News Update

GST - Penalty demand of Rs.3731 crores - A person who would fall within the purview of sub-section (1-A) of s.122 should necessarily be a taxable person who retains the benefits of transactions: HCGST - Threatening and pressurising petitioner who is merely an employee - Highly unconscionable and disproportionate on the part of the officer: HCGST - Same relief was claimed in earlier petition which was withdrawn unconditionally - Fresh petition seeking same relief is barred by the estoppel principle: HCIncome tax hands over Rs 1700 Cr tax demand to Congress PartyGST - Neither SCN nor the order spell out the reasons for retrospective cancellation of registration, hence cannot be sustained: HCStage-2 of Vikram-1 orbital rocket successfully test-firedGST - Non-application of mind - If reply was unsatisfactory, details could have been sought - Record does not reflect that such exercise was done - Matter remitted: HCHouthis claim UK has not capability to intercept their hypersonic missilesGST - Merely because a taxpayer has not filed returns for some period does not mean that registration is required to be cancelled with retrospective date also covering the period when returns were filed and taxpayer was compliant: HCIsraeli forces kill 200 Palestinians at Gaza medical complex & arrest over 1000GST - Petitioner's reply, although terse, is not taken into account while passing assessment orders - Petitioner put on terms, another opportunity provided: HCUnveil One Nation; One Debt Code; One Compliance Rule for Centre & StatesChina moves WTO against US tax subsidies for EVs & renewable energyMore on non-doms - The UK Spring Budget 2024 (See TII Edit)Notorious history-sheeter Mukhtar Ansari succumbs to cardiac arrest in UP jailTraining Program for Cambodian civil servants commences at MussoorieNY imposes USD 15 congestion taxCBIC revises tariff value of edible oils, gold & silver45 killed as bus races into ravine in South AfricaCBIC directs all Customs offices to remain open on Saturday & SundayBankman-Fried jailed for 25 yrs in FTX scamI-T- Once the citizen deposits the tax upon coming to know of his liability, it cannot be said that he has deliberately or willfully evaded the depositing of tax and interest in terms of Section 234A can be waived: HCHouthis attack continues in Red Sea; US military shoots down 4 dronesFederal Govt hands out USD 60 mn to rebuild collapsed bridge in BaltimoreI-T - Receipts of sale of scrap being part & parcel of activity and being proximate thereto would also be within ambit of gains derived from industrial undertaking for purpose of computing deduction u/s 80-IB: HCCanadian School Boards sue social media titans for 4 bn Canadian dollar in damagesFormer IPS officer Sanjiv Bhatt jailed for 20 yrs for planting drugs to frame lawyerCus - No Cess is payable when Basic Customs Duty is found to be Nil: CESTAT
 
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Mumbai, June 21, 2015
Import of Memory cards by post parcels - Order of Commissioner does not elaborate as to how goods were prohibited - SCN has not brought out any discrepancy in declared quantity - confiscation does not sustain: CESTAT
 
Mumbai, June 20, 2015
ST - Construction of Market-cum community hall and park - Revenue could have at the most taxed only that part of the contract which involves site formation and related earthwork, but that has not been done - Appeal dismissed: CESTAT
 
Mumbai, June 20, 2015
CX - Having not complied with order of Stay resulting in dismissal of his appeal, appellant cannot insist on an unconditional adjudication of his appeal on merits as that would be putting a premium on his negligent and intentional act: HC
 
Mumbai, June 19, 2015
CX - Cutting and slitting of jumbo rolls of imported self-adhesive film and self-adhesive paper as per requirement of customer does not amount to manufacture u/s 2(f) of CEA, 1944 - Assessee could not have paid duty on same: CESTAT
 
Mumbai, June 19, 2015
ST - Refund - Whether services of software maintenance which includes corrective, adoptive & perfective maintenance, or enhancement & preventive maintenance or re-engineering can be categorized under repair service of 'goods' - Difference of opinion: CESTAT
 
Chennai, June 19, 2015
I-T - Whether Sec 80-IA allows Revenue to look backward and find out if there is any loss of earlier years and bring forward notionally even though same were set off against other income - NO: HC
 
Mumbai, June 19, 2015
ST - Society running canteen in factory premises - appellant is separate entity & engages various persons for preparation of food, though, in premises of their client and for serving food - appellant cannot claim that they are not provider of catering service: CESTAT
 
Mumbai, June 19, 2015
Cus - Department has reopened matter on different issue of valuation after Settlement Commission had passed its final order - In view of s. 127J of Customs Act decision of Customs in re-opening case is questionable: CESTAT
 
New Delhi, June 18, 2015
Customs - Valuation - imported goods - Related Person - No interference with order of Tribunal's findings of fact: Supreme Court
 
Bangalore, June 18, 2015
ST - Revenue loses huge case on limitation - coaching provided for IIT along with +2 Course is taxable under coaching services; Only for failure on part of adjudicating authority to exercise jurisdiction vested in him, extended period is not invokable: CESTAT by Majority
 
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