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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 CX - Appellant has regularly filed statutory returns on monthly basis and the fact of clearance of goods and availment of credit was duly reflected in returns but same has not been examined by authorities below, impugned order is not sustainable: CESTAT 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 1st phase polling - Close to 60% voter turnout recorded Ministry of Law to organise Conference on Criminal Justice System tomorrow GST - To effectively contest the demand and provide an opportunity to petitioner to place all relevant documents, matter remanded but by protecting revenue interest: HC Govt appoints New Directors for 6 IITs Nexus between Election Manifesto and Budget 2024 in July!Israel launches missile attack on Iran EC holds Video-Conference with over 250 Observers of Phase 2 polls


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Bengaluru, April 18, 2019 I-T - If assessee undertakes certain activities with intent to make profit it attracts proviso to Sec 2(15): ITAT

Bengaluru, April 17, 2019 I-T - Repetitive applications for rectification u/s 254(2) are not permissible: HC

Mumbai, April 16, 2019 I-T - Disallowance u/s 14A is to be restricted to extent investment expenditure exceeds interest-free funds: HC

Ahmedabad, April 15, 2019 I-T - Expenses incurred wholly and exclusively in connection with transfer of assets is eligible for deduction u/s 48: ITAT

New Delhi, April 13, 2019 Benami Act - Financial assistance given by father to sons for purchase of property does not per se render such transaction as benami: SC

New Delhi, April 13, 2019 Finance Act, 2017 - Issue of political funding even through Electoral Bonds requires detailed examination as it impacts sanctity of electoral process: SC

Mumbai, April 13, 2019 CX - Capping of CENVAT Credit on Inputs cleared by EOU - Rules 3(4) &3(6) of CCR are not mutually exclusive; 3(6) would apply even where inputs had been received u/r 3(4): High Court

Ahmedabad, April 12, 2019 I-T - Expenditure not made by taxpayer but merely routed to him through banking channel, does not merit to be debited to his P&L Account: HC

Mumbai, April 12, 2019 CX - A litigant against State should not ever doubt that odds are stacked against him by ganging up of very institutions of State: CESTAT

Mumbai, April 11, 2019 I-T - It's not proper for Revenue to go on provisionally attaching bank account for recovery of tax & interest if their interest stands protected on attachment of immovable property: HC

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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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