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Cus - When there is nothing on record to show that appellant had connived with other three persons to import AA batteries under the guise of declaring goods as Calcium Carbonate, penalty imposed on appellant are set aside: HCCongress fields Rahul Gandhi from Rae Bareli and Kishori Lal Sharma from AmethiCus - The penalty imposed on assessee was set aside by Tribunal against which revenue is in appeal is far below the threshold limit fixed under Notification issued by CBDT, thus on the ground of monetary policy, revenue cannot proceed with this appeal: HCGST -Since both the SCNs and orders pertain to same tax period raising identical demand by two different officers of same jurisdiction, proceedings on SCNs are clubbed and shall be re-adjudicated by one proper officer: HCFormer Jharkhand HC Chief Justice, Justice Sanjaya Kumar Mishra appointed as President of GST TribunalSale of building constructed on leasehold land - GST implicationI-T - If assessee is not charging VAT paid on purchase of goods & services to its P&L account i.e., not claiming it as expenditure, there is no requirement to treat refund of such VAT as income: ITATBengal Governor restricts entry of State FM and local police into Raj BhawanI-T - Interest received u/s 28 of Land Acquisition Act 1894 awarded by Court is capital receipt being integral part of enhanced compensation and is exempt u/s 10(37): ITATCops flatten camps of protesting students at Columbia UnivI-T - No additions are permitted on account of bogus purchases, if evidence submitted on purchase going into export and further details provided of sellers remaining uncontroverted: ITATTurkey stops all trades with Israel over GazaI-T- Provisions of Section 56(2)(vii)(a) cannot be invoked, where a necessary condition of the money received without consideration by assessee, has not been fulfilled: ITATGirl students advised by Pak college to keep away from political eventsI-T- As per settled position in law, cooperative housing society can claim deduction u/s 80P, if interest is earned on deposit of own funds in nationalised banks: ITATApple reports lower revenue despite good start of the yearI-T- Since difference in valuation is minor, considering specific exclusion provision benefit is granted to assessee : ITATHome-grown tech of thermal camera transferred to IndustryI-T - Presumption u/s 292C would apply only to person proceeded u/s 153A and not for assessee u/s 153C: ITATECI asks parties to cease registering voters for beneficiary-oriented schemes under guise of surveys
 
Navy's Eastern Fleet ships deployed to Malaysia

By TIOL News Service

NEW DELHI, MAY 15, 2017: IN pursuance of India’s ‘Act East Policy’, Indian Naval Ships Shivalik and Jyoti are on an overseas deployment to the South East Asia and Southern Indian Ocean. The ships would be on a port visit to Kuantan from May 14 to May 19, 2017.

The visit of the Indian Naval Ships seeks to underscore India’s peaceful presence and solidarity with friendly and harmonious countries towards ensuring good order in the maritime domain and to strengthen existing bonds between India and Malaysia. The two countries share a rich history and a strategic relationship. A number of bilateral agreements exist between the two countries in a various spheres.

During the stay in harbour, various activities such as official calls, formal reception on board ships, ships open to visitors, guided tours for Indian naval personnel and professional interaction between naval personnel of both the nations have been planned. In April this year, Prime Minister, Najib Razak visited India and called on the Indian Prime Minister, Shri Narendra Modi for bilateral talks and enhance the partnership between the two countries. In July last year, Admiral Tan Sri Ahmad Kamarulazaman, the Chief of Royal Malaysia Navy visited India to strengthen the bilateral ties between the two navies which have witnessed a steady rise in their cooperation. INS Kora, an indigenously built corvette had recently participated in LIMA-17.

Indian Naval assets have been increasingly deployed in recent times to address the main maritime concerns of the region. In addition, as part of the Indian Government’s vision of SAGAR (Security and Growth for All in the Region), the Indian Navy has also been involved in assisting countries in the Indian Ocean Region with EEZ Surveillance, Search and Rescue, and other capacity-building and capability-enhancement activities. The current deployment will contribute towards the Indian Navy’s efforts to consolidate inter-operability and forge strong bonds of friendship across the seas.


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