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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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Chennai, March 16, 2015 Income tax - Whether sum paid by non-resident for restraining assessee from engaging in a particular business that may jeopardise its principal shareholding in a JVC is to be treated as goodwill u/s 55(2) - NO: High Court

Mumbai, March 16, 2015 CE - We do not understand as to why matter of twelve years old having been adjudicated thrice by Commissioner and brought before Tribunal should have been again remanded: High Court

Ernakulam, March 16, 2015 Mandatory pre-deposit for disputes before 6.08.2014 - Kerala High Court follows AP High Court - Amended provisions do not apply

Mumbai, March 15, 2015 CX - Carpentry work awarded to appellants was sub-contracted to independent contractors - whether sub-contractor is manufacturer - M(J) & M(T) form divergent views, however, agree that demand is hit by limitation: CESTAT

New Delhi, March 14, 2015 Rajya Sabha to do overtime to debate and clear many pending bills

New Delhi, March 14, 2015 Amendment to Insurance Act to curb practice of mis-selling & misrepresentation by agents

Mumbai, March 14, 2015 Cus - 'Prosure' is an Instant food mix & is eligible for benefit of Notf. No. 02/2011-CE dated 01/03/2011 in respect of CVD - ROM application allowed: CESTAT

New Delhi, March 13, 2015 I-T - Whether valuation of any property given on rent by assessee to licensee, is required to be included in total wealth, even if such licencee and assessee treat each other as separate entities - YES: Supreme Court

Mumbai, March 13, 2015 CX - Valuation - If scrap is retained by job worker, sale of same will affect conversion charges towards job work and hence same should be included in assessable value of job work goods - Revenue appeal allowed: CESTAT

New Delhi, March 13, 2015 Income tax - Whether estimation of income tax logically based upon inference drawn in case of block assessment procedure is per se excludable from ambit of penal provision - NO: 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

India takes part in 'Institutionalization of SMART Government for Improving Service Delivery' in London

April 24, 2024 | New Delhi

'Sunflowers were the first ones to know' - film by FTII student selected at Cannes

April 24, 2024 | New Delhi

Govt receives 7 bids for giga-scale Advanced Chemistry Cell under PLI

April 24, 2024 | New Delhi

1351 candidates to contest in phase 3 of LS Elections

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April 22, 2024

Requisite Checks for Appeals - Pre Deposit

April 16, 2024

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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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