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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Allahabad, September 25, 2013
I-T - Whether when a central agency is engaged in combating money laundering, Income tax search based on inputs from such an agency would be against national interests - YES: HC
 
Bangalore, September 25, 2013
ST - Laying of optical fibre cables for BSNL and other telecom service providers - Not taxable - Prima facie case made out - Pre-deposit waived: CESTAT
 
Bangalore, September 25, 2013
CX - Instructions on Adjudication: Tribunal expects a reasoned speaking and fair order to be passed: CESTAT
 
New Delhi, September 24, 2013
CCEA okays Rs 485 Cr fund for construction of Rajaswa Bhawan National Tax Hqs at Kasturba Gandhi Marg
 
New Delhi, September 24, 2013
ODI by Indian Companies: RBI clarifies on applicability of Revised Guidelines
 
Allahabad, September 24, 2013
I-T - Whether an employer is competent to determine the allowances, which are exempt from tax - NO: Allahabad HC
 
Hyderabad, September 24, 2013
ST - Commercial Training or Coaching Services - Assessee who had already deposited Rs. 29 Cr for earlier period directed to deposit another Rs 25 Cr: HC
 
New Delhi, September 24, 2013
CX - Exemption to Education Cesses on goods cleared from J&K under Notification No 56/2002 - Whether matter needs to be referred to Larger bench - NO: Tribunal by majority
 
New Delhi, September 23, 2013
I-T - Whether ancillary profit like DEPB receipts can be said to be derived from industrial undertaking for purpose of claiming deduction u/s 80IC - NO: ITAT
 
Mumbai, September 23, 2013
ST - Whether appellant 'Vidarbha Cricket Association' is to be considered as 'Charitable Organization' & is to be held not liable to ST in respect of services rendered to its members under 'Club or Association Service' - Difference of opinion - reference to Third Member: CESTAT
 
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Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.