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CBIC amends tariff value of silver; No change for other commodities High Level Official Delegation from Mauritius visits National Centre for Good Governance Govt hikes Minimum Wages vide enhanced VDA for unorganised workers TRAI mandates whitelisted URLs, APKS, or OTT links for SMS Traffic GST - 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: HC France backs India’s membership to Security Council GST - No opportunity of personal hearing as was requested while replying to SCN was given - Order set aside: HC Jaishankar calls for reforms of WTO, G20 & UN GST - 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: HC Family of 5 found dead in car in TN; Suicide suspected Alternative Global Value Chain - Is India going to be 'Next China'!IMF okays USD 7 bn loan to support Pak’s sinking economy Cus - Unreasoned order - Order spoke for itself - Revenue counsel tries his best to justify order but in the end had to throw in the towel: HC Bombay HC quashes govt clearance given after construction in Coastal area Prevent misuse of s.114AA of Customs Act Brazil keen to ink trade deal with EU GST - 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: HC Harris promises tax credit and investments to US manufacturers CBIC notifies HAG benefits to 22 IRS officers Nukes may deflect asteroid threatening earth: Scientists After Iranian death threat, Trump says Iran should be torn into pieces India, Australia working to strengthen ECTA through CECA: Goyal US Intel suggests Russia has secret war drones factory in China Survey reveals 31% Indians now use e-com platforms for ordering grocery India's coal imports see marginal increase amid surge in Power Generation


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Ahmedabad, May 08, 2018 I-T - When assessee admits cash deposits in accounts as undisclosed income which becomes NIL after AO allows set off of derivative loss, it is fit case for imposition of 100% penalty: HC

Chandigarh, May 08, 2018 CX - Allegation of availment of credit without receipt of inputs - Incomplete investigation - Appeal allowed: CESTAT by Majority

Mumbai, May 08, 2018 I-T - Club and hotel membership fee paid by assessee company on behalf of Director is not capital expenditure: ITAT

Mumbai, May 08, 2018 I-T - Department should not reopen settled assessments, simply relying on borrowed satisfaction from auditors: HC

Chennai, May 08, 2018 I-T - Adherence to procedural requirement for disposal of taxpayer's objections to reopening, is not indispensable, unless those objections are overruled: HC

Chandigarh, May 08, 2018 ST - Optional Extended Warranty Service - Money is collected irrespective of whether vehicle is attended or not and this is how it is different than service of repair - pre-deposit waived: CESTAT by Majority

Ahmedabad, May 07, 2018 I-T - Failure to take steps u/s 143(3) will not render AO powerless to resort to re-assessment when intimation u/s 143(1) stands issued: HC

Ahmedabad, May 07, 2018 I-T - When assessee newspaper fails to maintain separate books for two units, one being eligible for Sec 80-I benefits, it would be fair to divide income between them in proportion to circulations: HC

Ahmedabad, May 07, 2018 Income Tax - If construction work precedes transfer of immovable property, Section 54F benefit is not available: HC

Hyderabad, May 07, 2018 I-T - Only ascertained liability and not mere provision, is eligible for adjustment against book profit: ITAT Third Member

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