News Update

CBIC amends tariff value of silver; No change for other commoditiesHigh Level Official Delegation from Mauritius visits National Centre for Good GovernanceGovt hikes Minimum Wages vide enhanced VDA for unorganised workersTRAI mandates whitelisted URLs, APKS, or OTT links for SMS TrafficGST - 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: HCFrance backs India’s membership to Security CouncilGST - No opportunity of personal hearing as was requested while replying to SCN was given - Order set aside: HCJaishankar calls for reforms of WTO, G20 & UNGST - 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: HCFamily of 5 found dead in car in TN; Suicide suspectedAlternative Global Value Chain - Is India going to be 'Next China'!IMF okays USD 7 bn loan to support Pak’s sinking economyCus - Unreasoned order - Order spoke for itself - Revenue counsel tries his best to justify order but in the end had to throw in the towel: HCBombay HC quashes govt clearance given after construction in Coastal areaPrevent misuse of s.114AA of Customs ActBrazil keen to ink trade deal with EUGST - 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: HCHarris promises tax credit and investments to US manufacturersCBIC notifies HAG benefits to 22 IRS officersNukes may deflect asteroid threatening earth: ScientistsAfter Iranian death threat, Trump says Iran should be torn into piecesIndia, Australia working to strengthen ECTA through CECA: GoyalUS Intel suggests Russia has secret war drones factory in ChinaSurvey reveals 31% Indians now use e-com platforms for ordering groceryIndia's coal imports see marginal increase amid surge in Power Generation
 
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New Delhi, September 29, 2013
India-USA Defence Cooperation: US to provide cutting edge technology to India
 
New York, September 28, 2013
PM, Obama call for more cooperation in areas of counter-terrorism, cyber space and global health security
 
New Delhi, September 28, 2013
Centre to host State Food Ministers' Meet for implementation of Food Security Act
 
New Delhi, September 27, 2013
Supreme Court Larger Bench upholds Raheja Development - 2005-TIOL-77-SC-CT
 
Ahmedabad, September 27, 2013
CX - interest liability arises under provisions of Section 11AB of Central Excise Act, 1944, and even prior to 11.05.2001: CESTAT Larger Bench
 
Mumbai, September 27, 2013
I-T - Whether income derived from airconditioning and other charges of let out property can be considered as income from other sources entitled for deduction of expenses u/s 57 - YES: ITAT
 
New Delhi, September 27, 2013
Cus - SAD Refunds - In case of provisional assessments, claim for refund can be made within one year of finalisation of assessment: Delhi HC
 
Hyderabad, September 26, 2013
I-T - Whether when running division of business is transferred to Group company as per amalgamation plan approved by High Court and no sale consideration is involved, even then such a transfer gives rise to capital gains taxable u/s 50B - NO: ITAT
 
Ernakulam, September 26, 2013
Cus - Recovery proceedings against defaulter - Properties in name of wife and sons of defaulter cannot be attached: High Court
 
Mumbai, September 26, 2013
ST - Public facility means facilities owned by Govts - Sports Stadium for conducting Games is non-commercial construction - merely because some amount is charged for using facility, it cannot become commercial - Appellant not liable to ST: CESTAT
 
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TIOL Tube brings you an interview with former US Secretary of Treasury, Mr. Larry Summers who was recently in Delhi.

AR not Afar by SK Rahman



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.