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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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New Delhi, September 12, 2017 ST - From Master Supply Agreement, it is plain that recipient of service is Verizon US - service is an export and not amenable to tax: HC

New Delhi, September 12, 2017 I-T - Expenses incurred on Director's relocation to a foreign destination and on his annual holiday with family are business expenses and not perquisite: ITAT

Mumbai, September 12, 2017 I-T - Cancellation of hedging contracts by trader to mitigate forex loss, will not result in Speculation, but Business loss: ITAT

New Delhi, September 12, 2017 ST - As per agreement, price was cum tax - Since no service tax is payable, therefore, question of recovery does not arise -unjust enrichment inapplicable: CESTAT

New Delhi, September 12, 2017 CX - 'Unit' and 'factory' cannot be accorded same meaning for purpose of Notification No. 50/03-CE: CESTAT

New Delhi, September 11, 2017 I-T - Sec 11 benefits not to be denied merely because assessee has both religious-cum-charitable objectives for society at large and not for a particular community: HC

New Delhi, September 11, 2017 I-T - When ITO, Investigation, is not authorised u/s 131(1A), reports issued by him on basis of Tax Evasion Petitions of previous years, cannot form reasons for reopening: Delhi HC

New Delhi, September 11, 2017 Setback for IRS officer; HC rules no financial support merely because his foreign education leave was sanctioned and he meets eligibility criteria

New Delhi, September 11, 2017 ST - Appellant getting eminent speakers for their annual summit through agency abroad - foreign agents are event managers - ST payable under reverse charge: CESTAT

New Delhi, September 11, 2017 Cus�Notfn. 158/95-Cus - Nowhere it is mentioned that appellant is required to seek extension of time within six months from date of re-importation: CESTAT

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