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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Bangalore, July 10, 2018
CX - Excise Officer chose to put public money in precious man hours and other resources in whirlpool of litigation at various forums which was absolutely unnecessary: HC
 
Mumbai, July 10, 2018
I-T - Liability acknowledged by assessee as payable in Balance Sheet cannot be considered as cessation, merely because liability is outstanding for long time, where creditor has not waived off amount : ITAT
 
New Delhi, July 09, 2018
I-T - When 'Authority' is established by or under an Act, its banker not liable to TDS on payments made to it u/s 194A: Supreme Court
 
Mumbai, July 09, 2018
I-T - Expenses incurred by company on foreign higher education of one of its director's son cannot be allowed as deduction u/s 37 as business expenditure: HC
 
Ahmedabad, July 09, 2018
Sales Tax - Amount paid under relief scheme cannot be sought to be adjusted exclusively against principal amount of tax dues: HC
 
Chennai, July 09, 2018
ST - When service tax is paid by mistake, a claim for refund cannot be barred by limitation: HC
 
Chandigarh, July 09, 2018
I-T - Applicant cannot be debarred from seeking registration of trust merely because application for registration was rejected in earlier AYs: ITAT
 
Chandigarh, July 07, 2018
I-T - Whether assessee is entitled to additional benefits over & above prescribed limits for possession of silver articles bequeathed on account of unregistered will: ITAT
 
Indore, July 06, 2018
Cus - For every issue, some or other case would be pending in HC or SC - same cannot cause fetter in exercise of quasi judicial or judicial functions of authorities or lower courts: HC
 
New Delhi, July 06, 2018
I-T - Additions for bogus purchases can be made based on incomplete purchase bill & illogical mode of transport used: ITAT
 
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Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.