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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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Mumbai, March 17, 2016 I-T - Whether tax arrears from sick companies that satisfy conditions u/s 22(1) of SICA are not to be recovered by coercive method unless BIFR gives consent for same - YES: HC

Mumbai, March 17, 2016 ST - In absence of statutory provision which prescribes that registration is mandatory and that if such a registration is not taken, assessee is not entitled to benefit of refund is a ground which is not existence in law & hence erroneous: CESTAT

Mumbai, March 16, 2016 ST - Common input services - although Explanation inserted in Rule 2(e) of CCR, 2004 clarifying that trading is exempt service is prospective in nature, yet portion of tax paid on 'Input services' that was not attributable to 'output services' cannot be allowed to be availed: CESTAT

Mumbai, March 16, 2016 Cus - When Petitioners have admitted that they had manufactured goods & exported them in terms of sub-Rule (2) of Rule 19 of CER, 2002, question of admitting claim towards customs allocation drawback is not at all justified: HC

Kolkata, March 16, 2016 I-T - Whether where addressee of a Sec 148 notice has failed to question AO's jurisdiction within stipulated time, provisions of Sec 124(3)(b) take away addressee's right to question AO's authority - YES: HC

Chennai, March 16, 2016 Royalty received by Port for development of Berth on BOT basis is taxable under Port Service : CESTAT

New Delhi, March 16, 2016 Anti-dumping is not attracted on 32W CFL U tube made out of a combination of 4X2-U tubes joined to form a single

Mumbai, March 15, 2016 CX - Rule 57S - MODVATTED capital goods removed from factory without installation and without putting to use by treating as scrap - Paying duty on Transaction Value will not suffice & Credit reversal is warranted - Appeal dismissed: CESTAT

Mumbai, March 15, 2016 ST - Jurisdiction of FA, 1994 cannot be decided by Taxation of Services (Provided from Outside India and Received in India) Rules, 2006 Rules - What is introduced in Not 14/2010-ST and in Statute in 2012 cannot be given retrospective effect: CESTAT

New Delhi, March 15, 2016 Cus - ADD - Section 12 has no applicability or relevance to levy of anti-dumping duty which is levied in terms of Sec 9A of Customs Tariff Act, 1975: CESTAT

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