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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 GST - Tax liability was imposed because petitioner replied without annexing documents - It is just and appropriate that an opportunity be provided to contest tax demand on merits, albeit by putting petitioner on terms: HC 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 GST - Petitioner has failed to avail opportunities granted repeatedly - Court cannot entertain request for remand as there has been no procedural impropriety and infraction of any provision by assessing authority: HC Nexus between Election Manifesto and Budget 2024 in July!GST - Classification - Matter which had stood examined by Principal Commissioner is being treated differently by Additional Commissioner - Prima facie , approach appears to be perverse: HC 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 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 Dengue cases soaring in US - Close to ‘Emergency situation’: UN Agency


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Mumbai, September 14, 2016 Cus - Provisional release of seized goods - Sec 110A applies only where matter is pending adjudication - since BE has been assessed, sec 125 shall apply, according to which assessee can take release of goods on payment of duty: CESTAT

Mumbai, September 14, 2016 I-T - Whether amount raised by debentures is to be considered as used for business even if entire sum raised is advanced to sister concern which is in same line of business and they have business connection with each other - YES: HC

Mumbai, September 14, 2016 Cus - Royalty is hinged upon post-importation manufacture and not on imported goods per se - including royalty amounts in valuation of imported 'master tapes' is improper in law: CESTAT

Mumbai, September 14, 2016 ST - Railways with public investment and private investment function under same statute i.e. Railways Act, 1989 - Railway sidings built by appellant fall within exclusionary portion of sec 65(25a) and are outside ambit of taxation: CESTAT

New Delhi, September 13, 2016 Clarifications on Direct Tax Dispute Resolution Scheme, 2016

New Delhi, September 12, 2016 Cabinet approves creation of GST Council; Revenue Secretary to be ex-officio Secretary to Council; CBEC Chairman to be permanent invitee to Council proceedings; 4 JS-level posts approved; First meeting likely to be on Sept 22

New Delhi, September 12, 2016 Revenue collections trend in five-month: Indirect taxes continue to lord over direct taxes mop-up; Rs 77,000 Crore refund released; Net growth in corporate tax goes in negative

New Delhi, September 12, 2016 ST - To say that notification is clarificatory, there should be something enunciated in original or base notification itself - services added to refund Notif 41/2007-ST by subsequent notifications cannot be given retrospective effect: High Court

Chandigarh, September 12, 2016 I-T - Whether in absence of any proximate nexus having been established by Revenue between administrative expenses and exempt income, no disallowance u/s 14A is warranted - YES: HC

Chennai, September 12, 2016 Customs - Parts, components and accessories of FWT which was complimentary to telephone instrument to function under CDMA technology are eligible for benefit of exemption under Notif No. 21/2005-Cus. dt. 1.3.2005 and not liable to Additional Duty of Customs: CESTAT

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

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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