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Jio turns world’s top telco in terms of data traffic India takes part in 'Institutionalization of SMART Government for Improving Service Delivery' in London Gadkari faints during campaign; Heat takes toll on his health 'Sunflowers were the first ones to know' - film by FTII student selected at Cannes SARFAESI Act - Award of interest on auction money at rate applicable to fixed deposits is not a correct view and rate of interest deserves to be enhanced: SC (See 'TIOLCorplaws')ST - Chit Funds - Tax was not paid under mistake of law but upon demand by tax authorities - Refund not having been filed within time was rightly rejected: HC SC asks EC to submit more info on reliability of EVMs GST - Without considering reply on merits, proper officer has held that reply is unsatisfactory and, therefore, he is left with no alternative but to create demand - Order set aside: HC GST - Cancellation of registration retrospectively - Show Cause Notice and the impugned order are bereft of any details, accordingly the same cannot be sustained: HC GST - Registration could not have been cancelled retrospectively for the period for which returns were filed and taxpayer was compliant: HC GST - Notfn 11/2017-CTR amended by 03/2022 - Work contracts executed before 18 July 2022 - Petitioners should file refund claims before respondent agitating grievance and same be examined and orders passed within 4 months: HC Italy imposes USD 10 mn fine on Amazon for unfair business practices GST - Entire tax liability has been realised by appropriating the amount from the petitioner's bank account, therefore, Revenue interest stands fully secured - Since tax proposal was confirmed without participation of petitioner, order set aside and matter remanded: HC Caste Census is my mission, says Rahul 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 to send military aid package worth USD 619 mn to Ukraine US regulator bans non-compete agreements by employees Air India, Nippon Airways join hands for travel between India and Japan SC grills Baba Ramdev & Balkrishna in misleading ad case


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Ahmedabad, April 02, 2016 CX - Authorities of recipient of input/input service credit are not competent to adjudicate ISD invoice but it is jurisdictional officer of Input Service Distributor - Matter remanded: CESTAT

Mumbai, April 01, 2016 CX - Officers should inculcate in them a habit of following and implementing binding Division Bench judgments - If they are reluctant, Court would visit them with individual penalties, including forfeiture of their salaries until they take a corrective action: HC

New Delhi, April 01, 2016 Cus - In absence of any provision in Customs Act that permits 'detention' of goods, Court has to proceed on basis that what was effected was a 'seizure' of Nepalese currency - since no SCN was given within six months, inevitable consequence is that seized goods shall be returned: HC

New Delhi, April 01, 2016 I-T - Whether if assessee was having sufficient non-interest bearing funds contributed by shareholders and immediate source of loan to Director was sale proceeds of industrial plot, there can be any nexus between borrowings and advances made to Director - NO: ITAT

Mumbai, April 01, 2016 CX - Dispute involved is of an amount less than Rs 10 lakhs while EA-3 Form wrongly mentioned same as Rs.99,41,351 - in view of new litigation policy dated 17.12.2015 revising monetary limits for filing appeal, Revenue's appeal dismissed: CESTAT

New Delhi, March 31, 2016 Central Excise - Valuation - Whether concept of 'Transaction Value' makes any material departure from deemed normal price concept of erstwhile Section 4(1)(a) of Act - Matter to be referred to Larger Bench: Supreme Court

New Delhi, March 31, 2016 Cus - SCN does not mention S.28 even in passing - SCN does not mention as to under what provisions of law interest was sought to be recovered although impugned order confirms interest u/s 28AB - Interest demand set aside: CESTAT

Kolkata, March 31, 2016 I-T - Whether merely because lease arrangement is treated as finance lease for purpose of AS 19, lease rentals paid for vehicles is not to be allowed as revenue expenditure - NO: ITAT

Ahmedabad, March 31, 2016 CX - Assessee sought for separate registration for different units on 15.04.2005 but were given same only on 23.09.2009 - assessee cannot consider themselves as separate units earlier - utilization of CENVAT credit from a common pool cannot be objected to: CESTAT

New Delhi, March 30, 2016 I-T - Services provided by Stock Exchange to its members like screen based transaction & constant upgradation of services, would qualify as 'technical services', when there is no exclusivity in such services and are available to all members - NO: Supreme Court

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April 24, 2024

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