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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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Chandigarh, June 06, 2016 Revision u/s 35EE - Revision by officer of same rank as who passed order under challenge is not permissible: High Court

Hyderabad, June 06, 2016 I-T - Whether film software library is intangible asset in nature and depreciation is allowable on it at rate allowable on other such assets - YES: ITAT

Mumbai, June 06, 2016 ST - VCES, 2013 - A 'small' portion of 50% amount of tax dues not paid by 31/12/2013 - Time limit prescribed under scheme cannot be extended in absence of any provision for condoning delay - declaration rightly rejected - Appeal dismissed: CESTAT

New Delhi, June 05, 2016 Traffic Decongestion in Delhi: Committee calls for Rs 20,000 Cr interventions; Unified Metro Transport Authority; Congestion tax and no more flyovers

New Delhi, June 04, 2016 ST - Rule 5A(2) is ultra vires FA, 1994 - Audit is a special function which has to be carried out by duly qualified persons like a Cost Accountant or a CA & cannot possibly be undertaken by any officer of Service Tax Department: Delhi HC

Mumbai, June 04, 2016 CX - Malt Extract, which arises during manufacture of IMFL, is WORT, which is not marketable commodity, hence no duty can be demanded on same: CESTAT

Mumbai, June 04, 2016 Cus - Penalty is consequential to demand of duty & confiscation of goods - as proceeding was made against main party, wherein demand & confiscation was dropped, present appellant, co-noticee, is also not liable for penalty: CESTAT

New Delhi, June 03, 2016 CX - Denial of HSD Oil credit - Sec 112 of Finance Act, 2000is clarificatory & does not have effect of taking away vested rights - Petition dismissed: High Court

Mumbai, June 03, 2016 Cus - Merely because main noticee has settled its case before Settlement Commission, it cannot be said that proceedings against co-noticees cannot continue: CESTAT

Chandigarh, June 03, 2016 Cost imposed by CESTAT - No reason to interfere - Revenue appeal dismissed: High Court

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I-T- Onus of establishing receipt of services from Associated Enterprise has to be discharged on year to year basis by assessee company: ITAT

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