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Goyal discusses rising freight cost, shipping delays & congestion at the ports Customs - First Schedule - Chapter 98 - Clarificatory explanation on 'laboratory chemical' inserted Kentucky Sheriff accused of shooting dead District Judge inside courthouse M/s Konoike Transport approved as Strategic Buyer for disinvestment of FSNL Cus - Gold seized from appellant & auctioned without considering cogent evidence furnished; seizure invalidated, auction proceeds be refunded with interest: CESTAT India grants USD 50 mn budgetary support for one more year to Maldives FATF smacks on India's back for measures to tackle illicit finance CX - Rule 4 of Central Excise Valuation Rules 2000 are rightly invoked where assessee suppresses material facts about clearance of finished goods to related entity: CESTAT TMC disowns Minister’s statement that women were drinking during protest BRICS Summit: India showcases Legal Reforms and Initiatives ST - For the amenities provided by service recipient, the cost thereof cannot be included in assessable value of service in hands of appellant being service provider, therefore, demand is not sustainable: CESTAT China, India are not rivals rather cooperators, says Chinese envoy RM exhorts Navy to be prepared for every situation in today's volatile global scenario I-T - Revenue is not permitted to express different opinion based on very same facts disclosed during original assessment proceedings: HC India trashes report on Indian ammunition reaching Ukraine I-T - No distinction to be made between direct and indirect expenses that are eligible for deduction under Section 35 D of the Income Tax Act: HC Biden hopeful of further cut in rates by Fed I-T - Non-investment of sale consideration or portion thereof in designated capital gains would not come in way of assessee claiming exemption so long as assessee had invested said amount for construction: HC Lanka to go to polls for New President tomorrow I-T - Assessee sought repeated adjournments without valid reason; costs of Rs 2000/- per appeal imposed on assessee; nevertheless, case remanded for de novo hearing, given tight scheduling of notices & interests of justice: ITAT Israel incinerates 1000 rocket launcher barrels of Hezbollah I-T - Interest received by credit cooperative society from investment held, cannot be treated as it's operational income, as interest received is not from credit facilities provided to its members as envisaged u/s 80P(2)(a)(i): ITAT SEBI hammer falls on Axis Capital; Ban imposed from acting as investment banker in debt market I-T - Where DVO has power to estimate value independently & fails to do so, then PCIT's action to seek fresh report & revise the assessment, is outside scope of Section 263: ITAT CJI asks lawyers to use SC Platform for recorded orders NPS Vatsalya - FM launches pension scheme for minors IP Saarthi - Govt launches AI/ML-based search engine for Trademarks NACIN hosts 3-day roundtable on IPR; Govt envisages greater role of Customs in IPR protection US Presidential Poll: Tall promises by Hopefuls elbow economy closer to tax-doom-loop!Fed lives up to global expectations; cuts interest rate by 0.5% - first cut in last 4 years Mandaviya chairs meeting to provide Social Security to Gig and Platform Workers CAQM announces revised GRAP schedule for Delhi-NCR


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Ranchi, October 25, 2016 ST - Passing Orders taking hyper technical views should be avoided for they unnecessarily increase workload of Court - CC should have guided Commissioner (A) in meetings: HC

Mumbai, October 24, 2016 I-T - Whether exercise of extraordinary jurisdiction by HC is warranted in case of petition filed by assessee, who has, by participation in proceedings before AO consequent to transfer of its case, accepted impugned orders - NO: HC

Mumbai, October 24, 2016 ST - Once it is accepted that Appellant is rendering 'Mandap Keeper' service and Bills were raised for gross amount towards food, assessee would be eligible for abatement of 40% from value for payment of service tax: CESTAT

Ahmedabad, October 24, 2016 FPS - Withdrawal of export incentive to items other than bicycle parts under entry No 269 of Appendix 37-D - HC quashes DGFT Trade Notice 11/2015 - No recovery of benefits already granted

Chandigarh, October 23, 2016 ST - As appellant has given contract for loading/unloading on basis of weight of goods and not as per labour provided, activity cannot be termed as supply of Manpower: CESTAT

New Delhi, October 22, 2016 ST - There is no bifurcation in commission agent agreement regarding supply of goods and services - entire quantum of ST paid by commission agent is entitled as credit: CESTAT

Chennai, October 22, 2016 TNGST - Whether it is permissible for Legislature to introduce a Explanation to provision of fiscal Statute, which has feature of expanding scope of charging section - NO: HC

New Delhi, October 21, 2016 Cus - Attaining self-sufficiency is precursor to trigger right of the petitioners to seek permission to export their participating interest/share of crude oil: High Court

Kolkata, October 21, 2016 I-T - Whether when complaint filed by assessee against accountant has been duly filed with police, in that case assessee's inability to produce books needs to be believed & he could not be considered as defaulter for not discharging onus of providing books before AO - YES: ITAT

Mumbai, October 21, 2016 CX - Contract for manufacture & supply of Electrical Transmission towers - debit notes raised for excess amount of material used - CX duty not payable prior to 1st July 2000 but payable thereafter as valuation is based on Transaction value: CESTAT

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TIOL Tube

TIOL Tube brings you an interview with former US Secretary of Treasury, Mr. Larry Summers who was recently in Delhi.

September 20, 2024 | New Delhi

Goyal discusses rising freight cost, shipping delays & congestion at the ports

September 20, 2024 | New Delhi

M/s Konoike Transport approved as Strategic Buyer for disinvestment of FSNL

September 20, 2024 | New Delhi

FATF smacks on India's back for measures to tackle illicit finance

September 20, 2024 | New Delhi

BRICS Summit: India showcases Legal Reforms and Initiatives

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September 17, 2024

Undervaluation of Imported Aluminium Scrap

September 09, 2024

Undervaluation of Imported Aluminium Scrap

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September 2024 Edition

Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

September 19, 2024

DTAA - penalty cannot be imposed where assessee is under bona fide belief that TDS is already paid and that no further payment is required: ITAT

September 18, 2024

TP - Assessee entitled to voluntary transfer pricing adjustment as per Section 92C: ITAT

September 19, 2024

Trademarks Act - Suit for Permanent injunction can be filed for defamation, damage to reputation and tarnishment of brand equity, brand dilution, infringement of registered trademark made on social media platform: HC

September 19, 2024

IBC - obstruction of implementation of resolution plan and forfeiture of share application money passing it as performance guarantee money was not unwarranted and unreasonable: NCLAT

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