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Land cannot be held as an agricultural land in absence of agricultural operations

September 4, 2020 16986 Views 0 comment Print

Jairam G Kimmane Vs DCIT (ITAT Bangalore) In the present case, the claim of the Assessee that agricultural operations were carried out over the property and the property was actually used for agricultural purpose was sought to be established by relying on the classification of the property in revenue records. The Revenue contends that there […]

All India roll-out of Faceless Assessment by CBIC

September 4, 2020 2586 Views 0 comment Print

CBIC has decided to roll-out the Faceless Assessment at an All India level in all ports of import and for all imported goods by 31.10.2020. The detailed roll-out plan in phases covering different Customs Zones and Chapters of the Customs Tariff Act, 1975, including the existing Phases I and II, is given in Annexure I.

Customs procedure for export of cargo in containers & closed bodied trucks

September 4, 2020 684 Views 0 comment Print

CBIC had prescribed the procedure for facilitating and monitoring transshipment of consignments sealed at ICDs/CFSs under ECTS and destined for export to Nepal or Bangladesh.

Export of Finished Leather – Revised Leather Norms

September 4, 2020 6408 Views 0 comment Print

Certain additions/amendments have been made in the entry Finished Leather all kinds appearing at Serial No: 176, Chapter 41, Schedule 2 – Export Policy, of the Foreign Trade Policy 2015-20 in the light of several changes that have taken place in the past 7-8 years in the tanning technology and new types of finished leather […]

Writ cannot be entertained as an efficacious statutory remedy is available to petitioner: HC

September 3, 2020 822 Views 0 comment Print

Paradeep Phosphates Ltd. Vs Asst. Commissioner, CGST And Central Excise (Orissa High Court) we are of the considered opinion that since an efficacious statutory remedy is available to the petitioner to assail the legality and validity of the order passed under Annexure-5, this Court should be slow in entertaining the writ petition at this stage. […]

Grant of Parole/Furlough to inmates & their premature release from Prison

September 3, 2020 1974 Views 1 comment Print

Prison, as a deterrent and an institution of correctional administration, is a key constituent of criminal justice system. Imprisonment besides being a mode of punishment also aims at protecting the society from criminal activities. A balance is, therefore, considered essential between ensuring the rights of inmates and protecting the society from further harm.

CBIC notifies Rate of Exchange of Foreign Currencies wef 4.9.2020

September 3, 2020 2457 Views 0 comment Print

Exchange Rates Notification No. 84/2020-Custom (NT) dated 03.09.2020 [Effective from 04th September, 2020 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) ***** Notification No. 84/2020 – Customs (N.T.) New Delhi, dated the 3rd September, 2020 12 Bhadrapada 1942 (SAKA) In exercise of the powers conferred by section […]

GST payable on supply of Infrastructure for Household electrification to AWNL

September 3, 2020 714 Views 0 comment Print

In re ARG Electricals Pvt. Ltd. (GST AAAR Rajasthan) The Ajmer Vidyut Vitran Nigam Limited (hereinafter called as AWNL) had invited bids for providing of Rural Electricity Infrastructure for Household electrification in selected blocks of Dungarpur District of Ajmer DISCOM under Rajiv Gandhi Grameen Vidhyutikaran Yojana scheme on turnkey basis for erection of 11KV & […]

SC allows 10 years time to Telecom Companies to pay AGR dues

September 3, 2020 918 Views 0 comment Print

(i) That for the demand raised by the Department of Telecom in respect of the AGR dues based on the judgment of this Court, there shall not be any dispute raised by any of the Telecom Operators and that there shall not be any re­assessment. (ii) That, at the first instance, the respective Telecom Operators shall make the payment of 10% of the total dues as demanded by DoT by 31.3.2021.

Exposure Drafts of Forensic Accounting & Investigation Standards

September 2, 2020 1251 Views 0 comment Print

The Digital Accounting Assurance Board of The Institute of Chartered Accountants of India (ICAI) invites comments on the following exposure drafts of Forensic Accounting and Investigation Standards (FAIS):

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