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Wilting China to face formidable trade pushbacks in 2025!Hindenburg Research promoter decides to shut downI-T- Section 275(1)(a) does not impose absolute bar on initiating penalty proceedings during pendency of appeal; it only limits period within which such proceedings can be completed: HCSC orders construction of separate toilets for transgender in premises of all courts & tribunalsI-T- Where assessee has alternative statutory remedy available under I-T Act, it is not appropriate to address merits of the case or interfere with re-assessment process: HCUS eases restrictions on three Indian nuclear entitiesI-T- Writ petition assailing Search assessment proceedings is invalid, where filed by assessee at the very end of limitation period: HCIsrael, Hamas hammer out ceasefire deal for 42 daysI-T - Expenditure which was not for acquiring any tangible or intangible asset but for conducting business of banking better and more efficiently, is revenue expenditure for banks: ITATWorld Economic Forum survey - Armed conflict top risk in 2025I-T - Once resolution Plan has been approved by Adjudicating Authority, then all proceedings pending in respect of Corporate Debtor are barred thereafter and cannot be allowed to continue: ITATBiden says oligarchy evolving in AmericaI-T- Merely because, for another year purchases made by assessee from the said concern AVPL have been treated by the AO as bogus, that in itself cannot be made the sole basis to treat the purchases made by the assessee from the said concern for the year under consideration as bogus: ITATHundreds feared trapped in illegal mines in South Africa; 78 bodies retrievedI-T - AO cannot discard report of registered valuer regarding determination of fair market value of land, without making reference to DVO: ITATTrump likely to undo ban imposed by Biden on TikTokI-T - Addition of unexplained expenditure is required in hands of assessee, if he has utilised funds from foreign credit cards for his personal use and owners of credit cards never claimed that said expense belong to them: ITATIndia’s merchandise exports down by 1% in Dec monthInter-state movement of goods from head office to other branch is not an incidence of Annual Maintenance Contract; Such movement amounts to branch transfer transactions not attracting central sales tax: CESTATFDA bans red dye used in candy & bubblegumGovt issues 'Regulatory framework for Ground-based BroadcastersMere existences of pre-existing purchase orders, prior to movement of goods, does not automatically imply that entire movement constitutes inter-state sale, particularly when goods are stock transferred in regular course of business: CESTATRailways operates 137 special trains on day 3 of ongoing MahakumbhCX - Rejection of CAS-4 certificates submitted by assessee during adjudication on grounds of them being photocopies, is arbitrary & contrary to principles of natural justice: CESTATIndia first responder for Global South in times of need: GoyalCus - Since the deposit is not a tax, question of department retaining the amount even after assessment is finalised does not arise : CESTATAlliance Air introduces 3 new routes connecting ManipurCus - Commissioner of Customs not vested with authority to modify EPCG licence issued by DGFT or read additional conditions into it, such as imposing a restriction on year of manufacture: CESTATMoS highlights unique initiative of Pravasi Bhartiya DivasCX - As settled by CBIC, cross-utilization of credit from common pool without requiring one-to-one correlation between credit on inputs & output service tax, is permissible: CESTAT
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