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I-T - Anything made taxable by rule-making authority u/s 17(2)(viii) should be 'perquisite' in form of 'fringe benefits or amenity': SC Cus - Drawback - Revenue contends that appeal of exporter ought to have been dismissed by Tribunal as not maintainable since correct remedy was filing a revision application with Central government - Appeal disposed of: HC Cus - CHA - AA has clearly brought out the modus adopted by the appellant and how he was a party to the entire under valuation exercise - Factual finding affirmed by Tribunal - No question of law arises for consideration: HC GST - Proper officer has not applied his mind while passing the order; confirmed demand by opining that reply is not satisfactory - Proper Officer is directed to withdraw all punitive actions taken against petitioner pursuant to impugned order: HC GST - Proper Officer had to at least consider the reply on merits and then form an opinion - Non-application of mind - Order set aside and matter remitted for re-adjudication: HC GST - Cancellation of registration for non-filing of returns - Suspension/revocation of license would be counterproductive and works against the interest of revenue - Pragmatic view needs to be taken to permit petitioner to carry on his business: HC 86 flights of AI Express cancelled as crew goes on mass sick leave Tax Refund Conundrum - Odyssey of Legal Missteps I-T- AO not barred from issuing more than one SCN; Fresh SCN seeking information is not without jurisdiction, more so where HC itself directed re-doing of assessment: HC Murthy launches Capacity Building on Design and Entrepreneurship program Cash, liquor & drugs worth Rs 110 Cr seized from Jharkhand ahead of polls I-T- Appeal before CIT(A) (NFAC) is rightly dismissed where it has been delayed by over one year without just & reasonable cause: ITAT Poll-induced stress: 2 Bihar officials die of heart attack at polling booths Sixth Edition of Commandants' Conclave held in Pune Some Gujarat villages keep away from polls over unfulfilled demands from government I-T- Re-assessment unsustainable, where based on third party statements & not corroborated by incriminating evidence: ITAT Roof-hugging inflation nudges Argentina to print first lot of 10,000 notes of peso I-T- Re-assessment invalidated where triggerred by change of opinion, on account of being based on material already available during original assessment: ITAT Investigation finds presence of ‘boys club’ strands of culture at American bank regulator ST - Civil work for construction of tower in port area, is exempt from tax as per Notfn No 25/2007-ST; constructing draining pipes for municipal corporation is not commercial activity & so no Service Tax is payable thereon: CESTAT US alleges Russia shipping oil to North Korea more than UN-fixed quota Cus - That appellants were aware of dutiable nature of Gold found from baggage & of procedure for declaration at Customs, reveals intent to smuggle said Gold without payment of tax - conditions for valid import of Gold not satisfied either; absolute confiscation upheld: CESTAT US cancels licence to some firms found exporting materials to Huawei CX - Excise duty is determines based on how goods are cleared - What happens to goods post their removal, is not manufacturer's lookout, unless manufacturer is involved in fraud or wilful mis-declaration: CESTAT Renewables accounted for 30% of global power supply in 2023: Study CX - Manufacturer of Single Sugar Phosphate (SSP) meant for agricultural use, cannot be held liable for use of SSP for industrial purposes, by a tertiary purchaser of SSP: CESTAT CLAT 2024 exams to be held on Dec 1 ST - Since the demand itself is not sustainable, question of demanding interest and imposing penalty does not arise: CESTAT


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Ahmedabad, November 22, 2016 I-T - Whether service tax collected from customers deserves to be added to assessee's net profit, if same was not deposited by assessee before due date of filing return - YES: ITAT

Mumbai, November 22, 2016 ST - Input Services - Renting of Immovable property - CCR, 2004 does not envisage proportional allocation: CESTAT

Mumbai, November 22, 2016 Cus - Appellant was not an authorised agent for removing garbage & sweeps from SEEPZ area, hence confiscation & penalty upheld: CESTAT

Chennai, November 21, 2016 I-T - Whether it is open to an assessee to agitate show cause notice before High Court, when he can directly approach ITO who had issued said SCN - NO: HC

Chennai, November 21, 2016 ST - Order in Original passed by relying upon an order of Tribunal, which has been set aside by High Court much earlier is unsustainable: HC

Mumbai, November 21, 2016 CX - No double benefit - Credit rules did not bar appellant from taking credit of CVD if importer availed exemption notification No. 22/99-Cus or filed any declaration to that effect: CESTAT

New Delhi, November 20, 2016 Pre-Budget Meet - Trade Unions call for hiking income tax exemption limit to Rs 5 lakh and pension to workers to Rs 3000; Credit to MSME Sector at 4%�

New Delhi, November 20, 2016 1.35 lakh jobs generated through various employment schemes last calendar year: Minister

New Delhi, November 19, 2016 GST a milestone in cooperative federalism; concept can be replicated in other spheres, says Cabinet Secretary

Pune, November 19, 2016 I-T - Whether compensation paid by developer to flat owners for delayed handing over of possession, is not a contingent liability warranting any penalty - YES: ITAT

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TP - ALP adjustment porposed by Tribunal on basis of tolerance range of (+/-) of standard deduction, need not be interfered: HC

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I-T - Payment made to non-resident AE towards reimbursement of expenses cannot be considered as Fee for technical service in terms of Section 9(1)(vii): HC

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May 08, 2024

PMLA - Considering involvement of applicant in selling fake Remdesivir injection at higher price, applicant is not entitled for anticipatory bail : HC

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