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Musk defers India’s trip citing heavy Tesla obligations India needs to design legislative pills to euthanise tax-induced expatriation!I-T- Exercise of jurisdiction u/s 263 is invalid if AO has taken particular view, which though, may not be only view, but certainly can be possible view : ITAT Torrential rains cause havoc in Pakistan; 87 killed I-T- Additions framed on account of unexplained money upheld as assessee was unable to prove source of cash deposited in assessee's bank account : ITAT US imposes sanctions on 3 Chinese firms and one from Belarus for transfering missile tech to Pakistan CX - Appellant has regularly filed statutory returns on monthly basis and the fact of clearance of goods and availment of credit was duly reflected in returns but same has not been examined by authorities below, impugned order is not sustainable: CESTAT Dubai terribly water-logged as it has no storm drains ST - When services are received from separate source & accounted separately in separate ledgers, there cannot be any question of clubbing them under one category: CESTAT EU online content rules tightened against adult content firms Cus - The continuous suspension of license of Customs Broker without either conducting an inquiry or issuing a notice for revocation of license or imposition of penalty is bad in law and needs to be set aside: CESTAT EV market cools off in US; Ford, GM eyeing gas-powered trucks Apple China tosses out WhatsApp & Threads from App store after being ordered China announces launch of new military cyber corps 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 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 Nexus between Election Manifesto and Budget 2024 in July!Israel launches missile attack on Iran EC holds Video-Conference with over 250 Observers of Phase 2 polls


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Bangalore, July 21, 2016 I-T - Whether receipts from sale of shares can be treated as 'business income', when investment was made from fund of Company and investment made was shown as investment at cost value from very inception - NO: HC

Mumbai, July 21, 2016 Cus - CHA Licence - Findings of Commissioner are apparently based on surmises and assumptions and do not instill any confidence that there was any contravention by CHA of CHALR: CESTAT

Mumbai, July 21, 2016 CX - MODVAT credit availed on capital goods in 1996 and removed after use in 2006 - Payment of duty at TV suffices and no requirement to reverse credit availed: CESTAT

Ranchi, July 20, 2016 ST - Whenever voluntary disclosure scheme is floated, further leniency should not be given by Court apart from what has been provided, otherwise, there will be no end of liberal approach: High Court

Mumbai, July 20, 2016 ST - Runways are not roads and, therefore, activities pertaining to 'runway' will not be entitled for exemption in terms of sections 97 & 98 of FA, 2012 - Petition fails: High Court

Chennai, July 20, 2016 I-T - Whether when assessee exporter is given incentive for exploring global market for expansion, such incentive is to be treated as revenue receipt - NO: ITAT

Mumbai, July 20, 2016 Cus - There is no valid legal ground for an individual to carry Indian currency out of country as these are not accepted for transactions anywhere in world - absolute confiscation cannot be faulted: CESTAT

Hyderabad, July 19, 2016 Tariff Value Notification No 36/2001 Cus (NT) comes into effect only on or after 06.08.2001 - Telangana & AP High Court follows judicial discipline and follows SC ruling as High Court cannot hold SC ruling as per incuriam

Ahmedabad, July 19, 2016 Drawback on exported goods cannot be denied on ground that raw materials were imported under other export incentive schemes like DEPB or MLFPS: HC

Ahmedabad, July 19, 2016 I-T - Whether assessee is entitled for release of amount with interest after adjustment of tax due from cash seized when there is no dispute as regards the title of seized cash - YES: HC

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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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