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World Energy Congress 2024: IREDA CMD highlights need for Innovative Financing Solutions Voter turnout surpasses 50% by 4 PM in Phase 2 polls ST - Amendment made to FA, 1994 on 14.05.2015 making service tax applicable retrospectively on chit-fund business is only prospective - Refund payable of tax paid between 01.07.2012 to 13.05.2015: HC XI tells Blinken - China, US ought to be partners, not rivals ST - SVLDRS, 2019 - Amnesty Scheme, being of the nature of an exemption from the requirement to pay the actual tax due to the government, have to be considered strictly in favour of the revenue: HC CX - Issue involved is valuation of goods u/r 10A of CE Valuation Rules, 2000 - Appeal lies before Supreme Court: HC Cus - Smuggling - A person carrying any article on his belonging would be presumed to be aware of the contents of the articles being carried by him: HC Cus - Penalty that could be imposed for smuggling 3.2 kg of gold was Rs.88.40 lakhs, being the value of gold, but what is imposed is Rs.10 lakhs - Penalty not at all disproportionate: HC Cus - Keeping in mind the balance of convenience and irreparable injury which may be caused to Revenue, importer to continue indemnity bond of 115 crore and possession of confiscated diamonds to remain with department: HC Cus - OIA was passed in October 2022 remanding the matter to adjudicating authority but matter not yet disposed of - Six weeks' time granted to dispose proceedings: HC I-T - High Court need not intervene in matter involving factual issues; petitioner may utilise option of appeal: HC China asks Blinken to select between cooperation or confrontation I-T - Unexplained cash credit - additions u/s 68 unsustainable where based on conjecture & surmise alone: ITAT Honda to set up USD 11 bn EV plant in Canada Imran Khan banned from flaying State Institutions I-T - Income from sale of flats cannot be computed in assessee's hands, where legal possession of flats had not been handed over to buyers in that particular AY: ITAT Pro-Palestine demonstration spreads across US universities; 100 arrested I-T - Investment activities in venture capital which are not covered in negative list under Schedule III to SEBI Regulations, qualifies for deduction u/s 10(23FB): ITAT NATO asks China to stop backing Russia if keen to forge close ties with West NY top court quashes conviction of Harvey Weinstein in rape case


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Chandigarh, April 11, 2018 I-T - Conduct of resentment and displeasure by Revenue by way of separate application on already decided matter, warrants imposition of cost: ITAT

New Delhi, April 11, 2018 Relief for DPS; Nothing wrong if profit made by collecting franchisee fees is ploughed back into society for charitable purpose - entitled to exemption: HC

Hyderabad, April 11, 2018 VAT - Simple interim relief granted by SC in SLP, will not dilute precedent value of its Subordinate Forum: HC

Hyderabad, April 11, 2018 I-T - A person is required to deduct tax at source not only on amounts payable but also when sums are actually paid: ITAT

Mumbai, April 11, 2018 ST � Commission received in foreign exchange for purpose of sales promotion and marketing of goods produced by foreign firm, in India - service is export under Rules, 2005: CESTAT

Mumbai, April 10, 2018 GST -CIDCO has correctly collected GST on total one-time lease premium amount payable by successful allottee: High Court

New Delhi, April 10, 2018 I-T - wrong name mentioned in notice issued to assessee, due to clerical error, is a mistake which can be corrected by Revenue u/s 292B: SC

Ernakulam, April 10, 2018 Cus - When an option is exercised for redemption in lieu of confiscation, person in ownership and custody of imported goods opts not only to pay redemption fine but also to make good short levy of duty: HC

New Delhi, April 10, 2018 I-T - When limitation period u/s 201(3)(i) has already expired prior to coming into force of amended provision vide Finance Act, 2014, right is accrued in assessee's favour and any proceedings will become barred by limitation: ITAT

New Delhi, April 10, 2018 I-T - Concession allowed to channel partners/distributors on recharge vouchers merits withholding tax liability by cellular companies: ITAT

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

April 26, 2024

I-T - Assessee cannot be prevented from claiming that receipts from sale of software were wrongly offered as royalty, merely because such income was wrongly offered in ROI and which was not revised: ITAT

April 26, 2024

I-T- Proceedings commenced subsequent to exercise of revisionary power u/s 263, are unsustainable, where the revisionary order itself came to be quashed: ITAT

April 26, 2024

PMLA -Bail application can be dismissed as petitioner failed to satisfy conditions for grant of bail : HC

April 26, 2024

Trade Mark Act - Marks are visually phonetically and deceptively similar to Plaintiffs' trademarks : HC

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