News Update

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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New Delhi, April 06, 2015
ST - Calling the finding as 'analysis' is an embarrassment to that word itself - cavalier and careless attitude on full display - Cost of Rs 25K to be deposited by CST, Delhi to PM Relief Fund: CESTAT
 
New Delhi, April 06, 2015
Income tax - Whether prize money is a payment of personal nature akin to a gift which has no element of quid pro quo and is thus to be construed as capital receipt - YES: HC
 
Mumbai, April 06, 2015
Cus - Refund - Unjust enrichment - If duty incidence had not been passed on, same should have been recorded as amounts due from department in receivables account - Appeal dismissed: CESTAT by Majority
 
New Delhi, April 05, 2015
CMs & CJs Meet - PM urges judiciary to deploy technology to bring qualitative change in judiciary
 
Chennai, April 05, 2015
CX - Rebate - Limitation under Sec 11B will not apply to rebate claim made under CX Notification No 19 of 2004 - Rule 18 is independent: HC
 
Chennai, April 04, 2015
False declaration of weight and quantity in Bill of Lading - It is not necessary that Bill of Entry should be filed for proceeding against importer - Tribunal erred in setting aside confiscation and penalty: High Court
 
Mumbai, April 03, 2015
ST - Once amount of tax is paid u/s 73(3) and no SCN is issued u/s 73(1), issue is considered as closed and no refund arises - Appeals rejected: CESTAT
 
Mumbai, April 03, 2015
Refund of SAD - Part clearances of hazardous bulk cargo allowed by Customs and final out-of-charge given for entire consignment - Commissioner (A) has gone on tangent and held that appellant could not have sold goods which were not in his possession - Refund admissible: CESTAT
 
Mumbai, April 02, 2015
ST - Amount of Rs 1493 Cr given by M/s RCOM to appellant is loan by way of Inter Corporate deposits - amount repaid in same FY - Only payment made towards services provided can be brought under ambit of sum received and not any other amount: CESTAT
 
Mumbai, April 02, 2015
Cus - Appellant helping importer in clearance of car - There are no multiple causes of action and total action of sale is indivisible - Once a case has been decided in respect of importer by Settlement Commission, it is not open to Revenue to proceed against other co-noticees: CESTAT
 
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