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World Energy Congress 2024: IREDA CMD highlights need for Innovative Financing Solutions Voter turnout surpasses 50% by 4 PM in Phase 2 polls 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 XI tells Blinken - China, US ought to be partners, not rivals 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 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 NY top court quashes conviction of Harvey Weinstein in rape case


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New Delhi, September 30, 2016 GST Council Second Meeting - Dual control over small service providers turns out to be first bone of contention; Exemption to be phased out; Draft GST Rules relating to business processes approved

Mumbai, September 30, 2016 CX - Findings that disclosures are honest and yet there is suppression and mis-declaration of facts cannot be reconciled - Remark made by Settlement Commission in final order deleted: High Court

Chandigarh, September 30, 2016 IT - Whether if Department officers are bound by CBDT circular, they are also bound by modified circulars, which gets amended by virtue of Office Memorandum - YES: HC

Hyderabad, September 30, 2016 Speed Post is as good as Registered post for purpose of Sec 153(a) of Customs Act, 1962: High Court

New Delhi, September 30, 2016 CX - Dumpers and parts thereof are entitled to CENVAT credit: CESTAT

Mumbai, September 29, 2016 CX - Last date of filing appeal being Sunday, appeal filed on next day, Monday, cannot be said to have been delayed but filed in time in view of s.10 of General Clauses Act, 1897: CESTAT

Allahabad, September 29, 2016 I-T - Whether writ jurisdiction gives unlimited prerogative to High Court to correct all species of hardship or wrong decisions made within limits of powers of court or Tribunal - NO: HC

New Delhi, September 29, 2016 ST - By no stretch of imagination can document issued by District Supply Officer conveying goods transported be construed as consignment note to render respondent as GTA: CESTAT

New Delhi, September 29, 2016 CX - Fitting of motors to imported sewing machine does not bring into existence any new manufactured article requiring payment of excise duty: CESTAT

New Delhi, September 28, 2016 I-T - Whether if it has been recorded to satisfaction of Tribunal that certain expenses were amortized legitimately, once this position was accepted, deduction cannot be denied in the subsequent years - YES: SC

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