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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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New Delhi, July 16, 2015 ST - Mere non-mention of particular clause of definition in SCN when definition is so graphically clear could in no way jeopardise appellant's ability to defend itself - Demand upheld: CESTAT

New Delhi, July 16, 2015 Income tax - Whether, to avail deduction u/s 80I, profits of marketing division can be treated as part of overall profits with respect to industrial undertaking eligible for such deduction - YES: HC

New Delhi, July 16, 2015 CX - 'Anmol' Coconut oil sold in packing of 200 ml or less - Duty paid under protest by adopting classification as Hair Oil (33.05) - Judgment of Tribunal in case of Capital Technologies classifying goods under 1513 @Nil rate of Tariff is binding precedent - Matter remanded to verify unjust enrichment: CESTAT

New Delhi, July 15, 2015 ST - Management and Maintenance of parks and roadside plantation - Taxable w.e.f. 01.05.2006 - appellant guilty of suppression - Benefit of notfn. 12/2003-ST available - Matter remanded: CESTAT

Chennai, July 15, 2015 Mandatory pre-deposit of 7.5% under amended Sec 35F - Not applicable to assessments prior to amendment - Madras HC allows Petitioner to file appeal and stay application without any deposit

Mumbai, July 15, 2015 COFEPOSA - One word or sentence from detention order cannot be picked up and read in isolation or torn out of context - subjective satisfaction is based on detaining authority's opinion that it is necessary to detain detenu so as to prevent him from indulging in smuggling in future: HC

Bangalore, July 15, 2015 ST - Action under Sec 87 before adjudication of SCN is like putting cart before horse - Recovery notices under Sec 87 quashed and department directed to remit amount recovered in respective accounts: High Court

Chennai, July 14, 2015 Fixed Facility Charges collected in relation to supply of Industrial gases - Whether Service Tax payable under 'supply of tangible goods for use' - Prima facie case for waiver of pre-deposit since applicant has discharged excise duty on value of FFC - Stay granted - Tribunal

Ahmedabad, July 14, 2015 I-T - Whether when assessee sells SIM cards to distributor, he is not paying any commission and in that case no income accrues or arises in hands of distributor - YES: ITAT

New Delhi, July 14, 2015 CX - Sugar Mill and co-generation plant situated across public road are connected through overhead conveyor - both units have to be treated as one factory - CENVAT of capital goods and services used for setting up power plant admissible: CESTAT

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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

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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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