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IndiGo orders 30 Airbus A350s for long hauls Filing of Form 10A & 10AB: CBDT extends due date to June 30 RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimes CPGRAMS recognized as best practice in Commonwealth Secretaries of public service Israel-Iran War: A close shave for Global Economy but for how long?KABIL, CSIR ink MoU for Advancing Geophysical Investigations I-T - If income from stock-in-trade are held as investments, then provisions of section 14A would apply to such income: ITAT TRAI recommends on Infra Sharing, Spectrum Sharing & Spectrum Leasing I-T- Revisionary powers u/s 263 can't be exercised when AO has neither assumed facts incorrectly nor there is incorrect application of law : ITAT Technology Board okays funding of Dhruva Space's Solar Array Project I-T- Issue of interest is debatable issue on which two views are possible and AO accepted one of views for which PCIT cannot assume revisional jurisdiction: ITAT Health Secy visits Bilthoven Biologicals, discusses production of Polio Vaccine I-T - Estimation of profit element from purchases should be done reasonably if assessee could not conclusively prove that purchases made are from parties as claimed, in absence of confirmations from them: ITAT Study finds Coca-Cola accounts for 11% of branded plastic pollution worldwide I-T- Triplex flats purchased are interconnected and can be considered as 'a residential unit'' as per definition of section 54F of Act : ITAT Delhi HC says conspiracy against PM is a crime against State I-T- AO omitted to probe issue of cash payments made over specified limit; revisionary power u/s 263 is rightly exercised: ITAT Brazil makes new rules to streamline consumption taxes I-T-Power of revision unnecessarily exercised where AO had no scope to examine creditworthiness & genuineness of assessee's creditors: ITAT Biden signs rules mandating airlines to give automatic refunds for delayed or cancelled flights I-T-As per settled law, in absence of enabling powers, no disallowance can be made : ITAT BYD trying to redefine luxury for new EV variants GST - On the one hand, the order states registration is liable to be cancelled retrospectively and on the other hand mentions that there are no dues - Order modified: HC SC asks EC to submit more info on reliability of EVMs Right to Sleep - A Legal lullaby


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New Delhi, April 19, 2016 Competition Act, 2002 - Whether Commission is under an obligation to indicate reasons for disagreement with findings of DG and give an opportunity to opposite parties to file their replies/objections - YES: COMPAT

Mumbai, April 19, 2016 I-T - Whether contributions made by members to an Association can be a subject matter of tax, merely because part of Association's excess income over expenditure is invested in mutual funds - NO: HC

Mumbai, April 19, 2016 ST - VCES, 2013 - Tax dues were declared incorrectly due to arithmetical error and appellant suomotu made good balance payment along with interest by 31.12.2014 - It cannot be said that appellant had made a substantially false declaration: CESTAT

Kolkata, April 19, 2016 Cus - O-in-O passed in July 1987 & appeal filed in year 2002 - Petitioner is seeking to take advantage of his negligence in not keeping abreast with developments of adjudicatory proceedings - Petition dismissed: HC

Mumbai, April 18, 2016 CX - Samples drawn from each batch for testing in in-house laboratory are not leviable to CE duty - Adjudicating authority has been over zealous in interpreting provisions - Orders set aside & Appeals allowed: CESTAT

Patna, April 18, 2016 Cus - Sale of confiscated goods - Article 285 of Constitution of India does not apply to indirect taxes like Customs duty, Central excise duty & Sales tax - Customs department is a dealer within meaning of Sec 2(e) of Bihar Finance Act, 1981 and, thus, is exigible to sales tax: HC

Ahmedabad, April 18, 2016 I-T - Whether refundable security deposit is not akin to income and same cannot be taxed - YES: ITAT

Kolkata, April 18, 2016 ST - A mere mechanical reproduction of language of proviso to Sec 73(1) does not per se justify invocation of extended period of limitation - SCN issued at instance of CERA without any independent application of mind is not permissible in law: HC

Allahabad, April 17, 2016 CX - Chapter 27 does not cover electrical energy produced from bagasse - Therefore, electrical energy is not an excisable goods nor is it exempted goods u/s 2(d), hence Rule 6 of CCR, 2004 is not applicable: CESTAT

Paris, April 17, 2016 OECD Report to G20 - Many countries yet to implement exchange of tax information pact

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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

I-T- DTAA does not get triggered at all when a domestic company pays DDT u/s 115-O of the Act : ITAT

April 25, 2024

IBC - Even if CIRP commences, Directors, who are incharge of affairs of Company cannot be absolved of any wilful default committed by borrower Company : HC

April 25, 2024

SARFAESI Act - Writ petition can be disposed of as infructuous as one time settlement has been entered into between parties : HC

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