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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 I-T - Re-assessment is invalid where based only on a suspicion that income escaped assessment & where not based on concrete reasons to believe for commencing such proceedings : ITAT 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 Cus - When Department has not complied with time limit, the order issued for revocation of licence or order issued for continuation of suspension licence cannot sustain: CESTAT NY top court quashes conviction of Harvey Weinstein in rape case Weather prediction normal for phase 2 poll day IndiGo orders 30 Airbus A350s for long hauls ST - Appellant is an 'authorised medical practitioner' providing 'healthcare services' - services exempted in terms of clause 2(i) of notification 25/2012-ST: Commr(A)RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimes REC avails SACE-Covered Green Loan for 60.5 Billion Japanese Yen Study finds Coca-Cola accounts for 11% of branded plastic pollution worldwide Cus - 'Small Form-factor Pluggable Optical Transceivers' are classifiable under CTH 8517 7090 and not under CTH 8517 62 90 - entitled for benefit of duty concession under 57/2017-Cus: CESTAT DoNER discusses Development of Tourism in North East CX - Appellant is eligible for exemption under Notfn 12/2012-CE upon fulfilling all conditions stipulated therein, thus sufficiently establishing that goods dealt with by Appellants qualify for exemption: CESTAT


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Mumbai, December 27, 2016 ST - Carrying as footnote 'Intel Inside' and 'Microsoft Windows' logos belonging to their respective owners in advts. of computers manufactured cannot be termed as promotion of branded goods - not taxable under BAS: Majority CESTAT

Allahabad, December 27, 2016 I-T - Whether CNG in its compressed form having distinct identity from that of natural gas, which acquires trait of 'manufacture', is eligible for deduction u/s 80IA - YES: HC

Mumbai, December 27, 2016 Cus - No evidence has been placed on record to establish that Boric acid has been used for insecticidal purposes - registration under Insecticide Act is not needed - confiscation, penalty set aside: CESTAT

Mumbai, December 27, 2016 CX - Cash refund can be given only in situation where either assessee has paid amount in cash or refund is against export of goods: CESTAT

Chandigarh, December 26, 2016 Cus - Illegal detention of goods by Customs - Demurrage amounts to more than value of goods & container - Importer not liable to pay these charges; Customs liable - Costs imposed, can be recovered from guilty officers: HC

Ahmedabad, December 26, 2016 I-T - Whether withdrawal of registration u/s 12A for subsequent AYs can be a ground to reopen previous assessments by Revenue - NO: HC

Mumbai, December 26, 2016 CX - Demand dropped on ground of time bar but allegation upheld - observation on merits challenged by appellant will not prejudice them as issue is not of recurring nature: CESTAT

Mumbai, December 26, 2016 Cus - Materials, though produced, escaped attention of Bench while recording order - Tribunal has power to recall its order if facts not considered: CESTAT

New Delhi, December 25, 2016 DoP&T Minister unfolds six key initiatives to mark Good Governance Day - Online filing of APAR; Immovable Property Return & Online App

New Delhi, December 24, 2016 GST Council approves GST Model Law almost 'fully' + Compensation law; to discuss IGST and cross-empowerment issues at next meeting on Jan 3 & 4, 2017

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April 24, 2024

TP - Arm's length computation of corporate guarantees issued by assessee in favour of its AEs abroad taken at 1% which has been approved for earlier A.Ys, cannot be disturbed in absence of contrary: ITAT

April 24, 2024

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April 25, 2024

IBC - Even if CIRP commences, Directors, who are incharge of affairs of Company cannot be absolved of any wilful default committed by borrower Company : HC

April 25, 2024

SARFAESI Act - Writ petition can be disposed of as infructuous as one time settlement has been entered into between parties : HC

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