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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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Mumbai, October 29, 2014 Service provided is essentially supply of drilling rig along with personnel to operate same on charter hire basis & payment for services is made on per day basis - activity comes within scope of 'Supply of Tangible goods for use': CESTAT

Mumbai, October 28, 2014 ST - BNP Paribas secured loan amount lent to appellant through COFACE, France by paying insurance guarantee - Service receiver is BNP Paribas and service provider is COFACE, France & appellant is only beneficiary of transaction - appellant is not liable to pay ST under Reverse Charge: CESTAT

New Delhi, October 28, 2014 CENVAT - Slitting & pickling not manufacture - CENVAT credit availed of duty paid on HR coils or sheets for discharging duty on HR slitted and pickled coils is not required to be reversed: CESTAT by Majority

Mumbai, October 28, 2014 CENVAT - Rule 57G - time limit of six months would be applicable even for consignment which had arrived before introduction of procedural restriction: CESTAT

Pune, October 28, 2014 I-T - Whether benefit conferred on assessee by way of conversion of loan into grant by Govt for maintaining SLR so as to enable assessee to carry out banking would constitute capital receipt and hence not liable to tax - YES: ITAT

Mumbai, October 28, 2014 ST - Packaging - As per Fertiliser Control Order, packaging before marketing is statutory requirement - activity of packaging would, therefore, form integral part of manufacturing in terms of s.2(f)(i) of CEA, 1944 and cannot be viewed as service: CESTAT

Mumbai, October 27, 2014 CX - Notfn 6/2006, 12/2012 - Anchor rings & Load Spreading Plates are used in foundation of wind mill tower and cannot be considered to be part of Wind Operated Electricity Generators - matter referred to Larger Bench: CESTAT

Mumbai, October 27, 2014 CX - Sec 4A - Goods cleared in bulk does not mean that they are meant for Institutional consumers - It should be meant for Institutional consumers under SWAM Rules to pay duty u/s 4 - Appeal allowed: CESTAT

Mumbai, October 27, 2014 ST - As data being retrieved or accessed by applicant is their own it cannot be said that applicant have received service of 'Online information and database access or retrieval' - Appeal allowed: CESTAT

Amritsar, October 27, 2014 I-T - Whether when assessee has option to claim exemption either u/s 10(23C) or Sec 11(1), AO cannot force assessee to go for deduction u/s 11 - YES: ITAT

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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

April 24, 2024

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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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