News Update

Apple China tosses out WhatsApp & Threads from App store after being orderedChina announces launch of new military cyber corpsRailways operates record number of additional Trains in Summer Season 2024GST - Assessing officer took into account the evidence placed on record and drew conclusions - Bench is, therefore, of the view that petitioner should present a statutory appeal: HC1st phase polling - Close to 60% voter turnout recordedGST - Tax liability was imposed because petitioner replied without annexing documents - It is just and appropriate that an opportunity be provided to contest tax demand on merits, albeit by putting petitioner on terms: HCMinistry of Law to organise Conference on Criminal Justice System tomorrowGST - To effectively contest the demand and provide an opportunity to petitioner to place all relevant documents, matter remanded but by protecting revenue interest: HCGovt appoints New Directors for 6 IITsGST - Petitioner has failed to avail opportunities granted repeatedly - Court cannot entertain request for remand as there has been no procedural impropriety and infraction of any provision by assessing authority: HCNexus between Election Manifesto and Budget 2024 in July!GST - Classification - Matter which had stood examined by Principal Commissioner is being treated differently by Additional Commissioner - Prima facie , approach appears to be perverse: HCI-T- Denial of deduction u/s 80IC can create perception of genuine hardship, where claimant paid tax in excess of what was due; order denying deduction merits re-consideration: HCIsrael launches missile attack on IranEC holds Video-Conference with over 250 Observers of Phase 2 pollsGermany disfavours Brazil’s proposal to tax super-richI-T- If material found during search are not incriminating in nature AO can not made any addition u/s 153A in respect of unabated assessment: ITATGovt appoints Dinesh Tripathi as New Navy ChiefAFMS, IIT Kanpur to develop tech to address health problems of soldiersFBI sirens against Chinese hackers eyeing US infrastructureKenya’s top military commanders perish in copter crashCBIC notifies Customs exchange rates w.e.f. April 19, 2024Meta shares ‘Most Intelligent’ AI assistant built on Llama modelDengue cases soaring in US - Close to ‘Emergency situation’: UN Agency
 
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New Delhi, May 02, 2017
I-T - Direction to admit revised return through process of condonation, cannot be viewed as direction to accept contents of revised return, within scope of CBDT's power u/s 119(1) of I-T Act
 
New Delhi, May 02, 2017
ST - Business of "Vendors" gets promoted by appellant for which they collect empanelment fee - Taxable under BAS: CESTAT
 
New Delhi, May 02, 2017
ADD - Appellant is seeking virtually a review of final order of Tribunal and which is not permissible in guise of a ROM application: CESTAT
 
Chennai, May 01, 2017
I-T - No further reduction from WDV warranted if it was already reduced by allowable depreciation and no breakage was claimed: HC
 
Mumbai, May 01, 2017
ST - Tax on Outbound tours - Tribunal decision is sub silentio and, therefore, not of binding precedent - Matter referred to Larger Bench: CESTAT
 
New Delhi, May 01, 2017
CX - Cash discount & Performance incentive are to promote business of respondent and comes under trade discounts - admissible as deduction from AV: CESTAT
 
New Delhi, April 28, 2017
CX - Classification - Polyester Covered Yarn and Nylon Covered Yarn fall under CSH No. 5402.62/61: SC
 
New Delhi, April 28, 2017
I-T - Seized material must have some nexus to additions sought to be made by AO and must be relevant for forming belief regarding escaped income: HC
 
Chennai, April 28, 2017
ST - Reason that officials were involved in matters pertaining to challenge in some other matters, and, therefore, there has been delay in filing appeals is vague and cryptic: HC
 
Mumbai, April 28, 2017
ST – For another field formation of same tax collection mechanism to take an alternative stand and, that too, for limited period of time is best described as 'tax opportunism': CESTAT
 
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