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ST - Amendment made to FA, 1994 on 14.05.2015 making service tax applicable retrospectively on chit-fund business is only prospective - Refund payable of tax paid between 01.07.2012 to 13.05.2015: HC ST - SVLDRS, 2019 - Amnesty Scheme, being of the nature of an exemption from the requirement to pay the actual tax due to the government, have to be considered strictly in favour of the revenue: HC CX - Issue involved is valuation of goods u/r 10A of CE Valuation Rules, 2000 - Appeal lies before Supreme Court: HC Cus - Smuggling - A person carrying any article on his belonging would be presumed to be aware of the contents of the articles being carried by him: HC Cus - Penalty that could be imposed for smuggling 3.2 kg of gold was Rs.88.40 lakhs, being the value of gold, but what is imposed is Rs.10 lakhs - Penalty not at all disproportionate: HC Cus - Keeping in mind the balance of convenience and irreparable injury which may be caused to Revenue, importer to continue indemnity bond of 115 crore and possession of confiscated diamonds to remain with department: HC Cus - OIA was passed in October 2022 remanding the matter to adjudicating authority but matter not yet disposed of - Six weeks' time granted to dispose proceedings: HC I-T - High Court need not intervene in matter involving factual issues; petitioner may utilise option of appeal: HC China asks Blinken to select between cooperation or confrontation I-T - Unexplained cash credit - additions u/s 68 unsustainable where based on conjecture & surmise alone: ITAT Honda to set up USD 11 bn EV plant in Canada I-T - Re-assessment is invalid where based only on a suspicion that income escaped assessment & where not based on concrete reasons to believe for commencing such proceedings : ITAT Imran Khan banned from flaying State Institutions I-T - Income from sale of flats cannot be computed in assessee's hands, where legal possession of flats had not been handed over to buyers in that particular AY: ITAT Pro-Palestine demonstration spreads across US universities; 100 arrested I-T - Investment activities in venture capital which are not covered in negative list under Schedule III to SEBI Regulations, qualifies for deduction u/s 10(23FB): ITAT NATO asks China to stop backing Russia if keen to forge close ties with West Cus - When Department has not complied with time limit, the order issued for revocation of licence or order issued for continuation of suspension licence cannot sustain: CESTAT NY top court quashes conviction of Harvey Weinstein in rape case Weather prediction normal for phase 2 poll day IndiGo orders 30 Airbus A350s for long hauls ST - Appellant is an 'authorised medical practitioner' providing 'healthcare services' - services exempted in terms of clause 2(i) of notification 25/2012-ST: Commr(A)RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimes REC avails SACE-Covered Green Loan for 60.5 Billion Japanese Yen Study finds Coca-Cola accounts for 11% of branded plastic pollution worldwide Cus - 'Small Form-factor Pluggable Optical Transceivers' are classifiable under CTH 8517 7090 and not under CTH 8517 62 90 - entitled for benefit of duty concession under 57/2017-Cus: CESTAT DoNER discusses Development of Tourism in North East CX - Appellant is eligible for exemption under Notfn 12/2012-CE upon fulfilling all conditions stipulated therein, thus sufficiently establishing that goods dealt with by Appellants qualify for exemption: CESTAT


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Mumbai, September 27, 2013 I-T - Whether income derived from airconditioning and other charges of let out property can be considered as income from other sources entitled for deduction of expenses u/s 57 - YES: ITAT

New Delhi, September 27, 2013 Cus - SAD Refunds - In case of provisional assessments, claim for refund can be made within one year of finalisation of assessment: Delhi HC

Hyderabad, September 26, 2013 I-T - Whether when running division of business is transferred to Group company as per amalgamation plan approved by High Court and no sale consideration is involved, even then such a transfer gives rise to capital gains taxable u/s 50B - NO: ITAT

Ernakulam, September 26, 2013 Cus - Recovery proceedings against defaulter - Properties in name of wife and sons of defaulter cannot be attached: High Court

Mumbai, September 26, 2013 ST - Public facility means facilities owned by Govts - Sports Stadium for conducting Games is non-commercial construction - merely because some amount is charged for using facility, it cannot become commercial - Appellant not liable to ST: CESTAT

Allahabad, September 25, 2013 I-T - Whether when a central agency is engaged in combating money laundering, Income tax search based on inputs from such an agency would be against national interests - YES: HC

Bangalore, September 25, 2013 ST - Laying of optical fibre cables for BSNL and other telecom service providers - Not taxable - Prima facie case made out - Pre-deposit waived: CESTAT

Bangalore, September 25, 2013 CX - Instructions on Adjudication: Tribunal expects a reasoned speaking and fair order to be passed: CESTAT

New Delhi, September 24, 2013 CCEA okays Rs 485 Cr fund for construction of Rajaswa Bhawan National Tax Hqs at Kasturba Gandhi Marg

New Delhi, September 24, 2013 ODI by Indian Companies: RBI clarifies on applicability of Revised Guidelines

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April 26, 2024

I-T - Assessee cannot be prevented from claiming that receipts from sale of software were wrongly offered as royalty, merely because such income was wrongly offered in ROI and which was not revised: ITAT

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I-T- Proceedings commenced subsequent to exercise of revisionary power u/s 263, are unsustainable, where the revisionary order itself came to be quashed: ITAT

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Trade Mark Act - Marks are visually phonetically and deceptively similar to Plaintiffs' trademarks : HC

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