News Update

Income tax hands over Rs 1700 Cr tax demand to Congress PartyGST - Neither SCN nor the order spell out the reasons for retrospective cancellation of registration, hence cannot be sustained: HCStage-2 of Vikram-1 orbital rocket successfully test-firedGST - Non-application of mind - If reply was unsatisfactory, details could have been sought - Record does not reflect that such exercise was done - Matter remitted: HCHouthis claim UK has not capability to intercept their hypersonic missilesGST - 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: HCIsraeli forces kill 200 Palestinians at Gaza medical complex & arrest over 1000GST - 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 dronesFederal 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 damagesFormer IPS officer Sanjiv Bhatt jailed for 20 yrs for planting drugs to frame lawyerCus - No Cess is payable when Basic Customs Duty is found to be Nil: CESTAT
 
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Mumbai, May 18, 2018
CX - Once appellant has opted for provisions of Section 11A(6) & (7) of CEA, 1944, proceedings stand concluded and no grievance can be raised on behalf of either side: CESTAT
 
Mumbai, May 18, 2018
ST - DG sets cleared from factory of payment of CE duty - Appellant engaging sub-contractors for providing installation and commissioning services - service tax paid, rightly availed as CENVAT credit: CESTAT
 
Ahmedabad, May 17, 2018
I-T - Simultaneous notices of reopening will not be construed as mere continuation of proceedings, until former one was withdrawn or quashed by Department itself: HC
 
Ahmedabad, May 17, 2018
Gujarat VAT -Paver blocks and curb stones are 'Bricks' classifiable within entry 10(1) of Schedule II to Gujarat Value Added Tax Act: HC
 
New Delhi, May 17, 2018
Service Matter - SC directs Govt to set up body overseeing functioning of Tribunals
 
Mumbai, May 17, 2018
ST - Amounts paid in cash take shape of tax only when same are adjusted by filing return against tax liability - facility of filing late returns is not meant to be a mechanism to avoid payment of taxes: CESTAT
 
Mumbai, May 17, 2018
Cus - Demand of Customs duty on warehoused goods which has been stolen from duty free shops by some CISF and police personnel cannot be demanded from Appellant: CESTAT
 
Ahmedabad, May 17, 2018
I-T - If Revision Petition stands decided, it is not open to CIT(A) to decide appeal on merit: HC
 
Mumbai, May 17, 2018
CX - If an input is cleared on reversal of CENVAT credit availed, the question of invoking provisions of Rule 6(3A) of CCR, 2004 does not arise: CESTAT
 
Ahmedabad, May 16, 2018
When Sec 234B was inserted to address mischief of missing interest on excess refund granted after processing return, it cannot be argued that such interest always existed within I-T Act: HC
 
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