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Pro-Palestine demonstration spreads across US universities; 100 arrested NY top court quashes conviction of Harvey Weinstein in rape case IndiGo orders 30 Airbus A350s for long hauls Filing of Form 10A & 10AB: CBDT extends due date to June 30 RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimes CPGRAMS recognized as best practice in Commonwealth Secretaries of public service Israel-Iran War: A close shave for Global Economy but for how long?KABIL, CSIR ink MoU for Advancing Geophysical Investigations I-T - If income from stock-in-trade are held as investments, then provisions of section 14A would apply to such income: ITAT TRAI recommends on Infra Sharing, Spectrum Sharing & Spectrum Leasing I-T- Revisionary powers u/s 263 can't be exercised when AO has neither assumed facts incorrectly nor there is incorrect application of law : ITAT Technology Board okays funding of Dhruva Space's Solar Array Project I-T- Issue of interest is debatable issue on which two views are possible and AO accepted one of views for which PCIT cannot assume revisional jurisdiction: ITAT Health Secy visits Bilthoven Biologicals, discusses production of Polio Vaccine I-T - Estimation of profit element from purchases should be done reasonably if assessee could not conclusively prove that purchases made are from parties as claimed, in absence of confirmations from them: ITAT Study finds Coca-Cola accounts for 11% of branded plastic pollution worldwide I-T- Triplex flats purchased are interconnected and can be considered as 'a residential unit'' as per definition of section 54F of Act : ITAT Delhi HC says conspiracy against PM is a crime against State I-T- AO omitted to probe issue of cash payments made over specified limit; revisionary power u/s 263 is rightly exercised: ITAT Brazil makes new rules to streamline consumption taxes I-T-Power of revision unnecessarily exercised where AO had no scope to examine creditworthiness & genuineness of assessee's creditors: ITAT Biden signs rules mandating airlines to give automatic refunds for delayed or cancelled flights I-T-As per settled law, in absence of enabling powers, no disallowance can be made : ITAT BYD trying to redefine luxury for new EV variants GST - On the one hand, the order states registration is liable to be cancelled retrospectively and on the other hand mentions that there are no dues - Order modified: HC SC asks EC to submit more info on reliability of EVMs Right to Sleep - A Legal lullaby


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Ernakulam, October 04, 2016 I-T - Whether interest u/s 244A on refund granted to assessee u/s 247 can be denied even if delay in filing of return was condoned by High Court but it was found that such delay was attributable to the assessee - YES: HC

Patna, October 04, 2016 Cus - Onus was on respondent to prove that gold imported is prior to prohibition and/or has been purchased from RBI - seizure and confiscation is legal: HC

Mumbai, October 03, 2016 I-T - Whether transaction of 'off market purchase of share' for which payments were made in cash and brokers had issued pre-dated contract notes, is liable to be treated as bogus transaction, and hence liable to tax - YES: ITAT

Patna, October 03, 2016 Whether 'Notification' issued u/s 19(4) of Bihar Excise Act imposing immediate ban on liqour sale cannot be sustained, if such notification is in contravention to objects of Act which provides for prohibition but in phased manner - NO: HC

Ahmedabad, October 03, 2016 I-T - Whether if a benefit given to employee is taxed as fringe benefit, same would not form part of perquisite of employee, subjecting him to further tax as additional income - YES: HC

Ranchi, October 03, 2016 CX - Merely because there is value addition for end product TMT bars or rods and, therefore, process applied upon TMT coil should tantamount to manufacture is not acceptable: High Court

New Delhi, October 03, 2016 CX - When manufacturing operations are under common management and financial control and there is mutuality of financial interest, clearance values of all units are required to be clubbed: CESTAT

New Delhi, October 02, 2016 IDS, 2016 to make Exchequer richer by over 30,000 Crore; Declarations worth Rs 65000 Crore received

New Delhi, October 02, 2016 Morocco Summit - COP 22 - India to raise issue of finances under Green Climate Fund and transfer of technology

Mumbai, October 01, 2016 Tribunal could not have dismissed appeal without adjudication on merits: HC

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