News Update

CBDT extends due date for furnishing of ITRs & Audit ReportsGovt has stepped up disposal of onion from buffer stockGSTR-9 & 9C for FY 2018-19 - Deadline further Extended to Dec 31PM inaugurates Girnar ropeway in GujaratRajasthan HC decides to go for regular hearing from Nov 2GST Compensation - Centre borrows Rs 6K Crore for 16 StatesGovt issues details of scheme for grant of ex-gratia payment to borrowers who continued to pay EMI during lockdownRe-opening of assessment is unwarranted when there is no failure on part of assessee to make full & true disclosure of material facts: HCPM to meet CEOs of Global Oil & Gas CompaniesAdditions framed based on cancelled money receipt found in course of Search proceedings, are unsustainable, where not corroborated by any evidence: ITATJ&K grievance system integrated with Central Portal: MoSPayment made through banking channels is insufficient to establish genuineness of the transaction in respect of which such payment is made: ITATExemption granted u/s 10(23C) to an educational institution cannot be revoked where it is not established that such institution functioned with profit motive: ITATCBIC notifies Customs Authority for Advance Rulings in Delhi and MumbaiGovt committed to restoration for snow leopard habitat conservation: MoSCus - Case remanded for reconsideration where Adjudicating Authority passes contradictory order remanding the matter due to infringement of principles of natural justice, while concurrently enhancing value of the subject goods as per CVR 2007, without any reasons: CESTATCX - CENVAT credit of additional duty of customs paid on imported goods under Customs Notification 12/2012 dated March 17, 2012 is available for credit - Commissioner has mixed up rule 3(1)(i) and rule 3(1)(vii) of CCR: CESTATST - OIDAR - Ad-hoc Exemption Order will be applicable even if the demand is in respect of imported services since the Appellant is deemed to be a service provider u/s 66A of FA, 1994: CESTATFATF decides to keep Pakistan in grey listNTPC allowed to use drones for research and inspection of Power ProjectsIndia crosses landmark of 10 crore COVID-19 testsCus - Whether benefit u/s 28(2) is available - It is certainly not appropriate for the Bench to go into disputed questions of facts in writ proceedings: HCCBDT issues details Instructions for filing ITRs for AY 2020-21Tax Returns & Politicians - They necessarily make quaint & strange bedfellows!Cus - Seizure of areca nut - 'Reasons to believe' must be based upon acceptable materials, which have to be more than a moonshine: HCCus - Betel Nuts - Reasons given for seizure fail the test of 'Wednesbury principles' as no reasonable person can reach a conclusion about country of origin upon examination by naked eye: HCIncome tax raids 15 places in Srinagar and DelhiTo boost shipbuilding in India, Govt amends Right of First Refusal licensing conditions
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