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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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Mumbai, August 19, 2015 ST - Delay in passing adjudication order is against public interest - Sitting on files is not conducive to interest of economy - Remedial measures must be taken including calling for explanation from officers: HC

New Delhi, August 19, 2015 CX - Whether fatty acids & gum emerging as by-products during refining of crude veg oil are 'waste' & entitled to Nil duty rate as per Notifn 89/95 - conflicting judgments, hence matter referred to LB: CESTAT

Chennai, August 18, 2015 Coal classification - Madras High Court dismisses appeal by revenue against order referring matter to Larger Bench - Directs Tribunal to dispose of appeals within two months

Mumbai, August 18, 2015 I-T- Whether expenditure incurred for curing defect in title of vacant land to be used for business purpose in future is to be treated as revenue in nature - NO: HC

Mumbai, August 18, 2015 ST - Refund - In view of FEMA Notification, appellant's Bank have rightly received money in INR as RBI permits payment in rupee from account of Bank situated in any foreign country other than member country of Asian Clearing Union - Refund not deniable: CESTAT

Mumbai, August 18, 2015 Cus - We do not see why there should be difference of opinion on factual matters - By some meaningful discussion, continuous dialogue and by not demonstrating unnecessary haste, disagreements and dissents can be avoided: High Court

New Delhi, August 17, 2015 CX/CUS/ST - Tribunal has power to grant extension of stay beyond 365 days - DB decision in Haldiram India Pvt Ltd overruled: Delhi HC Larger Bench

New Delhi, August 17, 2015 Commission earned by Acquiring Banks from Merchant Establishments is not taxable as 'Service in relation to Credit Card services' prior to 01.05.2006 - CESTAT Larger Bench overrules order of ABN Amro Bank

New Delhi, August 17, 2015 I-T - Whether judgment is fit to be recalled by HC when it was given without framing substantial questions of law - YES: Supreme Court

Mumbai, August 17, 2015 Cus - Whether Doctrine of merger applies when Tribunal has become functus officio and has no jurisdiction to entertain application for restoration of appeal when condition of pre-deposit by HC not adhered to - Difference of opinion: CESTAT

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Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.

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April 2024 Edition

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

PMLA - Considering money trail and involvement of applicant in crime he is not entitled for anticipatory bail : HC

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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