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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 I-T - Re-assessment is invalid where based only on a suspicion that income escaped assessment & where not based on concrete reasons to believe for commencing such proceedings : ITAT 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 Cus - When Department has not complied with time limit, the order issued for revocation of licence or order issued for continuation of suspension licence cannot sustain: CESTAT NY top court quashes conviction of Harvey Weinstein in rape case Weather prediction normal for phase 2 poll day IndiGo orders 30 Airbus A350s for long hauls ST - Appellant is an 'authorised medical practitioner' providing 'healthcare services' - services exempted in terms of clause 2(i) of notification 25/2012-ST: Commr(A)RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimes REC avails SACE-Covered Green Loan for 60.5 Billion Japanese Yen Study finds Coca-Cola accounts for 11% of branded plastic pollution worldwide Cus - 'Small Form-factor Pluggable Optical Transceivers' are classifiable under CTH 8517 7090 and not under CTH 8517 62 90 - entitled for benefit of duty concession under 57/2017-Cus: CESTAT DoNER discusses Development of Tourism in North East CX - Appellant is eligible for exemption under Notfn 12/2012-CE upon fulfilling all conditions stipulated therein, thus sufficiently establishing that goods dealt with by Appellants qualify for exemption: CESTAT


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New Delhi, October 05, 2018 I-T - Nature of payment in form of incentive given to sub-dealers, cannot be equated with commission paid to wholesale dealers by telcos as per Sec 194H: ITAT

Chennai, October 05, 2018 CX - Authorities have neither pleaded malafide nor suppression in SCN and acted belatedly against assessee - demand rightly set aside on ground of limitation : HC

Ahmedabad, October 04, 2018 I-T - Genuine claim of exemption from capital gains tax u/s 54F cannot be denied to assessee-HUF merely because sale deed was executed in name of member: HC

Ahmedabad, October 04, 2018 I-T - Reopening of assessment where no scrutiny was undertaken, cannot be said to be hit by principle of change of opinion: HC

Mumbai, October 04, 2018 ST - It is not as though confirmation of demand would ipso facto lead to penalty - S.80 of FA, 1994 provides for non-imposition of penalty if there is a reasonable cause: HC

Ahmedabad, October 04, 2018 I-T - Members of HUF are prohibited from individually pursuing remedies against same cause of action, once KARTA has initiated litigation and there is no allegation of misfeasance against Karta: HC

Chennai, October 04, 2018 Cus - Clerical error/accidental slip or omission, can be corrected at any time and on making such correction, consequential return of customs duty available: HC

New Delhi, October 03, 2018 GST - Clean Energy Cess - Compensation to States Act, 2017 not beyond legislative competence of Parliament: SC

Ahmedabad, October 03, 2018 GST - Time-limit in rule 117(1) of CGST not ultra vires - annihilating time limit would lead to utter economic chaos: HC

Mumbai, October 03, 2018 I-T - If a project fails to take off due to some reasons, investments made cannot be written off as bad debts: ITAT

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