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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Mumbai, July 16, 2013
ST - Tour Operator - Appellant enters into agreements with various Cos for providing transport to employees from residence to office & back - benefit of notfn. 20/2009 not available as notification excludes hire services - Pre- deposit ordered: CESTAT
 
New Delhi, July 15, 2013
I-T - Whether it is mandatory for Settlement Commission to record findings on full disclosure of particulars of undisclosed income and 'the manner' in which such income was derived by assessee - NO: Delhi HC
 
Mumbai, July 15, 2013
ST - Notional interest on security deposit for rented premises - whether to be treated as additional sum for payment of ST - Pre-deposit waived and stay granted: CESTAT
 
Mumbai, July 15, 2013
Cus - Notfn. 21/2002 - Whether Metropolitan Regional Devt Authority is Road Construction Corpn under control of State of Maharashtra or not? - As there are divergent views of Tribunal on same issue, matter referred to President for constituting Larger Bench: CESTAT
 
Guwahati, July 14, 2013
I-T - Whether when assessee receives subsidies like transport, power, insurance & interest, they go to reduce expenses of Industrial Undertaking eligible for Sec 80IB benefits - YES: HC
 
New York, July 14, 2013
World cereal production set to reach historic high in 2013: FAO
 
New Delhi, July 13, 2013
Govt keen to resolve tax disputes involving foreign companies in India: MoS(R)
 
New Delhi, July 13, 2013
Sibal hands over Rs 961 Cr investment subsidy to Electronics system manufacturing hub
 
New Delhi, July 12, 2013
Import of Cars - Cars manufactured in America and transshipped to India via Dubai and Thailand - Cannot be treated as imported from USA - Tribunal by Majority upholds confiscation
 
Chennai, July 12, 2013
Whether a partnership firm having 20 partners, can treat existing individual partner in representative capacity of another firm so that they become entitled for profit - Invocation of Sec 263 upheld: ITAT
 
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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.