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Diversion of goods imported under Advance Licence to Open Market: Mens rea upheld Seasonal rainfall likely to be 106 % of Long Period Average: IMD Workshop held for Eco-friendly Measures for Holistic National Highway Development I-T- Mere existence of power to assess or reassess six AYs' immediately preceding AY corresponding to year of search or 'relevant assessment year' would not justify invocation of Section 153C - HC What was Biden’s income in 2023? - ITR shows USD 6.2 lakh I-T - Act & Rules thereto provide a method for service of notices & orders; communication of notices before any action is taken, is mandatory: HC Mumbai Police nabs two shooters involved at random firing at Salman’s house I-T- Assessee cannot be expected to be logged in to I-T portal at all times, so as to be notified of actions taken by Department: HC IRS fears spurt in crypto tax evasion cases I-T - Expenses written off is only allowable if assessee offers said amount as income in previous years: HC Breast cancer to kill over 10 lakh women by 2040: Lancet Report I-T- Deduction u/s 35(1)(ii) in respect of donation made to scientific research institute, is rightly denied, where no evidence is furnished to show valid approval was taken from prescribed authority for taking donation: ITAT China’s bubble tea stirs global buzz I-T- Penalty imposed u/s 271(1)(c) merits being quashed where exact charge between concealment of facts and furnishing inaccurate particulars of income, are not specified : ITAT Samsung gets USD 6.4 bn in subsidy for Texas chip production I-T- Penalty is unwarranted where the complete factual data pertaining to Assessee's claim was also available before AO during the course of assessment : ITAT India to resume FTA talks with EU next month I-T- Assessee has not involved in manipulation of stock prices for purpose of earning bogus LTCG : ITAT PM says he has big plans for country GST - Merely, because a taxpayer has not filed returns for some period does not mean that registration is required to be cancelled with retrospective date also covering the period when returns were filed: HC TCS to hire 25K freshers in 2025 GST - Retrospective cancellation of registration - Complete non-application of mind - Order refers to a reply filed whereas fact is that the proprietor had passed away and no reply had been filed: HC Election Commission seizes over Rs 4600 Cr cash - highest for LS polls GST - Proper officer has not applied his mind but dismissed the reply submitted as not satisfactory - Order set aside and matter remitted: HC IMD says it is likely to be above-normal Monsoon for India Cus - Acceptance of re-assessed value & voluntary payment, per se cannot be deemed to be admission to alleged mis-declaration of value - Burden rests with Department to establish allegations: CESTAT Protesters demanding restoration of monarchy and Hindu State lathicharged in Kathmandu CX - Bituminized Hessain Tape, Rot-proofed Bituminized Hessian Cloth mixed with Copper Napthalate, Bituminized Cotton Tape, being used for industrial purposes, is rightly classified under CTH 5909; benefit under Notfn No 175/86 is also allowed to manufacturer: CESTAT


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Mumbai, May 26, 2017 I-T - Exemption u/s 54 cannot be denied on ground that residential property was purchased outside India when requirement of making investment in property only in India was subsequently added - ITAT

Mumbai, May 26, 2017 Cus � CHA license - Licensing authority is not envisaged as an appellant under CHALR, 1984 - Option to appeal is specifically permitted in Regulations only to an aggrieved licensee: CESTAT

New Delhi, May 26, 2017 ST - Amalgamation proceedings cannot make credit availed of ST paid on royalty charges as improper: CESTAT

Ernakulam, May 25, 2017 I-T - Contribution made by bank towards Retired Employees Benefit Scheme cannot be allowed, if such payment is not permitted u/s 36 of I-T Act: HC

Ahmedabad, May 25, 2017 Cus - High Court cannot be converted into an alternative forum for time barred appeals: HC

Mumbai, May 25, 2017 CX - Relabeling of retail pack after taking out from master pack and thereafter selling such labeled boxes - activity not manufacture: CESTAT

New Delhi, May 24, 2017 ST - Considerations received for allowing allottee to use plot have direct nexus to service of renting of immovable property : CESTAT

Ahmedabad, May 24, 2017 I-T - Order for transfer of case cannot be quashed for want of reasons, if such transfer is from one officer to another in same city, for administrative convenience & no prejudice was caused to assessee: HC

Ahmedabad, May 24, 2017 CX - Concurrent findings of fact cannot be dislodged : High Court

Chennai, May 24, 2017 ST - In cases involving fiscal nature, statutory appellate remedy has to be first exhausted: HC

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Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.

April 16, 2024 | New Delhi

Seasonal rainfall likely to be 106 % of Long Period Average: IMD

April 16, 2024 | New Delhi

Workshop held for Eco-friendly Measures for Holistic National Highway Development

April 15, 2024 | New Delhi

ECI cracks down on money power: Rs.100 Cr seizure each day since Mar 1

April 15, 2024 | New Delhi

Chief of Army Staff takes off for official visit to Republic of Uzbekistan

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April 16, 2024

Diversion of goods imported under Advance Licence to Open Market: Mens rea upheld

April 09, 2024

Hearings in CESTAT after commencement of CIRP by NCLT

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VISION 360 -
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Regulatory Developments!'

April 2024 Edition

Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

April 15, 2024

DTAA - As per settled law, consideration for resale/use of computer software through EULA or distribution agreement, is not Royalty for use of copyright in computer software; no taxable income arises in India; no TDS u/s 195 warranted: ITAT

April 15, 2024

DTAA - Therefore, such payment does not give rise to any income which is taxable in India & in which case no TDS is to be deducted u/s 195 of the I-T Act : ITAT

April 15, 2024

PMLA - Any person aggrieved by order, even if person is not party to order, can file appeal u/s 26 of PMLA, 2002 before Appellate Tribunal : HC

April 15, 2024

Copyright Act - Trustee only owe fiduciary duty to beneficiary with regards to trust property and Registrar of Copyright to rectify Register in that registration shall be in name of Trust : HC

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