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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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Mumbai, August 01, 2014 CENVATTED Moulds & dies sent to vendor for production of final products - such clearances permitted only after amendment of rule 4(5)(b) - if appellant also utilizing these Moulds, infraction is only procedural warranting penalty rather than denial of credit: CESTAT

Mumbai, August 01, 2014 ST - In SCN, demand in respect of Break Bulk Fees is made under transportation of goods by air - Appellant is not an aircraft operator so demand not sustainable - also order confirming demand under Cargo Handling is beyond scope of SCN: CESTAT

Mumbai, August 01, 2014 ITAT grants relief to Bollywood Star Salman Khan; sets aside penalty imposed for claiming legal expenses incurred on criminal cases as business expenditure

Mumbai, August 01, 2014 Import of Poppy Seeds - undervaluation - DRI not recorded any statement of any individual who had been conduit through whom Hawala deal took place - although prima facie there is strong case for appellant no other option as third Member, but either to agree with one of differing views - Pre-deposit ordered: Tribunal by Majority

Mumbai, July 31, 2014 ST - Telecom Infrastructure Services are more appropriately classifiable under Business Support Service - demand under BAS is not sustainable: CESTAT

Mumbai, July 31, 2014 CENVAT - Rule 3(3) of CCR, 2004 - Duty paid on any input can be utilized for payment of any duty of excise on any final product - no one-to-one correlation required - availment of duty paid on Molasses for payment of duty on Sugar not barred: CESTAT

Ahmedabad, July 31, 2014 Income tax - Whether profit relatable to sale of unutilized FSI is also eligible for Sec 80IB(10) benefits - NO: HC

Mumbai, July 31, 2014 Cus - if statutory provision is capable of two interpretations, taking one such interpretation cannot give rise to an error apparent from record even if one is of view that other interpretation is more correct in context - ROM dismissed: CESTAT

Mumbai, July 30, 2014 ST - Construction of retention wall on bank of Sabarmati river can be considered in a broad sense as renovating or restoring of water bodies - activity falls under exclusion clause of "site formation and clearance, excavation and earth moving and demolition service" - No ST chargeable: CESTAT

Mumbai, July 30, 2014 ST - Renting of Immovable property - lease amount was collected as premium and rental at time of agreement - expressions �other similar arrangements' and �any other service in relation to such renting' used in s. 65 are expressions of width & amplitude - Pre-deposit Rs 20 Cr ordered: CESTAT

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