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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, April 30, 2015
ST - Supply of drilling rig - Notfn 14/ 2010 cannot be said to be clarificatory - transaction is in nature of providing services by vessels for prospecting mineral oil & as such is service consumed by seabed in Continental Shelf & would come in tax net only after Notification came into effect: HC
 
Ahmedabad, April 30, 2015
I-T - Whether when method deployed by assessee for computation of capital gains was found to be wrong, it confers jurisdiction on AO to reopen assessment after four years - NO: HC
 
Mumbai, April 30, 2015
CX - Valuation - Merely because Legislature devises mode which reflects full commercial value it cannot be said that Rule 10A falls foul of mandate of Articles 14 and 19 of Constitution or travels beyond Ss 3 and 4: HC
 
Hyderabad, April 29, 2015
Service Tax Liability on irrigation projects undertaken on EPC/Turnkey mode - Whether liable for Service Tax under clause (e) of Work Contract definition - CESTAT Larger Bench Rules in favour of assessee
 
Bangalore, April 29, 2015
ST - While remanding matter, Tribunal can impose condition of pre-deposit - But such power has to be exercised only in judicious manner and not in an arbitrary manner - Order of Tribunal directing pre-deposit set aside: High Court
 
Bangalore, April 29, 2015
Income tax - Whether Sec 35AB gets attracted where sum incurred towards procurement of technical know-how is revenue in nature - NO: HC
 
Mumbai, April 29, 2015
CX - Co-appellant cannot be exonerated from penalty imposed u/r 26 of CER, 2002 even if main appellant has paid duty, interest and 25% of penalty in terms of proviso to Sec11A(2) - Immunity is available to only those persons to whom notice is issued u/s 11A(1): CESTAT
 
New Delhi, April 28, 2015
Customs - Appeal before Commissioner (Appeals) - Limitation - Time taken to pursue appeal in wrong forum to be excluded - Principles of Section 14 of Limitation Act applicable: Supreme Court
 
Bangalore, April 28, 2015
Income tax - Whether when assessee fails to establish that deferred revenue is actually declared as income in subsequent AYs, no fault can be attributed if AO resorts to reassessment - YES: HC
 
Ahmedabad, April 28, 2015
CX - Entire case was made out on basis of pre-drafted statements of buyers and computer printouts - Investigating officers have failed to comply with conditions of S.36B of CEA, 1944 - there is no adequate material available on record to establish clandestine removal of goods-appeals allowed: CESTAT
 
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