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If 'Tariff Man' is serious, World needs to lace up for economic chaos all-around!Canada cracks down on TikTok; orders shutdown of businessI-T-Additions framed warrant being set aside, where Departmental authorities omitted to verify genuineness of creditors, despite evidence being available : ITATNo social media for children below 16 in AustraliaI-T- Assessment order passed in name of a non-existent company which ceases to exist on account of its amalgamation, is rendered void: ITATChina extends support for political transition in MyanmarI-T- As per settled position in law, loans cannot be deemed dividends if the recipient is not a shareholder; employee contributions must be paid on time as per the relevant statutes to qualify for deductions: ITATBeijing arrests AstraZeneca’s boss in ChinaI-T - Assessee is not barred from claiming deduction u/s 80G in respect of donations made to approved institutions even though same is made in discharge of CSR obligation u/s 135 of Companies Act: ITATGerman coalition govt collapses; Chancellor Olaf Scholz fires FM; calls for confidence voteI-T-Disallowance of certain expenses is unwarranted where AO does not doubt genuineness of such expenditures or claims: ITATBiden rushes military aid to Ukraine as Trump is comingI-T- As is trite law, I-T authorities should charge only legitimate taxes, which are liable to be paid; assessees must not be punished for bona fide errors: ITATHurricane Rafael smashes Cuba; Power Grid gives inEC makes seizures of mounds of cash; 3 times more than 2019, in Maharashtra & JharkhandAstronomers detect two Black Holes; Unusual behaviour upsets conventional theoriesST - Burden of proving fraudulent intent lies with the Department, especially when relevant facts are already known to them - penalty u/s 77 & 78 not imposable where assessee is compliant, regularly files returns & cooperates with audits, which suggests no intent to evade tax: CESTATRamaswamy says America deserves a ‘badass Commander-in-Chief’ right now & that’s what it gotIndia, ADB sign USD 200 mn loan to upgrade water supply & sanitation in UttarakhandRiyadh to host WIPO talkfest to conclude Design Law TreatyST - Mobilization advances are not chargeable to Service Tax if treated as advances - Tax paid on mobilization advances is ineligible for Cenvat credit, as these services are not eligible input services: CESTATJapan launches world’s first wooden satelliteDepartment of Revenue achieves 100% target during Special Campaign 4.0CX - Refund under Excise law governed by Section 11B of CEA 1944; right to claim refund is extinguished if not claimed within prescribed time period: CESTATC-DOT, IIT Roorkee sign pact for development of Transceiver for 5G Rural ConnectivityCX - Late invoice receipt issues are subject matter between assessee & the service provider, independent of tax authority involvement; cannot justify claiming refund beyond prescribed time period: CESTATIndia-US Military Cooperation Group meets in New DelhiCus - As is trite law, refund of Special Additional Duty paid by assessee should not be denied on grounds of technicalities, or delays: CESTAT
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