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IndiGo orders 30 Airbus A350s for long hauls 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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Ahmedabad, August 02, 2017 I-T - If Revenue had failed to question assessee while recording statement about undisclosed income, they cannot jump to requirement of substantiating manner of deriving such income: HC

Mumbai, August 02, 2017 ST - Toll tax paid by transporter and reimbursed by respondent is not liable to service tax as part of gross value of GTA service: CESTAT

Mumbai, August 02, 2017 CX - Services of erection, commission and installation for constructing temporary shed to store finished goods in factory is an Input service: CESTAT

Mumbai, August 01, 2017 CX - Paver blocks used for repair of factory road do not qualify as inputs - CENVAT credit rightly denied: CESTAT

New Delhi, August 01, 2017 ST - Appellant never advised clients to approach persons appointed in foreign countries for booking accommodation - no tax liability under reverse charge: CESTAT

Allahabad, August 01, 2017 I-T - Interest earned by exporter on FDRs pledged with bank for availing credit facility, is liable for deduction in terms of explanation (baa) u/s 80HHC(4C), while computing his income from export business: HC

Mumbai, August 01, 2017 ST - Rent-a-cab service is an Input service as motor vehicle is capital goods for service provider: CESTAT

Mumbai, August 01, 2017 CX - Once excise duty has been paid on final product, CENVAT credit on input stage cannot be denied: CESTAT

New Delhi, July 31, 2017 I-T - When waiver of loan is credited to capital reserve and interest thereon is written off in P&L A/c, such waiver cannot be added u/s 41 if loan was taken for purchasing fixed assets: HC

Mumbai, July 31, 2017 ST - Marketing goods of foreign seller and receiving commission in convertible foreign exchange would qualify as export of service: CESTAT

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