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Chinese economy spikes by 5.3% in first quarter UPSC releases results of Civil Services 2023; Aditya Srivastava tops the list India’s exports marginally dips into minus in March month Diversion of goods imported under Advance Licence to Open Market: Mens rea upheld Seasonal rainfall likely to be 106 % of Long Period Average: IMD Workshop held for Eco-friendly Measures for Holistic National Highway Development I-T- Mere existence of power to assess or reassess six AYs' immediately preceding AY corresponding to year of search or 'relevant assessment year' would not justify invocation of Section 153C - HC What was Biden’s income in 2023? - ITR shows USD 6.2 lakh I-T - Act & Rules thereto provide a method for service of notices & orders; communication of notices before any action is taken, is mandatory: HC Mumbai Police nabs two shooters involved at random firing at Salman’s house I-T- Assessee cannot be expected to be logged in to I-T portal at all times, so as to be notified of actions taken by Department: HC IRS fears spurt in crypto tax evasion cases I-T - Expenses written off is only allowable if assessee offers said amount as income in previous years: HC Breast cancer to kill over 10 lakh women by 2040: Lancet Report I-T- Deduction u/s 35(1)(ii) in respect of donation made to scientific research institute, is rightly denied, where no evidence is furnished to show valid approval was taken from prescribed authority for taking donation: ITAT China’s bubble tea stirs global buzz I-T- Penalty imposed u/s 271(1)(c) merits being quashed where exact charge between concealment of facts and furnishing inaccurate particulars of income, are not specified : ITAT Samsung gets USD 6.4 bn in subsidy for Texas chip production I-T- Penalty is unwarranted where the complete factual data pertaining to Assessee's claim was also available before AO during the course of assessment : ITAT India to resume FTA talks with EU next month I-T- Assessee has not involved in manipulation of stock prices for purpose of earning bogus LTCG : ITAT PM says he has big plans for country TCS to hire 25K freshers in 2025 GST - Retrospective cancellation of registration - Complete non-application of mind - Order refers to a reply filed whereas fact is that the proprietor had passed away and no reply had been filed: HC Election Commission seizes over Rs 4600 Cr cash - highest for LS polls GST - Proper officer has not applied his mind but dismissed the reply submitted as not satisfactory - Order set aside and matter remitted: HC IMD says it is likely to be above-normal Monsoon for India Protesters demanding restoration of monarchy and Hindu State lathicharged in Kathmandu


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Ahmedabad, October 04, 2013 Cus - Export of meat - veterinary doctors certificates doubted - duty demanded - Prima facie Customs cannot demand duty from exporters on any irregularity noticed by them and they should necessarily refer matter to DGFT - pre-deposit waived: CESTAT

New Delhi, October 03, 2013 Cabinet approves National Policy on Universal Electronic Accessibility

Vizag, October 03, 2013 I-T - Whether the term 'assessee' used in Sections 54B and 54F can also be extended to major married daughters - NO: ITAT

Bangalore, October 03, 2013 ST - Commissioner (A) dismisses Stay application and Appeal without hearing - Appeal restored on pre-deposit of tax and interest: CESTAT

New Delhi, October 03, 2013 CX - SSI Exemption - Goods manufactured on job work basis by loan licence - clearances to be clubbed - Pre-deposit ordered: CESTAT by majority

New Delhi, October 02, 2013 I-T - Whether interest on interest is payable by Revenue only if it fails to pay refund and interest within statutory period - YES: SC Larger Bench

New York, October 02, 2013 UN Experts urge Govt of India to halt POSCO steel project to address human rights concerns

New Delhi, October 01, 2013 I-T - Whether when assessee wittingly reports a particular income under a wrong head to take certain benefits, penalty imposed for concealment is sustainable in law - YES: Delhi HC

Bangalore, October 01, 2013 Commissioner has not explained reasons - We hope that at least this time all submissions made by appellant shall be considered and a well-reasoned order shall be passed by original adjudicating authority: CESTAT

Mumbai, October 01, 2013 CENVAT - Rule 4(5)(a) nowhere envisages that waste and scrap generated at job-worker's premises should be brought back by supplier and if they are not brought back, supplier of raw material is liable to discharge excise duty liability - stay granted: CESTAT

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April 16, 2024

TP - Not adopting mandatorily prescribed methods to determine ALP in respect of fees of technical services payable by Assessee to its AE, make entire Transfer pricing Agreement unsustainable: ITAT

April 16, 2024

TP - If any third party rate is not considered for particular date of contract due to non availability of data, would not enable TPO to reject method adopted by assessee: ITAT

April 16, 2024

Companies Act - ROC's decision of rejecting application for conversion is not contrary to legislative intent of Section 18 : HC

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PMLA - If criminal case against person is quashed then there can be no offence of money laundering against him : HC

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