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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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Chennai, August 06, 2015 Failure to challenge finding in favour of an Individual in connected matter would not operate on principle of res judicata on Tribunal from examining other cases on merits - HC sets aside order of Tribunal

New Delhi, August 05, 2015 Customs - Kar Vivad Samadhan Scheme - Endorsement on Bill of Entry has to be treated as notice: Supreme Court

New Delhi, August 05, 2015 Customs - No retrospective effect for exemption notification; No interest payable if bond does not specify it: Supreme Court

New Delhi, August 05, 2015 CX - Shampoo manufactured by assessee is basically a medicine: Supreme Court

Kolkata, August 05, 2015 Income tax - Whether sale of tea manufactured out of purchased green leaves and also blending of purchased and manufactured tea are to be construed as part of business of growing and manufacturing of tea - YES: HC

Mumbai, August 05, 2015 Settlement Commission, Customs & Excise cannot take short cuts - If such an approach is adopted, the very purpose of setting up a Commission and enabling settlement of disputes expeditiously and promptly is defeated: HC

New Delhi, August 04, 2015 I-T - Whether parking & landing charges collected by Airport Authority are in relation to services provided as per international protocol and they do not attract provisions of Sec 194I - YES: SC

Mumbai, August 04, 2015 When Court issues directions to authority to decide petitioner's application by particular date, it expects authority to take a decision - DGFT to pay costs of Rs ONE lakh: HC

Ahmedabad, August 04, 2015 Order of Settlement Commission challenged on ground that main contractor had paid Service Tax - Settlement Commission has rightly held that petitioner cannot be said to be subcontractor - Petition dismissed: HC

Rajkot, August 04, 2015 I-T - Whether when assessee has not taken possession of vehicles and made payment for composite amount of work done on hourly basis, provisions of Sec 194I do not get attracted - YES: ITAT

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