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I-T - Anything made taxable by rule-making authority u/s 17(2)(viii) should be 'perquisite' in form of 'fringe benefits or amenity': SCCus - Drawback - Revenue contends that appeal of exporter ought to have been dismissed by Tribunal as not maintainable since correct remedy was filing a revision application with Central government - Appeal disposed of: HCCus - CHA - AA has clearly brought out the modus adopted by the appellant and how he was a party to the entire under valuation exercise - Factual finding affirmed by Tribunal - No question of law arises for consideration: HCGST - Proper officer has not applied his mind while passing the order; confirmed demand by opining that reply is not satisfactory - Proper Officer is directed to withdraw all punitive actions taken against petitioner pursuant to impugned order: HCGST - Proper Officer had to at least consider the reply on merits and then form an opinion - Non-application of mind - Order set aside and matter remitted for re-adjudication: HCGST - Cancellation of registration for non-filing of returns - Suspension/revocation of license would be counterproductive and works against the interest of revenue - Pragmatic view needs to be taken to permit petitioner to carry on his business: HC86 flights of AI Express cancelled as crew goes on mass sick leaveTax Refund Conundrum - Odyssey of Legal MisstepsI-T- AO not barred from issuing more than one SCN; Fresh SCN seeking information is not without jurisdiction, more so where HC itself directed re-doing of assessment: HCMurthy launches Capacity Building on Design and Entrepreneurship programCash, liquor & drugs worth Rs 110 Cr seized from Jharkhand ahead of pollsI-T- Appeal before CIT(A) (NFAC) is rightly dismissed where it has been delayed by over one year without just & reasonable cause: ITATPoll-induced stress: 2 Bihar officials die of heart attack at polling boothsSixth Edition of Commandants' Conclave held in PuneSome Gujarat villages keep away from polls over unfulfilled demands from governmentI-T- Re-assessment unsustainable, where based on third party statements & not corroborated by incriminating evidence: ITATRoof-hugging inflation nudges Argentina to print first lot of 10,000 notes of pesoI-T- Re-assessment invalidated where triggerred by change of opinion, on account of being based on material already available during original assessment: ITATInvestigation finds presence of ‘boys club’ strands of culture at American bank regulatorST - Civil work for construction of tower in port area, is exempt from tax as per Notfn No 25/2007-ST; constructing draining pipes for municipal corporation is not commercial activity & so no Service Tax is payable thereon: CESTATUS alleges Russia shipping oil to North Korea more than UN-fixed quotaCus - That appellants were aware of dutiable nature of Gold found from baggage & of procedure for declaration at Customs, reveals intent to smuggle said Gold without payment of tax - conditions for valid import of Gold not satisfied either; absolute confiscation upheld: CESTATUS cancels licence to some firms found exporting materials to HuaweiCX - Excise duty is determines based on how goods are cleared - What happens to goods post their removal, is not manufacturer's lookout, unless manufacturer is involved in fraud or wilful mis-declaration: CESTATRenewables accounted for 30% of global power supply in 2023: StudyCX - Manufacturer of Single Sugar Phosphate (SSP) meant for agricultural use, cannot be held liable for use of SSP for industrial purposes, by a tertiary purchaser of SSP: CESTATCLAT 2024 exams to be held on Dec 1ST - Since the demand itself is not sustainable, question of demanding interest and imposing penalty does not arise: CESTAT
 
India-USA Defence Cooperation: US to provide cutting edge technology to India

By TIOL News Service

NEW DELHI, SEPT 29, 2013: "THE India-United States defence cooperation and engagement has increased significantly over the past decade, in step with the overall deepening of India-US relations. We continue to work towards achieving the full vision of expanded defence cooperation set forth in the 2005 New Framework Agreement," states the India-USA Joint Declaration on Defence Cooperation between the two countries.

In this context, India and the United States have endorsed the following general principles for fulfilling this vision:

• The United States and India share common security interests and place each other at the same level as their closest partners. This principle will apply with respect to defence technology transfer, trade, research, co-development and co-production for defence articles and services, including the most advanced and sophisticated technology. They will work to improve licensing processes, and, where applicable, follow expedited license approval processes to facilitate this cooperation. The U.S and India are also committed to protecting each other’s sensitive technology and information.

• The U.S. continues to fully support India's full membership in the four international export control regimes, which would further facilitate technology sharing.

• The two sides will continue their efforts to strengthen mutual understanding of their respective procurement systems and approval processes, and to address process-related difficulties in defence trade, technology transfer and collaboration.

• The two sides look forward to the identification of specific opportunities for cooperative and collaborative projects in advanced defence technologies and systems, within the next year. Such opportunities will be pursued by both sides in accordance with their national policies and procedures, in a manner that would reflect the full potential of the relationship.


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