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Musk defers India’s trip citing heavy Tesla obligations India needs to design legislative pills to euthanise tax-induced expatriation!I-T- Exercise of jurisdiction u/s 263 is invalid if AO has taken particular view, which though, may not be only view, but certainly can be possible view : ITAT Torrential rains cause havoc in Pakistan; 87 killed I-T- Additions framed on account of unexplained money upheld as assessee was unable to prove source of cash deposited in assessee's bank account : ITAT US imposes sanctions on 3 Chinese firms and one from Belarus for transfering missile tech to Pakistan CX - Appellant has regularly filed statutory returns on monthly basis and the fact of clearance of goods and availment of credit was duly reflected in returns but same has not been examined by authorities below, impugned order is not sustainable: CESTAT Dubai terribly water-logged as it has no storm drains ST - When services are received from separate source & accounted separately in separate ledgers, there cannot be any question of clubbing them under one category: CESTAT EU online content rules tightened against adult content firms Cus - The continuous suspension of license of Customs Broker without either conducting an inquiry or issuing a notice for revocation of license or imposition of penalty is bad in law and needs to be set aside: CESTAT EV market cools off in US; Ford, GM eyeing gas-powered trucks Apple China tosses out WhatsApp & Threads from App store after being ordered China announces launch of new military cyber corps Railways operates record number of additional Trains in Summer Season 2024 GST - 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: HC 1st phase polling - Close to 60% voter turnout recorded Ministry of Law to organise Conference on Criminal Justice System tomorrow GST - To effectively contest the demand and provide an opportunity to petitioner to place all relevant documents, matter remanded but by protecting revenue interest: HC Govt appoints New Directors for 6 IITs Nexus between Election Manifesto and Budget 2024 in July!Israel launches missile attack on Iran EC holds Video-Conference with over 250 Observers of Phase 2 polls


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Ahmedabad, October 29, 2016 Sales Tax - Whether constitutionality of insertion of new provision can be challenged on ground that cut off date excludes certain class of persons from fold of statutory provisions, when such exclusion is not arbitrary - NO: HC

Allahabad, October 28, 2016 VAT - Whether power to seize goods is not dependent upon bona fides of past transaction, but must be exercised in backdrop of seized goods falling within mischief of Sec 48 - Yes: HC

Ahmedabad, October 28, 2016 Cus - For two months, importer cleared goods by availing benefit of notfn 73 / 2005 & only when probe commenced against other importers they discharged differential duty - Penalty upheld: CESTAT

Ahmedabad, October 28, 2016 CX - Once amount payable under CCR is treated as duty of excise, inputs & capital goods removed without payment of duty shall be liable to confiscation u/r 25(1) of CER, 2002: CESTAT

New Delhi, October 27, 2016 I-T - Whether transfer of assessment file from jurisdiction of one AO to another is valid even if there is no agreement between two jurisdictions - NO: SC

New Delhi, October 27, 2016 Kerala GST - sale by brand name holder or trade mark holder to be first sale for purpose of Sec 5(2) - KAIL is brand name owner of 'Sansui': SC

Chandigarh, October 27, 2016 I-T - Whether when assessee's explanation about cash deposits in his savings account was concurrently rejected by both Commissioner and Tribunal, it warrants intervention by higher courts - NO: HC

Mumbai, October 27, 2016 Cus - Committee has not applied its mind - Mere accordance of approval to appeal because impugned order is not in favour of Revenue is not proper discharge of duties statutorily assigned: CESTAT

Mumbai, October 27, 2016 ST - Sum charged by club to members for sale of items is not taxable if evidences like sale bills and P&L evidencing such sale are available: CESTAT

Mumbai, October 26, 2016 I-T - Whether interest earned on money lending is to be taxed as profits of bussiness rather than income from other sources even if assessee is not NBFC - NO: HC

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April 19, 2024

I-T- Onus of establishing receipt of services from Associated Enterprise has to be discharged on year to year basis by assessee company: ITAT

April 19, 2024

DTAA - Payment received on account of subscription, professional and training services cannot be deemed to be Fees for Technical service and be taxed as Royalty, where no technical know-how is made available: ITAT

April 19, 2024

Companies Act - Charges of professional misconduct in SCN are proved for which monetary penalty can be imposed : NFRA

April 19, 2024

PMLA - Application for anticipatory bail can be rejected as there is failure on part of applicant to appear before trial Court despite service of bailable warrant : HC

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