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CBIC amends tariff value of silver; No change for other commodities High Level Official Delegation from Mauritius visits National Centre for Good Governance Govt hikes Minimum Wages vide enhanced VDA for unorganised workers TRAI mandates whitelisted URLs, APKS, or OTT links for SMS Traffic GST - 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: HC France backs India’s membership to Security Council GST - No opportunity of personal hearing as was requested while replying to SCN was given - Order set aside: HC Jaishankar calls for reforms of WTO, G20 & UN GST - 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: HC Family of 5 found dead in car in TN; Suicide suspected Alternative Global Value Chain - Is India going to be 'Next China'!IMF okays USD 7 bn loan to support Pak’s sinking economy Cus - Unreasoned order - Order spoke for itself - Revenue counsel tries his best to justify order but in the end had to throw in the towel: HC Bombay HC quashes govt clearance given after construction in Coastal area Prevent misuse of s.114AA of Customs Act Brazil keen to ink trade deal with EU GST - 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: HC Harris promises tax credit and investments to US manufacturers CBIC notifies HAG benefits to 22 IRS officers Nukes may deflect asteroid threatening earth: Scientists After Iranian death threat, Trump says Iran should be torn into pieces India, Australia working to strengthen ECTA through CECA: Goyal US Intel suggests Russia has secret war drones factory in China Survey reveals 31% Indians now use e-com platforms for ordering grocery India's coal imports see marginal increase amid surge in Power Generation


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New Delhi, August 02, 2013 I-T - Whether when assessee writes off security deposits paid against leased premises as ordinary business loss it can be construed as revenue expenditure - YES: ITAT

Ahmedabad, August 02, 2013 ST - Penalty - Legislation is operative proprio vigore on enactment - No person therefore, could reasonably harbour any manner of doubt that when legislation is under challenge, challenged legislation is in eclipse to be upheld - s. 73(3) cannot be invoked to not impose penalty: CESTAT

New Delhi, August 01, 2013 CX - Notf. 6/2001 - For purpose of computing exempted first clearance of 3500 MT of Paper, weight of manufactured wrapping paper used to wrap Duplex board is required to be included - Revenue interest cannot be buried - Order set aside and duty confirmed: CESTAT by Majority

New Delhi, August 01, 2013 I-T - Whether income earned from betting placed on live telecast of horse race falls within the purview of royalty, and hence, is liable to TDS - NO: ITAT

New Delhi, August 01, 2013 ST - BAS - since appellants are providing various services to IBP Company and are covered under Clause (i), (iii) & (iv) of definition of BAS apart from being Commission Agent, benefit of Notification 13/2003 has rightly been denied: CESTAT

Pune, July 31, 2013 I-T - Whether if advance received on sale of property prior to its registration is invested in specified assets, Sec 54EC benefits are available on such investment - YES: ITAT

Mumbai, July 31, 2013 ST � Definition of 'Vocational Training' in Notfn 3/2010 cannot be applied retrospectively - It is impermissible for any authority to enforce provisions to interpret Act by resorting to assumptions - Adjudication order is fallacious, hence quashed: CESTAT

Mumbai, July 31, 2013 Cus - Import of GSM Dual SIM Mobile phones having one IMEI number - Customs confiscates as phones do not have two IMEI numbers - since it is not a case of Revenue that mobile handsets are with Zeroes IMEI, import cannot be prohibited: CESTAT

New Delhi, July 30, 2013 I-T - Whether money kept in escrow account for a specific purpose can be demanded by Revenue u/s 226 to clear income tax liability - NO: Delhi HC

New Delhi, July 30, 2013 CX - CENVAT Credit taken wrongly, not utilised, but reversed - no interest, no penalty: CESTAT

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September 26, 2024

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