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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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Bangalore, September 26, 2018 I-T - If income is generated out of liquor trade, it has to be first taxed in hands of Excise Licencee, and distribution of surplus between conglomerates will take place only after payment of Income tax: HC

Jaipur, September 26, 2018 I-T - General share purchase transaction should not be construed as bogus, simply because such transaction has resulted in huge capital gains to investor: ITAT

Chennai, September 26, 2018 CX - Interpretation which makes Writ Court order as unworkable has to be construed as disobedience: HC

Allahabad, September 25, 2018 GST - E-way bill - gross chaos due to quick changes, even field officers could not track - seeking adherence to compliance of provisions which stood substituted and had become otiose is an unauthorized act: HC

New Delhi, September 25, 2018 I-T - CBDT circular which bars claim of depreciation in respect of any infrastructure facility, will be treated as mere opinion unless & until issue got covered by decided judgment of jurisdictional HC or SC: HC

Indore, September 25, 2018 GST - Officers appointed under MPGST Act are authorized to be proper officers for purpose of IGST: High Court

Mumbai, September 25, 2018 I-T - Mere furnishing of PAN & bank statements is not enough to discharge burden of taxpayer, so as to escape realms of Section 68: HC

Mumbai, September 25, 2018 ST - Till time SCN is adjudicated, it cannot be conclusively stated that tax was paid by Petitioner on basis of forged/fabricated/bogus challans - invocation of s.87 of FA, 1994 is premature: HC

Chandigarh, September 25, 2018 I-T - Bank branches which fall within 8 km from municipal limit are rural branches and are eligible for deduction u/s 36(1)(viia) @ 10% of aggregate rural advances on account of bad debts: ITAT

Mumbai, September 25, 2018 ST - Service of procuring orders and passing it to overseas manufacturers/clients and receiving payments for same is an activity of export of service: HC

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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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