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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Ahmedabad, May 27, 2013
I-T - Whether when assessee receives a gift from a relative in HUF capacity, exemption u/s 56(2)(v) cannot be denied as term 'relative' is very much covered by provisions of Sec 56 - YES: ITAT
 
Mumbai, May 27, 2013
ST - there is no transfer of any IPR to CBU from appellant - commercial interest of bottling unit is to earn consideration for manufacturing alcoholic beverages - no liability of ST under 'Franchise Service': CESTAT
 
Mumbai, May 27, 2013
Cus - since parts imported from China are duplicate, their prices are not comparable with prices of authorized service centres - Order set aside: CESTAT
 
New Delhi, May 26, 2013
UIDAI launches Aadhaar based Iris Authentication, eKYC, One Time PIN New Services and Permanent Enrolment Centres
 
New Delhi, May 26, 2013
Fixing virus in Sports: AG favours independent law in place of IPC amendments; Draft Legislation to be ready in few days: Sibal
 
Brussels, May 25, 2013
EU Council calls for tougher stance on tax evasion
 
Mumbai, May 25, 2013
Cus - on one hand, Commissioner(A) has recorded that confiscation u/s 111(m) is not sustainable but at same time directed appellant to pay duty on enhanced value - Matter remanded: CESTAT
 
Mumbai, May 24, 2013
I-T - Whether when assessee specialises in transforming raw food materials into therapeutic food by adopting customised processes, it cannot be denied Sec 80IB benefits - YES: ITAT
 
Mumbai, May 24, 2013
ST - Appellant, car dealer, undertook activity of registration of new cars with RTO - amounts collected from buyer are towards statutory dues - demand of ST on 'excess' collection under 'BSS' not sustainable: CESTAT
 
New Delhi, May 24, 2013
CX - S. 35B - Committee wisdom - Mere appending signatures in note sheet is not review - Revenue appeal rejected: CESTAT
 
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Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.