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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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Mumbai, July 19, 2017 ST - If notification No. 1/2006-ST is denied, appellants would be clearly entitled to CENVAT credit irrespective of fact that they have not claimed it earlier: CESTAT

Mumbai, July 19, 2017 CX � Restoration of credit is mere accountal that was not required to be processed in accordance with S.11B of CEA, 1944: CESTAT

New Delhi, July 18, 2017 I-T - Whether when AO has served notice of demand u/s 156 and assessee has failed to pay tax within 30 days as per Ss 220(4) & 221(1), no fault can be found with notice issued u/s 226(3)(i) to attach its bank account - YES: HC

Mumbai, July 18, 2017 I-T - No additions can be made u/s 68, merely because creditors were not traceable at given addresses or they did not appear before AO in person: HC

Mumbai, July 18, 2017 Cus - Law is well settled that vigilant only deserves consideration of condonation of delay without an indolent being considered: CESTAT

Mumbai, July 18, 2017 ST � Consideration received from recipient of service for the services rendered by provider alone is taxable: CESTAT

New Delhi, July 17, 2017 I-T - When partnership firm stood dissolved in view of death of one partner but business was continued with other partners, there is no necessity for valuing closing stock at market price

Mumbai, July 17, 2017 CX � As there is no proceeding u/s 11A(1) against appellant, benefit of proviso to 11A(2) is not available to co-noticee � Penalty u/r 26 upheld: CESTAT

Ahmedabad, July 17, 2017 Whether when Sec 200A(1) allows filing of TDS correction, is it fair for Revenue to limit PAN correction upto two alphabets & two numeric characters in case of mechanical error or oversight - NO: HC

Mumbai, July 17, 2017 I-T - Extinguishment of customer's right over refund due to expiry of limitation, would render cessation of debtor's liability & hence can be assessed as income: HC

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