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Filing of Form 10A & 10AB: CBDT extends due date to June 30 RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimes CPGRAMS recognized as best practice in Commonwealth Secretaries of public service Israel-Iran War: A close shave for Global Economy but for how long?KABIL, CSIR ink MoU for Advancing Geophysical Investigations I-T - If income from stock-in-trade are held as investments, then provisions of section 14A would apply to such income: ITAT TRAI recommends on Infra Sharing, Spectrum Sharing & Spectrum Leasing I-T- Revisionary powers u/s 263 can't be exercised when AO has neither assumed facts incorrectly nor there is incorrect application of law : ITAT Technology Board okays funding of Dhruva Space's Solar Array Project I-T- Issue of interest is debatable issue on which two views are possible and AO accepted one of views for which PCIT cannot assume revisional jurisdiction: ITAT Health Secy visits Bilthoven Biologicals, discusses production of Polio Vaccine I-T - Estimation of profit element from purchases should be done reasonably if assessee could not conclusively prove that purchases made are from parties as claimed, in absence of confirmations from them: ITAT Study finds Coca-Cola accounts for 11% of branded plastic pollution worldwide I-T- Triplex flats purchased are interconnected and can be considered as 'a residential unit'' as per definition of section 54F of Act : ITAT Delhi HC says conspiracy against PM is a crime against State I-T- AO omitted to probe issue of cash payments made over specified limit; revisionary power u/s 263 is rightly exercised: ITAT Brazil makes new rules to streamline consumption taxes I-T-Power of revision unnecessarily exercised where AO had no scope to examine creditworthiness & genuineness of assessee's creditors: ITAT Biden signs rules mandating airlines to give automatic refunds for delayed or cancelled flights I-T-As per settled law, in absence of enabling powers, no disallowance can be made : ITAT BYD trying to redefine luxury for new EV variants GST - On the one hand, the order states registration is liable to be cancelled retrospectively and on the other hand mentions that there are no dues - Order modified: HC SC asks EC to submit more info on reliability of EVMs Right to Sleep - A Legal lullaby


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Chennai, November 29, 2017 CX � Rule 57G(3) - Certified photostat of triplicate copy of Bill of Entry is admissible document for taking credit: HC

New Delhi, November 29, 2017 Cus � Oversight of fact/not considering arguments is not an error and no relief can be granted in rectification: CESTAT

Mumbai, November 28, 2017 I-T - TDS Credit in hands of demerged company cannot be withdrawn, if no credit of TDS was claimed in return of resulting company on demerger: ITAT

Chennai, November 28, 2017 CX � Contention that CESTAT had passed two sets of orders on identical facts would not give rise to a cause to file a writ petition: HC

Chennai, November 28, 2017 Cus - No distinction can be made between seizure during course of examination of cargo or seizure of goods after they left customs barrier - s.123 of CA applies, hence application for settlement rightly rejected: HC

New Delhi, November 27, 2017 I-T - When ITO has not raised any query during original assessment, which can substantiate that he has formed any opinion on impugned issue, then reopening in such case is not case of 'change of opinion': ITAT

Mumbai, November 27, 2017 CX - No evidence adduced to show that Appellant had used any other raw material other than imported goods nor any evidence of diversion of imported raw material has been brought on record - MODVAT cannot be denied: CESTAT

Mumbai, November 27, 2017 Cus - Maharashtra Police could not have invested huge public money for purchase of boat for pleasure without being used for patrolling purpose-Revenue's classification of Patrolling boats under CTH 8903 fails: CESTAT

New Delhi, November 25, 2017 I-T - CBDT Circular prescribing monetary limits for Revenue to file appeals to higher courts will have retro application to even pending cases: SC

Ernakulam, November 25, 2017 I-T - Substantial improvement brought in existing business, by incurring renovation expenditure of more than 50% of existing book value of machinery, is enough for claiming benefit u/s 80IA: Kerela HC

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