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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, October 17, 2013 Cus - Notfn 97/2004 - Appellant imports machinery under EPCG but installs same in mines for rental - actual user condition violated - Joint DFGT imposed penalty of Rs 25 lakhs - consequently appellant would no longer be eligible for benefit of said Notification - penalty upheld: CESTAT

Mumbai, October 16, 2013 CX - Refund - Certainty promotes rule of law - While adjudicating upon refund it is necessary for AOs & appellate authorities to dispose of all objections so that proceedings do not remain pending for years - HC directs CBEC to issue necessary guidelines

Mumbai, October 16, 2013 CX - S 4 - Valuation - There is no merit in argument that where goods are delivered at customers' premises at a pre-agreed rate of transportation, cost of transportation should be excluded from sale price to arrive at AV - Pre-deposit of Rs 4 Cr ordered: CESTAT

Ahmedabad, October 15, 2013 I-T - Whether legal fiction created u/s 50 can also curb application of Sec 54EC if assessee makes investment in tax-free bonds - NO: Gujarat HC

Mumbai, October 15, 2013 ST - Citi Bank entrusted processing of transactions to appellant - since computerized data processing is excluded from scope of BAS, question of confirmation of demand does not arise - Demand not sustainable because SCN allegations and ground for confirmation are at variance - appeal allowed: CESTAT

New Delhi, October 15, 2013 CX - When two exemption Notifications are available to an assessee, he can always opt for one which is most beneficial for him and in this regard Department cannot force assessee to avail particular exemption Notification - Stay granted: CESTAT

Mumbai, October 15, 2013 CENVAT - It is admitted fact that prior to 10/09/2004 appellant was not registered as output service provider - If that be so, question of availing or taking any credit in respect of input service received prior to 10/09/2004 would not arise ab initio: CESTAT

Ahmedabad, October 14, 2013 Central Excise – 100% EOU – DTA Clearances -No Third Time Cess: High Court

New Delhi, October 14, 2013 CENVAT - Amount of 5%/10% paid by manufacturer in terms of rule 6 is ‘recovered' from customers - Revenue taking view that said recovery should be treated as 'additional consideration' and again 10% should be paid- Matter referred to Third Member: CESTAT

Chennai, October 14, 2013 I-T - Whether when holding company transfers its shares to wholly owned subsidiary at book value, same can be taxed under provisions of Gift Tax - YES: Madras HC

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