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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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Chennai, August 29, 2014 CX - Benefit of exemption under Notification No 4/2006 is prima facie not admissible for cement used for construction work within factory premises - CESTAT orders pre deposit

Bangalore, August 28, 2014 ST - so long as activity is service & even if it is not taxable, it has to be considered as exempted service - it is not necessary that service should be taxable & exemption notification should have been issued: CESTAT

Bangalore, August 28, 2014 Income tax - Whether registration to a Trust u/s 12AA can be refused merely because it earned some income from housing projects but applied the same towards charitable objectives - NO: HC

Mumbai, August 28, 2014 CENVAT - If any goods are transported through pipeline, if they are not solid, there is every chance of loss of quantity by way of evaporation - CENVAT credit cannot, therefore, be denied on quantity involved in transit loss: CESTAT

Mumbai, August 27, 2014 Cellular Mobile Service provider is not entitled to avail CENVAT credit on Tower Parts & Pre-fabricated buildings: High Court

New Delhi, August 27, 2014 Customs - Valuation - Proof of imports of identical goods at higher value not given to appellant - Assessment Order set aside; however SCN survives: SC

Mumbai, August 27, 2014 ST - Support services provided by appellant to run business of clients by way of assistance in marketing, in obtaining loans from FIs, training of their personnel do not fall within category of 'Consultancy Service' let alone 'Management Consultancy Service' - Appeal allowed: CESTAT

New Delhi, August 27, 2014 Income tax - Whether provisions of Sec 41(1) come into play only when there is cessation of a liability - YES: ITAT

Mumbai, August 27, 2014 CX - Refund - Payment deduced by client for failing to supply specified quantity of goods during specified period - whatever amount appellant had received less from buyer they are entitled to take refund of duty component involved in deducted amount: CESTAT

Mumbai, August 26, 2014 High Court never stated that service has to be rendered to factories governed by Factories Act, 1948 - Telecom Service provider can also take credit on Outdoor Catering Service: CESTAT

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