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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 04, 2015 CX - HR Trimmings sold in online auction to brokers - Invoices prepared in name of Silver Ispat, knowing fully well that goods were consigned to Viramgam based bidder and are being used by SSI units situated there who do not avail CENVAT credit - Penalty imposable: CESTAT

Mumbai, August 03, 2015 Cus - Tartaric Acid and Ascorbic Acid are food additives that are permitted to be added to wines - Statutory authorities should act in manner that is fair, so that it encourages foreign investment which ultimately leads to economic growth: HC

New Delhi, August 03, 2015 CX - Deemed Credit - When deemed credit is allowed as per notification, payment of duty is not mandated - Assistant Commissioner's order upheld: SC

Hyderabad, August 03, 2015 Income tax - Whether HUF can be treated as a 'relative' under provisions of sec 56(2) for purpose of receiving gift and assessee-individual can claim exemption for such gift - YES: ITAT

New Delhi, August 02, 2015 Black marketing of subsidized Kerosene - Leakage surpasses 40% mark: Govt

Mumbai, August 02, 2015 ST - Appeal is dismissed only on ground that amount i.e Rs 47,590 is below threshold limit of Rs 50,000 - mentioned in s 35B of CEA, 1944 without going into merit of case: CESTAT

New Delhi, August 01, 2015 CX - Valuation - Transaction Value - whether transportation and insurance cost to be included in value - What is to be determined is 'place of removal' and that depends on facts of each case; - perfunctory manner in which appeal of assessee is allowed by Tribunal, cannot be countenanced: Supreme Court

New Delhi, August 01, 2015 Customs - Exempted Imports - Export Obligation - Even if DGFT holds that export obligation is fulfilled, it is not binding on Customs: Supreme Court

Mumbai, August 01, 2015 Cus - There is no provision for filing ROM application against order of Tribunal deciding ROM application - Application not maintainable, hence dismissed: CESTAT

Mumbai, July 31, 2015 ST - Appellant collects toll & deposits same with NHAI and either retains part of sum which was collected as toll or gets fixed amount by NHAI - collection of toll is not to be considered as BAS provided to NHAI: CESTAT

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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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