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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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
 
Ahmedabad, May 12, 2018
I-T - If ITAT has deleted additions for block period, it will not impact additions made in current AY: HC
 
Ahmedabad, May 11, 2018
I-T - HC cannot give finality to an issue even if, same was never discussed at time of original scrutiny assessment before AO: HC
 
Ahmedabad, May 11, 2018
I-T - Process of cutting and polishing diamonds amounts to manufacture and eligible for deduction u/s 10B of Act: HC
 
Ahmedabad, May 11, 2018
VAT - Over 400-day delay in Department's appeal due to misplacing of relevant documents by Govt Pleader's office is condonable: HC
 
Chandigarh, May 11, 2018
CX - CENVAT - Inputs sent to job worker returned as rejected/spoiled - no cause for denial of credit: CESTAT by Majority
 
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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.