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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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Mumbai, July 27, 2015 I-T - Whether if during search in assessee's premises, a locker key of another assessee is seized, market value of jewellery stored in such locker is to be added in income of searched assessee as deemed income - YES: HC

Bangalore, July 27, 2015 CENVAT Credit on outward transport after 01.04.2008 - Credit is admissible in case of FOR destination sale - Amendment to CCRs, 2004 with effect from 01.04.2008 does not alter admissibility - HC sets aside order of Tribunal

Geneva, July 26, 2015 WTO expresses concern over growing list of trade-restrictive measures

New Delhi, July 26, 2015 Cruise Shipping Policy gives major boost to Cruise Tourism

New Delhi, July 25, 2015 SEBI detection of money laundering through scrips a follow-up action of SIT recommendations

New Delhi, July 25, 2015 Mauritius, Singapore continue to be routes for more than 50% of FDI inflows in India

Geneva, July 24, 2015 WTO Members cork historic USD 1.3 trillion information technology trade deal

Mumbai, July 24, 2015 Cus - HC expresses anguish - Quashes SCN lying un-adjudicated for 17 years - Petitioner can apply for refund of Rs 2 Cr, deposited under protest in 1996, with interest - Secretary in MoF to initiate proceedings so that all guilty of causing loss to public exchequer are brought to book: HC

Chennai, July 24, 2015 Cus - Non-implementation of orders of HC - Exemplary cost of Rs 1,00,000 imposed on department - HC grants liberty to recover it from officers responsible

Mumbai, July 24, 2015 ST - Interpretation of Revenue that there is no manufacture involved as defined u/s 2(f) and, therefore, ST is payable under BAS is totally incorrect inasmuch as medicines containing alcohol are 'manufactured' by appellants as per provisions of Drugs and Cosmetics Act: CESTAT

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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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