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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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New Delhi, July 29, 2016 CX - In view of retroamendment by FA, 2003 withdrawing benefit of area-based exemption and dept. initiating recovery proceedings, very basis of rejection of rebate claim that M/s NETCL had not actually paid any duty ceased to exist: HC

Hyderabad, July 29, 2016 Refund of Service Tax consequent to Sec 11C Notification 45/2010 - When eligibility of Notification itself is in dispute, limitation of six months u/s 11C is not applicable - Refund in such cases is governed by Sec 11B: CESTAT

New Delhi, July 29, 2016 I-T - Whether payment of interest to FIs by way of debentures amounts to 'actual payment' for purpose of deduction u/s 43B - NO: HC

Mumbai, July 29, 2016 Cus - Inordinate delay in processing actions under CBLR, 2013 - Nefarious Customs brokers, who ought to be punished, get benefit of lapses committed on account of delays and which is bad for system: CESTAT

New Delhi, July 28, 2016 Cus - Petitioner cannot be saddled with warehouse charges as detention has happened due to illegal action of DRI: High Court

Mumbai, July 28, 2016 CX - Subsequent packeting of pre-determined quantity of already marketable 'O' Ring & 'U' Cap seals in a plastic bag has not made products further marketable - No CE duty on Seal Kits: CESTAT

Kolkata, July 28, 2016 I-T - Whether if provision is made for gratuity for retiring employees with respect to previous year, assessee cannot be denied deduction u/s 40A(7)(b)(i) even if actual payment is not made - YES: ITAT

Mumbai, July 28, 2016 Cus - Refund of SAD - Used tyres upon import are converted to 'crumb rubber' and thereafter sold -Claim of appellant that discharge of VAT obligation immunizes it from former obligation is untenable - Appeal dismissed: CESTAT

New Delhi, July 27, 2016 Cus - Revocation of CHA licence is bad in law since time limit for completion of inquiry in terms of Regulation 22(5) of CHALR 2004 has not be adhered to: HC

Mumbai, July 27, 2016 CX - Exemption in terms of notfn. 30/2004-CE was not availed on POY Yarn for which services of renovation and modernization of plant was undertaken - CENVAT credit admissible: CESTAT

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Trade Mark Act - Marks are visually phonetically and deceptively similar to Plaintiffs' trademarks : HC

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