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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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Mumbai, December 05, 2018 CX - Contention of the petitioner company that it was declared as sick unit cannot be considered for waiving pre-deposit: High Court

Mumbai, December 04, 2018 CX - Denial of carry forward of accumulated CENVAT credit upon de-bonding is not correct in law: CESTAT

Kolkata, December 04, 2018 I-T - Simply because transactions are made through banking channels, it does not necessarily follow that satisfaction as to creditworthiness & genuineness of parties also stands established: ITAT

Mumbai, December 04, 2018 ST – Free airtime usage given by telecom service provider for employees is taxable : CESTAT

Mumbai, December 03, 2018 I-T - Conversion of Pvt Ltd Co into LLP, as per mandate of Sec 47 is transfer, liable to capital gains tax: ITAT

Mumbai, December 03, 2018 ST - FCP deposit - No justification on part of department in alleging that appellant had promoted the business of unemployed persons who joined them as Sales Officers: CESTAT

New Delhi, December 03, 2018 I-T - Interest earned on fixed deposit is to be construed as having direct nexus with business activity if assessee purchased FDs with share application money: ITAT

Mumbai, December 01, 2018 I-T - If material facts are available during assessment and no new tangible material comes after closure of assessment, then initiating re-assessment is change of opinion which is not permissible: ITAT

Mumbai, November 30, 2018 ST - Gemmological Institute is not a vocational training institute - benefit of Notification No. 24/2004-ST is not available: CESTAT

Mumbai, November 30, 2018 I-T - Exemption provided to certain income from taxation cannot be withdrawn for mere failure to pay tax, without any such mandate in law: HC

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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

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

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