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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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Ahmedabad, April 14, 2014 Works Contract - Appellant cannot be compelled to pay ST under Composition Scheme or value service part by resorting to Rule 2A & thus be held ineligible for CENVAT availed on cement or TMT bars used for factory shed: CESTAT

New Delhi, April 13, 2014 ST - service provided by appellant to customers by facilitating fore-closure of loans clearly falls outside ambit of business auxiliary service: CESTAT

Chennai, April 13, 2014 CX - Penalty - There is nothing with Revenue to establish that conduct of assessee in paying duty on transaction value of rusted inputs, though amendment requiring reversal of credit came into effect from 01.03.2003, was with an intention to evade duty: HC

Paris, April 13, 2014 Major OECD countries trim tax credits & tax-free allowances; personal income tax goes up

New Delhi, April 12, 2014 Delhi VAT - If accounts were not properly maintained, AO had rightly come to conclusion that total possible sale was much higher and conclusion so arrived at was based on sound reasons: Supreme Court

New Delhi, April 12, 2014 ST - CENVAT credit on Courier services - as manufactured goods are notified u/s 4A, 'place of removal' would be factory gate and hence credit of ST paid on outward freight from place of removal is not admissible - however, on issue of limitation, Members have divergent views - Matter referred to TM: CESTAT

Mumbai, April 11, 2014 ST - Appellant is liable to pay tax on taxable services rendered as sub- contractor - eligibility to benefits of Notifn 12/2003 & 1/2006 to be examined by adjudicator - Matter remanded: CESTAT by Majority

Chennai, April 11, 2014 Rule 14 of CCRs, 2004 - Credit taken but not utilized till reversal - Whether Interest and Penalty can be levied? - The controversy of 'and' & 'or' finally comes to an end: High Court

Allahabad, April 11, 2014 Income tax - Whether initiation of re-assessment u/s 147 gets vitiated merely because AO fails to correct assessment completed u/s 143(1) by issuing notice u/s 1432(2) - NO: High Court

New Delhi, April 11, 2014 Cus - Storage of imported goods in a warehouse pending clearance � whether Customs authorities can issue a certificate and order waiver of demurrage charges in all cases � No, says HC

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