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World Energy Congress 2024: IREDA CMD highlights need for Innovative Financing Solutions Voter turnout surpasses 50% by 4 PM in Phase 2 polls ST - Amendment made to FA, 1994 on 14.05.2015 making service tax applicable retrospectively on chit-fund business is only prospective - Refund payable of tax paid between 01.07.2012 to 13.05.2015: HC XI tells Blinken - China, US ought to be partners, not rivals ST - SVLDRS, 2019 - Amnesty Scheme, being of the nature of an exemption from the requirement to pay the actual tax due to the government, have to be considered strictly in favour of the revenue: HC CX - Issue involved is valuation of goods u/r 10A of CE Valuation Rules, 2000 - Appeal lies before Supreme Court: HC Cus - Smuggling - A person carrying any article on his belonging would be presumed to be aware of the contents of the articles being carried by him: HC Cus - Penalty that could be imposed for smuggling 3.2 kg of gold was Rs.88.40 lakhs, being the value of gold, but what is imposed is Rs.10 lakhs - Penalty not at all disproportionate: HC Cus - Keeping in mind the balance of convenience and irreparable injury which may be caused to Revenue, importer to continue indemnity bond of 115 crore and possession of confiscated diamonds to remain with department: HC Cus - OIA was passed in October 2022 remanding the matter to adjudicating authority but matter not yet disposed of - Six weeks' time granted to dispose proceedings: HC I-T - High Court need not intervene in matter involving factual issues; petitioner may utilise option of appeal: HC China asks Blinken to select between cooperation or confrontation I-T - Unexplained cash credit - additions u/s 68 unsustainable where based on conjecture & surmise alone: ITAT Honda to set up USD 11 bn EV plant in Canada Imran Khan banned from flaying State Institutions I-T - Income from sale of flats cannot be computed in assessee's hands, where legal possession of flats had not been handed over to buyers in that particular AY: ITAT Pro-Palestine demonstration spreads across US universities; 100 arrested I-T - Investment activities in venture capital which are not covered in negative list under Schedule III to SEBI Regulations, qualifies for deduction u/s 10(23FB): ITAT NATO asks China to stop backing Russia if keen to forge close ties with West NY top court quashes conviction of Harvey Weinstein in rape case


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Mumbai, April 11, 2019 ST - Subject line has come from private publication, however, for purpose of consideration of exemption, text of notification was considered - no error apparent on record: CESTAT

Mumbai, April 10, 2019 DGFT - Fixation of DEPB rates is a policy matter - Court cannot interfere: HC

New Delhi, April 10, 2019 I-T - 'Commencement of business' is not mandatory initial step for claiming deduction on account of CSR expenditure: ITAT

New Delhi, April 09, 2019 I-T - Whether if search warrant is against partners of assessee firm & searches are conducted at business & residential premises of partners, assessee can question jurisdiction if Sec 153B order is passed - NO: ITAT

Hyderabad, April 08, 2019 CX - Rule 5 of CCR - Transfer of CENVAT credit - Tribunal has no role in interpreting or applying provisions of s.140 of CGST Act, 2017: CESTAT

Mumbai, April 08, 2019 ST - Reversal from the inadmissible credit cannot be considered as sufficient compliance to the provisions of Section 35F: CESTAT

Chennai, April 08, 2019 Mistake committed by the importer can be corrected u/s 154 of Customs Act by the assessing officer and not by the refund authority: HC

Mumbai, April 08, 2019 I-T - Broadcast company cannot be held liable to TDS on channel placement fees on basis of subsequent amendment in definition of royalty: ITAT

Chennai, April 05, 2019 I-T - Once tariff authority settles dispute of storage charges, assessee cannot take shelter of pendency of dispute to forego liability to pay tax upon cessation of trading liability u/s 41(1): HC

Allahabad, April 05, 2019 CX - Mere fact that assessee had not stated in ER-1 returns as regards payment of duty through DEPB cannot be adopted a valid ground to justifiably invoke extended period of limitation: CESTAT

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Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

April 26, 2024

I-T - Assessee cannot be prevented from claiming that receipts from sale of software were wrongly offered as royalty, merely because such income was wrongly offered in ROI and which was not revised: ITAT

April 26, 2024

I-T- Proceedings commenced subsequent to exercise of revisionary power u/s 263, are unsustainable, where the revisionary order itself came to be quashed: ITAT

April 26, 2024

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April 26, 2024

Trade Mark Act - Marks are visually phonetically and deceptively similar to Plaintiffs' trademarks : HC

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