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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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Hyderabad, June 17, 2014 Income tax - Whether receipts on sale of carbon credits are business receipts - NO, rules High Court

Mumbai, June 17, 2014 ST - BAS - Merely because particular sub-clause of sec 65(19) has not been specifically mentioned in SCN it does not vitiate proceedings initiated thereunder: CESTAT

Mumbai, June 17, 2014 I-T - Whether when assessee, a lyricist by profession, has both professional and residential setup in same apartment, sums spent on installation of LIFT can be claimed as revenue expenditure - Only Partly: ITAT

Ahmedabad, June 17, 2014 CX - Demand of duty on account of clandestine clearance and under-valuation - Adjudicating authority was not correct in disallowing cross-examination of persons, except cases covered by Sec 9D - Matter remanded: CESTAT

Ahmedabad, June 16, 2014 CENVAT - Payment of ST on GTA service by utilizing CENVAT credit cannot be denied on ground that rule 3(4)(e) of CCR, 2004 allows such utilization only in respect of Output service and not for Input service - appeal allowed: CESTAT

Bangalore, June 16, 2014 Service Tax - Export of services - Refund - Relevant Date for limitation is date of receipt of payment not date of export: CESTAT

Mumbai, June 16, 2014 Income tax - Whether extending financial assistance or scholarship, to students for educational purpose would fall within connotation of 'education' - YES: ITAT

Ernakulam, June 16, 2014 ST - S. 37C - various modes prescribed for service of order - Department had attempted service by only one mode viz. by registered post - other modes have admittedly not been followed - WP allowed: Kerala HC

Ahmedabad, June 16, 2014 CX - Clandestine clearances - Demand cannot be confirmed based on evidence of diary - Settled law is that clandestine manufacture cannot be inferred unless allegations are also established on evidences: CESTAT

Mumbai, June 16, 2014 CENVAT - Refund - Export of service takes place at time of issuing invoice - date of receipt of payment is not relevant: CESTAT

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