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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 CX - Appellant has regularly filed statutory returns on monthly basis and the fact of clearance of goods and availment of credit was duly reflected in returns but same has not been examined by authorities below, impugned order is not sustainable: CESTAT 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 1st phase polling - Close to 60% voter turnout recorded Ministry of Law to organise Conference on Criminal Justice System tomorrow GST - To effectively contest the demand and provide an opportunity to petitioner to place all relevant documents, matter remanded but by protecting revenue interest: HC Govt appoints New Directors for 6 IITs Nexus between Election Manifesto and Budget 2024 in July!Israel launches missile attack on Iran EC holds Video-Conference with over 250 Observers of Phase 2 polls


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Mumbai, February 12, 2014 ST - Coaching - in view of fact that appellant is set up by Govt and had belief that no tax is payable on basis of Tribunal decisions prior to retro amendment, same would prima facie establish that demand is time barred: HC

Ahmedabad, February 12, 2014 Income tax - Whether when assessee enters into agreement for transporting employees of Research Institute and hires vehicles on rent to fulfil obligations, any TDS liability u/s 194C arises on payments made in this regard - NO: HC

New Delhi, February 12, 2014 CX - Comments by Third Member are not appropriate and proper inasmuch as Third Member is not deciding matter in an appellate capacity and as such, is not in position to comment upon orders recorded by his co-brothers: CESTAT

Ahmedabad, February 11, 2014 Income tax - Whether when municipal authorities collect licence fees for putting up hoardings either on municipal land or private land, such receipt is to be treated as business income as per provisions of Sec 28 - NO: HC

Bangalore, February 11, 2014 ST - CENVAT Credit - Definition of input service is worded in broad manner so as to bring within its ambit services availed by provider of taxable service, whether directly or indirectly - Adjudicating Authority dealt with the issue in cavalier and irresponsible way: CESTAT

Mumbai, February 11, 2014 Pre-deposit - it is most unfortunate that Tribunal did not wait for hearing of appeal by HC - Tribunal shall henceforth not dismiss any appeal for non-compliance with pre-deposit order and give time to appellant to obtain urgent orders from Court where Tribunal is informed about appeal pending before Court: HC

Mumbai, February 10, 2014 Cus - CHA not allowed to function inspite of Tribunal orders - complete defiance - Commissioner directed to implement order forthwith and also directed to Show Cause as to why contempt should not be initiated against him: CESTAT

Chennai, February 10, 2014 Income tax - Whether when agreement which assessee entered into gets terminated, all expenses relating to such agreement is allowable as revenue expenditure - YES: ITAT

Kolkata, February 10, 2014 ST - Composite services of transportation of materials where loading & unloading is ancillary are GTA Services - activities undertaken by contractor inside works non-taxable - recipient of GTA services has paid tax under Reverse Charge - stay granted: CESTAT

Mumbai, February 10, 2014 CX - Excess amount of CENVAT credit reversed is not duty, therefore, provisions of Sec 11B not applicable - Assessee entitled to take suo motu credit - no requirement of filing refund claim: CESTAT

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

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