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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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Mumbai, October 30, 2013 Cus - Refund - Sections 22 & 27 - Ascertainment of damage to imported goods has been done by re-exporting same for repairs and upon re-import by paying duty on repair and freight charges - refund of duty paid second time correctly allowed by appellate authority: CESTAT

Mumbai, October 29, 2013 I-T - Whether if assessee or its representative is not present at time of hearing, Tribunal has authority to dismiss the case for default - NO: Bombay HC

Mumbai, October 29, 2013 ST - appellant manufacturing Industrial gases & also supplying vacuum insulated storage tanks to customers for fixed term by charging Rs 27,500/- per month - as per agreement, tank always remains property of appellants and same was only 'loaned' for use - Appeals allowed: CESTAT

Chennai, October 29, 2013 CX - Valuation - Duty paid on inter-unit transfer of finished goods under Rule 8 by adopting CAS 4 - Demand of duty by including Inter Divisional Service Charges accounted for as per AS 17 is prima facie not sustainable – Stay granted: CESTAT

New Delhi, October 28, 2013 I-T - Whether when assessee makes huge investment for acquiring controlling stake in loss-making company, its expenditure warrants disallowance u/s 14A for lack of earning dividend income - NO: ITAT

Mumbai, October 28, 2013 ST - Appellant paying tax as Online information provider - registration fee is adjusted to first purchase and no refund if no purchase - same is required to be added to gross value - Revenue's appeal allowed: CESTAT

Mumbai, October 28, 2013 CX - Goods supplied against International Bidding - clause (e) or clause (g) of clause 8.2 of FTP is relevant for granting deemed export benefit and has no relevance whatsoever for granting exemption under Notification 6/2006: CESTAT

Mumbai, October 28, 2013 Cus - Self propelled tug imported for petro operations & certificate obtained from Ministry – Tug was used for salvage operations due to oil spill resulting from collision between two vessels – stay granted: CESTAT

Mumbai, October 27, 2013 Cus - CVD - S 4A of CEA, 1944 - Fevistick or Gluestick - Glues are pre-packaged and are sold by weight which is clearly indicated on packages - Since net weight is less than 10 gm appellant is exempted from declaring RSP - therefore, CVD to be paid on basis of transaction price: CESTAT

New Delhi, October 27, 2013 Teledensity in urban areas declines; Mobile portability - Maximum requests come from Rajasthan & Gujarat

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