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Jio turns world’s top telco in terms of data traffic India takes part in 'Institutionalization of SMART Government for Improving Service Delivery' in London Gadkari faints during campaign; Heat takes toll on his health 'Sunflowers were the first ones to know' - film by FTII student selected at Cannes SARFAESI Act - Award of interest on auction money at rate applicable to fixed deposits is not a correct view and rate of interest deserves to be enhanced: SC (See 'TIOLCorplaws')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 SC asks EC to submit more info on reliability of EVMs GST - Without considering reply on merits, proper officer has held that reply is unsatisfactory and, therefore, he is left with no alternative but to create demand - Order set aside: 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 - Work contracts executed before 18 July 2022 - Petitioners should file refund claims before respondent agitating grievance and same be examined and orders passed within 4 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 to send military aid package worth USD 619 mn to Ukraine US regulator bans non-compete agreements by employees Air India, Nippon Airways join hands for travel between India and Japan SC grills Baba Ramdev & Balkrishna in misleading ad case


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Ahmedabad, December 08, 2014 Refund to SEZ Units - Jurisdiction - DGEP letter of 2012 directing return of refund claims to parties on ground that customs has no jurisdiction is quashed - When customs collected duty, assessee has right to seek refund from Customs: HC

Mumbai, December 08, 2014 ST - Applicant imports packaged software from foreign supplier and making payments to Microsoft on account of royalty - No ST payable under IPR prior to 16.05.2008 or under IT Software Service after 16.05.2008 - Stay granted: CESTAT

Hyderabad, December 08, 2014 Income tax - Whether when two of most important ingredients of sale such as receipt and delivery of possession are missing, there cannot be transfer of capital asset either under TPA or u/s 2(47) of I-T Act: ITAT

Chennai, December 08, 2014 CX - TNCSC is neither Institutional consumer nor Service institution - Mixies & Electric Rice cookers supplied to TNCSC for free distribution to women beneficiaries have been rightly assessed to duty on RSP u/s 4A: CESTAT

Mumbai, December 08, 2014 ST - Delay in granting refund by Commissioner - Tribunal does not appreciate filing of ROM by Revenue but to meet ends of justice application listed for hearing on top of Board: CESTAT

New Delhi, December 07, 2014 Dispute Settlement - History made - 1.25 Crore long-pending cases settled in single day by Lok Adalat

Ahmedabad, December 07, 2014 ST - Whether activity of foreclosure of loans is a service classifiable under Financial Services and whether charges collected therefor are liable to ST - matter referred to Larger Bench: CESTAT

New Delhi, December 06, 2014 Railways identifies several projects for 100 % FDI

Mumbai, December 06, 2014 CENVAT - Post 01.04.2011 what is excluded under clause (C) of Rule 2(l) is only services 'primarily for personal use or consumption of any employee' - ST to extent of cost of Catering Services borne by company & not recovered from employees is admissible as credit: CESTAT

Chennai, December 05, 2014 Rejection of VCES declaration on ground that issue was detected from audit of third party unit conducted before cutoff date - As on date when application was filed, there was no audit as against petitioner - Rejection order set aside: 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 24, 2024 | New Delhi

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April 2024 Edition

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

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

April 24, 2024

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

April 24, 2024

PMLA - Considering money trail and involvement of applicant in crime he is not entitled for anticipatory bail : HC

April 24, 2024

Competition Act - Informant has neither referred to any particular agreement nor provided any document which suggest existence of anti-competitive agreement : CCI

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