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Farmers squat on railway tracks; 54 Amritsar-route trains cancelled 4 killed & 19 hurt as truck bangs into tractor-trolley Musk defers India’s trip citing heavy Tesla obligations India needs to design legislative pills to euthanise tax-induced expatriation!I-T- Exercise of jurisdiction u/s 263 is invalid if AO has taken particular view, which though, may not be only view, but certainly can be possible view : ITAT Torrential rains cause havoc in Pakistan; 87 killed I-T- Additions framed on account of unexplained money upheld as assessee was unable to prove source of cash deposited in assessee's bank account : ITAT US imposes sanctions on 3 Chinese firms and one from Belarus for transfering missile tech to Pakistan Dubai terribly water-logged as it has no storm drains ST - When services are received from separate source & accounted separately in separate ledgers, there cannot be any question of clubbing them under one category: CESTAT EU online content rules tightened against adult content firms Cus - The continuous suspension of license of Customs Broker without either conducting an inquiry or issuing a notice for revocation of license or imposition of penalty is bad in law and needs to be set aside: CESTAT EV market cools off in US; Ford, GM eyeing gas-powered trucks Apple China tosses out WhatsApp & Threads from App store after being ordered China announces launch of new military cyber corps Railways operates record number of additional Trains in Summer Season 2024 GST - Assessing officer took into account the evidence placed on record and drew conclusions - Bench is, therefore, of the view that petitioner should present a statutory appeal: HC Nexus between Election Manifesto and Budget 2024 in July!


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New Delhi, December 23, 2015 Cus - In appeals filed by Revenue in 2007, Custom officers were not impleaded - Revenue's applications in 2012 for impleadment of officers as necessary parties tantamount to filing of fresh appeals - such inordinate delay cannot be condoned: CESTAT

New Delhi, December 23, 2015 I-T - Whether when assessee fails to explain use of cash disclosed for intervening period, such assessee is to be denied benefit of surrender made during search - YES: ITAT

Mumbai, December 23, 2015 CX - SSI exemption - Brand name - If Revenue wanted to deny exemption on ground that brand name is of another person, they must prove case & respondent cannot be asked to prove that brand name does not belong to any other person: CESTAT

New Delhi, December 22, 2015 I-T - Whether compensation received on termination of JV agreement can be said to be in nature of capital receipt, where pursuant to termination, assessee�s income earning apparatus was impaired and its source of income got sterilised - YES: HC

Mumbai, December 22, 2015 ST - Advance not received towards taxable service - it is customer's obligation as his part of commitment between two parties to honour contract - If tax were also to be demanded separately on advance received, it would be double taxation: CESTAT

Mumbai, December 22, 2015 I-T - Whether if assessee had only leasehold rights for a long time, he can be treated as owner of property so as to compute capital gains by adopting market value as per provisions of Sec 50C - NO: ITAT

Mumbai, December 22, 2015 Cus - Whether Optical Fibre Cables used in Telecommunication are classifiable under CTH 8544 and exempted under Notif. 24/2005 or are classifiable under CTH 9001 leviable to BCD @ 10% - Matter referred for constitution of Larger Bench: CESTAT

Chennai, December 21, 2015 Customs Brokers Regulations 2013 - 90 days time period to issue notice under Regulation 20 is mandatory - Not directory - HC quashes SCNs issued beyond 90 days

Mumbai, December 21, 2015 ST - Revenue has not justified as to how service is 'performed partly in India' - to us, service of calibration testing of Vacuum Interrupters in Netherlands is to be considered as performed outside India - ST not payable: CESTAT

Mumbai, December 21, 2015 I-T - Whether merely because assessee partly outsourced its gold jewellery activities, it would fall outside ambit of 'manufacturing' for purpose of Sec 10B - NO: ITAT

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Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

April 19, 2024

I-T- Onus of establishing receipt of services from Associated Enterprise has to be discharged on year to year basis by assessee company: ITAT

April 19, 2024

DTAA - Payment received on account of subscription, professional and training services cannot be deemed to be Fees for Technical service and be taxed as Royalty, where no technical know-how is made available: ITAT

April 19, 2024

Companies Act - Charges of professional misconduct in SCN are proved for which monetary penalty can be imposed : NFRA

April 19, 2024

PMLA - Application for anticipatory bail can be rejected as there is failure on part of applicant to appear before trial Court despite service of bailable warrant : HC

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