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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 Israel-Iran War: A close shave for Global Economy but for how long?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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Geneva, November 17, 2013 Widening income gaps is ranked second among top 10 global trends: WEF Survey

New Delhi, November 16, 2013 ADB paper disapproves Chinese local Govts' tax sops race to lure FDI

Paris, November 16, 2013 Common man losing trust in governments in OECD countries: Report

New York, November 15, 2013 As global sea levels continue to rise, 2013 to be among warmest on record: WMO

Mumbai, November 15, 2013 ST - Appellant, Mandap keeper, collects compulsory donation from service recipients while booking hall for social functions - such sums are required to be taken into consideration for arriving at gross value - since appellant never disclosed factum of collecting donations, extended period is rightly invoked: CESTAT

New Delhi, November 14, 2013 I-T - Whether provisions of Sec 133(6) vest powers in AO to indulge in fishing information of general nature and there is no need for assessee to cooperate only if there is assessment pending - YES: SC

Bangalore, November 14, 2013 I-T - Whether when retiring partner takes only money towards value of share and there is no distribution of assets, even then firm is liable to capital gains tax u/s 45(4) - NO: HC Full Bench

New Delhi, November 14, 2013 ST - Chartering of tankers for transportation of LNG - Deemed sale - not taxable under Supply of Tangible Goods - No tax under reverse charge: CESTAT

Mumbai, November 14, 2013 CX- s. 2(f) - Applicant importing Polymer by classifying under Ch. 39 and taking CENVAT - after repacking, same is cleared under Ch. 38 on payment of duty on Transaction value - activity cannot be considered as manufacture as no such chapter note exists in Ch.39: CESTAT

Bangalore, November 13, 2013 I-T - Whether sum forfeited due to cancellation of contract in excess of agreed liquidated damages for making good of loss of business opportunity amounts to revenue receipt - YES: HC

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Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.

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Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

April 24, 2024

TP - Arm's length computation of corporate guarantees issued by assessee in favour of its AEs abroad taken at 1% which has been approved for earlier A.Ys, cannot be disturbed in absence of contrary: ITAT

April 24, 2024

I-T- DTAA does not get triggered at all when a domestic company pays DDT u/s 115-O of the Act : ITAT

April 25, 2024

IBC - Even if CIRP commences, Directors, who are incharge of affairs of Company cannot be absolved of any wilful default committed by borrower Company : HC

April 25, 2024

SARFAESI Act - Writ petition can be disposed of as infructuous as one time settlement has been entered into between parties : HC

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