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IndiGo orders 30 Airbus A350s for long hauls Filing of Form 10A & 10AB: CBDT extends due date to June 30 RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimes CPGRAMS recognized as best practice in Commonwealth Secretaries of public service Israel-Iran War: A close shave for Global Economy but for how long?KABIL, CSIR ink MoU for Advancing Geophysical Investigations I-T - If income from stock-in-trade are held as investments, then provisions of section 14A would apply to such income: ITAT TRAI recommends on Infra Sharing, Spectrum Sharing & Spectrum Leasing I-T- Revisionary powers u/s 263 can't be exercised when AO has neither assumed facts incorrectly nor there is incorrect application of law : ITAT Technology Board okays funding of Dhruva Space's Solar Array Project I-T- Issue of interest is debatable issue on which two views are possible and AO accepted one of views for which PCIT cannot assume revisional jurisdiction: ITAT Health Secy visits Bilthoven Biologicals, discusses production of Polio Vaccine I-T - Estimation of profit element from purchases should be done reasonably if assessee could not conclusively prove that purchases made are from parties as claimed, in absence of confirmations from them: ITAT Study finds Coca-Cola accounts for 11% of branded plastic pollution worldwide I-T- Triplex flats purchased are interconnected and can be considered as 'a residential unit'' as per definition of section 54F of Act : ITAT Delhi HC says conspiracy against PM is a crime against State I-T- AO omitted to probe issue of cash payments made over specified limit; revisionary power u/s 263 is rightly exercised: ITAT Brazil makes new rules to streamline consumption taxes I-T-Power of revision unnecessarily exercised where AO had no scope to examine creditworthiness & genuineness of assessee's creditors: ITAT Biden signs rules mandating airlines to give automatic refunds for delayed or cancelled flights I-T-As per settled law, in absence of enabling powers, no disallowance can be made : ITAT BYD trying to redefine luxury for new EV variants GST - On the one hand, the order states registration is liable to be cancelled retrospectively and on the other hand mentions that there are no dues - Order modified: HC SC asks EC to submit more info on reliability of EVMs Right to Sleep - A Legal lullaby


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Mumbai, January 26, 2015 Appellant paying ST on behalf of company with which it sought to merge - as HC has not sanctioned merger, ST under VCES paid - Adjudicating authority to allow re-credit of Rs 79.9 cr in CENVAT account of appellant: CESTAT

New Delhi, January 26, 2015 Govt announces Padma Awards; Advani, Amitabh Bachchan & Dilip Kumar bag Padma Vibhushan; Padma Bhushan to Swapan Dasgupta, Harish Salve, Dr Ashok Seth, Bill Gates & Melinda Gates

New York, January 25, 2015 MGI Study turns torchlight on tax evasion & reforms in retailing

Mumbai, January 25, 2015 CX - Manpower services used for loading & unloading of compost & boiler ash is allowable as CENVAT credit as it is essential part of manufacture of excisable sugar - no cause for invocation of rule 6 to deny credit: CESTAT

Ahmedabad, January 24, 2015 Sales tax - Whether discount offered by assessee to Oil Marketing Cos on sale of its products as per Govt's direction would not form part of sale price - YES: HC

Chennai, January 24, 2015 Cus - Without making his appearance before officer concerned and avoiding summons issued, filing of Writ Petition by Respondent or Petitioner is premature and otiose one: HC

Mumbai, January 23, 2015 CENVAT - ST paid in respect of Insurance Premium for retired employees is also an Input Service: CESTAT

Mumbai, January 23, 2015 ST - Renting of Immovable property - Tax paid with interest after due date - while clarifying VCES, 2013, Govt has left a window open for taking lenient view in matter of penalty - as issue was in dispute, penalty u/s 76 waived: CESTAT

Mumbai, January 23, 2015 Cus - Optical Fibre Cables merit classification under CTH 9001 and not under CTH 8544 - benefit of notfn 24/2005 not available - Importer loses on classification issue but wins on ground of time bar: CESTAT

New Delhi, January 23, 2015 Income tax - Whether LCD Monitor is an information and communication technology device and its manufacturer is eligible to claim Sec 80IC benefits - YES: 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 25, 2024 | New Delhi

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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

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I-T- DTAA does not get triggered at all when a domestic company pays DDT u/s 115-O of the Act : ITAT

April 25, 2024

IBC - Even if CIRP commences, Directors, who are incharge of affairs of Company cannot be absolved of any wilful default committed by borrower Company : HC

April 25, 2024

SARFAESI Act - Writ petition can be disposed of as infructuous as one time settlement has been entered into between parties : HC

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