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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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New Delhi, October 17, 2015 I-T - Whether deduction for interest on damages can be claimed as contractual liability even as matter is sub-judice - NO: ITAT Special Bench

New Delhi, October 17, 2015 CX - Simple printing is done on wrappers which are cut to size for purpose of wrapping biris - goods in question would fall under Item no. 4901.90 which attracts nil duty - it is not necessary to go into question whether process amounts to manufacture: SC

Mumbai, October 17, 2015 CX - s.4 - Customers insisting for third party inspection of PD pumps - Amounts paid to third party by assessee recovered from customers by raising debit notes - said amount has nothing to do with Transaction value: CESTAT

Mumbai, October 16, 2015 CX - It is very clear from s 35B(1) that if any of amount i.e. duty or fine involved in a particular case is less than Rs 50,000, Tribunal has discretion not to admit appeal - no cause to read 'or' as 'and' - ROM application dismissed: CESTAT

Chennai, October 16, 2015 Suppression of facts - Manufacture of scaffoldings - 'But for investigation by department' may not always work - Tribunal sets aside entire demand on limitation

Ernakulam, October 16, 2015 Cus - Warehoused edible oils - out of charge given before Tariff value Notification came into effect - No differential duty need be paid - CBEC Circular No 46/2001 is not in accordance with law and needs to be ignored: High Court

Chennai, October 16, 2015 I-T - Whether when re-assessment was initiated after obtaining proper sanction, mere non-mentioning of sanction in Sec 148 notice would be fatal to proceeding - NO: HC

Kolkata, October 16, 2015 CX - Valuation - Both, sachets and mono packs are capable of being sold in retail - neither appellant nor Revenue collected any opinion from Legal Metrology Department as to whether appellant would be required to affix MRP on sachets or on multi-piece packages or on both - Matter remanded: CESTAT

New Delhi, October 15, 2015 I-T - Whether when law makes no distinction between tangible and intangible assets, Intellectual Property Rights can be equated with plant & machinery, eligible for depreciation u/s 32 - YES: SC

Ahmedabad, October 15, 2015 CX - Process carried out by assessee amounts to manufacture - Impugned goods Guar Dal Powder would be classifiable under Heading 1301 - No extended period as there were contrary decisions : CESTAT Larger Bench

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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

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

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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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