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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 I-T - Re-assessment is invalid where based only on a suspicion that income escaped assessment & where not based on concrete reasons to believe for commencing such proceedings : ITAT 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 Cus - When Department has not complied with time limit, the order issued for revocation of licence or order issued for continuation of suspension licence cannot sustain: CESTAT NY top court quashes conviction of Harvey Weinstein in rape case Weather prediction normal for phase 2 poll day IndiGo orders 30 Airbus A350s for long hauls ST - Appellant is an 'authorised medical practitioner' providing 'healthcare services' - services exempted in terms of clause 2(i) of notification 25/2012-ST: Commr(A)RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimes REC avails SACE-Covered Green Loan for 60.5 Billion Japanese Yen Study finds Coca-Cola accounts for 11% of branded plastic pollution worldwide Cus - 'Small Form-factor Pluggable Optical Transceivers' are classifiable under CTH 8517 7090 and not under CTH 8517 62 90 - entitled for benefit of duty concession under 57/2017-Cus: CESTAT DoNER discusses Development of Tourism in North East CX - Appellant is eligible for exemption under Notfn 12/2012-CE upon fulfilling all conditions stipulated therein, thus sufficiently establishing that goods dealt with by Appellants qualify for exemption: CESTAT


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Chennai, December 07, 2017 CX - Dismissal of appeal on sole ground that adjudication of lis involving minor demand would not be productive is failure to exercise jurisdiction: HC

Mumbai, December 07, 2017 Cus - SCN pending adjudication - 14 years since importer paid duty under protest and they are running from pillar to post for refund - contempt proceedings against Commr: CESTAT

Indore, December 06, 2017 MPVAT - 'Brake fluid' cannot be classified as �Lubricant� - chargeable under residuary entry of Commercial Tax Act: HC

Allahabad, December 06, 2017 CX - Only when inputs are used in manufacture of final products and some of those inputs become waste during course of manufacture of final product, credit already taken in respect of such inputs wasted is not to be denied: HC

Jaipur, December 06, 2017 I-T - Relinquishment of right to sue is 'capital asset' and hence, not taxable: HC

Mumbai, December 06, 2017 ST - When CBEC itself was not sure about tax liability on said services, extended period of limitation cannot be invoked: CESTAT

Mumbai, December 06, 2017 CX � Sec 11A(7) is only to be understood in context of further litigations raised by way of issuance of SCN - it is open for assessee to litigate matter but it is not open for department to issue SCN: CESTAT

New Delhi, December 05, 2017 I-T - If assessee was initially entitled to Sec 80IB benefits as elegible undertaking for 10 years, it would not continue to be eligible for such benefits if it no longer satisfies eligibility conditions by virtue of expansion: SC Larger Bench

New Delhi, December 05, 2017 PIL - Irony of fate - so-called PIL has caused more injury to cause of public than subserving it - Exemplary cost of Rs.25 lacs imposed: SC

Mumbai, December 05, 2017 I-T - Benefit of section 10(4)(ii) would not be restricted to residential status 'Non-Resident' but would extend to all other residential statuses as well: ITAT

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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

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April 25, 2024

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SARFAESI Act - Writ petition can be disposed of as infructuous as one time settlement has been entered into between parties : HC

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