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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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Mumbai, August 20, 2016 I-T - Whether purchasers of shares can be held responsible, for default made by vendors of shares in filing their return and not disclosing consideration received by them for sale of their shares - NO: HC

Chandigarh, August 19, 2016 ST - Haryana Housing Board is a 'governmental authority', as it is fully under control of State Govt. and, therefore, service being provided of construction of BPL houses would clearly fall in exemption clause: High Court

Mumbai, August 19, 2016 CX - Mix is manufactured with precision of a high standard; plasticizers are also added to improve the quality of the concrete - product manufactured by appellants is RMC and not entitled for benefit of 4/97-CE - However, entire demand hit by limitation - Appeals allowed: CESTAT

Mumbai, August 19, 2016 CX - For period after 19.4.2006, there was no doubt that GTA services cannot be considered as 'output services' by recipient and, therefore, ST under reverse charge could not have been paid through CENVAT credit: CESTAT

Ahmedabad, August 19, 2016 I-T - Whether mere fact of supply of information to AO by Investigation Wing would not mean that AO cannot rely upon it after perusing same and forming his own opinion on basis of same - YES: HC

Mumbai, August 19, 2016 ST - Plea that they have paid more than 10% of disputed tax amount does not come to appellants' rescue because appeal was filed before 6.8.2014 - having not filed Stay application seeking waiver of pre-deposit, only option left was to deposit adjudged dues: CESTAT

Mumbai, August 19, 2016 Cus - Claim of classification under CTH 8413 does not benefit appellant in r/o custom duty for reason that goods falling under CTH 8705 or 8413, both are eligible for exemption - no malafide can be attributed, hence RF and penalty reduced: CESTAT

New Delhi, August 18, 2016 IDS 2016 - Option to declare FMV of immovable property acquired through registered deed provided; RS, CBEC meet trade & industry for feedback on GST laws; More interactive sessions being planned��

Mumbai, August 18, 2016 ST - Once, at end of �Supplier', Towers or BTS Cabins are assessed to CE duty by considering them as excisable goods and duty is collected, it is not open for Revenue at 'recipient' end to question whether goods are dutiable for purpose of denying CENVAT credit: CESTAT

Ahmedabad, August 18, 2016 VAT - Whether mere fact of incidental creation of small quantity of waste in form of byproduct which was sold as firewood, can form basis for holding that inputs purchased was not used fully for manufacture of specified product - NO: HC

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