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World Energy Congress 2024: IREDA CMD highlights need for Innovative Financing Solutions Voter turnout surpasses 50% by 4 PM in Phase 2 polls 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 XI tells Blinken - China, US ought to be partners, not rivals 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 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 NY top court quashes conviction of Harvey Weinstein in rape case


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Mumbai, December 12, 2013 ST - Service engaged in is receiving goods, warehousing them, receiving dispatch orders from Ford India Ltd., arranging dispatch of goods, maintaining records of incoming shipments and deliveries - such activity is C& F Agents Services - Appeal dismissed: CESTAT

Bangalore, December 11, 2013 I-T - Whether failure on part of assessee to submit valuation certificate is a good enough reason for Revenue to levy capital gain tax - NO: HC

Mumbai, December 11, 2013 ST - Mobilisation Advance received is adjusted against running bills on which service tax is paid - delay in payment of service tax - pre-deposit ordered of Rs 30 lakhs towards interest: CESTAT

Mumbai, December 11, 2013 CX - As per Note 10 of Ch 28, two requirements were needed to be satisfied to term activity as manufacture - One, there should labeling or re-labeling & second is repacking from bulk packs - on perusal of SCN nowhere it is coming out that appellant has done labeling on gas cylinder: CESTAT

Mumbai, December 10, 2013 ST - Sodexho Meal Vouchers promote sale of goods & services - they are not similar to credit/debit cards - Appellant is providing business auxiliary service to its affiliates, hence ST demand correctly confirmed - Appeal dismissed: CESTAT

Chennai, December 10, 2013 I-T - Whether penalty can be imposed merely because assessee claimed deduction of liquidated damages provided for in contract but never filed a claim for the same - NO: High Court

Mumbai, December 10, 2013 CENVAT - Manipulation of Gate Register - Availment of Credit without goods being brought into factory - conduct shows guilty mind - Explanation to s. 11A(2B) comes into play and, therefore, reversal of credit would not help - respondent liable to interest: CESTAT

Hyderabad, December 09, 2013 I-T - Whether investment made by bank to comply with SLR requirement would constitute stock in trade and depreciation in value of the same is allowable deduction - YES: ITAT

Mumbai, December 09, 2013 ST - Coaching Service - Courses are academic in nature and covers broad spectrum of subjects - if appellant's argument is accepted then all graduation or even Ph.D will become Vocational - benefit of Notification No. 24/04-ST not available - Appeal dismissed: CESTAT

Mumbai, December 09, 2013 CX - s.4A - Affixing labels on packages in Customs area before they were marketed in DTA - as goods have been cleared on payment of CVD on MRP basis and no further activities were undertaken after clearance by Customs demand of duty of Rs 42 Cr is unsustainable in law: CESTAT

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