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I-T - High Court need not intervene in matter involving factual issues; petitioner may utilise option of appeal: HC China asks Blinken to select between cooperation or confrontation I-T - Unexplained cash credit - additions u/s 68 unsustainable where based on conjecture & surmise alone: ITAT Honda to set up USD 11 bn EV plant in Canada I-T - Re-assessment is invalid where based only on a suspicion that income escaped assessment & where not based on concrete reasons to believe for commencing such proceedings : ITAT Imran Khan banned from flaying State Institutions I-T - Income from sale of flats cannot be computed in assessee's hands, where legal possession of flats had not been handed over to buyers in that particular AY: ITAT Pro-Palestine demonstration spreads across US universities; 100 arrested I-T - Investment activities in venture capital which are not covered in negative list under Schedule III to SEBI Regulations, qualifies for deduction u/s 10(23FB): ITAT NATO asks China to stop backing Russia if keen to forge close ties with West Cus - When Department has not complied with time limit, the order issued for revocation of licence or order issued for continuation of suspension licence cannot sustain: CESTAT NY top court quashes conviction of Harvey Weinstein in rape case Weather prediction normal for phase 2 poll day IndiGo orders 30 Airbus A350s for long hauls ST - Appellant is an 'authorised medical practitioner' providing 'healthcare services' - services exempted in terms of clause 2(i) of notification 25/2012-ST: Commr(A)RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimes REC avails SACE-Covered Green Loan for 60.5 Billion Japanese Yen Study finds Coca-Cola accounts for 11% of branded plastic pollution worldwide Cus - 'Small Form-factor Pluggable Optical Transceivers' are classifiable under CTH 8517 7090 and not under CTH 8517 62 90 - entitled for benefit of duty concession under 57/2017-Cus: CESTAT DoNER discusses Development of Tourism in North East CX - Appellant is eligible for exemption under Notfn 12/2012-CE upon fulfilling all conditions stipulated therein, thus sufficiently establishing that goods dealt with by Appellants qualify for exemption: CESTAT


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Chandigarh, December 17, 2015 I-T - Whether while computing interest u/s 234B, tax credit available u/s 115JAA is to be reduced from taxes payable - YES: HC

Ahmedabad, December 17, 2015 Cus - A consolidated appeal filed on 15.07.2014 against confirmation of CE & Cus duty - Registry insisting that separate appeal be filed - new s.129E warranting payment of 7.5% of duty not applicable as appeal must be seen as continuation of original proceedings: HC

Mumbai, December 17, 2015 CX - CCR, 2004 contains no restriction on distribution of credit earned prior to taking registration by ISD - Registration taken in Feb 2008 & invoices issued in respect of tax paid on input services received from April 2005 is proper - no cause for denial of credit: CESTAT

New Delhi, December 16, 2015 Union Cabinet approves new text for Model Bilateral Investment Treaty

New Delhi, December 16, 2015 CX- Valuation - Whether pre-delivery inspection charges (for short 'PDI') and after sales service charges (for short 'ASS') are to be included in assessable value? NO - CESTAT LB decision in Maruti Suzuki overruled: Supreme Court

Mumbai, December 16, 2015 I-T - Whether merely not receiving money in India can render assessee free, although documentary evidence seized during search raises a strong presumption that assessee held bank accounts in Switzerland and indulged in cross border transactions - NO: ITAT

Mumbai, December 16, 2015 ST - Respondent received Rs 7 Cr as commission from RBI for sale of bonds - Undoubtedly, no ST was paid on said amount & accordingly conclusion reached that entire amount needs to be considered as cum-tax amount is correct conclusion: CESTAT

Mumbai, December 16, 2015 CX - s.4 - Valuation - Amount received by appellant towards third party inspection charges undertaken at instance of buyer is not includable in transaction value: CESTAT

Mumbai, December 16, 2015 Cus - Certificate issued by SAI certifying that import is being made by Tennis Association - There is no doubt that AITA has used goods for tennis court to be used in international competitions - as conditions of notification 146/94 fulfilled, benefit is admissible: CESTAT

New Delhi, December 15, 2015 Govt makes PAN quoting mandatory for all transactions exceeding Rs two lakhs; hikes limits for many transactions from Jan 1, 2016

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April 26, 2024

I-T - Assessee cannot be prevented from claiming that receipts from sale of software were wrongly offered as royalty, merely because such income was wrongly offered in ROI and which was not revised: ITAT

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Trade Mark Act - Marks are visually phonetically and deceptively similar to Plaintiffs' trademarks : HC

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