Technology should be low-cost & inclusive: Prasad (See 'TOG News')Atal Innovation Mission & UNDP host Youth Co:Lab Innovation Challenge (See 'TOG News')TP - Transfer pricing adjustment which does not hold test of legal sanctity as per provisions of Section 144C(10), is invalid: ITAT (See 'TOG Latest')I-T - Section 46A is charging provision for gains arising from buy-back of shares & would prevail over general provision u/s 45 for taxing capital gains arising on transfer of capital asset: ITAT (See 'TOG Latest')Customs - When penalty is imposed on partnership firm, separate penalty cannot be imposed on its partner: CESTAT (See 'TOG Latest')Central Excise - Fraudulent availment of credit without receipt of inputs - There is an entry at Information Collection Centre of the State VAT showing that goods passed through it to reach assessee's factory - Credit cannot be denied: CESTAT (See 'TOG Latest')APEDA sets up 186 labs to test Agri products (See 'TOG News')DPIIT adopts paperless licensing for Petroleum service stations (See 'TOG News')TP - When margin adopted in APA is within permissible range with margin computed by taxpayer, then ALP adjustments merits computation accordingly: ITAT (See 'TOG Latest')I-T - Assessment framed & penalty proceedings deserve to be upheld, where assessee does not submit requisite evidence to explain expenses incurred: HC (See 'TOG Latest')Central Excise - There is no bar in Section 4(1) of CEA from there being two transaction values for the same product & for the same receiver: CESTAT (See 'TOG Latest')Service Tax - Recipient of service can claim refund on the strength of the STTG certificate issued by Indian Railways: CESTAT (See 'TOG Latest')Prasad to inaugurate NIC TechConclave 2020 (See 'TOG News')INTL - Non existence of PE of non-residents to whom payments have been made by Indian entity, does not warrant deducting TDS u/s 195: ITAT (See 'TOG Latest')I-T - Scope of term 'relative' as per Section 56 of the I-T Act, includes the relationship of brother-in-law - Cash gift received from such relative cannot be treated as not genuine: HC (See 'TOG Latest')Customs - Request to cross examine Departmental officers - New adjudicating authority cannot deny such request based solely on such request being rejected by predecessor officer: CESTAT (See 'TOG Latest')VAT - AO must independently apply mind while ascertaining classification of goods & eligibility to exemption, rather than relying solely on clarification issued by superior officer: HC (See 'TOG Latest')SVLDRS, 2019 needs to be extended further (See 'THE INSIGHT')
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CBIC issues detailed Clarification regarding import of gifts
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RBI allows Rupee derivatives to be traded at International Financial Services Centres
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Mis-classification goods under 'Others' category at the time of Import
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CBIC notifies Customs exchange rates for various currencies w.e.f. 17.01.2020
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CBDT issues Circular relating to TDS u/s 192
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CBIC issues detailed Circular on paperless processing under SWIFT
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ORDER, ORDER!!

New Delhi, Jan 21, 2020
TP - Transfer pricing adjustment which does not hold test of legal sanctity as per provisions of Section 144C(10), is invalid: ITAT ....

Bengaluru, Jan 21, 2020
I-T - Section 46A is charging provision for gains arising from buy-back of shares & would prevail over general provision u/s 45 for taxing capital ....

Ahmedabad, Jan 21, 2020
Customs - When penalty is imposed on partnership firm, separate penalty cannot be imposed on its partner: CESTAT ....

Chandigarh, Jan 21, 2020
Central Excise - Fraudulent availment of credit without receipt of inputs - There is an entry at Information Collection Centre of the State VAT showing ....

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GST LATEST

THE INSIGHT

SVLDRS, 2019 needs to be extended further

By: S Ramani

SABKA Vishwas Scheme is introduced to close issues pending under the erstwhile Central Excise Act 1944 and Chapter V of Finance Act 1994 among others with payment of partial Duty/Tax liability with waiver of interest/ penalty and immunity from prosecution.

The Scheme is available to Legacy issues where SCNs issued as of 30.6.2019 or duty liability has ....

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GST NEWS

New Delhi, Jan 07, 2020
TOG News Service
CBDT, CBIC & GSTN to exchange data on quarterly basis ....

New Delhi, Jan 02, 2020
TOG News Service
GST collections for Dec 2019 cross Rs 1 lakh crore mark ....

New Delhi, Dec 18, 2019
TOG News Service
GST - Tax rate for lottery fixed at 28% ....

New Delhi, Dec 18, 2019
TOG News Service
GST Council decides to extend due dates for Form GSTR-9C ....

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NEWS PILLS

Technology should be low-cost & inclusive: Prasad

TOG NEWS SERVICE, NEW DELHI, JAN 21, 2020: THE Union Minister for Law & Justice, Communications and Electronics & Information Technology, Mr Ravi Shankar Prasad, has said ....

Atal Innovation Mission & UNDP host Youth Co:Lab Innovation Challenge

TOG NEWS SERVICE, NEW DELHI, JAN 21, 2020: ATAL Innovation Mission, NITI Aayog and United Nations Development Programme (UNDP), on Sunday hosted a three day long Youth Co Lab ....

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EDITOR's KEYBOARD - FROM ARCHIVE

The sleazy world of Politico-Corporate-Journo-PR Agency Nexus - A heady configuration, indeed!

By: Shailendra Kumar, Founder Editor (Dated: Dec 02, 2010)

IN the past two weeks a frightening volume of phone-tapping transcripts and other documents have come out in the public domain. The world wide web (www) never had it so good in the past if we take into account the leaks originating from WikiLeaks. These are related to a host of controversies - they are related to dubious methods of foreign ....

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