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Right to Sleep - A Legal lullaby US warns Pak of punitive sanctions against trade deal with Iran I-T- Income surrendered before approaching Settlement Commission not covered u/s 115BBE, where this provision did not exist during relevant AYs: HC Chinese companies decry anti-subsidy probe by EU I-T- Entire interest expenditure is allowable as deduction if loan funds is not diverted for non-income earning activities/personal purposes : ITAT UK’s key water supplier, Thames Water, slips into financial quagmire I-T- Sale consideration cannot be considered as unexplained cash credit if sale takes place in online platform and sale consideration is received through stock broker in banking channels : ITAT UK to send military aid package worth USD 619 mn to Ukraine I-T- Section 69C includes expenditures reflected in account books, as well as those discovered during Search & Seizure for which no valid explanation is forthcoming from assessee: ITAT US regulator bans non-compete agreements by employees I-T- Penalty imposed u/s 273B upheld where assessee unable to provide just cause for failure to file audit report within prescribed due date as per Section 44AB: ITAT Palestinian PM unveils new reform package I-T- Assessee cannot contest validity of penalty notice on grounds of irrelevant provision not being struck off, by highlighting such defect for the first time before ITAT itself: ITAT Air India, Nippon Airways join hands for travel between India and Japan Govt receives 7 bids for giga-scale Advanced Chemistry Cell under PLI 10 killed as two Malaysian Military copters crash I-T- Lower authorities erred in disallowing long term capital loss : ITAT SC grills Baba Ramdev & Balkrishna in misleading ad case 1351 candidates to contest in phase 3 of LS Elections I-T- Revisionary order u/s 263 invalidated where passed in ignorance of repeated factual submissions to prove that original assessment order is not erroneous or prejudicial to revenue's interests: ITAT Indian Coast Guard, Oman Coast Guard to jointly combat transnational illegal activities at sea ST - Department cannot retain any amount which is otherwise not payable by the Assessee; nothing acts as embargo on assessee's right to demand refund of tax paid under misaken notion: CESTAT AFMS, ICMR join hands to undertake biomedical research for Armed Forces Cus - If noticee seeks Cross Examination of such persons, same should be granted, appellant will produce all documentary evidence before Adjudicating Authority in support of their claim that seized gold is part of their normally procured gold in course of their commercial transactions: CESTAT


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New Delhi, April 23, 2016 I-T - Whether when assessee-university has generated huge surplus but got miniscule grants from Govt, collection of fees prescribed under statute can be construed as funding by Govt - NO: Supreme Court

Mumbai, April 23, 2016 CX - Proceeding of rebate & refund are different - Since appellant had paid excess duty at rate of 14% instead of correct duty payable at rate of 10%, 4% though excess paid cannot be sanctioned as rebate: CESTAT

Mumbai, April 22, 2016 ST - CENVAT - In respect of services availed beyond territory of India and obviously outside place of removal, there can be no doubt regarding its inadmissibility: CESTAT

Chennai, April 22, 2016 I-T - Whether assessee need not always be owner of power plant for availing Sec 80IA benefits - YES: ITAT

Shillong, April 22, 2016 Writ Petition against seizure of gold biscuits by Customs - Facts of case are not such that can attract exercise of writ jurisdiction under Article 226 - Petition dismissed

Mumbai, April 21, 2016 ST - Respondent supplied manpower to Jet Airways in airport premises - Prior to amendment by FA, 2010, if a person provides services in airport, it must be authorized by airport authority, else same will not be covered under airport services: CESTAT

Kolkata, April 21, 2016 I-T - Whether short-term capital gains on sale of plant of two tea estates are to be determined by reducing sale consideration from writtend down value of block of plants of all tea estates and not only WDV of plant of tea estates sold - YES: HC

Mumbai, April 21, 2016 CX - Notfn. 6/2006 -Concessional rate of duty is subject to 'registration for use solely as taxi' without any reference to period of registration - it was, therefore, improper on part of lower authorities to insist upon a tenure that is not expressly stated there: CESTAT

Ahmedabad, April 20, 2016 I-T - Sec 37(1) - Whether subsidiary is entitled to claim expenses incurred on reimbursement to its Principal which had paid on its behalf for breach of contract - YES, rules HC

Mumbai, April 20, 2016 CX - Duty paid bottles purchased from market & sold along with manufactured caps & plugs on payment of duty - Transaction of purchase of goods, availment of CENVAT credit thereon & payment of duty on said goods on its removal is squarely covered u/r 16: CESTAT

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April 24, 2024

TP - Arm's length computation of corporate guarantees issued by assessee in favour of its AEs abroad taken at 1% which has been approved for earlier A.Ys, cannot be disturbed in absence of contrary: ITAT

April 24, 2024

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April 23, 2024

PMLA - Applicant is not entitled for grant of anticipatory bail u/s 45 of PMLA as Court does not find any reasonable ground to believe that applicant is not guilty of crime : HC

April 23, 2024

SARFAESI Act - Petition has been filed to overreach recovery proceedings, wherein Petitioners have been found to be liable to pay certain amount so as to circumvent provisions of statutory appeal : HC

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