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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, November 10, 2014 ST - Notfn 4/2006 - Applicant is engaged in giving loan for earning interest through leased vehicles - as interest on loan is exempted from ST in terms of s.67 & rule 6(2)(iv) of Valuation Rules applicant has prima facie case: CESTAT

Kochi, November 10, 2014 I-T - Whether where money is paid by flat buyer & same remains outstanding, excess payment over & above sum paid by original buyer due to incapability to purchase flat is to be treated as interest as per Sec 2(28A) - YES: ITAT

Mumbai, November 10, 2014 Cus - Notf. 16/2000 - Exemption notification is to be construed strictly - Catalyst is required for initiating a chemical reaction & is not required for manufacture of machinery, instruments, equipment or appliances - Benefit not available: CESTAT

Mumbai, November 10, 2014 Cus - Lame excuse offered for not implementing directions of Tribunal to refund pre-deposit amount to appellant with interest - Commissioner of Customs (Import), Nhava Sheva to show cause as to why contempt proceedings should not be initiated: CESTAT

Mumbai, November 09, 2014 Cus - AO not passing order u/s 17(5) even after ten months shows scant regard for orders passed by superior & reflects poorly on Department: CESTAT

Mumbai, November 09, 2014 Cus - CBLR, 2013 - Time-limits are laid down so that inquiry progresses in time bound manner and proceedings completed within time - as Department does not seem to have any regard for time-limits, order of suspension set aside: CESTAT

New Delhi, November 08, 2014 CBDT directs officers to be more taxpayer-friendly; no coercive steps to be taken

New Delhi, November 08, 2014 CBEC happy with its initiatives to facilitate trade and encourage non-adversarial tax administration

Ernakulam, November 07, 2014 Service Tax on Hotels and Restaurants - Division Bench of Kerala High Court holds States alone have power to impose tax - Dismisses revenue appeal

New Delhi, November 07, 2014 ST - Demand of ST in respect of same transaction on ground that deposit of ST was under different category whereas different category of service has been provided cannot be held to be justifiable - Appeal allowed: CESTAT

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