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Israel-Iran War: A close shave for Global Economy but for how long?I-T - If income from stock-in-trade are held as investments, then provisions of section 14A would apply to such income: ITAT TRAI recommends on Infra Sharing, Spectrum Sharing & Spectrum Leasing I-T- Revisionary powers u/s 263 can't be exercised when AO has neither assumed facts incorrectly nor there is incorrect application of law : ITAT Technology Board okays funding of Dhruva Space's Solar Array Project I-T- Issue of interest is debatable issue on which two views are possible and AO accepted one of views for which PCIT cannot assume revisional jurisdiction: ITAT Health Secy visits Bilthoven Biologicals, discusses production of Polio Vaccine I-T - Estimation of profit element from purchases should be done reasonably if assessee could not conclusively prove that purchases made are from parties as claimed, in absence of confirmations from them: ITAT Study finds Coca-Cola accounts for 11% of branded plastic pollution worldwide I-T- Triplex flats purchased are interconnected and can be considered as 'a residential unit'' as per definition of section 54F of Act : ITAT Delhi HC says conspiracy against PM is a crime against State I-T- AO omitted to probe issue of cash payments made over specified limit; revisionary power u/s 263 is rightly exercised: ITAT Brazil makes new rules to streamline consumption taxes I-T-Power of revision unnecessarily exercised where AO had no scope to examine creditworthiness & genuineness of assessee's creditors: ITAT Biden signs rules mandating airlines to give automatic refunds for delayed or cancelled flights I-T-As per settled law, in absence of enabling powers, no disallowance can be made : ITAT BYD trying to redefine luxury for new EV variants GST - On the one hand, the order states registration is liable to be cancelled retrospectively and on the other hand mentions that there are no dues - Order modified: HC Israel finally moving ahead with Rafah Operations GST - Registration cancelled retrospectively on ground that physical verification revealed that the firm was non-existent - Petitioner had informed that they shifted business and had sought cancellation of registration - Order cancelling registration modified: HC Norway oil major boss says Europeans are not hard-working as compared to Americans GST - Since registration was cancelled, petitioner could not access portal and view the SCNs and file replies - Order set aside and matter remitted: HC Jio turns world’s top telco in terms of data traffic GST - Reply filed is a detailed one and if the proper officer was of the view that the same was unsatisfactory, he should have specifically sought further details - Matter is remitted: HC Gadkari faints during campaign; Heat takes toll on his health GST - SCN does not put petitioner to notice that the registration is liable to be cancelled retrospectively - Order set aside and registration restored: HC SC asks EC to submit more info on reliability of EVMs GST - Non-application of mind - Proper officer has merely observed that the reply filed is unclear and unsatisfactory and, therefore, the demand is confirmed - Matter remitted for re-adjudication: HC Italy imposes USD 10 mn fine on Amazon for unfair business practices Commercial Tax - Judgment of High Court is in jeopardy once appeal is entertained by Supreme Court - Appeals shall remain pending before the Appellate Board, Bench at Indore, till the issue is decided by Apex Court: HC US warns Pak of punitive sanctions against trade deal with Iran ST - As the job-work undertaken by appellant amounts to manufacture, service tax cannot be levied on them under both Heads 'Business Auxiliary Service' and 'Business Support Service': CESTAT Right to Sleep - A Legal lullaby CX - Existence of corroborative evidence is essential in order to establish clandestine removal of goods and same cannot be merely based on assumptions and presumptions: CESTAT


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Mumbai, September 30, 2015 CX - Refund - Condition (h) of Notfn 5/2006 - failure to debit on date of filing refund claim is not such a lapse that it would debar appellants from refund: CESTAT

New Delhi, September 30, 2015 CX - Cement used for treating hazardous effluent 'Jarosite' before dumping it as landfill - CENVAT credit is admissible: CESTAT

Mumbai, September 29, 2015 ST - Club or Association service - Habituated to tax on tangible goods, concept of tax on services may not be easily appreciated for very reason of its intangibility - provision of service is not perceptible as quid pro quo for payment of entrance fees: CESTAT

Kolkata, September 29, 2015 I-T - Whether when parting of technical knowhow was linked to providing aid to transferee in installation and commissioning of plant, assessee is to be faulted with for claiming transfer of knowhow as independent transaction - YES: HC

Mumbai, September 29, 2015 Cus - Even if there are no machinery provisions in Sec 3(2) of CTA and Sec 4A(4), it cannot be concluded that Sec 3(2) will become ineffective & law rendered otiose - demand for period prior to 01.03.2008 sustainable: CESTAT

Mumbai, September 29, 2015 ST - Appellant undertakes ad campaign for Ministry of Tourism in print & electronic media & outdoor hoardings overseas - Media costs incurred beyond territorial waters of India is not includible in taxable value: CESTAT

Chennai, September 29, 2015 SFI Scheme - Exemption under Notifn 92/2004 is not admissible for import of restricted goods - Plea that at time of issuing license, there was no Policy Restriction is not valid - Provisions at time of import are relevant - CESTAT upholds demand against Airports Authority

New Delhi, September 28, 2015 ST - Commercial Training & Coaching Services - Even after demand was confirmed and issue no longer remained res integra appellant did not remit tax demand which clearly shows that failure to remit ST was not because of any reasonable cause - s.80 benefit not available: CESTAT

Mumbai, September 28, 2015 Cus - Target Plus Scheme - Para 4A.18 of FTP does not envisage any kind of manufacturing or processing to achieve value addition - It would be unfair to reject FOB value on criteria which is not prescribed by law: CESTAT

Kolkata, September 28, 2015 I-T - Whether payment of roaming charges to other service providers can be considered as 'rent', within ambit of TDS provision u/s 194I - NO: ITAT

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