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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 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 I-T - Re-assessment is invalid where based only on a suspicion that income escaped assessment & where not based on concrete reasons to believe for commencing such proceedings : ITAT 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 Cus - When Department has not complied with time limit, the order issued for revocation of licence or order issued for continuation of suspension licence cannot sustain: CESTAT NY top court quashes conviction of Harvey Weinstein in rape case Weather prediction normal for phase 2 poll day IndiGo orders 30 Airbus A350s for long hauls ST - Appellant is an 'authorised medical practitioner' providing 'healthcare services' - services exempted in terms of clause 2(i) of notification 25/2012-ST: Commr(A)RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimes REC avails SACE-Covered Green Loan for 60.5 Billion Japanese Yen Study finds Coca-Cola accounts for 11% of branded plastic pollution worldwide Cus - 'Small Form-factor Pluggable Optical Transceivers' are classifiable under CTH 8517 7090 and not under CTH 8517 62 90 - entitled for benefit of duty concession under 57/2017-Cus: CESTAT DoNER discusses Development of Tourism in North East CX - Appellant is eligible for exemption under Notfn 12/2012-CE upon fulfilling all conditions stipulated therein, thus sufficiently establishing that goods dealt with by Appellants qualify for exemption: CESTAT


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Mumbai, August 14, 2018 Maharashtra VAT - As per Rule 53(6)(b) proportionate disallowance of ITC to Mutual Fund Trust is allowed on account of gold which was resold after 6 months from date of purchase under Gold ETF scheme: HC

Mumbai, August 14, 2018 Cus - Bitumen occurs naturally in Kermanshah province of Iran, therefore, alleging that none of the countries in middle East mined or exported Natural bitumen is on shaky foundation: CESTAT

Jaipur, August 14, 2018 I-T - Interest on income tax refund is not eligible for deduction to power generation company eligible for Sec 80IE benefit: ITAT

Mumbai, August 14, 2018 ST - Just because service recipient had instructed them not to raise invoices, it cannot be justifiable reason for not raising invoices and non-payment of tax when it is not disputed that payments were received from clients: CESTAT

Mumbai, August 14, 2018 CX - Interest is chargeable on Credit wrongly availed but not utilized up to 31.03.2012 - no apparent mistake which can be rectified: CESTAT

Mumbai, August 13, 2018 Cus - CBLR, 2018 - Regulation 15 - Prohibition cannot extend to an entire zone but has to be restricted to that section (or sections) of Customs station: CESTAT

Mumbai, August 13, 2018 I-T - Permission granted by CIT cannot countermand mandatory requirement of seeking permission from ACIT so as to validate notice for re-opening of assessment: HC

New Delhi, August 13, 2018 Drawback - Procurement of inputs duty free against form 'H' is not made a disqualification anywhere under Drawback Rules or Notifications: Revisionary Authority

New Delhi, August 11, 2018 I-T - When AO fails to explain how remittance from abroad is treated as income then re assessment proceedings can be quashed for insufficient reasons : ITAT

Bengaluru, August 10, 2018 I-T - Assessee is liable to TDS on LTC allowance even if it comes to know about foreign travel by employees only at time of reimbursement of bills: ITAT

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