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World Energy Congress 2024: IREDA CMD highlights need for Innovative Financing Solutions Voter turnout surpasses 50% by 4 PM in Phase 2 polls ST - Amendment made to FA, 1994 on 14.05.2015 making service tax applicable retrospectively on chit-fund business is only prospective - Refund payable of tax paid between 01.07.2012 to 13.05.2015: HC XI tells Blinken - China, US ought to be partners, not rivals ST - SVLDRS, 2019 - Amnesty Scheme, being of the nature of an exemption from the requirement to pay the actual tax due to the government, have to be considered strictly in favour of the revenue: HC CX - Issue involved is valuation of goods u/r 10A of CE Valuation Rules, 2000 - Appeal lies before Supreme Court: HC Cus - Smuggling - A person carrying any article on his belonging would be presumed to be aware of the contents of the articles being carried by him: HC Cus - Penalty that could be imposed for smuggling 3.2 kg of gold was Rs.88.40 lakhs, being the value of gold, but what is imposed is Rs.10 lakhs - Penalty not at all disproportionate: HC Cus - Keeping in mind the balance of convenience and irreparable injury which may be caused to Revenue, importer to continue indemnity bond of 115 crore and possession of confiscated diamonds to remain with department: HC Cus - OIA was passed in October 2022 remanding the matter to adjudicating authority but matter not yet disposed of - Six weeks' time granted to dispose proceedings: HC 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 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 NY top court quashes conviction of Harvey Weinstein in rape case


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Mumbai, April 04, 2019 I-T - No profit taxable u/s 45(4) arises in hands of partnership firm upon retirement of partners, in absence of distribution of capital assets in favour of retiring partners: HC

Jaipur, April 04, 2019 I-T - Penalty order is not invalid merely because there was a defect in Notice but same was rectified at time of passing penalty order: ITAT

Chennai, April 04, 2019 CX - Penalty imposed for clandestine removal merits being vacated in light of peculiar nature of trade & trade practices carried on by assessee: HC

Mumbai, April 03, 2019 I-T - Specific portion of object clause in Trust deed is not determinative to conclude that Trust is not charitable in nature so as to deny registration u/s 12A: HC

Bangalore, April 03, 2019 CX - When mobile/other phones cannot work without batteries, they are to be considered as parts of mobile phones and benefit of exemption under Notfn 21/2005 is admissible to them: CESTAT

Chennai, April 02, 2019 I-T - Taxpayer having not filed any objection before AO against initiation of reopening, is not eligible to question jurisdiction of AO under Article 226 of Constitution: HC

Chennai, April 01, 2019 I-T - Purchase of plant & machinery as well as consumption of electricity are not mandatory requirement, for purpose of granting benefit to industrial unit u/s 80IA: HC

Chandigarh, April 01, 2019 Cus - Anticipatory bail cannot be granted to applicant indulging in hawala transactions running into crores of rupees & which threatens national security: HC

Mumbai, March 30, 2019 I-T - Requirement of 20% pre deposit of tax pending appeal is not rigid one and cannot be implemented in all cases of outstanding dues: HC

New Delhi, March 29, 2019 Sales Tax - Courts are obliged to apply strict rule of interpretation while interpreting penal or taxation statutes: SC

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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

April 26, 2024

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

April 26, 2024

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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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