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World Energy Congress 2024: IREDA CMD highlights need for Innovative Financing Solutions Voter turnout surpasses 50% by 4 PM in Phase 2 polls ST - Amendment made to FA, 1994 on 14.05.2015 making service tax applicable retrospectively on chit-fund business is only prospective - Refund payable of tax paid between 01.07.2012 to 13.05.2015: HC XI tells Blinken - China, US ought to be partners, not rivals ST - SVLDRS, 2019 - Amnesty Scheme, being of the nature of an exemption from the requirement to pay the actual tax due to the government, have to be considered strictly in favour of the revenue: HC CX - Issue involved is valuation of goods u/r 10A of CE Valuation Rules, 2000 - Appeal lies before Supreme Court: HC Cus - Smuggling - A person carrying any article on his belonging would be presumed to be aware of the contents of the articles being carried by him: HC Cus - Penalty that could be imposed for smuggling 3.2 kg of gold was Rs.88.40 lakhs, being the value of gold, but what is imposed is Rs.10 lakhs - Penalty not at all disproportionate: HC Cus - Keeping in mind the balance of convenience and irreparable injury which may be caused to Revenue, importer to continue indemnity bond of 115 crore and possession of confiscated diamonds to remain with department: HC Cus - OIA was passed in October 2022 remanding the matter to adjudicating authority but matter not yet disposed of - Six weeks' time granted to dispose proceedings: HC I-T - High Court need not intervene in matter involving factual issues; petitioner may utilise option of appeal: HC China asks Blinken to select between cooperation or confrontation I-T - Unexplained cash credit - additions u/s 68 unsustainable where based on conjecture & surmise alone: ITAT Honda to set up USD 11 bn EV plant in Canada Imran Khan banned from flaying State Institutions I-T - Income from sale of flats cannot be computed in assessee's hands, where legal possession of flats had not been handed over to buyers in that particular AY: ITAT Pro-Palestine demonstration spreads across US universities; 100 arrested I-T - Investment activities in venture capital which are not covered in negative list under Schedule III to SEBI Regulations, qualifies for deduction u/s 10(23FB): ITAT NATO asks China to stop backing Russia if keen to forge close ties with West NY top court quashes conviction of Harvey Weinstein in rape case


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Mumbai, May 10, 2014 ST - If appellant is able to show from contract, Running Account Bills and returns filed with Sales Tax Authorities value of goods sold, it would amount to complying with Notf. 12/2003-ST: High Court

Bangalore, May 10, 2014 ST - S 35F - Pre-deposit of adjudged dues is also applicable to statutory authority set up by State Govt - When Legislature has not made any distinction, Court cannot make any by judicial order: HC

Ahmedabad, May 09, 2014 ST - Port service - Services of Stevedoring & Lighterage provided at minor ports is not taxable in absence of authorization having been issued in favour of appellant by Gujarat Maritime Board: CESTAT

Ahmedabad, May 09, 2014 VAT - Fiscal incentives by Gujarat Govt in form of loan to Tata Motors at 0.1% simple interest per annum - such amount is not refund of tax - no merit in PIL: HC

Allahabad, May 09, 2014 CX - Refund - as interest @ 12% has been provided by SC, there is no reason that petitioner may not get interest @ 12% - No direction is necessary: HC

New Delhi, May 09, 2014 I-T - Whether if assessee fails to ensure presence of its vendors during assessment proceedings, it warrants rejection of books of accounts - NO:HC

Ahmedabad, May 09, 2014 CENVAT - Payment of bills made at discounted value by appellant to service provider - credit of full tax shown on duty paying document is admissible: CESTAT

Ahmedabad, May 08, 2014 ST - VCES - shortfall in depositing 50% declared tax dues by Dec 31 - declaration rightly rejected - There is no power for waiving or relaxing condition of depositing 50% tax dues flowing from Sec 107 - Petition dismissed: HC

New Delhi, May 08, 2014 CENVAT - Service Tax paid for premises taken on rent for job worker is not an Input service as expression 'in relation to business' cannot be extended to such an extent so as to include activities at end of an independent person: CESTAT

Mumbai, May 08, 2014 ST - Petro product outlets owned by appellant leased out to dealers for sale of products on monthly fee basis - It is not as if dealers bring goods to appellant for warehousing - it's not Warehousing service: CESTAT

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