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Musk defers India’s trip citing heavy Tesla obligations India needs to design legislative pills to euthanise tax-induced expatriation!I-T- Exercise of jurisdiction u/s 263 is invalid if AO has taken particular view, which though, may not be only view, but certainly can be possible view : ITAT Torrential rains cause havoc in Pakistan; 87 killed I-T- Additions framed on account of unexplained money upheld as assessee was unable to prove source of cash deposited in assessee's bank account : ITAT US imposes sanctions on 3 Chinese firms and one from Belarus for transfering missile tech to Pakistan CX - Appellant has regularly filed statutory returns on monthly basis and the fact of clearance of goods and availment of credit was duly reflected in returns but same has not been examined by authorities below, impugned order is not sustainable: CESTAT Dubai terribly water-logged as it has no storm drains ST - When services are received from separate source & accounted separately in separate ledgers, there cannot be any question of clubbing them under one category: CESTAT EU online content rules tightened against adult content firms Cus - The continuous suspension of license of Customs Broker without either conducting an inquiry or issuing a notice for revocation of license or imposition of penalty is bad in law and needs to be set aside: CESTAT EV market cools off in US; Ford, GM eyeing gas-powered trucks Apple China tosses out WhatsApp & Threads from App store after being ordered China announces launch of new military cyber corps Railways operates record number of additional Trains in Summer Season 2024 GST - Assessing officer took into account the evidence placed on record and drew conclusions - Bench is, therefore, of the view that petitioner should present a statutory appeal: HC 1st phase polling - Close to 60% voter turnout recorded Ministry of Law to organise Conference on Criminal Justice System tomorrow GST - To effectively contest the demand and provide an opportunity to petitioner to place all relevant documents, matter remanded but by protecting revenue interest: HC Govt appoints New Directors for 6 IITs Nexus between Election Manifesto and Budget 2024 in July!Israel launches missile attack on Iran EC holds Video-Conference with over 250 Observers of Phase 2 polls


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Mumbai, April 12, 2015 CX - s.35F - In appeal procedure in Tribunal, stage of entertaining appeal is right from date of filing of appeal, therefore, at time of filing of appeal, appellant is required to make deposit of 7.5% or 10%of duty: CESTAT

New Delhi, April 11, 2015 Sales tax - Whether design parameters of a device stipulated by a customer can override decisive characterstics of works contract otherwise unequivocally spelt out in work order - NO: Supreme Court

Mumbai, April 11, 2015 Cus - Notfn 102/2007 - Refund of SAD - Findings of Commissioner(A) is very strange and totally unwarranted - there is no requirement in statutory provisions that agreement between importer and consignment agent should bear signature of witness - Appeal allowed: CESTAT

New Delhi, April 10, 2015 Customs - Import - Failure to fulfill conditions of exemption - Confiscation - redemption fine - Is duty payable under Section 125 if goods are not redeemed? - No, rules Supreme Court

Mumbai, April 10, 2015 ST - It is a settled law that reference to LB is made only in situation when there is a contrary view expressed by two different Benches on given issue - in absence of any contrary view expressed by any other Division Bench no reference lies to Larger Bench: CESTAT LB

Allahabad, April 10, 2015 Income tax - Whether rental income derived by partnership firm from regular business of leasing out of properties, can be treated as 'income from house property' - NO: HC

Mumbai, April 10, 2015 Cus - Only licensing authorities can permit revalidation of freely transferable DFIAs - Denial of benefit under scheme only because of expiry of Licenses due to refusal by Customs to allow import of such goods & their resultant non-utilisation, would amount to denial of substantial benefits: CESTAT

Chennai, April 10, 2015 Suppression - Revenue's appeal against order of Tribunal setting aside demand beyond normal period - Appeal dismissed: High Court

Chennai, April 09, 2015 ST - Finance Act, 1994 is not law of Income Tax to tax interest income - consideration relating to services provided shall only be subject matter of taxation by FA, 1994: CESTAT

Jaipur, April 09, 2015 Income tax - Whether relinquishment of right to sue is to be held as capital asset - YES: ITAT

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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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