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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 GST - Without considering the reply on merits, proper officer, without applying his mind has held that the reply is filed is unsatisfactory and, therefore, he is left with no alternative but to create demand - Order set aside and matter remitted: 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-CTR - Work contracts executed before 18 July 2022 - Petitioners should file refund claims before respondent authorities agitating their grievance and the same be examined and orders passed within four 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’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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Chennai, January 21, 2016 I-T - Whether onus to prove allowability of commission paid to agents lies on assessee even if assessee proves authenticity of payment by furnishing documents - YES: HC

Patna, January 21, 2016 Cus - Res judicata - Petitioner cannot be allowed to re-agitate same issue in different manner especially when seized goods have already been disposed of by auction sale & writ, appeal, SLP and review applications have been dismissed - Cost imposed: HC

Chennai, January 20, 2016 LCD/LED Monitors with brand name meant for sale to brand owners are eligible for MRP assessment: CESTAT

Mumbai, January 20, 2016 ST - BOB is not paying subscription but are paying towards actual quantum of services received from SWIFT - it is clear that transaction between Bank and SWIFT is purely a business transaction - services are clearly covered under BOFS & ST is payable: CESTAT

New Delhi, January 20, 2016 I-T - Whether disallowance of interest expenditure u/s 14A can be made on proportionate basis even if there is no fresh investment towards domestic companies - NO: ITAT

Mumbai, January 20, 2016 ST - SMS termination service - since there was no contract requiring a service receiver to make any payment, point of taxation is to be determined in terms of clause (a) of Rule 6 of POTR, 2011 - demand letters complied with substantive provisions of Rule 4A of STR and, therefore, are to be considered as invoices: CESTAT

Mumbai, January 20, 2016 CX - Rent charged to buyers for cylinders beyond free loan period & compensation received for lost cylinders are not includible in Transaction value of Industrial gases manufactured & cleared: CESTAT

New Delhi, January 19, 2016 To incentivise 'Make in India' Govt hikes rate of Basic Customs Duty & withdraws SAD exemption granted to certain medical devices

New Delhi, January 19, 2016 I-T - Whether contractual receipts received by an assessee being owner of a house property after deducting TDS as per maintenance agreement, can be treated as rental income in hands of assessee - NO: HC

Mumbai, January 19, 2016 ST - Board did not want to tax amounts recovered by an ISP for inter-connectivity services - Such a stated stand cannot be overlooked by adjudicating authority who is functioning under Board : CESTAT

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