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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Chandigarh, July 05, 2013
I-T - Whether interest received for delayed payment from customers can be said to have direct nexus with sales of the Undertaking, and hence would be eligible for deduction u/s 80IA - YES: ITAT
 
Mumbai, July 05, 2013
Cus - Notfn 21/2002 - Whether to qualify as 'other alloy steel' not only one element is essential in proportion prescribed but if there are more than one elements all should be in proportion are essential - Difference of opinion - Matter referred to President: CESTAT
 
Mumbai, July 04, 2013
ST - By placing shares in private domain, no advice relating to conceptualizing, development or up-gradation of any working system of any organization could be said to have been rendered - classification done by Revenue under 'Management Consultancy Service' has no basis - appeal allowed: CESTAT
 
Bangalore, July 04, 2013
I-T - exemption - Whether the word 'aggregate annual receipts' of other educational institution is to be understood as clubbing of annual receipts of all educational institutions run by an assessee society - NO: HC
 
Bangalore, July 04, 2013
Customs - Fixed Wireless Terminals cannot be treated as cellular phones - Divergent views within Department - Extended period not invokable - Stay granted: CESTAT
 
Chennai, July 03, 2013
ST - 'levy of service tax on distributors/sub- distributors of films and exhibitors of movie' - Board Circular 148/2011 upheld: High Court
 
Cochin, July 03, 2013
I-T - Whether forex loss incurred in course of advancing loan to a Mauritius-based subsidary for acquiring another compay in South Africa is to be treated as capital loss - YES: ITAT
 
Chennai, July 03, 2013
CX - Reversal of CENVAT before issue of SCN - SCN does not detail grounds for penalty - application of Sec 11AC would depend upon existence or otherwise of conditions expressly stated in section - No penalty: HC
 
Lucknow, July 02, 2013
I-T - Whether adjournment should be granted in case where counsel for assessee has certain reservations against Judicial Member of Bench and representation was pending before ITAT President - NO: ITAT
 
Mumbai, July 02, 2013
ST - Appellant receives payment from concessionaires for display and sale of products from retail - prima facie activity falls under BSS as appellant seems to provide both infrastructural support & accounting of transactions services - Pre-deposit of Rs 1.7 Cr ordered: CESTAT
 
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AR not Afar by SK Rahman



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