News Update

CBIC prescribes revised procedure for making payment of CEX and ST arrears under new CBIC-GST Integrated portalCBIC increases Tariff value of GoldMere non-disclosure of receipt would not automatically imply escapement of income chargeable to tax from assessment: HCGovt setting up four Plastic Parks as per SchemeAll support for e-Commerce companies promoting Exports: GoyalLTC - Clarification on easing of rules for travel by air to visit N-E, J&K and AndamanTaxes mistakenly paid, must not be retained by Revenue Department: HCAnti-dumping duty on import of Paracetamol - Date extended up to July 9, 2019CGST - Much before notice u/s 46 came to be issued or rather, much before assessment could be undertaken u/s 62, authority straightway proceeded to pass orders of provisional attachment of goods as well as Bank A/c & which action is not in accordance with law - orders quashed: HCPompeo’s visit to New Delhi - MoU for defence tech transfer on the cardsST - Appellant has really not gained anything by instituting appeal beyond prescribed period of limitation, therefore, it cannot be said that no 'sufficient cause' was made out to explain delay of 102 days in institution of appeal - Appeal allowed: HCIf no construction is carried out on piece of land, it cannot be treated as 'stock in trade' merely because it is shown as same in books of account: ITATHousing for All by 2022 - All-out efforts to be made, says PMST - Refund - An assessee is not entitled to take advantage of a decision rendered in a case filed by another person to get extension of the period of limitation: HCDeduction claimed on account of insurance fee & registration charges merits disallowance, if taxpayer fails to demonstrate their genuineness: ITATCX - Quoting wrong assessee code - As long as duty is paid and credited duly to GOI account, procedural infractions which are curable in nature will not nullify such payments - Demanding such duty second time is certainly harsh and has no sanction of law: CESTATRecognition u/s 80G granted to Trust merits extension if its charitable nature do not undergo any change in precedings AYs: ITATCX - Software is an integral part of computer systems, though shown separately in invoices - value of software has to be included in AV for payment of Excise Duty: CESTATTaxpayer need not be penalised if interest paid by him on share capital at higher rate is found bonafide: ITATCus - Goods missing from CFS - duty demand confirmed but o-in-o appears contradictory inasmuch once proceedings under Regulation 11 & 12 were dropped, penalty could not have been imposed: CESTATAnti-dumping duty on Paracetamol imported from PR China extended till July 9, 2019Definitive Countervailing duty imposed on 'New/unused pneumatic radial tyres with or without tubes and/or flap of rubber (including tubeless tyres)' used in buses and lorries/trucks imported from PR ChinaTwo separate low housing projects constructed on common land should not be construed as one, so as to disallow statutory relief available u/s 80IB(10): HCGovt approves CPC 2.0; Rs 1.6 lakh crore refund processedWhether if assessee purchaser demonstrates discharge of tax liability to seller, benefit of input tax cannot be deprived to such buyer - YES: HC
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