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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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New Delhi, December 20, 2013 CESTAT - Appeals - Demands against Government Departments nullity if Union of India is not arrayed as a party to lis - Proceedings against State actors instead of State not valid - Every Officer of the Government is not State: CESTAT

Mumbai, December 20, 2013 ST - Reading of agreement with BSNL indicates that personnel supplied are expected to work as security guard - service provided is that of security agency and not Manpower supply - Wages cannot be called reimbursable expenses as these are not incidental but main element in providing service: CESTAT

New Delhi, December 20, 2013 I-T - Whether share application form is unimpeachable document, and same can be considered for cross-verification of transaction of share transfer -NO: HC

Mumbai, December 20, 2013 CX - Rule 8(3A) - It is settled law that no provision should be read in such manner so as to make it otiose - since appellant has defaulted in payment of duty for more than 30 days, appellant is not entitled to utilize CENVAT Credit - Pre-deposit ordered of Rs 7.4 Cr: CESTAT

Geneva, December 19, 2013 G-20 Members has put 116 new trade curbs in past 6 months: WTO Report

Allahabad, December 19, 2013 I-T - Whether when there is no approved layout plan and any instance of sale, resorting to development method is 'most appropriate method' for purpose of valuation of property - YES; HC

New Delhi, December 19, 2013 CX - SSI Exemption - Use of brand name - Sticker of another company is enough bar to exemption; Use of such sticker not informed to Department extended period of Limitation applicable: CESTAT by majority

Mumbai, December 19, 2013 Cus - Conversion of Shipping Bill - Exporter cannot be penalized for inaction of department - Shipping bill was passed without any objection at time of shipment and it is also not case of department that goods have not been exported and export proceeds has not been realized - appeal allowed: CESTAT

New Delhi, December 18, 2013 CX - CENVAT Credit on HSD - Finance Act 2000 disallowed CENVAT Credit on HSD and any credit taken was to be reversed within thirty days of enactment - If not reversed, interest at 24% leviable: Supreme Court

Mumbai, December 18, 2013 ST - Appellants are owners of properties and allowed ABCTCL to run Café Coffee Day - there is nothing to indicate that they marketed goods or for that matter rendered any auxiliary service - Demand not sustainable: CESTAT

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