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Saturday , June 25, 2016 | Updated : Jun 25, 15:10 IST
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NEWS FLASH
 
CBI books NINE senior Income Tax officials in corruption case; seizes 43 property documents & 22 lakh cash; finds FDRs worth Rs 78 lakhs (See 'Breaking News') Govt notifies List of Holidays, including RH, for 2017(See 'Misc' in Pitara) Govt yet to finalise Draft Notification on National Forest Policy, clarifies DG (Forest) Amendment in Sec 206C - CBDT issues clarification (See 'Cir No 23' in 'What's New') Income Declaration Scheme - CBDT explains steps to fill up FORM-1 (See 'DIT (Systems)' in 'Income Tax') Govt notifies changes in FDI regime (See Press Note No 5 in 'What's New') CX - Since letter of CCE, LTU is communicating finding which is detrimental to financial interest of appellant, same is 'decision' that can be entertained in appeal u/s 35B of CEA, 1944: CESTAT (See 'Breaking News') Articles of jewellery made of gold - Drawback Rates - CBEC puts conditions (See 'Notification 90' in 'What's New') CBDT finally notifies GAAR w.e.f April 1, 2017 (See 'Notification 49' in 'What's New') CBEC notifies new Customs exchange rate for Japan's Yen (See 'Notification 89' in 'What's New') IGI Airport Customs nabs two pax with gold items worth Rs 45 lakhs CBDT issues transfer order of 91 Addl/JCITs (See 'Transfer' in 'Pitara') Department of Economic Affairs looking for JS-level deputationists (See 'Deputation Posts' in 'Pitara') Black money: I-T Dept publishes list of asset valuers Chattisgarh to ban commercial vehicles over 10-12 years old UK votes for Brexit; India well prepared to deal with its fall-out, says FM (See 'Mixed Buzz') CBEC amends Reward Guidelines to entitle officers of Other Agencies for reward (See 'Cir 29' in 'What's New') No KKC if invoice raised before May 31 and service also rendered, clarifies CBEC + Service Tax exemption to taxable services by way of transportation of goods by a vessel from outside India upto Customs station in India for invoices raised before May 31, 2016 (See Notification No 35 + 36 in 'What's New') Enhancing period of limitation to 2 years - some stray thoughts! (See 'DDT' Column) GST Impact on Financial Services Sector (See 'ST se GST tak') Enhancing period of limitation to 2 years - Board's Views (See 'DDT') Overhaul of Indian major ports: impact of draft Central Port Authorities Act, 2016 (See 'Guest Column') Comparative Analysis under GST regime (See 'ST se GST tak') GST Model Law - Is India itching for 'under-cooked' reform? (See 'The Cob (Web)' Column)
 
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Page 1
New Delhi, June 25, 2016
CBI books NINE senior Income Tax officials in corruption case; seizes 43 property documents & 22 lakh cash; finds FDRs worth Rs 78 lakhs
Mumbai, June 25, 2016
CX - Since letter of CCE, LTU is communicating finding which is detrimental to financial interest of appellant, same is 'decision' that can be entertained in appeal u/s 35B of CEA, 1944: CESTAT
Mumbai, June 24, 2016
CX - Valuation - Any amount of freight which is collected in excess of actual freight is not includible in assessable value - Revenue appeal dismissed: CESTAT
Bangalore, June 24, 2016
I-T - Whether benefits u/s 10B is available to exports done through third party - NO: ITAT
Mumbai, June 24, 2016
Cus - It is common sense that sea going vessel means vessel for which navigation is primary function and other activities are secondary merely since vessel has crane fitted, classification by AA under CTH8905 is totally incorrect: CESTAT
Chennai, June 23, 2016
CX - Amount receivable from recipient of service on output Service could not be realized - No mandate of Statute to deny CENVAT credit availed in such cases: CESTAT
Kolkata, June 23, 2016
I-T - Whether in view of amended provisions of Sec 32(2), assessee is entitled to set off unabsorbed depreciation prior to AY 2001-02, beyond period of eight years - YES: ITAT
Ahmedabad, June 23, 2016
Cus - Jurisdiction of Settlement Commission - No error in order rejecting applications as goods are covered u/s 123 and stand excluded in terms of third proviso to Sec 127B : High Court
New Delhi, June 22, 2016
Union Cabinet approves special package for employment generation and promotion of exports in Textile and Apparel Sector
Mumbai, June 22, 2016
CX - Playing cards supplied as free gift along with Spray Guns are to be treated as Inputs and, therefore, CENVAT credit is admissible: CESTAT

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