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I-T- Denial of deduction u/s 80IC can create perception of genuine hardship, where claimant paid tax in excess of what was due; order denying deduction merits re-consideration: HC Israel launches missile attack on Iran EC holds Video-Conference with over 250 Observers of Phase 2 polls Germany disfavours Brazil’s proposal to tax super-rich I-T- If material found during search are not incriminating in nature AO can not made any addition u/s 153A in respect of unabated assessment: ITAT Govt appoints Dinesh Tripathi as New Navy Chief AFMS, IIT Kanpur to develop tech to address health problems of soldiers FBI sirens against Chinese hackers eyeing US infrastructure I-T - Interest earned on short term deposit out of borrowed funds during period prior to commencement of business, is totally foreign to business objects of assessee, and not eligible for set off: ITAT Kenya’s top military commanders perish in copter crash CBIC notifies Customs exchange rates w.e.f. April 19, 2024 Meta shares ‘Most Intelligent’ AI assistant built on Llama model ST - Service Tax paid in respect of export of services and cannot be subject to levy of Service Tax under Notfn 18/2009-ST, denial of exemption on procedural lapses cannot be sustained: CESTAT Dengue cases soaring in US - Close to ‘Emergency situation’: UN Agency Nexus between Election Manifesto and Budget 2024 in July!Half of China’s major cities sinking, reveals Study CX - The warranty service is eligible for credit though the same is provided after clearance of final products: CESTAT


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New Delhi, September 20, 2016 CX - Applying 'user test', structural items used in fabrication of support structures would fall within ambit of 'Capital Goods' as contemplated u/r 2(a) of CCR, hence will be entitled to Cenvat Credit: CESTAT

Allahabad, September 20, 2016 ST - Commission received is for services provided by appellant to their foreign principal who have paid in convertible foreign exchange - appellant have exported services and are not liable to pay service tax: CESTAT

Mumbai, September 19, 2016 Cus - When Sett. Comm. had allowed applications to be proceeded u/s 127C it would only mean that, at threshold itself, it was satisfied that applications were not made for interpretation of classification: High Court

Ahmedabad, September 19, 2016 I-T - Whether after scrutinizing claim minutely during assessment, if AO does not reject a claim but chooses not to give any reasons, reopening can be done, even if no reasons were given for making disallowance on such claim of exemption - NO: HC

Chennai, September 19, 2016 CX - Jurisdiction of High Court - Issue relates to whether benefit of exemption under an exemption notification is admissible to appellant or not - High Court has no jurisdiction under Sec 35 G: High Court

Mumbai, September 19, 2016 Cus - Import of equipment - Department has no jurisdiction to question certificate issued by Sports Authority of India: CESTAT

Allahabad, September 19, 2016 CX - When Inputs are cleared as such, manufacturer is required to pay an amount equal to credit availed of CE/CVD duty- reversal of ST paid on inward transportation is not envisaged : CESTAT

Paris, September 18, 2016 Realising Goal for education by 2030 uphill task for all countries: OECD

Chennai, September 17, 2016 CX - In absence of appeal against order of Assistant Commissioner finalizing provisional assessment, quantification of differential duty by Superintendent cannot be challenged as it is not an adjudicatory function: High Court

Mumbai, September 17, 2016 Cus - Colour TV sets sold on MRP based valuation - whether unjust enrichment is applicable in respect of CVD paid at specific rate - matter remanded: CESTAT

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Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.

April 18, 2024 | New Delhi

EC holds Video-Conference with over 250 Observers of Phase 2 polls

April 18, 2024 | New Delhi

AFMS, IIT Kanpur to develop tech to address health problems of soldiers

April 18, 2024 | New Delhi

Indigenous Technology Cruise Missile successfully flight-tested by DRDO off the Odisha coast

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April 2024 Edition

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

April 18, 2024

INTL - Expenses incurred by a non-resident individual towards obtaining Special Power of Attorney & anciliary expenses, for purpose of transferring property located in India, are covered u/s 48(i) & allowable: ITAT

April 18, 2024

TP - If assessee has suo-moto offered guarantee commission and no inherent risk arises to financial services utilized by AE from assessee, then no further guarantee adjustment is required: ITAT

April 18, 2024

Trade Marks Act - Issue of grant of registration can be remitted back to Examiner as trade mark could not be rejected and is required to be advertised : HC

April 18, 2024

SARFAESI Act - If any borrower is aggrieved by action of private bank/ARC, then borrower has to avail remedy under SARFAESI Act and no writ petition can lie or is maintainable : HC

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