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Goyal discusses rising freight cost, shipping delays & congestion at the ports Customs - First Schedule - Chapter 98 - Clarificatory explanation on 'laboratory chemical' inserted Kentucky Sheriff accused of shooting dead District Judge inside courthouse M/s Konoike Transport approved as Strategic Buyer for disinvestment of FSNL Cus - Gold seized from appellant & auctioned without considering cogent evidence furnished; seizure invalidated, auction proceeds be refunded with interest: CESTAT India grants USD 50 mn budgetary support for one more year to Maldives FATF smacks on India's back for measures to tackle illicit finance CX - Rule 4 of Central Excise Valuation Rules 2000 are rightly invoked where assessee suppresses material facts about clearance of finished goods to related entity: CESTAT TMC disowns Minister’s statement that women were drinking during protest BRICS Summit: India showcases Legal Reforms and Initiatives ST - For the amenities provided by service recipient, the cost thereof cannot be included in assessable value of service in hands of appellant being service provider, therefore, demand is not sustainable: CESTAT China, India are not rivals rather cooperators, says Chinese envoy RM exhorts Navy to be prepared for every situation in today's volatile global scenario I-T - Revenue is not permitted to express different opinion based on very same facts disclosed during original assessment proceedings: HC India trashes report on Indian ammunition reaching Ukraine I-T - No distinction to be made between direct and indirect expenses that are eligible for deduction under Section 35 D of the Income Tax Act: HC Biden hopeful of further cut in rates by Fed I-T - Non-investment of sale consideration or portion thereof in designated capital gains would not come in way of assessee claiming exemption so long as assessee had invested said amount for construction: HC Lanka to go to polls for New President tomorrow I-T - Assessee sought repeated adjournments without valid reason; costs of Rs 2000/- per appeal imposed on assessee; nevertheless, case remanded for de novo hearing, given tight scheduling of notices & interests of justice: ITAT Israel incinerates 1000 rocket launcher barrels of Hezbollah I-T - Interest received by credit cooperative society from investment held, cannot be treated as it's operational income, as interest received is not from credit facilities provided to its members as envisaged u/s 80P(2)(a)(i): ITAT SEBI hammer falls on Axis Capital; Ban imposed from acting as investment banker in debt market I-T - Where DVO has power to estimate value independently & fails to do so, then PCIT's action to seek fresh report & revise the assessment, is outside scope of Section 263: ITAT CJI asks lawyers to use SC Platform for recorded orders NPS Vatsalya - FM launches pension scheme for minors IP Saarthi - Govt launches AI/ML-based search engine for Trademarks NACIN hosts 3-day roundtable on IPR; Govt envisages greater role of Customs in IPR protection US Presidential Poll: Tall promises by Hopefuls elbow economy closer to tax-doom-loop!Fed lives up to global expectations; cuts interest rate by 0.5% - first cut in last 4 years Mandaviya chairs meeting to provide Social Security to Gig and Platform Workers CAQM announces revised GRAP schedule for Delhi-NCR


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New Delhi, April 22, 2018 When on date of DPC there was no criminal case pending against officer, promotion cannot be denied merely on ground that CBI had recommended penalty in DA case: HC

Chennai, April 21, 2018 Cus - Post 08.04.2011, in view of amendments by FA, 2011 to sections 2,17 and 27 of Customs Act, 1962, there is no necessity to challenge an assessment order while seeking refund: CESTAT

Mumbai, April 20, 2018 CX - Too late for Revenue to complain that there is non-compliance by Settlement Commission with mandatory provisions of law: High Court

Chennai, April 20, 2018 I-T- TRO cannot suo moto assume powers under Indian Contract Act, 1872 to declare a transaction of sale to be void without approaching civil court: HC

Mumbai, April 20, 2018 I-T - Expenses incurred for purely business purposes not being incurred on employees, would not attract Fringe Benefit Tax: HC

Mumbai, April 20, 2018 CX - General practice amongst masses to not consider trading as an 'exempted service' till amendment was made in CCR - assessee had no malafide intention to avail undue benefit: CESTAT

Vizag, April 20, 2018 I-T - Mere projection of profit statement found in loose sheets from taxpayer's premises, is no basis for levying penalty in his hands: ITAT

Bangalore, April 20, 2018 CX - Assessee taking credit on rejected goods, recycling same and paying duty on clearance � alleging that credit has been availed irregularly is unsubstantiated � no question of double duty : CESTAT

Chennai, April 20, 2018 I-T - Payments made to founder or relative of trust, if credited to trust's account immediately without taking any undue benefit from it, will not upset exemption benefit u/s 11: ITAT

Mumbai, April 20, 2018 CX � Mere reiteration of order of penalty imposed by original authority, who had jurisdiction, by first appellate authority, who lacked jurisdiction, does not cause grievance to appellant at that stage: CESTAT

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TIOL Tube

TIOL Tube brings you an interview with former US Secretary of Treasury, Mr. Larry Summers who was recently in Delhi.

September 20, 2024 | New Delhi

Goyal discusses rising freight cost, shipping delays & congestion at the ports

September 20, 2024 | New Delhi

M/s Konoike Transport approved as Strategic Buyer for disinvestment of FSNL

September 20, 2024 | New Delhi

FATF smacks on India's back for measures to tackle illicit finance

September 20, 2024 | New Delhi

BRICS Summit: India showcases Legal Reforms and Initiatives

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September 17, 2024

Undervaluation of Imported Aluminium Scrap

September 09, 2024

Undervaluation of Imported Aluminium Scrap

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September 2024 Edition

Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

September 19, 2024

DTAA - penalty cannot be imposed where assessee is under bona fide belief that TDS is already paid and that no further payment is required: ITAT

September 18, 2024

TP - Assessee entitled to voluntary transfer pricing adjustment as per Section 92C: ITAT

September 19, 2024

Trademarks Act - Suit for Permanent injunction can be filed for defamation, damage to reputation and tarnishment of brand equity, brand dilution, infringement of registered trademark made on social media platform: HC

September 19, 2024

IBC - obstruction of implementation of resolution plan and forfeiture of share application money passing it as performance guarantee money was not unwarranted and unreasonable: NCLAT

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