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India received foreign remittance of USD 111 bn in 2022, says UN Pitroda resigns as Chairman of Indian Overseas Congress over racist remark Govt hosts workshop on improving Ease of Doing Business in Mining sector I-T - Anything made taxable by rule-making authority u/s 17(2)(viii) should be 'perquisite' in form of 'fringe benefits or amenity': SC Cus - Drawback - Revenue contends that appeal of exporter ought to have been dismissed by Tribunal as not maintainable since correct remedy was filing a revision application with Central government - Appeal disposed of: HC Cus - CHA - AA has clearly brought out the modus adopted by the appellant and how he was a party to the entire under valuation exercise - Factual finding affirmed by Tribunal - No question of law arises for consideration: HC GST - Proper officer has not applied his mind while passing the order; confirmed demand by opining that reply is not satisfactory - Proper Officer is directed to withdraw all punitive actions taken against petitioner pursuant to impugned order: HC GST - Proper Officer had to at least consider the reply on merits and then form an opinion - Non-application of mind - Order set aside and matter remitted for re-adjudication: HC GST - Cancellation of registration for non-filing of returns - Suspension/revocation of license would be counterproductive and works against the interest of revenue - Pragmatic view needs to be taken to permit petitioner to carry on his business: HC 86 flights of AI Express cancelled as crew goes on mass sick leave 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 Roof-hugging inflation nudges Argentina to print first lot of 10,000 notes of peso Investigation finds presence of ‘boys club’ strands of culture at American bank regulator US cancels licence to some firms found exporting materials to Huawei


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Mumbai, July 10, 2015 ST - Petitioner claiming that Circular and O-in-O founded on same is ultra vires - Merely making a reference to some Circular would not mean that Tribunal cannot be approached or that Tribunal will not view matter in its entirety: HC

Chennai, July 10, 2015 I-T - Whether once losses and other deductions were set off against income of previous year, same cannot be reopened again for computation of current year benefits under Ss 80I or 80IA - YES: HC

Mumbai, July 10, 2015 ST Rebate - Appeal lies before JS(R), Ministry of Finance, Govt of India - Registry to transfer all these cases to Government of India: CESTAT

Mumbai, July 10, 2015 CENVAT - Credit of SAD availed on strength of supplementary invoices denied on ground that duty was paid by supplier after detection of short levy - Tribunal held that non-reversal of SAD by M/s MIRC cannot be with intention to evade duty on such components, as appellant had discharged liability of CVD - Credit admissible: CESTAT

Chennai, July 09, 2015 Demand of MODVAT/CENVAT Credit on inputs used in spent sulphuric acid cleared under exemption - No error in the order of Tribunal holding that credit is admissible - High Court affirms Tribunal order

Hyderabad, July 09, 2015 VAT - Whether in absence of any notice to levy penalty or interest prior to settlement of tax dispute, it is open to Revenue to pass further order for interest on sum which has already been paid - NO: HC

Ernakulam, July 09, 2015 I-T - Whether when assessee, on cancellation of purchase of flats, refunds sum with a part of excess amount collected from new purchaser, such excess payment is to be construed as interest, liable to TDS u/s 194A - NO: HC

Mumbai, July 09, 2015 CX - Job work - Detaining part of LDPE received from customer and replacing same by locally purchased cheaper LLDPE - difference in value is nothing but additional consideration and is required to be added in AV of final product Polyfilm: CESTAT

Mumbai, July 08, 2015 CENVAT - definition of 'input service' does not restrict that said services have to be rendered in factory premises of manufacturer - Services of inspecting vehicles at RTO is an Input service - Credit admissible - Appeals allowed: CESTAT

Bangalore, July 08, 2015 I-T - Whether if assessee is a secured creditor, in that case even Crown debt could be discharged only after debt of secured creditors stand discharged, so would happen with income tax dues - YES: HC

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TP - ALP adjustment porposed by Tribunal on basis of tolerance range of (+/-) of standard deduction, need not be interfered: HC

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