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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, February 19, 2019 CX - Exemplary costs imposed on Assistant Commissioner by High Court - order stayed: SC

Mumbai, February 19, 2019 ST - Mobile Telephone services rendered to employees-no service and no taxability: CESTAT

Jaipur, February 19, 2019 I-T - When assessee has no business income, its allowable business expenditure can be set off against 'income from other sources': ITAT

Mumbai, February 18, 2019 I-T - Loose papers found during search of other person's premises, have no evidentiary value, and will not form sufficient reason for reopening a settled assessment: HC

Mumbai, February 18, 2019 CX - Dumping of waste cannot be equated to clearance of excisable goods - no duty liability arises: CESTAT

Indore, February 18, 2019 I-T - Benefit of Sec 54F can be allowed if sale consideration is utilized within one year from date of sale of original asset: ITAT

Mumbai, February 16, 2019 CST - Whether when title of goods imported is transferred only after goods cross customs frontiers, it is case of local sale and not high sea sale: HC

Allahabad, February 15, 2019 CX - Bilties/GRs recovered from transporter and lying with Revenue were being used for issuing SCN without conducting any investigation-clandestine removal not proved: HC

New Delhi, February 15, 2019 I-T - On failure to give any bona fide explanation in respect of bogus claim made for exemption in absence of registration u/s 12AA(1), penalty u/s 271(1)(c) is warranted: ITAT

Kolkata, February 14, 2019 I-T - Entire undisclosed turnover cannot be treated as income and it should be computed after making reasonable deduction of expenses incurred for earning such income - 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

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

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April 26, 2024

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

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