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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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New Delhi, February 26, 2015 CX - When appellant's unit was located in area specified in Notf. No. 50/03 and goods being manufactured by them was not in negative list, appellant had nothing to gain by clearing goods clandestinely without reporting to Revenue: CESTAT

Jaipur, February 26, 2015 Cus - Seizure of Gold biscuits - HC does not act as executing court - If no specific orders were passed by Tribunal with regard to consequential directions, petitioner should approach appropriate authorities for its quantification and payment: HC

New Delhi, February 25, 2015 Income tax - Authority for Advance Ruling - Union Cabinet sanctions two more Benches in Delhi & Mumbai; Also okays Rs 7.5 Cr budget

Chandigarh, February 25, 2015 VAT - Whether medicines, drugs & stents administered to patients during a medical procedure are a 'sale' and thus exigible to VAT - NO: HC

Allahabad, February 25, 2015 Income tax - Whether before invoking provisions of Sec 158BD against a person other than person whose premises were searched, conditions precedent are to be satisfied - YES: HC

Ahmedabad, February 25, 2015 ST - Even in case of clandestine removals, CENVAT credit of inputs or input services, during period of offence, is allowed to be abated from total duty demanded and interest payable is computed only on duty finally determined - interest not payable since sufficient balance in CENVAT account: CESTAT

Chennai, February 25, 2015 CX - exemption under Notification 6/2002 for edible oils put up in unit containers - no interference with concurrent findings of fact of three lower authorities : HC

Mumbai, February 24, 2015 Cus - Recovery proceedings for escaped Anti-dumping duty can be initiated even afer expiry of ADD Notification - Rule 2(a) of General Interpretative Rules of CTA, 1975 can be invoked for levy of ADD: CESTAT

Allahabad, February 24, 2015 Income tax - Whether if Income Tax Department seizes India Development Bonds during Search as undisclosed income, it is to be construed as money laundering - YES, rules Full Bench of High Court

New Delhi, February 24, 2015 CX - Merely because contract provided that price at which PSC pipes are to be supplied shall be inclusive of all taxes, it cannot be presumed that price also included excise duty - demand u/s 11D prima facie not sustainable: CESTAT

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April 19, 2024 | New Delhi

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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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