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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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New Delhi, December 10, 2018 CGST - Reduction in GST rates - Base prices of Nestle Munch Nuts Chocolate and Cadbury Dairy Milk Chocolate increased to retain the original Maximum Retail Prices - Profiteering proved: NAA

Ernakulum, December 10, 2018 I-T - Provisions of Income Tax Act do not mandate interest on interest: HC

Jaipur, December 08, 2018 I-T - Interest of mortgage of property is also inherited along with flat by virtue of transfer through WILL as assessee cannot inherit more than interest of testator: ITAT

Bangalore, December 07, 2018 I-T - One residential house would include multiple flats in same multistorey apartment before amendment to Sec 54F vide Finance Act, 2014: ITAT

Mumbai, December 07, 2018 ST - In case of Export pre-paid, UPS Worldwide has provided Courier Agency Service and in case of Import Prepaid and Export Freight Collect, appellant has provided same service - Demand sustainable: CESTAT

Mumbai, December 06, 2018 I-T - Claim of exemption u/s 54F can't be denied for merely not getting possession of flat within stipulated period of time due to delay in construction work outside control of assessee: ITAT

Mumbai, December 06, 2018 ST - There is no evidence adduced to show that trademarks, know-how, etc. supplied by foreign collaborators have been registered in India - services received cannot be held to be IPR service: CESTAT

Chennai, December 05, 2018 CX - Reversal of CENVAT credit before utilization - rule 14 of CCR, 2004 unambiguously warrants payment of interest: High Court

New Delhi, December 05, 2018 I-T - Unsigned entries in pen drive wherein name of assessee company is not found, can't be used as evidence against assessee: ITAT

Mumbai, December 05, 2018 CX - Whether a delay of 215 days in filing appeal can be condoned on payment of cost - difference of opinion: CESTAT

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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

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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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