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Tax Refund Conundrum - Odyssey of Legal Missteps I-T- AO not barred from issuing more than one SCN; Fresh SCN seeking information is not without jurisdiction, more so where HC itself directed re-doing of assessment: HC Murthy launches Capacity Building on Design and Entrepreneurship program Cash, liquor & drugs worth Rs 110 Cr seized from Jharkhand ahead of polls I-T- Appeal before CIT(A) (NFAC) is rightly dismissed where it has been delayed by over one year without just & reasonable cause: ITAT Poll-induced stress: 2 Bihar officials die of heart attack at polling booths Sixth Edition of Commandants' Conclave held in Pune Some Gujarat villages keep away from polls over unfulfilled demands from government I-T- Re-assessment unsustainable, where based on third party statements & not corroborated by incriminating evidence: ITAT Roof-hugging inflation nudges Argentina to print first lot of 10,000 notes of peso I-T- Re-assessment invalidated where triggerred by change of opinion, on account of being based on material already available during original assessment: ITAT Investigation finds presence of ‘boys club’ strands of culture at American bank regulator ST - Civil work for construction of tower in port area, is exempt from tax as per Notfn No 25/2007-ST; constructing draining pipes for municipal corporation is not commercial activity & so no Service Tax is payable thereon: CESTAT US alleges Russia shipping oil to North Korea more than UN-fixed quota Cus - That appellants were aware of dutiable nature of Gold found from baggage & of procedure for declaration at Customs, reveals intent to smuggle said Gold without payment of tax - conditions for valid import of Gold not satisfied either; absolute confiscation upheld: CESTAT US cancels licence to some firms found exporting materials to Huawei CX - Excise duty is determines based on how goods are cleared - What happens to goods post their removal, is not manufacturer's lookout, unless manufacturer is involved in fraud or wilful mis-declaration: CESTAT Renewables accounted for 30% of global power supply in 2023: Study CX - Manufacturer of Single Sugar Phosphate (SSP) meant for agricultural use, cannot be held liable for use of SSP for industrial purposes, by a tertiary purchaser of SSP: CESTAT CLAT 2024 exams to be held on Dec 1 ST - Since the demand itself is not sustainable, question of demanding interest and imposing penalty does not arise: CESTAT


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Mumbai, November 14, 2015 RBI urges tax payers to pay income tax dues in advance to avoid last minute rush

Mumbai, November 14, 2015 Cus - Unloading of cargo from vessels carrying exclusively coastal goods - Refund of supervision charges was rejected solely on ground that supervision was provided as appellants had asked for the same - Supervision charges are statutory in nature, hence, it cannot be collected if it is not due: CESTAT

Mumbai, November 13, 2015 ST - CENVAT - Architect Services, Consulting Engineers & Management Consultancy Services used for construction of sports stadium are admissible input services as against output service of Renting of stadium: CESTAT

Mumbai, November 13, 2015 ST - Sale proceeds of auction of abandoned imported goods - In whole transaction no service recipient exists - Merely for reason that s. 150 of CA, 1962 provides for distribution of auction proceeds, that will not empower Govt to recover ST: CESTAT

New Delhi, November 13, 2015 I-T - Whether provisions of section 41(1) cannot be applied where assessee is simply acting on behalf of customers and earns consultancy fee for services rendered - YES: ITAT

Mumbai, November 13, 2015 CX - Lorry tanker cannot be termed as bulk pack & therefore transferring fatty acids into carboys of 90 litres cannot be said to be covered under Ch. note 5 to Ch. 38 so as to treat said activity as amounting to manufacture: CESTAT

New Delhi, November 12, 2015 Swachh Bharat Cess payable on all services which are provided on or after Nov 15, 2015: CBEC

New Delhi, November 12, 2015 Govt extends tenure of Dr Lahiri Panel by one year; Revenue Boards directed to issue clarification within 2 months�

New Delhi, November 12, 2015 Cus - Illegal import of High-end luxury cars by mis-declaring as new - Employee of CHA firm had suomotu acted for his personal greed beyond scope of duty and, therefore, employer cannot be penalized: CESTAT

Kolkata, November 12, 2015 I-T - Whether rental income derived by exploiting stock-in-trade or work-in-progress is to be treated as income from house property - YES: ITAT

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I-T - If profit attribution of 26% was not seriously questioned, then withholding tax rate could not exceed 1.04%: HC

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PMLA - Arrest order and consequent remand order are not illegal : HC

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