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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 - Penalty that could be imposed for smuggling 3.2 kg of gold was Rs.88.40 lakhs, being the value of gold, but what is imposed is Rs.10 lakhs - Penalty not at all disproportionate: 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 Honda to set up USD 11 bn EV plant in Canada Imran Khan banned from flaying State Institutions I-T - Income from sale of flats cannot be computed in assessee's hands, where legal possession of flats had not been handed over to buyers in that particular AY: ITAT Pro-Palestine demonstration spreads across US universities; 100 arrested I-T - Investment activities in venture capital which are not covered in negative list under Schedule III to SEBI Regulations, qualifies for deduction u/s 10(23FB): ITAT NATO asks China to stop backing Russia if keen to forge close ties with West NY top court quashes conviction of Harvey Weinstein in rape case


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Amritsar, June 16, 2015 Income tax - Whether when payment is made on account of legal obligation, it does not trigger provisions of Sec 194C - YES: ITAT

Allahabad, June 16, 2015 Mandatory pre-deposit of fixed percentage of duty & penalty - Amended provisions of Section 35F of Central Excise Act, 1944 do not apply for appeals filed and pending as on date of amendment: High Court

Mumbai, June 16, 2015 ST - Irrespective of fact whether activity is classified as 'port service' or as 'Cargo handling' service, stated policy of government is to exempt exports from levy of any tax: CESTAT

Mumbai, June 15, 2015 ST - When respondent's appeal was decided by setting aside extended period of limitation and holding that this could be issue of interpretation, question of confiscation of CENVAtted capital goods does not arise: CESTAT

Mumbai, June 15, 2015 ST - Appellants are tele infrastructure providers and pay ST under BSS - Towers are leased to various Cos - credit of tax paid on capital goods & input services for erecting Towers is admissible as credit: CESTAT

Tripura, June 15, 2015 VAT - Whether while conducting seismic survey assessee can be said to be engaged in works contract, even if there is no stipulation regarding transfer of goods or rights to use such property in contract - NO: HC

Kolkata, June 15, 2015 ST - Banking & other Financial services - All issues remanded to Adjudicating Authority to examine documents and to determine taxability and quantification: CESTAT

Mumbai, June 15, 2015 CX - Valuation - 40 year old matter - while determining AV in respect of captively consumed goods, proper officer has to make reasonable adjustments taking into consideration all relevant factors - Matter remanded: CESTAT

Mumbai, June 14, 2015 ST - Factual errors rectified in ROM application proceedings - in entire final order where assessee has been referred as 'appellant' be now referred as 'respondent' : CESTAT

Mumbai, June 13, 2015 Cus - As adjudicating authority had already passed order in remand consequent upon Revenue's appeal before Tribunal, when appeal of importer came up before CESTAT matter could not have been remanded again: CESTAT

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April 26, 2024

I-T - Assessee cannot be prevented from claiming that receipts from sale of software were wrongly offered as royalty, merely because such income was wrongly offered in ROI and which was not revised: ITAT

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