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I-T- Denial of deduction u/s 80IC can create perception of genuine hardship, where claimant paid tax in excess of what was due; order denying deduction merits re-consideration: HC Israel launches missile attack on Iran EC holds Video-Conference with over 250 Observers of Phase 2 polls Germany disfavours Brazil’s proposal to tax super-rich I-T- If material found during search are not incriminating in nature AO can not made any addition u/s 153A in respect of unabated assessment: ITAT Govt appoints Dinesh Tripathi as New Navy Chief AFMS, IIT Kanpur to develop tech to address health problems of soldiers FBI sirens against Chinese hackers eyeing US infrastructure I-T - Interest earned on short term deposit out of borrowed funds during period prior to commencement of business, is totally foreign to business objects of assessee, and not eligible for set off: ITAT Kenya’s top military commanders perish in copter crash CBIC notifies Customs exchange rates w.e.f. April 19, 2024 Meta shares ‘Most Intelligent’ AI assistant built on Llama model ST - Service Tax paid in respect of export of services and cannot be subject to levy of Service Tax under Notfn 18/2009-ST, denial of exemption on procedural lapses cannot be sustained: CESTAT Dengue cases soaring in US - Close to ‘Emergency situation’: UN Agency Nexus between Election Manifesto and Budget 2024 in July!Half of China’s major cities sinking, reveals Study CX - The warranty service is eligible for credit though the same is provided after clearance of final products: CESTAT


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Mumbai, April 18, 2015 ST - BSS - Appellant has been funded by Central Govt as well as State Govt through MPCB for setting up Butibori CETP Plant - retrospective exemption granted by s.145 of FA, 2012 - Demand not sustainable in law: CESTAT

Mumbai, April 17, 2015 ST - s.77 - Failure to appear before CE officer when summons issued - Penalty of Rs. 200 per day is not in nature of mandatory - it is discretion of officer to reduce penalty depending upon nature of case - Revenue appeal dismissed: CESTAT

New Delhi, April 17, 2015 Income tax - Whether when assessee has multiple STPI units registered under single 'mother' licence, each STPI unit cannot be considered as separate undertaking for purpose of claiming section 10A deduction - YES: HC

Chandigarh, April 17, 2015 Pilferage of Heroin from Malkhana - High Court confirms sentence awarded by Trial Court to officers of NCB and dismisses their Revision

New Delhi, April 16, 2015 I-T - Foreign Bank A/c - Whether summon order passed on basis of criminal complaint is liable to be quashed, when Department had not disclosed vital information to Court which was received from assessee at time of filing complaint - YES: HC

Mumbai, April 16, 2015 CX - Rule 7 of Valuation Rules - price prevailing at depot from where goods are finally sold shall apply - When facts came to notice of Department in Jan, 2001, subsequent to that it cannot be said that there was suppression: CESTAT

Hyderabad, April 16, 2015 Service tax - Construction - Vivisection of roads, tunnels, dams permitted - Pre-deposit waived and stay granted

New Delhi, April 15, 2015 Central Excise - refunds - Unjust Enrichment principle applicable to capital goods captively consumed: Supreme Court

Mumbai, April 15, 2015 CX - Classification of Commander Vehicles, whether under heading 87.02 or 87.03 of CETA, 1985 - In absence of any expert opinion from ARAI or VRDE, Larger Bench handicapped in taking final view - Matter remanded: CESTAT

Mumbai, April 15, 2015 CENVAT - If excise duty paid on Tugs & Barges are not available as credit, it does not stand to reason that service tax paid on insuring these goods should be available as credit under CCR 2004: CESTAT

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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 19, 2024 | New Delhi

EC holds Video-Conference with over 250 Observers of Phase 2 polls

April 19, 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 19, 2024

I-T- Onus of establishing receipt of services from Associated Enterprise has to be discharged on year to year basis by assessee company: ITAT

April 19, 2024

DTAA - Payment received on account of subscription, professional and training services cannot be deemed to be Fees for Technical service and be taxed as Royalty, where no technical know-how is made available: ITAT

April 19, 2024

Companies Act - Charges of professional misconduct in SCN are proved for which monetary penalty can be imposed : NFRA

April 19, 2024

PMLA - Application for anticipatory bail can be rejected as there is failure on part of applicant to appear before trial Court despite service of bailable warrant : HC

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