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Govt appoints New Directors for 6 IITs 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 Nexus between Election Manifesto and Budget 2024 in July!GST - Tax liability was imposed because petitioner replied without annexing documents - It is just and appropriate that an opportunity be provided to contest tax demand on merits, albeit by putting petitioner on terms: HC 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 GST - Petitioner has failed to avail opportunities granted repeatedly - Court cannot entertain request for remand as there has been no procedural impropriety and infraction of any provision by assessing authority: HC GST - Classification - Matter which had stood examined by Principal Commissioner is being treated differently by Additional Commissioner - Prima facie , approach appears to be perverse: HC 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 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 Dengue cases soaring in US - Close to ‘Emergency situation’: UN Agency


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New Delhi, February 04, 2015 Centre provides tax sops and more funds for rapid development of AP and Telangana

Mumbai, February 04, 2015 ST - Appellant procures orders from Indian Cos and passes on to overseas manufacturers with whom they have agreement for receiving commission - activity though culminates in supplies to Indian Company, cannot be considered as services provided in India - Appeal allowed: CESTAT

Chennai, February 04, 2015 Income tax - Whether for purpose of claiming deduction u/s 80IA, losses and other deductions which were set off against income of previous year, can be reopened again for computation of current year income - NO: HC

Mumbai, February 04, 2015 CX - Makers and framers of Rule 57F did not intend to deny MODVAT credit simply because inputs were not received after job work within 180 days - Period of 180 days cannot be held to be mandatory - Revenue appeal dismissed: HC

Mumbai, February 03, 2015 Sales Tax - Hire purchase transaction is covered within purview of term 'sale' and, therefore, insurance premium forms part of Sale Price - trademark is not exhausted once goods are sold - resale claim rightly disallowed: HC

Mumbai, February 03, 2015 ST - Nature of work undertaken by respondent must be understood in context in which it was understood by respondent and its principal (sugar factory) - services are not 'Manpower Recruitment or Supply Agency Services': HC

Pune, February 03, 2015 I-T- Whether AO is right in rejecting books by relying on Central Excise case alleging suppression of production determined on basis of electricity consumption which was in turn examined by one IIT for technical evidence - NO: ITAT

Mumbai, February 03, 2015 Cus - MMRDA is not Road Construction Corp, hence exemption not available - as appellant did not utilise goods for a period of five years there is clear violation of post-importation condition - penalty u/s 112 would suffice: CESTAT

New Delhi, February 02, 2015 ST - Telecom Towers - Management & Maintenance or repair service - Cost of diesel filled in generators is prima facie not includible in gross value as diesel is not required for providing such service but diesel consumption is required for generating electricity - stay granted: CESTAT

Ahmedabad, February 02, 2015 Income tax - Whether Sec 54E benefit is available even if assessee invests or deposits whole or part of net consideration in specified asset within six months from date of consideration received - 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.

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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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