News Update

Cabinet nod for three-tier panchayat system in J&K plus productivity-linked bonus to govt employeesProliferate Litigation as much as you canIt is trite law that any refund payable to an assessee has to be disbursed at time of issuance of order u/s 143(1), unless the order withholding the refund has been passed u/s 241A: HCAmalgamation of companies - it is necessary for the amalgamated company to satisfy the mandate of provisions u/s 72A before claiming set off of accumulated loss incurred by the amalgamating company: HCLoss incurred on account of cancellation of forward contracts does not qualify as speculative losses falling within the provisions of Section 43(5): HCAn amount received by assessee on the transfer of family asset would attract the provisions of capital gains, when the same was a part of a family settlement: ITATBihar Polls - Black money worth Rs 35.26 crores & Nepali currencies seizedST - Refund - Findings should only be confined to ascertain whether requirement of Rule 5 of CCR has been complied with or not and establishment of nexus of services cannot be insisted upon: CESTATPradhan inaugurates H-CNG Plant & launches trials in DelhiPayroll data: EPFO adds 10.06 lakh net subscribers in Aug 2020Cus - Department cannot reclassify the goods unilaterally on the basis of the examination report of officers alone and by ignoring pre-shipment inspection certificate: CESTATST - Insurance service provided by Deposit Insurance and Credit Guarantee Corporation to banks is an 'input service', CENVAT credit admissible: CESTATCX - Clandestine removal - Such charges cannot be sustained based on private records & must be established through clinching evidence - moreover, duty demand & penalty are unsustainable as assessee's request to cross examine relevant witnesses was denied: CESTATJio, Qualcomm join hands to toy with 5GIndia amends import tariff of Polybutadiene Rubber under India-Korea CEPA + CBIC issues instruction for OTP-based contactless delivery of international courier packetsJournalist’s alleged killing - Saudi crown prince sued in US CourtCOVID-19: India’s caseload dips below 50K per dayFrom frying pan to fire? - Service of street lighting is classifiable under heading 9991 12 and attracts GST @18%: AAARIndia to go ahead with trade talks with TaiwanPrinting is a service rendered by appellant to himself in order to execute the supply of trade advertising material - supply is of goods [SH 4911 10] attracting GST @12%: AAARRejection order on ROM application does not merge with the original advance ruling: AAARROM order passed by AAR is not appealable u/s 100 of the CGST Act, 2017: AAARRules transgress s.30 of the SEZ Act and also misread Customs ActHenna powder - classification under GST regime