News Update

India-bound oil tanker struck by Houthi’s missiles in Red SeaRBI issues draft rules on digital lendingCRPF senior official served notice of dismissal on charges of sexual harassmentColumbia faculty blames leadership for police action against protestersGoogle to inject USD 3 bn investment in data centre in IndianaUN says clearing Gaza mounds of rubble to take 14 yrsBlinken says China trying to interfere US Presidential pollsWorld Energy Congress 2024: IREDA CMD highlights need for Innovative Financing SolutionsVoter turnout surpasses 50% by 4 PM in Phase 2 pollsXI tells Blinken - China, US ought to be partners, not rivalsST - 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: HCCus - 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: HCCus - 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: HCCus - 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: HCI-T - High Court need not intervene in matter involving factual issues; petitioner may utilise option of appeal: HCChina asks Blinken to select between cooperation or confrontationI-T - Unexplained cash credit - additions u/s 68 unsustainable where based on conjecture & surmise alone: ITAT
 
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New Delhi, March 07, 2017
CX - Compounded levy - When there is an undisputed fact of no production, no duty liability can be fixed: CESTAT
 
New Delhi, March 06, 2017
ST - Cargo brought by exporters are not for 'storage or warehousing' in airport - no tax liability till 09/09/2004: CESTAT
 
Ahmedabad, March 06, 2017
I-T - Assessment orders passed u/s 153C without recording separate satisfaction in case of searched person, is invalid, says HC
 
New Delhi, March 06, 2017
ST - Lease charges include maintenance charges, therefore, maintenance agreement cannot be separately charged to tax: CESTAT
 
New Delhi, March 06, 2017
CX - If firms are fictitious, then question of confirming demand against them does not arise: CESTAT
 
New Delhi, March 04, 2017
ST - Providing Integrated Mobile Publicity in Assembly Constituencies to AP Govt is a PR service and taxable : CESTAT
 
Ahmedabad, March 04, 2017
CX - Unaccounted finished goods - Tribunal has already taken lenient view and reduced RF, penalty: HC
 
Ahmedabad, March 03, 2017
Cus - Appellant has not paid VAT on imported coil sheets - what is sold is 'Proflex Roof' - Refund of SAD rightly denied: HC
 
Chennai, March 03, 2017
I-T - Claiming set-off of losses suffered during amalgamation is no valid reason to deny depreciation to amalgamating company on brand value acquired: ITAT
 
New Delhi, March 03, 2017
If Revenue view is that services are not Input services, then proceedings should have been initiated against ISD: CESTAT
 
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