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Delhi HC orders DGCA to deregister GO First’s aircraft India successfully tests SMART anti-submarine missile-assisted torpedo system Killer heatwave kills hundreds of thousands of fish in Southern Vietnam Hong Kong struck by close to 1000 lightning Columbia Univ campus turns into ‘American Gaza’ - Pro-Palestinian students & counter-protesters clash Viksit Bharat @2047: Taxes form the Bedrock GST - April month collections go past Rs 2 lakh crore threshold - peak to Rs 2.1 lakh crore CX - Alleged clandestine removal - Not replying to SCN on the ground that letter is not furnished by department is only a ruse as reliance is not placed on the same by the respondent authority for adjudicating the SCNs: SC GST - Proper officer observes that the reply filed is not satisfactory and since the assessee has nothing more to say, demand is confirmed - Officer has not applied his mind - Matter remitted: HC GST - Petitioner had no opportunity to even object to the retrospective cancellation of registration - Petitioner does not seek to continue his business and has sought cancellation of registration - Order modified accordingly: HC GST - Seizing the outward movement of funds from petitioner's bank account - Life of an order of provisional attachment u/s 83(2) is only one year - HDFC Bank, henceforth, cannot restrain operation of bank account: HC Tax - on Death and Contemplation Delhi, Noida schools receive bomb threats; Children sent back home I-T- Writ court is not required to interfere with assessment order, where assessee also has available option of statutory appeal: HC ED seizes Rs 90 Cr stored in crypto in Gaming App scam I-T-Transfer of assessment is sustained, where assessee does not reply to any notice issued in this regard & where valid reasons exist for transferring assessment: HC HM appeals Naxalism will be erased in 2 yrs if Modi voted back to power America softens offence related to use of marijuana I-T - Rule 11UA does not mentions pre-condition of approval of balance sheet by Annual General Meeting: ITAT After US & UK India comes third in terms of 79 mn cyber attacks in 2023: Study CBIC revises tariff value of gold, silver & edible oils


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Bangalore, October 17, 2016 IT - Whether when assessee has made investment, but quantum was less in comparison of its own funds, in such case, to that extent disallowance u/s 14A cannot be warranted on account of interest expenditure - YES: ITAT

Ahmedabad, October 17, 2016 Income tax - Whether validity of valuation done by DVO is an issue that can be challenged in a writ petition - NO: HC

Mumbai, October 17, 2016 ST - Treatment of effluent waste cannot be considered as processing of goods by any stretch of imagination - not taxable under BAS: CESTAT

Mumbai, October 17, 2016 CX - When entire o-in-o itself was set aside and Revenue's appeal was allowed by Commissioner (A), no grievance remained for filing an appeal before Tribunal: CESTAT

Paris, October 16, 2016 International migration rate doubles in last 25 years; reached 244 mn in 2015; Most economies fail to exploit its potential: OECD

Ahemdabad, October 16, 2016 GVAT - Whether Revenue can exercise power of provisional attachment even in cases of disputed tax liability under Gujarat Entry tax Act - NO: HC

Chennai, October 15, 2016 Cus - When petitioner has accepted terms of settlement, they would be estopped from challenginge order of CCESC: High Court

Bengaluru, October 14, 2016 I-T - Whether when stock in trade by profession is excluded from capital assets definition, provisions of Sec 54F would still apply on its transfer - NO: HC

Mumbai, October 14, 2016 CX - Footwear, even though supplied in bulk, but in absence of exemption provided u/r 34 of SWAM Rules, 1977, they are correctly valued u/s 4A and not u/s 4 of CEA, 1944: CESTAT

Mumbai, October 14, 2016 Cus - No royalty what so ever has been paid and, therefore, question of addition of royalty to assessable value becomes irrelevant - Issue is only of an academic interest: CESTAT

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