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India: Pillar Two: Qualified Refundable Tax CreditI-T- Additions framed u/s 68 is warranted, given that the loan was repaid within 10 days & transaction was conducted through a banking channel with proper documentation : ITATYadav Releases India State of Forest Report 2023I-T - If assessee had not made investment in infrastructure projects, it cannot be treated as developer, which is primary condition for claiming deduction u/s 80-IA: ITAT'Prashasan Gaon ki Ore Campaign 2024': India's largest campaign for redressal of public grievancesI-T - Mere suspicion of being beneficiary of any alleged accommodation entries in form of exempted capital gain/ loss, is no basis to make addition: ITATBharatNet: Bridging the Digital DivideI-T - Profits from transaction of immovable property undertaken by way of registered conveyance deed, is to be treated as 'business income': ITATNadda urges CMs to focus on Intensified TB Elimination CampaignI-T - Long term capital gains declared by assessee cannot be assessed as unexplained cash credit u/s 68, in absence of any evidence to show price rigging by assessee: ITATAhmedabad Airport Customs nabs Rajasthan couple while selling smuggled luxury watch wroth Rs 13 CroreI-T - Disallowances for deduction u/s 80G vis-à-vis CSR can be restricted to contributions made to funds mentioned in Section 800(2)(a)(iiihk) and (iiihl) only: ITATKuwait confers highest honour on PM; inks defence pactI-T- Transactions of purchase and sale of shares cannot be considered to be bogus, when the documentary evidences furnished by the assessee establish genuineness of the claim: ITATBusinessman & 9 family members die in plane crash in BrazilI-T - Once NBFC has paid fixed coupon rate of interest on perpetual debentures, same is on account of consideration paid for capital borrowed which is in nature of interest and hence, allowable u/s 36(1)(iii): ITATTDP rolls out membership drive in DelhiVAT - Royalty receipts are not taxable in absence of any transfer of right to use goods: HCTrump threatens to notify Mexican cartels as terroristsGST - Once dealer has paid tax in accordance with Sec 5 of KGST Act and not Sec 7 of KGST Act, then benefit of concessional rate of tax approved by State Government for bar attached hotels, would enure to it: HCSweden blasts China for denying full access to vessel suspected of sabotaging under sea cableGST - Once it has been laid down that a person is not required to request for 'opportunity of personal hearing' and it remained mandatory upon the Assessing Authority to afford such opportunity before passing an adverse order, the fact that petitioner may have signified 'No' in the column meant to mark the assessee's choice to avail personal hearing, would bear no legal consequence: HCTrump lambasts Panama over excessive fee being charged for Panama canalGST - Telecom towers are moveable assets & thus not subject to the input tax credit denial u/s 17(5)(d) of CGST Act: HCUS FDA approves India teaGST - Court has, in several cases, come to the rescue of the assessee, where, errors are marginal and were not major or motivated with a view to evade tax: HCGST - Third-party motor vehicle premiums collected by insurance companies exemptedGST - Challenge to s.16(2)(c) - Fate of bonafide purchaser in the hands of supplier who has defaulted in payment of tax - No coercive steps: HCGST Council to set up GoM on issue of levying addl levy to meet disaster-related expenses by States + Amendment to Sec 17(5) to nullify SC’s ruling in Safari Retreat caseCus - Benefit of Notfn No. 94/96-Cus, even if not initially claimed, is allowed where goods are properly declared & re-exported & where no duty drawback or DEPB benefits is availed: CESTATGST - Concept note on registration of small assessees approved by Council; Law to be amended in future + No decision taken on GST rate for food delivery charges + No decision taken on FSI + Recognised skill training partners to be exemptedCus - As is trite law, refunds are governed by statutory prescriptions & failure to follow these procedures bars claims; refund is rightly denied where claimant repeated fails to file shipping bills or comply with other procedures: CESTATGoM on Rate Rationalisation: Recommendations not yet finalised, says FMCus - Imported goods, being bulk supplies to Government hospitals & not for retail sale, are not subject to MRP-based valuation for CVD under Central Excise Act 1944: CESTAT
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