News Update

Apple China tosses out WhatsApp & Threads from App store after being orderedChina announces launch of new military cyber corpsRailways operates record number of additional Trains in Summer Season 2024GST - 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: HC1st phase polling - Close to 60% voter turnout recordedGST - Tax liability was imposed because petitioner replied without annexing documents - It is just and appropriate that an opportunity be provided to contest tax demand on merits, albeit by putting petitioner on terms: HCMinistry of Law to organise Conference on Criminal Justice System tomorrowGST - To effectively contest the demand and provide an opportunity to petitioner to place all relevant documents, matter remanded but by protecting revenue interest: HCGovt appoints New Directors for 6 IITsGST - Petitioner has failed to avail opportunities granted repeatedly - Court cannot entertain request for remand as there has been no procedural impropriety and infraction of any provision by assessing authority: HCNexus between Election Manifesto and Budget 2024 in July!GST - Classification - Matter which had stood examined by Principal Commissioner is being treated differently by Additional Commissioner - Prima facie , approach appears to be perverse: HCI-T- Denial of deduction u/s 80IC can create perception of genuine hardship, where claimant paid tax in excess of what was due; order denying deduction merits re-consideration: HCIsrael launches missile attack on IranEC holds Video-Conference with over 250 Observers of Phase 2 pollsGermany disfavours Brazil’s proposal to tax super-richI-T- If material found during search are not incriminating in nature AO can not made any addition u/s 153A in respect of unabated assessment: ITATGovt appoints Dinesh Tripathi as New Navy ChiefAFMS, IIT Kanpur to develop tech to address health problems of soldiersFBI sirens against Chinese hackers eyeing US infrastructureKenya’s top military commanders perish in copter crashCBIC notifies Customs exchange rates w.e.f. April 19, 2024Meta shares ‘Most Intelligent’ AI assistant built on Llama modelDengue cases soaring in US - Close to ‘Emergency situation’: UN Agency
 
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Mumbai, July 22, 2015
Income tax - Whether in absence of any plausible explanation, delay can be condoned mechanically merely because Govt or wing of Government is party before Court - NO: High Court
 
Mumbai, July 22, 2015
ST - Notfn. 12/2013 - Once SEZ unit secures approval of 'Approval Committee' and furnishes declaration in Form A-1 verified by Specified Officer of SEZ, jurisdictional DC/AC is enjoined with duty to issue authorization in Form A-2 - WP allowed: High Court
 
New Delhi, July 21, 2015
ST / CX - Review Order - Decision rendered by Committee is an administrative function and would, therefore, not require members of Committee to consult and give independent reasons - Tribunal has no jurisdiction whatsoever to strike down a decision taken by Committee: HC Larger Bench
 
New Delhi, July 21, 2015
Can Tribunal condone delay in order passed by Committee of Chief Commissioners
 
Mumbai, July 21, 2015
ST - Rule 7C of STR, 1994 - During period 04/2008 to 03/2011, for delayed submision of return, maximum penalty that could be imposed u/s 70 was Rs.2,000/- - Since one return has been filed in time, penalty is liable only on five returns of Rs.10,000/- - imposition of penalty of Rs.1,01,500/- not sustainable: CESTAT
 
Madhya Pradesh, July 21, 2015
Income tax - Whether power bestowed on AO having jurisdiction under Ss 153C or 158BD is identical and when no incriminating material is seized during search, AO's action is invalid - YES: HC
 
Bangalore, July 21, 2015
Jurisdiction of High Court - Situs - Article 226 can be invoked even if fraction of cause of action arises with territorial jurisdiction of High court - Order of Single Judge set aside: High Court
 
Geneva, July 20, 2015
WTO Members about to wrap up pact on removal of duty on 200 more IT products worth USD 1 trillion annual trade
 
New Delhi, July 20, 2015
ST - Applicant is eligible to avail CENVAT Credit of ED that would be paid on pipes and valves procured from manufacturer against applicant's output ST liability for services in nature of 'Transport of gas through pipeline' provided invoice is issued by registered dealer: Advance Ruling
 
Mumbai, July 20, 2015
CX - Storage of goods outside factory - Revenue has no locus standi to insist upon assessee for expansion of factory space - If this is accepted then it is for every industry & Rule 4(4) will become redundant: CESTAT
 
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