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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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New Delhi, October 27, 2015 I-T - Whether to make assessment u/s 143(3) it is mandatory to service Sec 143(2) notice only after return filed is actually scrutinised - YES: HC

Mumbai, October 27, 2015 CENVAT - Rule 3(7)(a) - Notifn 23/2003 does not reduce rate of basic customs duty but quantum is reduced by 75% - term BCD in second proviso implies basic custom duty applicable on goods by normal importer from abroad - Credit correctly taken: CESTAT

Mumbai, October 27, 2015 ST - Revenue cannot argue against Board's circular - Activity of preparing vegetables by cleaning, boiling and freezing same and subsequently packing it in unit packs is in relation to agriculture, hence appellant is not liable to ST: CESTAT

Mumbai, October 26, 2015 ST - Rule 5 - Computer software recorded on media are 'goods' as held in TCS case - appellant provided services of maintenance or repair and accordingly entitled to refund, services being admittedly exported: CESTAT by Majority

Ahmedabad, October 26, 2015 ST - Commercial Coaching - Appellant engaged in running Coaching Classes for students of CA examination cannot be treated as vocational training institute - clubbing of income of relatives is unacceptable: CESTAT

Bangalore, October 26, 2015 I-T - Whether when there is neither quantification of sum payable nor any actual payment is made, it would still be fair to burden assessee with obligation to deduct tax at source - NO: HC

Mumbai, October 26, 2015 CX - Perfunctory manner of disposal of appeal on two occasions and in absence of petitioner and its advocates does not sub-serve larger interest of justice - Matter remanded to Tribunal: HC

Paris, October 25, 2015 OECD organises regional workshop on implementation of BEPS in Eurasia

New Delhi, October 24, 2015 CBEC substantially hikes monetary limits for arrest; No prosecution against Directors of Public Limited Cos and in cases of technical nature

Mumbai, October 24, 2015 ST - Appointment of Special Counsel by Revenue - Tribunal expresses anguish as Commissioner did not take any action for appointing Counsel although matter was listed for an out-of-turn hearing but sought an adjournment at last minute

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

April 24, 2024

TP - Arm's length computation of corporate guarantees issued by assessee in favour of its AEs abroad taken at 1% which has been approved for earlier A.Ys, cannot be disturbed in absence of contrary: ITAT

April 24, 2024

I-T- DTAA does not get triggered at all when a domestic company pays DDT u/s 115-O of the Act : ITAT

April 24, 2024

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April 24, 2024

Competition Act - Informant has neither referred to any particular agreement nor provided any document which suggest existence of anti-competitive agreement : CCI

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