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Musk defers India’s trip citing heavy Tesla obligations India needs to design legislative pills to euthanise tax-induced expatriation!I-T- Exercise of jurisdiction u/s 263 is invalid if AO has taken particular view, which though, may not be only view, but certainly can be possible view : ITAT Torrential rains cause havoc in Pakistan; 87 killed I-T- Additions framed on account of unexplained money upheld as assessee was unable to prove source of cash deposited in assessee's bank account : ITAT US imposes sanctions on 3 Chinese firms and one from Belarus for transfering missile tech to Pakistan CX - Appellant has regularly filed statutory returns on monthly basis and the fact of clearance of goods and availment of credit was duly reflected in returns but same has not been examined by authorities below, impugned order is not sustainable: CESTAT Dubai terribly water-logged as it has no storm drains ST - When services are received from separate source & accounted separately in separate ledgers, there cannot be any question of clubbing them under one category: CESTAT EU online content rules tightened against adult content firms Cus - The continuous suspension of license of Customs Broker without either conducting an inquiry or issuing a notice for revocation of license or imposition of penalty is bad in law and needs to be set aside: CESTAT EV market cools off in US; Ford, GM eyeing gas-powered trucks Apple China tosses out WhatsApp & Threads from App store after being ordered China announces launch of new military cyber corps Railways operates record number of additional Trains in Summer Season 2024 GST - Assessing officer took into account the evidence placed on record and drew conclusions - Bench is, therefore, of the view that petitioner should present a statutory appeal: HC 1st phase polling - Close to 60% voter turnout recorded Ministry of Law to organise Conference on Criminal Justice System tomorrow GST - To effectively contest the demand and provide an opportunity to petitioner to place all relevant documents, matter remanded but by protecting revenue interest: HC Govt appoints New Directors for 6 IITs Nexus between Election Manifesto and Budget 2024 in July!Israel launches missile attack on Iran EC holds Video-Conference with over 250 Observers of Phase 2 polls


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Mumbai, October 23, 2013 CX - S.4 - Freight collected separately and goods delivered at buyer's premises - Whether cost of transportation should be excluded from sale price to arrive at AV - AV for purpose of excise must be only in terms of Act alone and not on basis of VAT Act - Pre-deposit ordered of Rs 4 Crores set aside: HC

New Delhi, October 23, 2013 UP Trade Tax - Fly Ash used in Cement - grant of rebate for units manufacturing cement using Fly ash in certain districts of UP alone discriminatory - 'Struck down' : Supreme Court

Mumbai, October 23, 2013 ST - Sec 66A is attracted only when services are received in India by person situated in India even if such persons may have PE abroad - If services rendered abroad have been subject to local taxation, question of levying ST in India on very same transactions would not arise at all: CESTAT

Mumbai, October 22, 2013 I-T - Whether Revenue is under obligation to allow TDS Credit even if deductors have not issued TDS Certificates nor properly uploaded details in Form 26AS - YES: ITAT

Mumbai, October 22, 2013 MRP Valuation - Packaged drinking water sold at MRP of Rs 50 but declared as Rs 30 so as to be within purview of SSI limit - purchase orders show that goods were sold at prices higher than that declared - there is no nexus between RSP and prices at which goods are sold to institutional customers - Pre-deposit ordered: CESTAT

Mumbai, October 22, 2013 ST - Appellants are not having any tourist bus hence are not covered under scope of 'Tour Operator Service' - consequently benefit of notfn. 39/97 not available - demand upheld - since appellant was filing ST-3 returns, penalties set aside - Appeal disposed of: CESTAT

New Delhi, October 21, 2013 I-T - Whether in case manufacturing activity is performed by a third party, assessee can claim deduction u/s 80I in respect of such manufactured items: HC

New Delhi, October 21, 2013 Assistant Director, CEI , has no locus standi to challenge order of the Settlement Commission : Settlement Commission - Minority decision upheld : High Court

Mumbai, October 21, 2013 SAD Refund - there is mismatch between goods imported and sold in domestic market - if appellant has cut imported coil, length can vary but not thickness - no evidence in support that goods sold on VAT payment in domestic market are same as those imported - refund rightly denied: CESTAT

New Delhi, October 20, 2013 Radia Tapes: SC smells scams in many deals involving corporate houses and government officials; Orders fresh probe

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I-T- Onus of establishing receipt of services from Associated Enterprise has to be discharged on year to year basis by assessee company: ITAT

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