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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, November 02, 2016 I-T - Whether where reasons recorded in support of notice u/s 148 ex facie reveal it to be without jurisdiction, it is open to assessee to directly seek writ jurisdiction under Article 226 of Constitution - YES: HC

Mumbai, November 02, 2016 Cus - For violation of Customs provisions, duty should have been proposed and confirmed under provisions of CA, 1962 - confirmation u/s 11A of CEA, 1944 cannot sustain: CESTAT

Chennai, November 01, 2016 I-T - Whether assessee's application for compounding of offences u/s 276B is to be rejected merely on ground that assessee was convicted by Criminal Court and had been issued non-bailable warrant - NO: HC

Mumbai, November 01, 2016 ST - Denying CENVAT credit on ground that amounts towards export of software are not received in convertible foreign currency seems to be irrational way of denying legitimate refund to an assessee: CESTAT

Mumbai, November 01, 2016 Cus - Linden Wood Slats for manufacture of wooden pencils are Articles of Wood and correctly classifiable under S.H. No. 4421.90 of Customs Tariff: CESTAT

New Delhi, October 31, 2016 UP Trade Tax Act - Raw materials purchased at concessional rate to manufacture goods, which were stock transferred - No violation - consistency and certainty in tax matters is necessary: SC

Mumbai, October 31, 2016 I-T - Whether CIT(A) though having co-terminus power with that of AO, can independently initiate penalty proceedings on new ground in case of quantum proceedings - NO: HC

New Delhi, October 31, 2016 CENVAT Credit of CVD availed on imported capital goods Re-exported without payment of duty Demand of CENVAT Credit is not justified: CESTAT

Mumbai, October 30, 2016 ST - 84 days delay in filing appeal due to ill-health of father condoned subject to payment of cost of rupees ten thousand to Principal CST: CESTAT

New Delhi, October 29, 2016 Orissa Sales Tax - Surcharge under OST is payable on Gross amount of sales tax without deducting amount of entry tax: SC

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