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CBDT issues FAQs on Revised Guidelines for compounding of offencesCurfew imposed in Nagpur after violence erupts over Aurangzeb rowIsrael triggers avalanche of air strikes at Gaza as Ceasefire fails; 66 killedTaiwan detects 9 Chinese warships & 59 aircraft encircling island countryST - Service tax demand confirmed against appellant citing forged agreements, misdeclaration of taxable services and deliberate tax evasion: CESTAT9th India-Australia Defence Policy talks held in New DelhiST - Rectification of O-i-O is invalidated where AO seeks to revisit & change findings, which goes beyond scope of Sec 74 of Finance Act 1994, which only permits correction of mistakes apparent & clerical errors: CESTATCX - Genuine refund claims should not be denied due to procedural technicalities when clear evidence of double duty payment is provided: CESTATGovt e-Marketplace surpasses Rs 5 Lakh Crore GMVCX - The amount deposited during an investigation is not a pre-deposit under Section 35FF but a revenue deposit making it eligible for interest at 12% per annum: CESTATCus - Aircraft engine stands should be classified under CTH 8609 00 00 as 'containers for transport' rather than under CTH 8716 39 00 as 'trailers,' thereby setting aside the demand for differential customs duty: CESTATPM Modi joins Trump-owned social media platform Truth SocialCus - Royalty & technical fees need not be included in transaction value of imported goods, as they are not a condition of sale for imported items: CESTATCus - Dabur India Ltd's refund claim is upheld for excess CVD paid on imports holding that company had borne the duty burden itself and did not pass it on to consumers, thereby overcoming the bar of unjust enrichment: CESTATNo directive to mining companies to review EIA for carbon emissions: MinisterI-T - Allowance in respect of bad debts u/s 36(1)(vii) is allowable only if debt was taken into account for computing income of assessee in previous year in which amount is written off: HCI-T- Delay in filing ITR ought to be condoned where factors such as issues in I-T portal & operational challenges due to COVID pandemic, were not considered: HCDoval chairs meet of intelligence heads, including three from Five Eyes AllianceI-T - If assessee has not proved genuineness of purchases, which inter alia include source of making payment for such purchases, such case calls for addition u/s 69C: HCI-T - AO can initiate reassessment proceedings for year which has already been assessed u/s.143(3), if material information was not disclosed correctly & truly by assessee: ITATMoS inaugurates QUAD Workshop on pandemic preparedness for Indo-Pacific RegionI-T - No TDS is applicable u/s 194C on fuel charges paid by assessee if same was reimbursed on cost-to-cost basis: ITATI-T - AO can't disallow commission expenses incurred by insurance company, without examining PAN details along with related documents placed on record by way of additional evidence under Rule 29: ITATIndia, New Zealand announce launch of FTA negotiationsGST - It is mandatory on part of seller to download e-way bill once goods are put in transit; Subsequent downloading of e-way bill would not absolve liability: HCPM Modi, New Zealand PM hold dialogue to re-initiate FTA talksDr. Jitendra Singh's push for gender-inclusive governance gains momentumVAT - Deemed dealer provision under MVAT Act becomes operational when categories thereunder sell any goods, whether by auction or otherwise: HCRM, Tulsi Gabbard hold talks on intelligence-sharing; flags Khalistani terror issueI-T - Findings of fact, mainly when concurrently recorded by AO, CIT(A) and ITAT, are mostly immune from interference unless case of perversity is made out: HCFirst things First - The DIN!
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