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Farmers squat on railway tracks; 54 Amritsar-route trains cancelled 4 killed & 19 hurt as truck bangs into tractor-trolley Musk defers India’s trip citing heavy Tesla obligations India needs to design legislative pills to euthanise tax-induced expatriation!I-T- Exercise of jurisdiction u/s 263 is invalid if AO has taken particular view, which though, may not be only view, but certainly can be possible view : ITAT Torrential rains cause havoc in Pakistan; 87 killed I-T- Additions framed on account of unexplained money upheld as assessee was unable to prove source of cash deposited in assessee's bank account : ITAT US imposes sanctions on 3 Chinese firms and one from Belarus for transfering missile tech to Pakistan Dubai terribly water-logged as it has no storm drains ST - When services are received from separate source & accounted separately in separate ledgers, there cannot be any question of clubbing them under one category: CESTAT EU online content rules tightened against adult content firms Cus - The continuous suspension of license of Customs Broker without either conducting an inquiry or issuing a notice for revocation of license or imposition of penalty is bad in law and needs to be set aside: CESTAT EV market cools off in US; Ford, GM eyeing gas-powered trucks Apple China tosses out WhatsApp & Threads from App store after being ordered China announces launch of new military cyber corps Railways operates record number of additional Trains in Summer Season 2024 GST - Assessing officer took into account the evidence placed on record and drew conclusions - Bench is, therefore, of the view that petitioner should present a statutory appeal: HC Nexus between Election Manifesto and Budget 2024 in July!


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New Delhi, June 06, 2014 ST - Limitation - Sec 73 prior to 10.09.2004 - for invoking longer limitation period existence of fraud wilful mis-statement, suppression of facts, was not necessary - Demand upheld - Penalty set aside: CESTAT

New Delhi, June 05, 2014 NDPS - Sec 50 applicable only when person is bodily searched, not bags: SC

New Delhi, June 05, 2014 Income tax - Whether when Directors of assessee company are one of many shareholders and provide personal surety to banks for loans taken by assessee, guarantee commission paid to them is to be construed as dividend - NO: HC

New Delhi, June 05, 2014 Condonation of delay of 1236 days - Delay due to pursuing litigation before wrong forum is condoned -Tribunal by Majority

New Delhi, June 05, 2014 Income tax - Whether AO has powers u/s 37(1) to go into that aspect of relationships between assessee and auto dealers where commission paid is to be reduced every year merely because it was done in during initial years - NO: HC

New Delhi, June 05, 2014 ST - Value of goods and materials supplied free of cost by service recipient to provider of taxable construction service would be outside taxable value or gross amount charged - matter no longer res integra - Appeal allowed: CESTAT

New Delhi, June 04, 2014 ST � Offshore Supply of Vessels for exploration - vessels plying to Kakinada and various places in EEZ which are beyond territorial waters & which are non- designated places - appellant cannot be held to be liable to ST under reverse charge: CESTAT

New Delhi, June 04, 2014 ST - Consulting Engineer - as assessee was company, they were outside purview of definition of Consulting Engineer for period 2001-03 as 'body corporate' was brought within ambit only w.e.f. 01.05.2006: CESTAT

Cochin, June 04, 2014 Income tax - Whether if closing stock value is enhanced by Revenue, it would concomittantly increase profit from business - NO: ITAT

Mumbai, June 04, 2014 Cus - Appellant EOU procuring duty free imported or local goods for use in manufacture - goods destroyed in fire - One of conditions of licence executed is that appellant shall insure goods at least for value equal to duty - By failing to do so, clear breach of Ss 58 & 65 of Cus Act: CESTAT

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Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

April 19, 2024

I-T- Onus of establishing receipt of services from Associated Enterprise has to be discharged on year to year basis by assessee company: ITAT

April 19, 2024

DTAA - Payment received on account of subscription, professional and training services cannot be deemed to be Fees for Technical service and be taxed as Royalty, where no technical know-how is made available: ITAT

April 19, 2024

Companies Act - Charges of professional misconduct in SCN are proved for which monetary penalty can be imposed : NFRA

April 19, 2024

PMLA - Application for anticipatory bail can be rejected as there is failure on part of applicant to appear before trial Court despite service of bailable warrant : HC

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