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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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Ernakulam, February 06, 2019 I-T - No recovery proceedings can be effected by virtue of Sec 263 order alone, if appeal against such revisional order is pending consideration before Tribunal: HC

Mumbai, February 06, 2019 ST - Rejection of appeal on ground that pre-deposit was not made before filing appeal cannot be concurred with: CESTAT

Mumbai, February 05, 2019 I-T - Enhanced income resulting due to change in method of accounting, rather than concealment, does not merit penal consequences upon taxpayer: HC

Mumbai, February 05, 2019 ST - Attachment of bank accounts lifted provided monies are utilised entirely for petitioner's catering business and not diverted to any personal account: High Court

Jaipur, February 05, 2019 I-T - Merely by showing receipt of cheque or statement of bank account of share subscriber, creditworthiness and genuineness of transaction is not proved if circumstances require some more evidence to show that share subscription is genuine investment: HC

Mumbai, February 05, 2019 ST - Giving a finding on merits is indicative of fact that Commr(A) had 'subconsciously' accepted compliance of pre-deposit: CESTAT

Chennai, February 04, 2019 GST - State Tax officer has chosen to be harsh and vindictive - detention order suffers from vice of gross unreasonableness and disproportionality: HC

Mumbai, February 04, 2019 ST - Tribunal suo motu rectifies its order - delay of 79 days in filing appeal before Commr(A) condoned and matter remanded: CESTAT

Chandigarh, February 04, 2019 I-T - Although tariff charged is to be quantified and discharged to adjust it at future date, but still as liability has arisen, tariff amount cannot be added back to assessee's income while computing MAT u/s 115JB: HC

Mumbai, February 02, 2019 Cus - Since item description does not cover wood blocks, no hesitation in concluding that goods are not prohibited goods that can be subjected to confiscation: CESTAT

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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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