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Gadkari faints during campaign; Heat takes toll on his health 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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New Delhi, November 02, 2013 India notifies Cyprus as uncooperative tax jurisdiction under Sec 94A of I-T Act

New Delhi, November 01, 2013 I-T - Whether business loss in form of business expenses against NIL receipt is eligible for set off against income from other sources when interest earned was considered as income from other sources - YES: ITAT

Mumbai, November 01, 2013 Cus - ADD notifn 86/2011 - tolerance is given to product not to limits - tolerance is to be added to width actually found in consignments - in case on hand, width was found to be more than 1250 mm and which already is beyond tolerance limit to attract Anti-dumping duty: CESTAT

Mumbai, November 01, 2013 ST - Appellant is an Authorized Service Station of Tata Motors and, therefore, services rendered by appellant is prima facie classifiable under category of Authorized Service Station - Pre-deposit ordered: CESTAT

New Delhi, October 31, 2013 I-T - Whether voluntary disclosure of income for avoiding litigation and opting for amicable settlement can be a sufficient defence to avoid penalty u/s 271(1)(C) - NO: Supreme Court

Mumbai, October 31, 2013 ST - VCES - Bank accounts of Rs 1.22 Cr attached - Assessee files declaration under VCES - Release of attachment ordered on payment of Rs 8 Lakhs: HC

Bangalore, October 31, 2013 I-T - Whether when assessee, subsidiary of a foreign company, incures certain expenses for acquiring shares from parent for alloting the same under ESOP to employees, such expenses are to be allowed as revenue expenditure - YES: ITAT

Mumbai, October 31, 2013 CX - Brown Sugar is not agri waste - it is residue of manufactured product viz. 'sugar'- brown sugar is also used for human consumption - classification of product under same heading 23.01 as applicable to Bagasse would not alter position about applicability of Rule 6: CESTAT

New Delhi, October 30, 2013 Whether when AO had no occasion to verify shares transactions, which were considered as bogus based on inputs from Investigation wing and for which full particulars were not furnished in original proceedings, it can still be stated that there was change of opinion while issuing notice u/s 148 - NO: HC

New Delhi, October 30, 2013 ST - Review - mere signing on draft note mechanically does not constitute compliance with requirement of application of mind by CCs comprising Committee to twin requirements of decision making process namely, due consideration of material pertaining to order and desirability of preferring an appeal - issue no longer res integra: CESTAT

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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

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April 24, 2024

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