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GST - Neither SCN nor the order spell out the reasons for retrospective cancellation of registration, hence cannot be sustained: HCGST - Non-application of mind - If reply was unsatisfactory, details could have been sought - Record does not reflect that such exercise was done - Matter remitted: HCGST - 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: HCGST - 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 dronesI-T- Secured creditor has priority charge over secured asset, over claims of I-T Department & other Departments; any excess amount recovered by Secured Creditor from auction of secured asset, over & above the dues payable to it, are to be remitted to the Departments: HCFederal 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 damagesI-T - Once assssee on year of reversal has paid taxes on excess provision and similar feature appeared in earlier years and assesee had payments for liquidated damages on delay of deliverables, no adverse inference can be drawn: HCFormer IPS officer Sanjiv Bhatt jailed for 20 yrs for planting drugs to frame lawyerST - Software development service & IT-enabled service provided by assessee was exempt from tax during relevant period, by virtue of CBEC's Notification & Circular; demands raised for such period not sustainable: CESTATUN says Households waste across world is now at least one billion meals a dayCus - Order rejecting exporter's request for conversion of Shipping Bills on grounds that the same has been made by exporter beyond period of three months from date of Let Export Order in terms of CBEC Circular No. 36/2010-Cus : CESTATIndia, China hold fresh dialogue for complete disengagement on Western borders: MEACus - No Cess is payable when Basic Customs Duty is found to be Nil: CESTATThakur says India is prepared for 2036 OlympicsCX - As per settled law, a right acquired as result of a statutory provision, cannot be taken away retrospectively unless said statutory provision so provides or by necessary implication has such effect: CESTAT
 
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Chennai, April 27, 2015
Doctrine of unjust enrichment is not applicable to State Govt undertakings - High Court reverses Tribunal decision
 
Ahmedabad, April 27, 2015
Income tax - Whether when subsidy is not for buying capital assets and same was received after commencement of production it is to be construed as revenue receipt - YES: HC
 
New Delhi, April 27, 2015
Cus - Appellant cannot pick line here and line there, out of context and impute motive, which reading of whole document does not disclose - Appeal dismissed: High Court
 
New Delhi, April 26, 2015
India has pre-requisites for building advantage in services but regulations act as a barrier: FM
 
Kolkata, April 26, 2015
ST - Taxable services relating to transmission of electricity are exempted by s.11C notification 45/2010-ST -Board has clarified that notification would apply to all pending cases - Demand set aside and appeal allowed: CESTAT
 
New Delhi, April 25, 2015
225 NDRF rescue workers dispatched to assist States hit by Nepal quake
 
New Delhi, April 25, 2015
Sales tax - Whether when key activity of assessee is not business then any incidental transaction would amount to business only if an independent intention to carry on business is established - YES: Supreme Court
 
New Delhi, April 25, 2015
CX - Classification - pontoons - Tribunal held that product is not marketable and, therefore, would not attract any excise duty - This issue was not raised in reply to SCN - Tribunal to give speaking order - Matter remanded: Supreme Court
 
Mumbai, April 24, 2015
I-T - Whether mere lumpsum payment in relation to lease rent and maintenance of a pipeline, is required to be apportioned over entire period of lease, for claiming deduction on the same - NO: HC
 
New Delhi, April 24, 2015
NDPS - Appellant picked up from his house and charged with carrying poppy - convicted under NDPS - more stringent punishment, more heavy is burden upon prosecution to prove offence: Supreme Court
 
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