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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, April 30, 2015 CX - manufacture - Transmission Assembly for tractors - excisable and dutiable - appeal allowed on limitation: Supreme Court

Mumbai, April 30, 2015 ST - Supply of drilling rig - Notfn 14/ 2010 cannot be said to be clarificatory - transaction is in nature of providing services by vessels for prospecting mineral oil & as such is service consumed by seabed in Continental Shelf & would come in tax net only after Notification came into effect: HC

Ahmedabad, April 30, 2015 I-T - Whether when method deployed by assessee for computation of capital gains was found to be wrong, it confers jurisdiction on AO to reopen assessment after four years - NO: HC

Mumbai, April 30, 2015 CX - Valuation - Merely because Legislature devises mode which reflects full commercial value it cannot be said that Rule 10A falls foul of mandate of Articles 14 and 19 of Constitution or travels beyond Ss 3 and 4: HC

Hyderabad, April 29, 2015 Service Tax Liability on irrigation projects undertaken on EPC/Turnkey mode - Whether liable for Service Tax under clause (e) of Work Contract definition - CESTAT Larger Bench Rules in favour of assessee

Bangalore, April 29, 2015 ST - While remanding matter, Tribunal can impose condition of pre-deposit - But such power has to be exercised only in judicious manner and not in an arbitrary manner - Order of Tribunal directing pre-deposit set aside: High Court

Bangalore, April 29, 2015 Income tax - Whether Sec 35AB gets attracted where sum incurred towards procurement of technical know-how is revenue in nature - NO: HC

Mumbai, April 29, 2015 CX - Co-appellant cannot be exonerated from penalty imposed u/r 26 of CER, 2002 even if main appellant has paid duty, interest and 25% of penalty in terms of proviso to Sec11A(2) - Immunity is available to only those persons to whom notice is issued u/s 11A(1): CESTAT

New Delhi, April 28, 2015 Customs - Appeal before Commissioner (Appeals) - Limitation - Time taken to pursue appeal in wrong forum to be excluded - Principles of Section 14 of Limitation Act applicable: Supreme Court

Bangalore, April 28, 2015 Income tax - Whether when assessee fails to establish that deferred revenue is actually declared as income in subsequent AYs, no fault can be attributed if AO resorts to reassessment - YES: HC

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Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.

April 24, 2024 | New Delhi

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April 2024 Edition

Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

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

I-T- DTAA does not get triggered at all when a domestic company pays DDT u/s 115-O of the Act : ITAT

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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