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Value Of Bought Out Items Supplied Along With Manufactured Goods Cannot Be Included In Assessable Value Of Manufactured Goods: CESTAT
The Ahmedabad Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that the value of bought-out items supplied along with manufactured goods cannot be included in the assessable value of the manufactured goods.The bench of Ramesh Nair (Judicial Member) and C.L. Mahar (Technical Member) has observed that the manufacture of lattice masts is an independent...
Supreme Court Issues Notice On Delhi Government’s Petition Challenging LG's Refusal To Approve Appointment Of DERC Chairperson
The Supreme Court, on Friday, issued notice on a writ petition filed by the Government of National Capital Territory of Delhi (GNCTD) against the Delhi Lieutenant Governor's inaction in approving the proposal to appoint retired MP High Court Judge, Justice Rajeev Kumar Shrivastava as the Chairperson of the Delhi Electricity Regulatory Commission (DERC).Senior Advocate Dr Abhishek Manu...
2002 Godhra Train Burning Case | Supreme Court Grants Bail to Eight Life Convicts, Rejects Pleas Of Four Others
The Supreme Court on Friday granted bail to eight life convicts in the 2002 Godhra train carnage case in Gujarat, while refusing to consider the application of four others in view of their roles in the violence. “I only have some issue with four persons because of their roles,” Solicitor-General for India told a bench comprising Chief Justice DY Chandrachud and Justice...
Service Tax Exemption On Handling Of Agriculture Produce By A Cargo Handling Agency: CESTAT
The Ahmedabad Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that service tax is exempted from the handling of agricultural produce by a cargo handling agency.The bench of Ramesh Nair (Judicial Member) and C.L. Mahar (Technical Member) has noted that as per Notification No. 10/2002-Service Tax dated. 01.08.2002, the government exempts the taxable...
Why National Security Act Applied Against YouTuber Manish Kashyap For Fake Videos? Supreme Court Asks Tamil Nadu Govt
The Supreme Court on Friday issued notice to the State of Tamil Nadu on a plea by YouTuber Manish Kashyap seeking to quash his detention under the National Security Act over allegations of spreading fake news about the attacks on Biharis in the southern state.During the hearing, a bench comprising Chief Justice of DY Chandrachud and Justice PS Narasimha questioned the need for invoking NSA...
Adjustment Of Difference In Depreciation To The Profits Eligible For Income Tax Exemption: ITAT
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that adjustment of the difference in depreciation to the profits makes them eligible for income tax exemption.The bench of Amit Shukla (Judicial Member) and Padmavathy S. (Accountant Member) has observed that the adjustment of the difference in depreciation to the profits eligible for exemption under Section 10A will not...
Fake News Case : Supreme Court Refuses To Entertain Plea Of OpIndia CEO & Editor Against TN Police FIR; Asks Them To Approach HC
The Supreme Court on Friday refused to entertain a writ petition filed by Nupur Sharma and Rahul Roushan, the editor and founder of online portal "OpIndia", challenging the FIR registered by the Tamil Nadu Police for allegedly spreading fake news about attacks on Biharis in the southern state.A bench comprising Chief Justice of India DY Chandrachud and Justice PS Narasimha observed that...
Once Additions Made Under Black Money Act The Same Addition Cannot Be Made Under Income Tax Act: ITAT
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has held that once additions have been made under the Black Money Act, the same additions cannot be made under the Income Tax Act on the same set of facts.The bench of C.N. Prasad (Judicial Member) and N.K. Billaiya (Accountant Member) has upheld the order of the CIT(A), in which it was held that the addition so made by the AO amounts...
'We Are Not Here To Generate Revenue For Lawyers' : CJI DY Chandrachud
"We are not here to generate revenue for lawyers", Chief Justice of India DY Chandrachud said on Friday while rejecting the request of a lawyer to add the name of a senior counsel in the appearances in a case."We remember who all appeared and who did not. If someone didn't appear, we can't help them", CJI told the lawyer who mentioned the matter during the mentioning...
DGFT Lays Down Procedure For Applying For Amnesty Scheme For One-Time Settlement Of Default In Export Obligation
The Director General of Foreign Trade (DGFT) has laid down the procedure for applying for the amnesty scheme for one-time settlement of default in export obligations by Advance and Export Promotion Capital Goods (EPCG) authorization holders.The application for AA/EPCG discharge or closure shall be filed online by logging onto the DGFT website.The applicant shall select the checkbox for...
Uphaar Fire Tragedy: Supreme Court Quashes Proceedings Against Former IPS Officer Amod Kanth For Not Obtaining Sanction Under S 197 CrPC
The Supreme Court on Thursday(April 20) ruled in favour of the ex IPS officer Amod Kumar Kanth in the connection with a case pertaining to the Uphaar fire tragedy which happened in 1996. The Court has set aside the Magistrate’s order taking cognisance of a complaint against Kanth, who allegedly did not take action against “extra seats” in the Uphaar theatre hall which had blocked...