India assumes presidency of UN body on Migratory Species for three yearsWorld Bank loans USD 450 Mn to check groundwater depletion (See 'TOG News')Major fire in GST Bhavan in Mumbai; several persons feared trapped insideCBIC gathers district-wise data of export goods (See 'TOG News')TP - It is trite law that before making addition on account of ALP adjustment u/s 92CA(3), there is no profit available, which can be claimed as deduction u/s 10A or 10B: ITAT (See 'TOG Latest')I-T - In cases of re-assessment, it is trite law that the AO is obliged to pass a speaking order disposing off the assessee's objections to such proceedings: HC (See 'TOG Latest')Central Excise - Clearances of two units cannot be clubbed if they have no common funding, are financially independent & manufacture different products: CESTAT (See 'TOG Latest')Customs - It is trite law that charges of under-valuation must be established through proper method & burden thereof cannot be shifted onto the importer: CESTAT (See 'TOG Latest')CAT Members hold roundtable to improve adjudication quality & disposal rate (See 'TOG News')GulFood 2020 - India entices investment in food processing sector (See 'TOG News')TP - Royalty paid on trademark @ 1% of net sale & found to be at arm's length, warrants no further adjustment, when similar rate is adopted in assessee's own case for a past period: ITAT (See 'TOG Latest')I-T - Additions based on supposedly incriminating material found in Search operation are unsustainable, if co-relation between such evidence & the additions is not established: HC (See 'TOG Latest')Customs - Vishesh Krishi Upaj Yojna - EoUs cannot use buyer of their goods for export under the Scheme & to claim benefit of export when it is not permissible to them directly: SC (See 'TOG Latest')Central Excise - Extended limitation cannot be invoked if no suppression of facts is attributed to assessee & where Revenue omits to examine the requisite records: HC (See 'TOG Latest')Is DGFT overstepping its jurisdiction? (See 'THE INSIGHT')
Tax on Go
Budget 2015
Click the banner to download Documents
HOME       GST     INDIRECT TAX     INCOME TAX     DTAA     TP     MIXED BAG     LIBRARY    

JUST GAZETTED


CBIC notifies Sea Cargo Manifest and Transhipment (Amendment) Regulations, 2020
....

CBIC notifies export categories or sectors ineligible for duty credit scrip entitlement
....

CBIC exempts Customs duty against scrips issued under 2% additional ad hoc incentive for mobile phones
....

Minimum Import Price on Cashew Kernels (HS Code 0801 3210 & 0801 3220) inapplicable for imports by 100% EoUs
....

DGFT removes pre-export conditions for items mentioned in SION E-121, E-122, E-123, E-124, E-127 & E-128
....

Govt exempts Excise duty against scrips issued under RoSCTL scheme; offers ad hoc incentive for apparel & made ups sector
....

< More Circular / Notification / Instruction >

ORDER, ORDER!!

Chennai, Feb 17, 2020
TP - It is trite law that before making addition on account of ALP adjustment u/s 92CA(3), there is no profit available, which can be ....

Chennai, Feb 17, 2020
I-T - In cases of re-assessment, it is trite law that the AO is obliged to pass a speaking order disposing off the assessee's objections ....

New Delhi, Feb 17, 2020
Central Excise - Clearances of two units cannot be clubbed if they have no common funding, are financially independent & manufacture different products: CESTAT

Bengaluru, Feb 17, 2020
Customs - It is trite law that charges of under-valuation must be established through proper method & burden thereof cannot be shifted onto the importer: ....

< More News >
   
   

GST LATEST

THE INSIGHT

Is DGFT overstepping its jurisdiction?

By: Netizen

DGFT Prohibits import of "gifts" through Post or Courier.

This has reference to DGFT Notification No. 35/2015-20 dated 12.12.2019 amended para 2.25 of Foreign Trade Policy 2015-20 which now reads as "Import of goods, including those purchased from e-commerce portal, through post or courier, where customs clearance is sought as gifts, is ....

  < More INSIGHTS >
   

GST NEWS

New Delhi, Jan 23, 2020
TOG News Service
Govt eases manner of filing Form GSTR-3B ....

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% ....

< More GST News >

TIOL TUBE LATEST

   

NEWS PILLS

World Bank loans USD 450 Mn to check groundwater depletion

TOG NEWS SERVICE, NEW DELHI, FEB 17, 2020: THE Government of India and the World Bank today signed a $450 million loan agreement to support the national programme to arrest the country's depleting ....

CBIC gathers district-wise data of export goods

TOG NEWS SERVICE, NEW DELHI, FEB 17, 2020: THE Central Board of Indirect Taxes and Customs has now started capturing district-wise data or origin of export goods. The idea was also recently echoed ....

  < More News >

EDITOR's KEYBOARD - FROM ARCHIVE

2011 Saw Major Slide in FM's Confidence in Collective Wisdom!

By: Shailendra Kumar, Founder Editor (Dated: Jan 05, 2012)

IT is widely believed that the past foretells about some of the future events. If it is so, let's revisit the year gone by. The most dominating issue on the horizon of taxation in 2011 was undoubtedly the pernicious effect of tax havens on the fiscal health of the global economy. If we leave aside the initiatives taken by the G-20 ....

  < More Articles >