News Update

Former IPS officer Sanjiv Bhatt jailed for 20 yrs for planing drugs to frame lawyerCentre receives Rs 18.5 lakh crore tax revenue upto Feb monthUN says Households waste across world is now at least one billion meals a dayExpert Committee on developing GIFT IFSC as 'Global Finance and Accounting Hub' submits report to IFSCAIndia, China hold fresh dialogue for complete disengagement on Western borders: MEADefence Production issues notification for re-organisation of DGQAThakur says India is prepared for 2036 OlympicsCBDT substitutes Form in ITR-5EV Revolution: Lessons for India to learn from US and China!London court green-signals auction of luxury apartment of fugitive Nirav ModiGovt consults RBI; finalises borrowing plan for first half of FY 2024-25Gadkari says Farmers’ protest is politically-motivatedVP calls upon women entrepreneurs to be 'Vocal for Local'America offers USD 10 mn bounty for information on ‘Blackcat’ hackers after UnitedHealth gets hitI-T- The order of the ITSC can only be reopened in cases of fraud or misrepresentation: HC8 persons including Hezbollah militants killed in Israeli strike on LebanonMacron pillories EU-South Africa trade deal; calls it ‘really bad’ in BrazilThailand’s Lower House okays Bill to legitimise same-sex marriageYellen warns China against clean energy dumpingMilky Way’s central black hole - Twisted magnetic field observedCus - Assessee has not proved beyond reasonable doubt that goods in question imported under air way bills/bills of entry were in fact filed by him and hence the only natural corollary available to Revenue is confiscation of same: CESTATSmall investors help Trump Media’s valuation skyrocket to USD 13 billionJustice Ritu Raj Awasthi joins as Judicial member of Lokpal
 
Page 174
New Delhi, September 05, 2017
ST - PSF is forming part of airport service and, therefore, very same PSF cannot be subjected to tax under Transport of passenger service: CESTAT
 
New Delhi, September 04, 2017
I-T - Whether activities undertaken to safeguard and promote interests of farmers qualify as 'general public utility' within meaning of Sec 2(15) - YES: ITAT
 
Mumbai, September 04, 2017
Cus - Doctrine of stare decisis - both decisions are precedent in their own field - it is not jurisdiction of Larger Bench to hold which is correct proposition of law - reference returned: CESTAT Larger Bench
 
Ernakulam, September 04, 2017
Income Tax - Benefit of Amnesty Scheme can be availed for settlement of penalties, which are not even linked to assessment proceedings: HC
 
New Delhi, September 04, 2017
Cus - Bill of Lading is not an assessing document for custom authorities and it cannot substitute a bill of entry: CESTAT
 
New Delhi, September 04, 2017
CX - There is no evidence on record to show that 'multi piece package' is ever intended to be a retail package for a retail consumer – no cause for valuation u/s 4A: CESTAT
 
Bangalore, September 01, 2017
I-T - Litigation charges incurred for protecting business interests in relation to mining lease, is allowable u/s 37: HC
 
New Delhi, September 01, 2017
ST - Construction of Residential complex - AA's interpretation that more than 12 units be part of one building situated in one plot of land is without any basis: CESTAT
 
New Delhi, September 01, 2017
CX - LLP/HLP are not lubricating oils, therefore, no question of applying ch.note 4 to ch.27 to treat unloading activity from tankers to barrels as manufacture: CESTAT
 
New Delhi, August 31, 2017
ST - Rule 6A is ultra vires - Even post 01.07.2012, services provided to foreign tourists which has been paid for in forex would not be amenable to ST: HC
 
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