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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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Mumbai, February 16, 2014 CX - Classification of Brown Sugar under same heading 23.01 as applicable to Bagasse would not alter position about applicability of Rule 6: CESTAT

New Delhi, February 15, 2014 Increased production of bank notes by SPMCIL to cushion withdrawal of notes printed prior to 2005

Ahmedabad, February 15, 2014 Cus - SCN issued is for finalization of classification on basis of proposal and prima facie opinion of department rejecting classification - therefore, this is not a case where recovery of duty under s. 28 is preceded finalisation of classification - SCN is not without jurisdiction: High Court

Ahmedabad, February 14, 2014 Central Excise - CENVAT Credit - Penalty under Rule 15(2) of CCR, 2004 - validity of Rule upheld: High Court

Hyderabad, February 14, 2014 Income tax - Whether once a charitable institution gets registered u/s 12AA, it ipse dixit entitles the assessee to get benefits under Ss 11 or 12 - NO: AP High Court

New Delhi, February 14, 2014 Cus - Whether, if appellant has waived his right to waive SCN he foregoes right to challenge proposed action in SCN forever - Whether, without adducing any evidence, can Revenue discard declared transaction value - difference of opinion - Matter referred to TM: CESTAT

Mumbai, February 14, 2014 CENVAT - there is no bar in CCR, 2004 that capital goods cannot be sent to job worker - although capital goods could not be returned 'as such' after usage, in that circumstances also credit cannot be denied: CESTAT

Ahmedabad, February 13, 2014 Income tax - Whether when assessee, engaged in exports, outsources preparation of food items and does not supply any controlled raw materials to its jobworkers, it can even then claim Sec 10B benefits - NO: HC

New Delhi, February 13, 2014 Customs - reassessment - Customs directed to pass reasoned order on importer's application for re-assessment: HC

Mumbai, February 13, 2014 CX - ATM Rolls are classifiable under CETH 4901 attracting Nil rate - appellant paying amounts under rule 6 and same is proper - in view of HSN Explanatory Notes, no merit in Revenue's allegation: CESTAT

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