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World Energy Congress 2024: IREDA CMD highlights need for Innovative Financing Solutions Voter turnout surpasses 50% by 4 PM in Phase 2 polls ST - Amendment made to FA, 1994 on 14.05.2015 making service tax applicable retrospectively on chit-fund business is only prospective - Refund payable of tax paid between 01.07.2012 to 13.05.2015: HC XI tells Blinken - China, US ought to be partners, not rivals ST - SVLDRS, 2019 - Amnesty Scheme, being of the nature of an exemption from the requirement to pay the actual tax due to the government, have to be considered strictly in favour of the revenue: HC CX - Issue involved is valuation of goods u/r 10A of CE Valuation Rules, 2000 - Appeal lies before Supreme Court: HC Cus - Smuggling - A person carrying any article on his belonging would be presumed to be aware of the contents of the articles being carried by him: HC Cus - Penalty that could be imposed for smuggling 3.2 kg of gold was Rs.88.40 lakhs, being the value of gold, but what is imposed is Rs.10 lakhs - Penalty not at all disproportionate: HC Cus - Keeping in mind the balance of convenience and irreparable injury which may be caused to Revenue, importer to continue indemnity bond of 115 crore and possession of confiscated diamonds to remain with department: HC Cus - OIA was passed in October 2022 remanding the matter to adjudicating authority but matter not yet disposed of - Six weeks' time granted to dispose proceedings: HC I-T - High Court need not intervene in matter involving factual issues; petitioner may utilise option of appeal: HC China asks Blinken to select between cooperation or confrontation I-T - Unexplained cash credit - additions u/s 68 unsustainable where based on conjecture & surmise alone: ITAT Honda to set up USD 11 bn EV plant in Canada Imran Khan banned from flaying State Institutions I-T - Income from sale of flats cannot be computed in assessee's hands, where legal possession of flats had not been handed over to buyers in that particular AY: ITAT Pro-Palestine demonstration spreads across US universities; 100 arrested I-T - Investment activities in venture capital which are not covered in negative list under Schedule III to SEBI Regulations, qualifies for deduction u/s 10(23FB): ITAT NATO asks China to stop backing Russia if keen to forge close ties with West NY top court quashes conviction of Harvey Weinstein in rape case


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Cuttack, April 25, 2019 Sales Tax - Accepting declaration forms under one Act & rejecting the same under another Act is gross illegality: Tribunal's Larger Bench

Ahmedabad, April 25, 2019 I-T - Appeal withdrawn previously on ground of low tax effect can be revived after noticing discrepancy at later stage, on ground of human error: HC

New Delhi, April 24, 2019 I-T - Re-assessment initiated not because of any second opinion or review but because of survey conducted subsequently, is completely justified: HC

Mumbai, April 23, 2019 I-T - Policy framed by CBDT for speedy disposal of pending tax cases cannot be declared as arbitrary, simply because certain targets for tax collection are set out therein: HC

Mumbai, April 23, 2019 I-T - Transfer of going concern would not amount to 'reconstruction' of business and hence, would not affect continued benefit availed by concern u/s 10A: HC

New Delhi, April 22, 2019 Entry tax - When writ court has restricted consideration to limited issues, then plea of constructive res judicata cannot be invoked to preclude aggrieved party from raising questions, not permitted to be argued in previous petition: SC

Hyderabad, April 22, 2019 GST - Relief from arrest cannot be granted where protection u/ss 41 & 41-A of Cr.P.C may be available & where incongruities exist within Sec 69 & between Sections 69 & 132 of CGST Act, 2017: HC

New Delhi, April 22, 2019 I-T - Benefit of Section 35(1)(ii) is not limited to Universities formed with objective of carrying out scientific research activity only: HC

Hyderabad, April 22, 2019 ST - Outsourcing some activities does not extinguish tax liability on them; holding any such view would nullify Service Tax provisions: CESTAT

Pune, April 19, 2019 I-T - Weighted deduction u/s 35(2AB) is to be allowed even in absence of form No.3CL as it is only a procedural lapse: ITAT

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April 26, 2024

I-T - Assessee cannot be prevented from claiming that receipts from sale of software were wrongly offered as royalty, merely because such income was wrongly offered in ROI and which was not revised: ITAT

April 26, 2024

I-T- Proceedings commenced subsequent to exercise of revisionary power u/s 263, are unsustainable, where the revisionary order itself came to be quashed: ITAT

April 26, 2024

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April 26, 2024

Trade Mark Act - Marks are visually phonetically and deceptively similar to Plaintiffs' trademarks : HC

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