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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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New Delhi, May 01, 2019 Sales Tax - AO is not obliged to conduct enquiry in any particular manner for rejecting validity of Form F declarations: Sales Tax Appellate Tribunal

Hyderabad, May 01, 2019 Cus - Gold bangles brought into country without declaring them cannot be called bona fide personal baggage but only smuggled goods - rightly ordered for confiscation: CESTAT

Mumbai, May 01, 2019 I-T - CIT is not permitted to exercise revisional powers u/s 263 in matters of debatable nature: HC

Mumbai, April 30, 2019 I-T - Section 115JB(2) as it stood prior to its amendment by virtue of Finance Act 2012, would not be applicable to banking company: HC

Jaipur, April 30, 2019 I-T - Share of profit from JV is to be excluded for purpose of computation of book profit U/s 115JB: ITAT

New Delhi, April 29, 2019 Cus - Trial Court cannot invoke provisions of Sec 451 of CrPC to release confiscated vehicles even if provisions of Customs Act do not specifically bar jurisdiction of courts to release seized goods pending investigation by Customs: HC

New Delhi, April 29, 2019 I-T - Sec 54 benefits cannot be denied if assessee fails to get possession and also fails to execute sale deed within period of three years due to reasons beyond control: ITAT

Mumbai, April 26, 2019 I-T - Charges paid by Airlines to agencies for offering lounge facility to its premier customers are not 'rent' and hence do not attract TDS provisions: HC

Mumbai, April 26, 2019 I-T - Attachment order passed u/s 281B, two days before assessment order and that too without mentioning any reason for such apprehension is not sustainable: HC

Jaipur, April 26, 2019 I-T - AO can assume jurisdiction to levy late fee u/s 234E but only upon processing of return and issuance of intimation u/s 200A: ITAT

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