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Sunday , April 19, 2015 | Updated : Apr 19, 23:13 IST
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NEWS FLASH
 
CII supports Rs 40,000 Cr tax demand raised against FIIs Budget Session going to be full of 'outcomes': PM Revise Lame-duck real estate bill to spawn employment & growth (See 'Ice Cubes') MoF to hold meeting with CMDs of PSBs over funding of major infra projects CBI Court sentences Dy Commissioner for 3-yr RI in DA case (See 'Mixed Buzz') I-T - Whether loss resulting from single transaction of sale of shares for which assessee has plausible explanation, cannot be held as business loss: ITAT (See '2015-TIOL-406') UN calls for stronger partnerships between public and private sectors for safer digital landscape (See 'Breaking News') CX - If time barred appeal is entertained without High Court condoning delay in filing it, not only parties and litigants suffer but interests of Revenue and that of public are adversely affected: High Court (See 'Breaking News') Doha Declaration underlines need for strengthening criminal justice system (See 'Mixed Buzz') Import of Areca nuts from Pakistan under SAFTA - Benefit of concession denied on suspicion of Pakistani origin - Goods can be allowed provisional clearance on execution of bond for AV: HC (See '2015-TIOL - 942') I-T - Whether exemption u/s 10 can be granted to assessee, whose income forms a part of income from property held under trust - YES: HC (See 'Breaking News') CBDT to re-design New ITR Forms, to make it simpler Automatic information exchange only method to deal with black money: Jaitley (See 'Mixed Buzz') ST - BSS - Appellant has been funded by Central Govt as well as State Govt through MPCB for setting up Butibori CETP Plant - retrospective exemption granted by s.145 of FA, 2012 - Demand not sustainable in law: CESTAT (See 'Breaking News') Ratan Tata urges India Inc not to get disillusioned with Modi Govt so fast India ready to cope with international shocks: FM (See 'Mixed Buzz') Trade deficit goes up to USD 137 bn between April-Mar, 2015 (See 'Mixed Buzz') Govt simplifies SEZ Rules relating to inter-unit transfers (See Instruction 84 in 'SEZ') Lahiri Committee to function from Suite No. 215, Janpath Hotel; invites suggestions from trade industries CBDT issues transfer order of 43 AC/DCITs (See Transfer in 'Pitara') Broadband Service penetration: TRAI asks Govt to start it from schools (See 'Mixed Buzz') CBEC amends Drawback Rates for Items under chapter 28 and Notification relating to Exchange Rates (See 'NT' What's New) Income Tax Returns - E-filing made mandatory for certain individuals (See 'DDT') Definitive anti-dumping duty imposed on Acetone (See 'Not' in What's New) Kozhikode Airport Customs seizes 6 kg gold worth Rs 1.75 Cr from pax coming from Gulf Sector
 
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Page 1
Mumbai, April 19, 2015
CX - If time barred appeal is entertained without High Court condoning delay in filing it, not only parties and litigants suffer but interests of Revenue and that of public are adversely affected: High Court
Doha, April 19, 2015
UN calls for stronger partnerships between public and private sectors for safer digital landscape
Mumbai, April 18, 2015
Income tax - Whether exemption u/s 10 can be granted to assessee, whose income forms a part of income from property held under trust - YES: HC
Mumbai, April 18, 2015
ST - BSS - Appellant has been funded by Central Govt as well as State Govt through MPCB for setting up Butibori CETP Plant - retrospective exemption granted by s.145 of FA, 2012 - Demand not sustainable in law: CESTAT
Mumbai, April 17, 2015
ST - s.77 - Failure to appear before CE officer when summons issued - Penalty of Rs. 200 per day is not in nature of mandatory - it is discretion of officer to reduce penalty depending upon nature of case - Revenue appeal dismissed: CESTAT
New Delhi, April 17, 2015
Income tax - Whether when assessee has multiple STPI units registered under single 'mother' licence, each STPI unit cannot be considered as separate undertaking for purpose of claiming section 10A deduction - YES: HC
Chandigarh, April 17, 2015
Pilferage of Heroin from Malkhana - High Court confirms sentence awarded by Trial Court to officers of NCB and dismisses their Revision
New Delhi, April 16, 2015
I-T - Foreign Bank A/c - Whether summon order passed on basis of criminal complaint is liable to be quashed, when Department had not disclosed vital information to Court which was received from assessee at time of filing complaint - YES: HC
Mumbai, April 16, 2015
CX - Rule 7 of Valuation Rules - price prevailing at depot from where goods are finally sold shall apply - When facts came to notice of Department in Jan, 2001, subsequent to that it cannot be said that there was suppression: CESTAT
Hyderabad, April 16, 2015
Service tax - Construction - Vivisection of roads, tunnels, dams permitted - Pre-deposit waived and stay granted

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