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CBIC revises tariff value of edible oils, gold & silverFormer IPS officer Sanjiv Bhatt jailed for 20 yrs for planting drugs to frame lawyerCentre receives Rs 18.5 lakh crore tax revenue upto Feb monthUN says Households waste across world is now at least one billion meals a dayExpert Committee on developing GIFT IFSC as 'Global Finance and Accounting Hub' submits report to IFSCAIndia, China hold fresh dialogue for complete disengagement on Western borders: MEADefence Production issues notification for re-organisation of DGQAThakur says India is prepared for 2036 OlympicsCBDT substitutes Form in ITR-5EV Revolution: Lessons for India to learn from US and China!London court green-signals auction of luxury apartment of fugitive Nirav ModiGovt consults RBI; finalises borrowing plan for first half of FY 2024-25Gadkari says Farmers’ protest is politically-motivatedVP calls upon women entrepreneurs to be 'Vocal for Local'America offers USD 10 mn bounty for information on ‘Blackcat’ hackers after UnitedHealth gets hitI-T- The order of the ITSC can only be reopened in cases of fraud or misrepresentation: HC8 persons including Hezbollah militants killed in Israeli strike on LebanonMacron pillories EU-South Africa trade deal; calls it ‘really bad’ in BrazilThailand’s Lower House okays Bill to legitimise same-sex marriageYellen warns China against clean energy dumpingMilky Way’s central black hole - Twisted magnetic field observedCus - Assessee has not proved beyond reasonable doubt that goods in question imported under air way bills/bills of entry were in fact filed by him and hence the only natural corollary available to Revenue is confiscation of same: CESTATSmall investors help Trump Media’s valuation skyrocket to USD 13 billionJustice Ritu Raj Awasthi joins as Judicial member of Lokpal
 
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Mumbai, May 06, 2016
ST - Appellant, Authorized Service Station is also engaged in trading activity of passenger cars - unless vehicles are received and sold, there would not be any servicing of same -no requirement to reverse Cenvat Credit attributable to trading activity: CESTAT
 
Bangalore, May 06, 2016
I-T - Whether it can be concluded that there is cessation of assessee's liability, merely on ground that creditor is unable to be traced - NO: HC
 
Chennai, May 06, 2016
Import of Apples from USA - Undervaluation - Demand of duty by adopting price on basis of questionable parallel set of invoices, invoking Rule 8 of Customs Valuations Rules is unsustainable - CESTAT
 
Mumbai, May 06, 2016
ST - Rule 5 of CCR, 2004 - refund filed for quarter October to December 2009 sanctioned and later for same period another claim filed for additional amount - Notif. No. 5/2006-CE (NT) in clause (2) prohibits filing of more than one refund claim for any quarter in a calendar year: CESTAT
 
New Delhi, May 05, 2016
DVAT - Whether assessee, which is a licensee in respect of certain advertisement display sites, is liable to pay VAT on revenue earned from display of advertisement even if there is no transfer of any right to use those sites - NO: HC
 
New Delhi, May 05, 2016
I-T - Whether amount refunded to an auction purchaser along with interest, pursuant to cancellation of auction sale by Apex Court can be treated as 'revenue receipts' in hands of auction purchaser - NO: HC
 
Mumbai, May 05, 2016
ST - Revenue authorities cannot reclassify services rendered by assessee in a refund claim filed by assessee - Appeal rejected: CESTAT
 
Mumbai, May 05, 2016
CX - Order passed in haste by adjudicating authority without considering reply filed or granting personal hearing - Matter remanded: CESTAT
 
New Delhi, May 04, 2016
ST – IPL - Whether there can be a levy of ST by Union on sale of tickets and a levy of entertainment tax by the State - having collected ST, there is an obligation on Petitioner to deposit the same: HC
 
New Delhi, May 04, 2016
Cus - Let down by an Explanation - Sec 28(11) is overbroad inasmuch as it confers jurisdiction on plurality of officers on same subject matter which would result in chaos & conflicting decisions - Such untrammelled power is arbitrary and violative of Art 14 of Constitution: HC
 
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