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India-bound oil tanker struck by Houthi’s missiles in Red Sea RBI issues draft rules on digital lending CRPF senior official served notice of dismissal on charges of sexual harassment UN says clearing Gaza mounds of rubble to take 14 yrs Blinken says China trying to interfere US Presidential polls World Energy Congress 2024: IREDA CMD highlights need for Innovative Financing Solutions Voter turnout surpasses 50% by 4 PM in Phase 2 polls ST - Amendment made to FA, 1994 on 14.05.2015 making service tax applicable retrospectively on chit-fund business is only prospective - Refund payable of tax paid between 01.07.2012 to 13.05.2015: HC XI tells Blinken - China, US ought to be partners, not rivals ST - SVLDRS, 2019 - Amnesty Scheme, being of the nature of an exemption from the requirement to pay the actual tax due to the government, have to be considered strictly in favour of the revenue: HC CX - Issue involved is valuation of goods u/r 10A of CE Valuation Rules, 2000 - Appeal lies before Supreme Court: HC Cus - Smuggling - A person carrying any article on his belonging would be presumed to be aware of the contents of the articles being carried by him: HC Cus - Keeping in mind the balance of convenience and irreparable injury which may be caused to Revenue, importer to continue indemnity bond of 115 crore and possession of confiscated diamonds to remain with department: HC Cus - OIA was passed in October 2022 remanding the matter to adjudicating authority but matter not yet disposed of - Six weeks' time granted to dispose proceedings: HC I-T - High Court need not intervene in matter involving factual issues; petitioner may utilise option of appeal: HC China asks Blinken to select between cooperation or confrontation I-T - Unexplained cash credit - additions u/s 68 unsustainable where based on conjecture & surmise alone: ITAT


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New Delhi, October 12, 2018 ST - It is not appropriate and proper to examine validity and vires of statutory provisions that are no longer in operation and no proceedings are pending : HC

Mumbai, October 11, 2018 I-T - Legal charges paid for registration with European Regulatory Authority which enables marketing of products, is an expense of Revenue nature: ITAT

Bangalore, October 11, 2018 ST - If it were case of appellant that service rendered was to themselves, there was no need whatsoever for M/s UML to pay appellants for Operation & Maintenance charges: CESTAT

New Delhi, October 10, 2018 I-T - Succession to estate of ex-ruler is to be governed by general law of succession and thus, to be assessed as 'HUF': HC

Bangalore, October 10, 2018 CX - Tax gatherers, though expected to protect interest of Revenue, are at same time bound in law to act fairly and in accordance with law - misuse of power - costs imposed: HC

Jaipur, October 10, 2018 I-T - TDS liability does not arise at time of vesting of ESOP with employees but only when employees exercise option and shares are allotted to them: ITAT

New Delhi, October 09, 2018 GST - Anti-profiteering - Respondent has no liberty to arbitrarily decide in respect of which products he would pass on benefit: NAA

Chennai, October 09, 2018 I-T - Reasons for reassessment u/s 147 may also include AO's own omission or default, however, same must be completed before expiry of period of limitation of 4 years: HC

Mumbai, October 09, 2018 I-T - If assessee is substantial shareholder, holding more than 10% of shares of lending as well as borrowing companies, advance involved can be treated as deemed dividend u/s 2(22)(e): HC

Chennai, October 09, 2018 ST - Club or Association Service - Interest on instalment is only a financial arrangement for deferred payment and is not a taxable entity as it cannot partake character of consideration for services provided: CESTAT

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