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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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Ahmedabad, April 28, 2015 CX - Entire case was made out on basis of pre-drafted statements of buyers and computer printouts - Investigating officers have failed to comply with conditions of S.36B of CEA, 1944 - there is no adequate material available on record to establish clandestine removal of goods-appeals allowed: CESTAT

Chennai, April 27, 2015 Doctrine of unjust enrichment is not applicable to State Govt undertakings - High Court reverses Tribunal decision

Ahmedabad, April 27, 2015 Income tax - Whether when subsidy is not for buying capital assets and same was received after commencement of production it is to be construed as revenue receipt - YES: HC

New Delhi, April 27, 2015 Cus - Appellant cannot pick line here and line there, out of context and impute motive, which reading of whole document does not disclose - Appeal dismissed: High Court

New Delhi, April 26, 2015 India has pre-requisites for building advantage in services but regulations act as a barrier: FM

Kolkata, April 26, 2015 ST - Taxable services relating to transmission of electricity are exempted by s.11C notification 45/2010-ST -Board has clarified that notification would apply to all pending cases - Demand set aside and appeal allowed: CESTAT

New Delhi, April 25, 2015 225 NDRF rescue workers dispatched to assist States hit by Nepal quake

New Delhi, April 25, 2015 Sales tax - Whether when key activity of assessee is not business then any incidental transaction would amount to business only if an independent intention to carry on business is established - YES: Supreme Court

New Delhi, April 25, 2015 CX - Classification - pontoons - Tribunal held that product is not marketable and, therefore, would not attract any excise duty - This issue was not raised in reply to SCN - Tribunal to give speaking order - Matter remanded: Supreme Court

Mumbai, April 24, 2015 I-T - Whether mere lumpsum payment in relation to lease rent and maintenance of a pipeline, is required to be apportioned over entire period of lease, for claiming deduction on the same - NO: HC

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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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