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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 GST - Without considering the reply on merits, proper officer, without applying his mind has held that the reply is filed is unsatisfactory and, therefore, he is left with no alternative but to create demand - Order set aside and matter remitted: 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-CTR - Work contracts executed before 18 July 2022 - Petitioners should file refund claims before respondent authorities agitating their grievance and the same be examined and orders passed within four 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’s key water supplier, Thames Water, slips into financial quagmire I-T- Sale consideration cannot be considered as unexplained cash credit if sale takes place in online platform and sale consideration is received through stock broker in banking channels : ITAT UK to send military aid package worth USD 619 mn to Ukraine I-T- Section 69C includes expenditures reflected in account books, as well as those discovered during Search & Seizure for which no valid explanation is forthcoming from assessee: ITAT US regulator bans non-compete agreements by employees I-T- Penalty imposed u/s 273B upheld where assessee unable to provide just cause for failure to file audit report within prescribed due date as per Section 44AB: ITAT Palestinian PM unveils new reform package I-T- Assessee cannot contest validity of penalty notice on grounds of irrelevant provision not being struck off, by highlighting such defect for the first time before ITAT itself: ITAT Air India, Nippon Airways join hands for travel between India and Japan Govt receives 7 bids for giga-scale Advanced Chemistry Cell under PLI 10 killed as two Malaysian Military copters crash I-T- Lower authorities erred in disallowing long term capital loss : ITAT SC grills Baba Ramdev & Balkrishna in misleading ad case 1351 candidates to contest in phase 3 of LS Elections I-T- Revisionary order u/s 263 invalidated where passed in ignorance of repeated factual submissions to prove that original assessment order is not erroneous or prejudicial to revenue's interests: ITAT Indian Coast Guard, Oman Coast Guard to jointly combat transnational illegal activities at sea ST - Department cannot retain any amount which is otherwise not payable by the Assessee; nothing acts as embargo on assessee's right to demand refund of tax paid under misaken notion: CESTAT AFMS, ICMR join hands to undertake biomedical research for Armed Forces Cus - If noticee seeks Cross Examination of such persons, same should be granted, appellant will produce all documentary evidence before Adjudicating Authority in support of their claim that seized gold is part of their normally procured gold in course of their commercial transactions: CESTAT


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New Delhi, January 20, 2015 Service Tax - Airport Authority of India loses huge case in CESTAT

Mumbai, January 20, 2015 Income tax - Whether when Revenue finds during investigation that assessee is beneficiary of accommodation entry it is sufficient to conclude absence of true and full disclosure of all facts by assessee - YES: HC

Mumbai, January 20, 2015 CX - Valuation - Glues & Adhesives - Appellant's stand that exemption u/r 34 of SWAM Rules, 1977 is not mandatory is not acceptable - as appellants are marking packages as 'Industrial Use', they are exempted from affixing MRP and, therefore, goods have be valued u/s 4: CESTAT

Mumbai, January 19, 2015 CENVAT - Although Steatite Ceramics are capital goods & appellants are entitled to take only 50% credit in first year, they have taken full credit - since they are entitled to balance credit in subsequent year, at the most, interest for intervening period is payable: CESTAT

Ahmedabad, January 19, 2015 Income tax - Whether benefit of deduction u/s 32AB can be extended to term loans taken against trucks and tankers - YES: HC

Allahabad, January 19, 2015 Export of non-basmati rice - Redemption fine imposable in lieu of confiscation is limited by ceiling of market price of confiscated goods - Tribunal could not have reduced value declared and legalized patent illegality: HC

New Delhi, January 18, 2015 Govt working on Single Uniform Law for MSME Sector; Focus is on job creation to reap 'demographic dividend': Jaitley

Mumbai, January 18, 2015 CE - Notfn. 162/86-CE - Cars cleared as taxis - dealers de-registering vehicles and converting into private vehicles - duty demand raised on assessee - there is no liability on appellant under notification to ensure continued use of vehicles as taxis -appeal allowed: CESTAT

Chennai, January 17, 2015 VAT - Whether reason given in departmental clarification that 'Women's Horlick' is not made up of 'milk' alone but with other ingredients, is sufficient basis to tax same under residuary entry - NO: HC

Mumbai, January 17, 2015 CX - Notification 6/2006 - Anchor rings, Load Spreading Plates not entitled for benefit of exemption as they do not fall under phrase 'wind operated electricity generator' - corrigendum issued by CESTAT

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