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IMF projects India’s growth for 2025 to be 6.8%Delhi Police nabs woman for thieving luxury SUVs Mega inferno burns down 17th century Copenhagen building CBDT inked 125 APAs last fiscal 7, including 3 women & a child, killed in road accident in Patna ECI states position on enforcement of MCC during first month UK to criminalise creation of sexually explicit deep fakes Chinese economy spikes by 5.3% in first quarter Indian Coast Guard rescues stranded fishing boat off Karwar UPSC releases results of Civil Services 2023; Aditya Srivastava tops the list India’s exports marginally dips into minus in March month Diversion of goods imported under Advance Licence to Open Market: Mens rea upheld Seasonal rainfall likely to be 106 % of Long Period Average: IMD Workshop held for Eco-friendly Measures for Holistic National Highway Development What was Biden’s income in 2023? - ITR shows USD 6.2 lakh I-T - Act & Rules thereto provide a method for service of notices & orders; communication of notices before any action is taken, is mandatory: HC Mumbai Police nabs two shooters involved at random firing at Salman’s house I-T- Assessee cannot be expected to be logged in to I-T portal at all times, so as to be notified of actions taken by Department: HC IRS fears spurt in crypto tax evasion cases I-T - Expenses written off is only allowable if assessee offers said amount as income in previous years: HC Breast cancer to kill over 10 lakh women by 2040: Lancet Report Samsung gets USD 6.4 bn in subsidy for Texas chip production India to resume FTA talks with EU next month


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Bangalore, January 23, 2015 Cus - Proper Officer - SCN issued by Dy Commr., CE for recovery of Customs duty in terms of Rule 8 of Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 1996 is invalid - No error in order of Tribunal: HC

Mumbai, January 22, 2015 Cus - 'Pediasure' & 'Ensure' are instant food mixes meant for different age groups - Notification 02/2011-CE does not stipulate that it should be for consumption by all people or by all age groups - exemption available: CESTAT

Ahmedabad, January 22, 2015 ST - Submission that since penalty u/s 78 has been waived u/s 80, extended period is not invocable is not sustainable - both sections are to be independently examined - Appellant preferred to sit quiet with his eyes closed: CESTAT

New Delhi, January 22, 2015 Income tax - Whether proviso to Sec 2(15) automatically gets attracted merely because assessee cricket association chages fees for matches - NO: ITAT

Mumbai, January 22, 2015 Cus - Conversion of Free Shipping Bills to Drawback Shipping bills - whether Single Member Bench can hear matter - Issue referred to Larger Bench: CESTAT

Cuttack, January 21, 2015 ST/CUS/CX - Speed Post is also Registered Post - only difference is charges payable & speed of delivery - Service of notice by Speed Post to be considered as equivalent to registered post - Amendment in sec 37C is clarificatory: HC

Mumbai, January 21, 2015 Cus - Refund - Goods imported in July 2008 and SAD paid - later, goods were detained - it was only after HC ordered provisional release in March 2010 that goods were sold & refund claim was filed - claim within time: CESTAT

Bangalore, January 21, 2015 I-T - Whether rental income derived from temporary sublease of office premises is to be treated as part of business, eligible for Sec 10A benefits - YES: HC

Mumbai, January 21, 2015 CENVAT - Duty paid PU foam blocks cut into different sizes & cleared under CH 39.26 by utilizing credit - credit denied by holding that activity is not 'manufacture' - having accepted duty, appellant rightfully eligible for credit: CESTAT

Mumbai, January 20, 2015 Cus - Valuation - Related persons - In contract entered into with related foreign suppliers, appellant has freedom to procure raw-materials from any person, so long as quality is maintained - wrong to say that relationship has influenced supply price of raw materials: CESTAT

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