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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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New Delhi, February 02, 2014 MoU signed for setting-up Hydrocarbon Sector Skill Council

New York, February 02, 2014 Achieving crop biodiversity is key to feed 9 bn world population by 2050: FAO Study

New Delhi, February 01, 2014 Mumbai Real Estate promoters are in real trouble; Two arrested for evading Rs 3 Cr service tax

New Delhi, February 01, 2014 GDP - First Revised Estimates pegs growth rate at 4.5%; Per Capital Income up only by 2.1%

New Delhi, February 01, 2014 Total trade of goods & services crosses USD one trillion-mark

New Delhi, January 31, 2014 Income Tax - willful failure to file return - offence under Section 276CC - Pendency of appellate proceedings is not factor for not initiating prosecution: SC

Mumbai, January 31, 2014 ST - Whether appellant, being a sub-contractor, is not liable to pay service tax prior to 23/08/2007 in view of clarification issued by Revenue vide Master Circular No. 96/7/2007 dated 23/08/2007 - Difference of Opinion - Matter referred to Third Member: CESTAT

Ahmedabad, January 31, 2014 Income tax - Whether loss claimed is to be allowed even if assessee fails to produce documents on pretext that same were seized by Central Excise Department - NO: ITAT

Mumbai, January 31, 2014 CX - Classification - Programmable Logic Controllers are correctly classifiable under CETH 8537 and not under CETH 9032 or CETH 8471 as claimed by assessee - Demand confirmed, however, since issue concerns classification dispute, penalty set aside: CESTAT

Lucknow, January 30, 2014 Service Tax - No EA 2000 Audit by Departmental Officers: High 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 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

PMLA -Bail application can be dismissed as petitioner failed to satisfy conditions for grant of bail : HC

April 26, 2024

Trade Mark Act - Marks are visually phonetically and deceptively similar to Plaintiffs' trademarks : HC

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