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Jio turns world’s top telco in terms of data traffic India takes part in 'Institutionalization of SMART Government for Improving Service Delivery' in London Gadkari faints during campaign; Heat takes toll on his health 'Sunflowers were the first ones to know' - film by FTII student selected at Cannes SARFAESI Act - Award of interest on auction money at rate applicable to fixed deposits is not a correct view and rate of interest deserves to be enhanced: SC (See 'TIOLCorplaws')ST - Chit Funds - Tax was not paid under mistake of law but upon demand by tax authorities - Refund not having been filed within time was rightly rejected: HC SC asks EC to submit more info on reliability of EVMs GST - Without considering reply on merits, proper officer has held that reply is unsatisfactory and, therefore, he is left with no alternative but to create demand - Order set aside: HC GST - Cancellation of registration retrospectively - Show Cause Notice and the impugned order are bereft of any details, accordingly the same cannot be sustained: HC GST - Registration could not have been cancelled retrospectively for the period for which returns were filed and taxpayer was compliant: HC GST - Notfn 11/2017-CTR amended by 03/2022 - Work contracts executed before 18 July 2022 - Petitioners should file refund claims before respondent agitating grievance and same be examined and orders passed within 4 months: HC Italy imposes USD 10 mn fine on Amazon for unfair business practices GST - Entire tax liability has been realised by appropriating the amount from the petitioner's bank account, therefore, Revenue interest stands fully secured - Since tax proposal was confirmed without participation of petitioner, order set aside and matter remanded: HC Caste Census is my mission, says Rahul Right to Sleep - A Legal lullaby US warns Pak of punitive sanctions against trade deal with Iran I-T- Income surrendered before approaching Settlement Commission not covered u/s 115BBE, where this provision did not exist during relevant AYs: HC Chinese companies decry anti-subsidy probe by EU I-T- Entire interest expenditure is allowable as deduction if loan funds is not diverted for non-income earning activities/personal purposes : ITAT UK to send military aid package worth USD 619 mn to Ukraine US regulator bans non-compete agreements by employees Air India, Nippon Airways join hands for travel between India and Japan SC grills Baba Ramdev & Balkrishna in misleading ad case


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Allahabad, May 08, 2014 I-T - Whether when computation of book profits is done u/s 115JB, no penalty is warranted even if assessee made false claim of depreciation - YES: HC

Mumbai, May 08, 2014 ST - Mandap keeper - Appellant avails input credit & also claims abatement - when they came to know that credit cannot be availed they stopped taking it - appellant should have reported to Revenue - since that was not done, malafide intention is proved: CESTAT

New Delhi, May 08, 2014 CX - Making of corrugated boxes from craft paper - amounts to manufacture - not liable to ST - Order passed by Addl Commissioner shows his total ignorance to Central Excise Law : CESTAT

New Delhi, May 07, 2014 Sales tax vs Service tax - Whether manufacture, erection, installation and commissioning of lift at customer's premises constitute 'sale' - No, it's Works Contract; Supreme Court Constitution Bench overrules Larger Bench decision

New Delhi, May 07, 2014 CENVAT - Rule 6 - inputs used in manufacture of dutiable & exempted final products - Payment of 8%/separate accounts not applicable for by-products: SC

Allahabad, May 07, 2014 I-T - Whether in absence of satisfaction note recorded by AO of searched person, proceedings initiated u/s 153C is without justification - YES: HC

New Delhi, May 07, 2014 ST - If services have not been received and payment made for said services had been adjusted between Indian and Amsterdam Company, said corresponding value of services would not be liable to Service Tax: CESTAT

Mumbai, May 07, 2014 CENVAT - Floor sweepings arising during course of manufacture of biscuits are waste for appellant - no cause for reversal of CENVAT or payment of duty on floor sweepings: CESTAT

Mumbai, May 07, 2014 DEPB Scheme - FOB value on invoices shown as 400-500 % of ARE-1 value - Normally, proforma invoice will indicate higher value & after negotiation final price would be less than invoice - No business man will enter into such deal - Such a thing can only be in fraud case: CESTAT

New Delhi, May 06, 2014 Income tax - Whether when assessee-manufacturer is engaged in exports of a particular item, receipt from sale of scrap is also includible in total turnover for purpose of Sec 80HHC benefits - NO: Supreme Court

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April 2024 Edition

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

April 24, 2024

TP - Arm's length computation of corporate guarantees issued by assessee in favour of its AEs abroad taken at 1% which has been approved for earlier A.Ys, cannot be disturbed in absence of contrary: ITAT

April 24, 2024

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April 24, 2024

PMLA - Considering money trail and involvement of applicant in crime he is not entitled for anticipatory bail : HC

April 24, 2024

Competition Act - Informant has neither referred to any particular agreement nor provided any document which suggest existence of anti-competitive agreement : CCI

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