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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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Chandigarh, December 30, 2016 I-T - Whether grant of registration u/s 12A & exemption u/s 10(23C)(vi) would by itself, entitle trust for allowance of exemption u/s 80G - NO: HC

Allahabad, December 30, 2016 CX - Rly. Authorities have provided general information in r/o entire Gutkha booked at Agra Rly Stn and it does not indicate that said goods were manufactured by appellant and cleared without payment of CE duty - Rs 13 crores demand set aside: CESTAT

Chandigarh, December 30, 2016 CHALR - Commissioner has no power to appoint second enquiry officer - Regulation 22(7) only gives power to consider report submitted by enquiry officers - Order revoking license set aside: CESTAT

Ahmedabad, December 29, 2016 Penalty - Respondent authority is not justified to levy penalty upon petitioners u/r 17 of Medicinal &Toilet Preparations Rules, 1956 as documents for claiming rebate have been furnished: HC

Mumbai, December 29, 2016 Service Tax - Irrigation projects or lift irrigation would get covered under CICS prior to January 2007 but eligible for exemption: CESTAT

Chandigarh, December 29, 2016 I-T - Whether annual value of every second property owned by individual, which remained vacant, would be assessable u/s 23 - YES: HC

Mumbai, December 29, 2016 On inputs received u/r 4(5)(a) of CCR, Jobworker manufactures intermediate parts & sends to supplier who clears under exemption - whether job worker liable to pay duty as Notfn No. 214/86 is not available - matter referred to LB: CESTAT

Mumbai, December 28, 2016 ST - Requirement of accounting standards which mandates that financials of overseas branch are to be included in financials of corporate entity is not sufficient to conclude that services were rendered by foreign service providers to Indian HQ - not liable to tax u/s 66A: CESTAT

Ahmedabad, December 28, 2016 I-T - Whether membership fees received by club, which are refundable on occurence of contingencies mentioned in byelaws, should be treated as capital receipt � YES: HC

Mumbai, December 28, 2016 CX - Benefit of 'payment of duty under protest' made by manufacturer cannot be extended to buyer: 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

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Trade Mark Act - Marks are visually phonetically and deceptively similar to Plaintiffs' trademarks : HC

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