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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 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 I-T - Re-assessment is invalid where based only on a suspicion that income escaped assessment & where not based on concrete reasons to believe for commencing such proceedings : ITAT 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 Cus - When Department has not complied with time limit, the order issued for revocation of licence or order issued for continuation of suspension licence cannot sustain: CESTAT NY top court quashes conviction of Harvey Weinstein in rape case Weather prediction normal for phase 2 poll day IndiGo orders 30 Airbus A350s for long hauls ST - Appellant is an 'authorised medical practitioner' providing 'healthcare services' - services exempted in terms of clause 2(i) of notification 25/2012-ST: Commr(A)RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimes REC avails SACE-Covered Green Loan for 60.5 Billion Japanese Yen Study finds Coca-Cola accounts for 11% of branded plastic pollution worldwide Cus - 'Small Form-factor Pluggable Optical Transceivers' are classifiable under CTH 8517 7090 and not under CTH 8517 62 90 - entitled for benefit of duty concession under 57/2017-Cus: CESTAT DoNER discusses Development of Tourism in North East CX - Appellant is eligible for exemption under Notfn 12/2012-CE upon fulfilling all conditions stipulated therein, thus sufficiently establishing that goods dealt with by Appellants qualify for exemption: CESTAT


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Ahmedabad, September 27, 2014 CENVAT - Rule 2(l) of CCR, 2004 - services provided by Overseas Commission agent are not Input services: High Court

Mumbai, September 27, 2014 ST - What can be levied to service tax is service rendered by appellant either as a steamer agent or BAS in respect of collection of freight and other charges - question of levy of service tax on a Customs transaction would not arise at all - Matter remanded: CESTAT

New Delhi, September 26, 2014 ST - Payments received under Swarnjayanti Gram Swarojgar Yogna (SGSY) - Prima facie, it cannot be said that appellants have provided Manpower Recruitment and Supply service : CESTAT

New Delhi, September 26, 2014 Rs 1945 crore Service Tax liability on ESIC effaced by legislative intervention, says CESTAT

Ahmedabad, September 26, 2014 Income tax - Whether when assessee is born out of restructuring of Electricity Board, expenditure incurred on IT support to LAN & upgradation of bandwidth is to be treated as capital in nature - NO: HC

Mumbai, September 26, 2014 ST - There cannot be a ST levy on supply of goods - Prima facie view is that cost of goods supplied while rendering a repair service cannot be subjected to levy of ST - Pre deposit waived & stay granted: CESTAT

Ahmedabad, September 26, 2014 CX - Goods procured under Notification No 22/2003 and 52/2003-Cus by EOUs and cleared in DTA - Whether benefit of exemption under Notification No 6/2006 is admissible - Matter referred to Larger Bench in view of conflicting decisions: CESTAT

New Delhi, September 25, 2014 Income tax - Whether when a Member of BSE defaults, stock exchange gets lien over member's securities and such lien will have precedence over income tax dues - YES: Supreme Court Larger Bench

New Delhi, September 25, 2014 National Tax Tribunal: Parliament can legislate but needs to meet standards of courts sought to be substituted, says SC Constitution Bench

Mumbai, September 25, 2014 CX - Rule 6(3A) - 'P' denotes total CENVAT Credit taken on input services during FY and not total of CENVAT Credit taken on common input services - If formula leads to an anomalous situation, remedy lies in amending provisions of statute and judiciary is helpless - Pre deposit ordered: CESTAT

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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

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

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