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3 Indian women from Gujarat died in mega SUV accident in US JNU switches to NET in place of entrance test for PhD admissions GST - fake invoice - Patanjali served Rs 27 Cr demand notice I-T - Bonafide claim of deduction by assessee which was accepted in first round of proceedings does not tantamount to furnishing of inaccurate particulars, simply because it was disallowed later: ITAT India-bound oil tanker struck by Houthi’s missiles in Red Sea SCO Defence Ministers' Meeting endorses 'One Earth, One Family, One Future'RBI issues draft rules on digital lending I-T - In order to invoke revisionary jurisdiction u/s 263, twin conditions of error in order and also prejudice to interest of Revenue must be established independently: ITAT CRPF senior official served notice of dismissal on charges of sexual harassment Indian Air Force ushers in Digital Transformation with DigiLocker Integration Columbia faculty blames leadership for police action against protesters CX - When process undertaken by assessee does not amount to manufacture, even then CENVAT credit is admissible if such inputs are cleared on payment of duty which would amount to reversal of credit availed: CESTAT Google to inject USD 3 bn investment in data centre in Indiana Cus - The equipments are teaching accessories which enable students in a class to respond to queries and these equipments are used along with ADP machine, same merits classification under CTH 8471 60 29: CESTAT UN says clearing Gaza mounds of rubble to take 14 yrs ST - When issue is of interpretation, appellant should not be fastened with demand for extended period, the demand confirmed for extended period is set aside: CESTAT Blinken says China trying to interfere US Presidential polls World Energy Congress 2024: IREDA CMD highlights need for Innovative Financing Solutions


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Mumbai, October 17, 2013 Cus - Notfn 97/2004 - Appellant imports machinery under EPCG but installs same in mines for rental - actual user condition violated - Joint DFGT imposed penalty of Rs 25 lakhs - consequently appellant would no longer be eligible for benefit of said Notification - penalty upheld: CESTAT

Mumbai, October 16, 2013 CX - Refund - Certainty promotes rule of law - While adjudicating upon refund it is necessary for AOs & appellate authorities to dispose of all objections so that proceedings do not remain pending for years - HC directs CBEC to issue necessary guidelines

Mumbai, October 16, 2013 CX - S 4 - Valuation - There is no merit in argument that where goods are delivered at customers' premises at a pre-agreed rate of transportation, cost of transportation should be excluded from sale price to arrive at AV - Pre-deposit of Rs 4 Cr ordered: CESTAT

Ahmedabad, October 15, 2013 I-T - Whether legal fiction created u/s 50 can also curb application of Sec 54EC if assessee makes investment in tax-free bonds - NO: Gujarat HC

Mumbai, October 15, 2013 ST - Citi Bank entrusted processing of transactions to appellant - since computerized data processing is excluded from scope of BAS, question of confirmation of demand does not arise - Demand not sustainable because SCN allegations and ground for confirmation are at variance - appeal allowed: CESTAT

New Delhi, October 15, 2013 CX - When two exemption Notifications are available to an assessee, he can always opt for one which is most beneficial for him and in this regard Department cannot force assessee to avail particular exemption Notification - Stay granted: CESTAT

Mumbai, October 15, 2013 CENVAT - It is admitted fact that prior to 10/09/2004 appellant was not registered as output service provider - If that be so, question of availing or taking any credit in respect of input service received prior to 10/09/2004 would not arise ab initio: CESTAT

Ahmedabad, October 14, 2013 Central Excise – 100% EOU – DTA Clearances -No Third Time Cess: High Court

New Delhi, October 14, 2013 CENVAT - Amount of 5%/10% paid by manufacturer in terms of rule 6 is ‘recovered' from customers - Revenue taking view that said recovery should be treated as 'additional consideration' and again 10% should be paid- Matter referred to Third Member: CESTAT

Chennai, October 14, 2013 I-T - Whether when holding company transfers its shares to wholly owned subsidiary at book value, same can be taxed under provisions of Gift Tax - YES: Madras HC

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