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Jio turns world’s top telco in terms of data traffic India takes part in 'Institutionalization of SMART Government for Improving Service Delivery' in London Gadkari faints during campaign; Heat takes toll on his health 'Sunflowers were the first ones to know' - film by FTII student selected at Cannes SARFAESI Act - Award of interest on auction money at rate applicable to fixed deposits is not a correct view and rate of interest deserves to be enhanced: SC (See 'TIOLCorplaws')ST - Chit Funds - Tax was not paid under mistake of law but upon demand by tax authorities - Refund not having been filed within time was rightly rejected: HC SC asks EC to submit more info on reliability of EVMs GST - Without considering reply on merits, proper officer has held that reply is unsatisfactory and, therefore, he is left with no alternative but to create demand - Order set aside: HC GST - Cancellation of registration retrospectively - Show Cause Notice and the impugned order are bereft of any details, accordingly the same cannot be sustained: HC GST - Registration could not have been cancelled retrospectively for the period for which returns were filed and taxpayer was compliant: HC GST - Notfn 11/2017-CTR amended by 03/2022 - Work contracts executed before 18 July 2022 - Petitioners should file refund claims before respondent agitating grievance and same be examined and orders passed within 4 months: HC Italy imposes USD 10 mn fine on Amazon for unfair business practices GST - Entire tax liability has been realised by appropriating the amount from the petitioner's bank account, therefore, Revenue interest stands fully secured - Since tax proposal was confirmed without participation of petitioner, order set aside and matter remanded: HC Caste Census is my mission, says Rahul Right to Sleep - A Legal lullaby US warns Pak of punitive sanctions against trade deal with Iran I-T- Income surrendered before approaching Settlement Commission not covered u/s 115BBE, where this provision did not exist during relevant AYs: HC Chinese companies decry anti-subsidy probe by EU I-T- Entire interest expenditure is allowable as deduction if loan funds is not diverted for non-income earning activities/personal purposes : ITAT UK to send military aid package worth USD 619 mn to Ukraine US regulator bans non-compete agreements by employees Air India, Nippon Airways join hands for travel between India and Japan SC grills Baba Ramdev & Balkrishna in misleading ad case


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Mumbai, November 05, 2013 I-T - Whether when assessee receives payments after TDS and such deduction is deposited in Treasury, assessee can still write off such sum as short receipt merely because it did not receive TDS Certificates from payers - NO: ITAT

Chennai, November 05, 2013 ST - Appeal to Commissioner (A) - Amendment of Sec 85 of Finance Act, 1994 - Time for filing appeal reduced to two months – Whether provision applicable for orders passed prior to May 28, 2012? - No: HC

Mumbai, November 05, 2013 CENVAT - appellant undertakes testing services abroad and pays ST - ST distributed by HO to Daman unit - notwithstanding fact that testing has been done for product yet to be manufactured, it does not disentitle appellant to credit - stay granted: CESTAT

Mumbai, November 04, 2013 ST - Appellant employing personnel belonging to Parent Co - 75% salary paid by Group Co in Germany and thereafter debit notes raised on appellant - method of disbursement of salary cannot determine nature of transaction - it is not Manpower Supply - Appeals allowed: CESTAT

Allahabad, November 04, 2013 I-T - Whether a notice for reassessment once issued and accepted voluntarily, can later be challenged on technical ground - NO: HC

New Delhi, November 04, 2013 CX - entire case of Revenue rests on evidence with regard to bogus transactions of M/s Pasondia Steel for supply of CR Sheets by showing fake productions - however this evidence is of no relevance to present case where claim is they have purchased HR Coils - Revenue appeal dismissed: CESTAT

New York, November 03, 2013 UN-sponsored awards recognise innovative green projects

Mumbai, November 03, 2013 ST - As per Rule 6(3) of STR adjustment for excess service tax paid is only in respect of services which are not provided by service provider - adjustments in respect of volume discounts and other rebates is prima facie not covered - pre-deposit ordered: CESTAT

Mumbai, November 02, 2013 Cus - CVD - Import of Avianceslimline Lipsticks SPF 5 - for purpose of CVD, transaction value as per s.4 should be taken as AV and not on basis of s 4A as lipsticks of weight 2.2 gm/pc is not subject to SWAM Act, 1976 - Appeal allowed: CESTAT

Seoul, November 02, 2013 Base Erosion & Profit Shifting: OECD Meet for voice of developing countries in development of work

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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.

April 24, 2024 | New Delhi

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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 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 24, 2024

PMLA - Considering money trail and involvement of applicant in crime he is not entitled for anticipatory bail : HC

April 24, 2024

Competition Act - Informant has neither referred to any particular agreement nor provided any document which suggest existence of anti-competitive agreement : CCI

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