: HC
 
Mumbai, February 24, 2014
ST - Merely because service recipient did not pay tax initially, that would not take away service provider's liability - If this plea is accepted, it would make taxable event as receipt of tax which is not law: CESTAT
 
Mumbai, February 24, 2014
Cus - Export of rice - DRI alleging that what is sought to be exported is non-basmati - goods confiscated - as per DGFT, samples for testing to ascertain variety are to be sent to Agmark Centre - in present case samples sent to other agencies, so cannot be relied upon: CESTAT
 
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Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.