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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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Kolkata, June 27, 2014 CX - Eveready Rechargeable - packing rechargeable battery with chargers in blister packs - applicant claims that no 'manufacture' occurs due to packing & branding exercise & that they are paying ST & have also filed application under VCES - pre-deposit waived: CESTAT

Mumbai, June 26, 2014 Whether principle of apportionment embedded in Sec 14A will apply when no cost was incurred for exempt income & primary object of investment was to acquire controlling stake in Group Concern and not to earn any income - NO: ITAT

New Delhi, June 26, 2014 ST - Mandap keeper or Convention - Neither SCN nor Appellate order concluded that renting of Hall for formal meetings which were not open to public, specific ingredients for transaction to fall within ambit of Convention: CESTAT

New Delhi, June 26, 2014 CX - Exemption under Notification No 3/2001 to Paper and Paperboard - Two registrations given for same plot having common facilities cannot be treated as two factories for exemption benefit - Tribunal confirms demand: CESTAT

New Delhi, June 25, 2014 Govt extends excise duty sops for capital goods & auto sector for six more months

Mumbai, June 25, 2014 ST - BAS - At retail outlets, appellants providing infrastructure to Mahanagar Gas for installing machinery for compression of gas - MGL selling CNG to appellant on payment of VAT or ST and appellants in turn selling to customers on RSP - profit margin is not commission: CESTAT

Amritsar, June 25, 2014 Income Tax - Whether premium paid on insurance policy designed under Unit Linked Investment Plan can be claimed as business expenditure u/s 37 - NO: ITAT

Mumbai, June 25, 2014 CX - There is no merit in contention that merely because person liable to pay duty has discharged duty liability, proceedings against others on whom penalty has been imposed u/r 26 will get concluded - Pre-deposit ordered of penalty: CESTAT

New Delhi, June 24, 2014 Asia corners 30% of global FDI inflows; India records 17% increase & China's outflows grew faster than inflows: UNCTAD's latest Report

Mumbai, June 24, 2014 ST - Refund - Export of goods - Tax paid on services of Commission agent on reverse charge basis - refund claimed under incorrect notfn. 17/2009-ST instead of 18/2009-ST - Claim rejected by original authority without issuance of SCN or giving a personal hearing - Matter remanded: 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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I-T- Proceedings commenced subsequent to exercise of revisionary power u/s 263, are unsustainable, where the revisionary order itself came to be quashed: ITAT

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April 26, 2024

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

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