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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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Mumbai, June 26, 2014
Whether principle of apportionment embedded in Sec 14A will apply when no cost was incurred for exempt income & primary object of investment was to acquire controlling stake in Group Concern and not to earn any income - NO: ITAT
 
New Delhi, June 26, 2014
ST - Mandap keeper or Convention - Neither SCN nor Appellate order concluded that renting of Hall for formal meetings which were not open to public, specific ingredients for transaction to fall within ambit of Convention: CESTAT
 
New Delhi, June 26, 2014
CX - Exemption under Notification No 3/2001 to Paper and Paperboard - Two registrations given for same plot having common facilities cannot be treated as two factories for exemption benefit - Tribunal confirms demand: CESTAT
 
New Delhi, June 25, 2014
Govt extends excise duty sops for capital goods & auto sector for six more months
 
Mumbai, June 25, 2014
ST - BAS - At retail outlets, appellants providing infrastructure to Mahanagar Gas for installing machinery for compression of gas - MGL selling CNG to appellant on payment of VAT or ST and appellants in turn selling to customers on RSP - profit margin is not commission: CESTAT
 
Amritsar, June 25, 2014
Income Tax - Whether premium paid on insurance policy designed under Unit Linked Investment Plan can be claimed as business expenditure u/s 37 - NO: ITAT
 
Mumbai, June 25, 2014
CX - There is no merit in contention that merely because person liable to pay duty has discharged duty liability, proceedings against others on whom penalty has been imposed u/r 26 will get concluded - Pre-deposit ordered of penalty: CESTAT
 
New Delhi, June 24, 2014
Asia corners 30% of global FDI inflows; India records 17% increase & China's outflows grew faster than inflows: UNCTAD's latest Report
 
Mumbai, June 24, 2014
ST - Refund - Export of goods - Tax paid on services of Commission agent on reverse charge basis - refund claimed under incorrect notfn. 17/2009-ST instead of 18/2009-ST - Claim rejected by original authority without issuance of SCN or giving a personal hearing - Matter remanded: CESTAT
 
Mumbai, June 24, 2014
Income tax - Whether provisions of Sec 153C allow the AO to invoke it casually and need not record any satisfaction - NO: Bombay HC
 
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