News Updates
Bombay High Court Grants Bail To Man Accused Of Financing Attempt To Murder Mahesh Bhatt
The Bombay High Court on Thursday granted bail to Obed Radiowala, a close aide of gangster Ravi Pujari and accused of arranging for finances for the attempt to murder producer Mahesh Bhatt in 2014. Radiowala arrested in the USA in 2017 for living there as an illegal immigrant. He was subsequently in 2019 after a red corner notice was issued against him. Justice Bharati Dangre...
'Personnel Trained To Shoot Guns Made to Make Dosas For Higher Officials, Shameful Colonial Practice' : Madras HC On Orderlies System
The Madras High Court on Friday expressed deep dissatisfaction that even after 75 years of Independence, the State could not effectively eradicate the colonial practice of engaging uniformed officers as orderlies in the residence of higher officials. "We're approaching 75 years of Independence and yet you can't do away with this colonial system. Personnel who have been trained to shoot guns...
Salary Paid Overlooking Other Essential Expenses, Forced To Cut Down Trips: KSRTC Seeks 10 More Days To Disburse Pending Salary Before Kerala High Court
The Kerala State Transport Employee Association (KSRTC) has sought ten more days from the Kerala High Court to disburse salary yet to be paid to its employees. This comes after the Court directed KSRTC to disburse salary to its employees for the months of June and July before August 10 while adjudicating on a plea alleging that the employees were not being paid promptly. Although the...
Aircraft Operator To Transfer The Passenger's Information To Designated Customs Systems By Push Method: CBIC
The Central Board of Indirect Taxes and Customs (CBIC) has notified the Passenger Name Record Information Regulations, 2022.As per the Regulations, the National Customs Targeting Centre-Passenger was established by the Board to receive and process passenger name record information along with any other information relevant for risk analysis of passengers. It will be done for the purpose of...
Retracted Statement Cannot Simply Be Brushed Aside : CESTAT
The Mumbai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that the contents of the retracted statement cannot simply be brushed aside to conclude that the assessee/appellant has indulged in the activity of undervaluation of goods.The two-member bench of S.K. Mohanty (Judicial Member) and P. Anjani Kumar (Technical Member) has observed that merely because...
Supreme Court Extends Time For Supertech Twin Tower Demolition
In connection with the Supertech Emerald Court project in Noida, the Supreme Court, on Friday, acceded to the request made by the New Okhla Industrial Development Authority (NOIDA) seeking time till 28th August, 2022 and a 'bandwidth of 7 days' thereafter to carry out demolition of the twin 40-storied towers. The Counsel appearing on behalf of NOIDA (Authority) stated...
Activity Of Mediator Cannot Fall Under Business Consultant Services, No Service Tax Under RCM Applicable: CESTAT
The Kolkata Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that the activity of a mediator cannot fall under business consultant services.The two-member bench of P. K. Choudhary (Judicial Member) and P. Anjani Kumar (Technical Member) has observed that the appellants/assessee are not liable to pay any service tax on the reverse mechanism on the...
GST On House Rent: Do All Tenants Have To Pay 18% GST?
The 47th GST Council meeting, presided over by Union Finance Minister Nirmala Sitharaman in June, approved a slew of changes to the taxing scheme. The modifications went into effect on July 18, 2022.One of the most significant changes was that a GST-registered tenant must pay Goods and Services Tax at the rate of 18% when renting a residential property. Earlier Regime Before June...
Summary Of SCN In Form GST DRC-01 Cannot Substitute Requirement Of Proper SCN: Jharkhand High Court
The Jharkhand High Court has held that the summary of show cause notice in Form GST DRC-01 cannot substitute the requirement of a proper show cause notice under section 73(1) of the CGST Act, 2017. The division bench of Justice Aparesh Kumar Singh and Justice Deepak Roshan has observed that the levy of a penalty of 100% of tax dues reflected in the Summary of the Order contained in...
Export Of Wheat Flour, Maida And Semolina Will Require Quality Certificate For Shipments From 14 August, 2022: DGFT
The Director General of Foreign Trade (DGFT) has notified that the export of wheat flour, maida, and semolina will require a quality certificate for shipments from August 14, 2022.The existing export policy of wheat flour (Atta), maida, samolina (Rava/Sirgi), wholemeal atta, and resultant atta shall be "free". However, the export of wheat flour (atta) is subject to the recommendation of...
ITAT Allows Deduction On Penalty Levied By SEBI For Shortfall In Margin Money
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT)has allowed the deduction of the penalty levied by the Securities and Exchange Board of India (SEBI) for a shortfall in margin money.The bench of B.R. Baskaran (Accountant Member) has observed that the penalty levied by SEBI for shortfall in margin money cannot be considered as a penalty for violation of any law falling within...