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ST - Amendment made to FA, 1994 on 14.05.2015 making service tax applicable retrospectively on chit-fund business is only prospective - Refund payable of tax paid between 01.07.2012 to 13.05.2015: HC ST - SVLDRS, 2019 - Amnesty Scheme, being of the nature of an exemption from the requirement to pay the actual tax due to the government, have to be considered strictly in favour of the revenue: HC CX - Issue involved is valuation of goods u/r 10A of CE Valuation Rules, 2000 - Appeal lies before Supreme Court: HC Cus - Smuggling - A person carrying any article on his belonging would be presumed to be aware of the contents of the articles being carried by him: HC Cus - Penalty that could be imposed for smuggling 3.2 kg of gold was Rs.88.40 lakhs, being the value of gold, but what is imposed is Rs.10 lakhs - Penalty not at all disproportionate: HC Cus - Keeping in mind the balance of convenience and irreparable injury which may be caused to Revenue, importer to continue indemnity bond of 115 crore and possession of confiscated diamonds to remain with department: HC Cus - OIA was passed in October 2022 remanding the matter to adjudicating authority but matter not yet disposed of - Six weeks' time granted to dispose proceedings: HC I-T - High Court need not intervene in matter involving factual issues; petitioner may utilise option of appeal: HC China asks Blinken to select between cooperation or confrontation I-T - Unexplained cash credit - additions u/s 68 unsustainable where based on conjecture & surmise alone: ITAT Honda to set up USD 11 bn EV plant in Canada I-T - Re-assessment is invalid where based only on a suspicion that income escaped assessment & where not based on concrete reasons to believe for commencing such proceedings : ITAT Imran Khan banned from flaying State Institutions I-T - Income from sale of flats cannot be computed in assessee's hands, where legal possession of flats had not been handed over to buyers in that particular AY: ITAT Pro-Palestine demonstration spreads across US universities; 100 arrested I-T - Investment activities in venture capital which are not covered in negative list under Schedule III to SEBI Regulations, qualifies for deduction u/s 10(23FB): ITAT NATO asks China to stop backing Russia if keen to forge close ties with West Cus - When Department has not complied with time limit, the order issued for revocation of licence or order issued for continuation of suspension licence cannot sustain: CESTAT NY top court quashes conviction of Harvey Weinstein in rape case Weather prediction normal for phase 2 poll day IndiGo orders 30 Airbus A350s for long hauls ST - Appellant is an 'authorised medical practitioner' providing 'healthcare services' - services exempted in terms of clause 2(i) of notification 25/2012-ST: Commr(A)RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimes REC avails SACE-Covered Green Loan for 60.5 Billion Japanese Yen Study finds Coca-Cola accounts for 11% of branded plastic pollution worldwide Cus - 'Small Form-factor Pluggable Optical Transceivers' are classifiable under CTH 8517 7090 and not under CTH 8517 62 90 - entitled for benefit of duty concession under 57/2017-Cus: CESTAT DoNER discusses Development of Tourism in North East CX - Appellant is eligible for exemption under Notfn 12/2012-CE upon fulfilling all conditions stipulated therein, thus sufficiently establishing that goods dealt with by Appellants qualify for exemption: CESTAT


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Mumbai, February 09, 2019 ST - BAS - True Value Scheme - Dealer refurbishing, repairing vehicle as its owner is not service rendered by it to any other person: CESTAT

Allahabad, February 08, 2019 Cus - It would be inappropriate to base conviction of appellant purely on statements of co-accused: HC

Mumbai, February 08, 2019 I-T – PCIT cannot revisit certain issue which is already subjected to revision proceedings, upon which some view has been taken after examining facts: ITAT

Mumbai, February 08, 2019 CX - Delay of 38 days in filing appeal before Tribunal and more than 60 days in filing appeal before Commissioner(A) condoned: CESTAT

Mumbai, February 07, 2019 I-T - If Legislature has framed a special Scheme giving certain concession to Assessees who had till then not declared their incomes truly & fully, it can always lay down limits of such concession: HC

Mumbai, February 07, 2019 Cus - Differential duty paid under protest & refund claimed in July 1989 - Refund granted in Aug 2002 - Appellant entitled to interest u/s 11BB from 27.08.1995 till date of refund: CESTAT

New Delhi, February 07, 2019 I-T - No depreciation can be allowed on mobile phones given for use & ownership is also transferred to employees, dealers and sales personnel: ITAT

New Delhi, February 06, 2019 I-T - Application for refund cannot be rejected if filed belatedly due to inadvertent errors made by claimant's auditor: HC

Chennai, February 06, 2019 GST - Inspecting squad officers not to detain goods or vehicles where there is a bonafide dispute as regards exigibility of tax or rate of tax: HC

Mumbai, February 06, 2019 ST - Tribunal rendered a mixed finding which is plausible and a possible one, hence questions proposed by Revenue are not substantial questions of law: High Court

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