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Right to Sleep - A Legal lullaby US warns Pak of punitive sanctions against trade deal with Iran I-T- Income surrendered before approaching Settlement Commission not covered u/s 115BBE, where this provision did not exist during relevant AYs: HC Chinese companies decry anti-subsidy probe by EU I-T- Entire interest expenditure is allowable as deduction if loan funds is not diverted for non-income earning activities/personal purposes : ITAT UK’s key water supplier, Thames Water, slips into financial quagmire I-T- Sale consideration cannot be considered as unexplained cash credit if sale takes place in online platform and sale consideration is received through stock broker in banking channels : ITAT UK to send military aid package worth USD 619 mn to Ukraine I-T- Section 69C includes expenditures reflected in account books, as well as those discovered during Search & Seizure for which no valid explanation is forthcoming from assessee: ITAT US regulator bans non-compete agreements by employees I-T- Penalty imposed u/s 273B upheld where assessee unable to provide just cause for failure to file audit report within prescribed due date as per Section 44AB: ITAT Palestinian PM unveils new reform package I-T- Assessee cannot contest validity of penalty notice on grounds of irrelevant provision not being struck off, by highlighting such defect for the first time before ITAT itself: ITAT Air India, Nippon Airways join hands for travel between India and Japan Govt receives 7 bids for giga-scale Advanced Chemistry Cell under PLI 10 killed as two Malaysian Military copters crash I-T- Lower authorities erred in disallowing long term capital loss : ITAT SC grills Baba Ramdev & Balkrishna in misleading ad case 1351 candidates to contest in phase 3 of LS Elections I-T- Revisionary order u/s 263 invalidated where passed in ignorance of repeated factual submissions to prove that original assessment order is not erroneous or prejudicial to revenue's interests: ITAT Indian Coast Guard, Oman Coast Guard to jointly combat transnational illegal activities at sea ST - Department cannot retain any amount which is otherwise not payable by the Assessee; nothing acts as embargo on assessee's right to demand refund of tax paid under misaken notion: CESTAT AFMS, ICMR join hands to undertake biomedical research for Armed Forces Cus - If noticee seeks Cross Examination of such persons, same should be granted, appellant will produce all documentary evidence before Adjudicating Authority in support of their claim that seized gold is part of their normally procured gold in course of their commercial transactions: CESTAT


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Mumbai, March 05, 2019 I-T - Sec 263 mandates that before revising an assessment, CIT is obligated to conduct own inquiry and not just rely on report of investigation wing: ITAT

Hyderabad, March 04, 2019 ST- Activity of threshing and drying of raw tobacco leaves would not come under category of BAS and is not a taxable activity: CESTAT

New Delhi, March 04, 2019 I-T - Professional fees incurred for expansion of existing business and not for starting a new line of business is revenue in nature: ITAT

Ernakulam, March 04, 2019 ST - Deletion of interest granted cannot be deemed to be a mistake apparent from record: HC

New Delhi, March 04, 2019 CX - SCN issued by way of change of opinion -no condition precedent available for invocation of extended period: CESTAT

New Delhi, March 02, 2019 I-T - Motilal Pesticides case overruled; Sec 80HH benefits allowable on basis of gross profits & gains: SC Larger Bench

New Delhi, March 01, 2019 I-T - If assessee chooses favourable time to seek rectification after long wait when Tribunal Members were not available to entertain its application, such conduct amounts to forum-shopping: HC

New Delhi, March 01, 2019 NDPS - If petitioner has no statutory right to file appeal, issuing directions to provide same under Art.226 would not arise: HC

New Delhi, March 01, 2019 CX - Rule 12B of CER - Not. 35/2003-CX - Appellants' liability is in respect of entire aggregate value of clearances: SC

New Delhi, March 01, 2019 Cus - Export Obligation Discharge Certificate-Filing of Bill of Exports is not a mere formality: HC

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April 24, 2024

TP - Arm's length computation of corporate guarantees issued by assessee in favour of its AEs abroad taken at 1% which has been approved for earlier A.Ys, cannot be disturbed in absence of contrary: ITAT

April 24, 2024

I-T- DTAA does not get triggered at all when a domestic company pays DDT u/s 115-O of the Act : ITAT

April 23, 2024

PMLA - Applicant is not entitled for grant of anticipatory bail u/s 45 of PMLA as Court does not find any reasonable ground to believe that applicant is not guilty of crime : HC

April 23, 2024

SARFAESI Act - Petition has been filed to overreach recovery proceedings, wherein Petitioners have been found to be liable to pay certain amount so as to circumvent provisions of statutory appeal : HC

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