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ST - Amendment made to FA, 1994 on 14.05.2015 making service tax applicable retrospectively on chit-fund business is only prospective - Refund payable of tax paid between 01.07.2012 to 13.05.2015: HC ST - SVLDRS, 2019 - Amnesty Scheme, being of the nature of an exemption from the requirement to pay the actual tax due to the government, have to be considered strictly in favour of the revenue: HC CX - Issue involved is valuation of goods u/r 10A of CE Valuation Rules, 2000 - Appeal lies before Supreme Court: HC Cus - Smuggling - A person carrying any article on his belonging would be presumed to be aware of the contents of the articles being carried by him: HC Cus - Penalty that could be imposed for smuggling 3.2 kg of gold was Rs.88.40 lakhs, being the value of gold, but what is imposed is Rs.10 lakhs - Penalty not at all disproportionate: HC Cus - Keeping in mind the balance of convenience and irreparable injury which may be caused to Revenue, importer to continue indemnity bond of 115 crore and possession of confiscated diamonds to remain with department: HC Cus - OIA was passed in October 2022 remanding the matter to adjudicating authority but matter not yet disposed of - Six weeks' time granted to dispose proceedings: HC I-T - High Court need not intervene in matter involving factual issues; petitioner may utilise option of appeal: HC China asks Blinken to select between cooperation or confrontation I-T - Unexplained cash credit - additions u/s 68 unsustainable where based on conjecture & surmise alone: ITAT Honda to set up USD 11 bn EV plant in Canada I-T - Re-assessment is invalid where based only on a suspicion that income escaped assessment & where not based on concrete reasons to believe for commencing such proceedings : ITAT Imran Khan banned from flaying State Institutions I-T - Income from sale of flats cannot be computed in assessee's hands, where legal possession of flats had not been handed over to buyers in that particular AY: ITAT Pro-Palestine demonstration spreads across US universities; 100 arrested I-T - Investment activities in venture capital which are not covered in negative list under Schedule III to SEBI Regulations, qualifies for deduction u/s 10(23FB): ITAT NATO asks China to stop backing Russia if keen to forge close ties with West Cus - When Department has not complied with time limit, the order issued for revocation of licence or order issued for continuation of suspension licence cannot sustain: CESTAT NY top court quashes conviction of Harvey Weinstein in rape case Weather prediction normal for phase 2 poll day IndiGo orders 30 Airbus A350s for long hauls ST - Appellant is an 'authorised medical practitioner' providing 'healthcare services' - services exempted in terms of clause 2(i) of notification 25/2012-ST: Commr(A)RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimes REC avails SACE-Covered Green Loan for 60.5 Billion Japanese Yen Study finds Coca-Cola accounts for 11% of branded plastic pollution worldwide Cus - 'Small Form-factor Pluggable Optical Transceivers' are classifiable under CTH 8517 7090 and not under CTH 8517 62 90 - entitled for benefit of duty concession under 57/2017-Cus: CESTAT DoNER discusses Development of Tourism in North East CX - Appellant is eligible for exemption under Notfn 12/2012-CE upon fulfilling all conditions stipulated therein, thus sufficiently establishing that goods dealt with by Appellants qualify for exemption: CESTAT


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Ahmedabad, May 14, 2018 VAT - Contractor using self-manufactured inputs in execution of works contract is eligible for composition of tax under state VAT Act: HC

Raipur, May 14, 2018 I-T - Notice served on assessee u/s 148 through a Chartered Accountant cannot be treated as valid notice based on which AO can finalise such proceedings: HC

Ahmedabad, May 14, 2018 I-T - Based on information received post assessment, regarding receipt of large number of fake share applications and bogus issue of share capital by assessee, reopening of assessment can be initiated : HC

New Delhi, May 14, 2018 Cus - Whether HC is mandatorily required to call for statement from Tribunal in every case where a reference is made u/s 130A � matter to be decided by larger Bench: SC

Chandigarh, May 14, 2018 CX - Letter acknowledged by Sector Officer is an intimation submitted to Asstt. Commr.� Benefit of 50/2003-CE available: CESTAT by Majority

Pune, May 14, 2018 I-T - Real Estate firms loses eligibility to Sec 80IB(10) benefits, once cumulative built up area of commercial establishments exceeds statutory limits: ITAT

Hyderabad, May 14, 2018 ST - Appellants imparting training for various national entrance tests which are integrated to their intermediate courses - predominant nature is imparting formal education - excluded from tax net: CESTAT

New Delhi, May 12, 2018 CX - Both Section 3 and 4 of CEA, 1944 operate in their respective fields -Measure of levy contemplated in Sec 4 of Act will not be controlled by nature of levy: SC Constitution Bench

Ahmedabad, May 12, 2018 ST - Petitioner is squeezed between two government departments - Instead of a case of unjust enrichment, it would be a case of unjust impoverishment: High Court

Ahmedabad, May 12, 2018 I-T - Settlement Commission - No findings relating to delay - Abatement is not maintainable: HC

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