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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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New Delhi, September 01, 2016 ST - Without even SCN being issued & without there being any determination of amount of service tax arrears, resort to extreme measure of arrest followed by detention was impermissible in law - eBIZ.com wins in Delhi HC

New Delhi, September 01, 2016 ST - Court is unable to accept that payment by Petitioners of alleged service tax arrears of Rs 40 crores was voluntary - Revenue cannot bypass Section 73A of the FA before going ahead with arrest: HC

Mumbai, September 01, 2016 ST - Miscellaneous Application filed by Revenue for interpolation of fresh authorization and thereby validating an appeal filed without proper authorization is dismissed but without costs: CESTAT

Ahmedabad, September 01, 2016 I-T - Whether if assessee is loan recovery agent, such income can be taxed only if it accures & accrual takes place only in year in which sum recovered is in excess of sum payable to buyers of loan portfolio - YES: HC

New Delhi, September 01, 2016 ST - Since principal manufacturer is clearing 'Jute Loom Machine Assembly' manufactured on job work by applicant @ Nil rate of CE duty by availing benefit of Notfn 12/2012, benefit of notfn 25/2012-ST cannot be extended to applicant: AAR

Mumbai, September 01, 2016 Cus - Import of car is restricted and, therefore, importer should have obtained licence from Ministry of Commerce or fulfilled conditions of Notfn. 4/97-2002 - confiscation of car and imposition of penalty is proper: CESTAT

Mumbai, September 01, 2016 ST - It is common sense that there is no separate legal status of proprietary concern - rejection of refund claim on ground that claim was made by firm whereas ST was paid by Proprietor is serious error: CESTAT

Mumbai, August 31, 2016 ST - Refund - Rule 5 of CCR, 2004 - Turnover of services provided by branches located in South Africa and UK is to be excluded from 'export turnover' and the 'total turnover' of assessee - Appeals dismissed: CESTAT

New Delhi, August 31, 2016 CX - Exemption - deemed to have been duty paid even without production of documents evidencing payment of duty thereon : No duty required to be paid: SC

Chennai, August 31, 2016 I-T - Whether it is open to Revenue to contend that as per Sec 11 of General Clauses Act, 1897, distance between agri land and municipal limit is to be measured, only in straight line or horizontal plane, when it is clear that there is no straight jacket formulae as per intent of the legislature - NO: HC

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TP - Arm's length computation of corporate guarantees issued by assessee in favour of its AEs abroad taken at 1% which has been approved for earlier A.Ys, cannot be disturbed in absence of contrary: ITAT

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