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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, September 10, 2013 Cus - print-out generated from PC seized cannot be admitted as evidence for non-fulfillment of statutory condition of Sec 138C - demand based on retracted statement is not maintainable - veracity of panchanama doubtful - LME price cannot be applied to imported scrap: CESTAT

New Delhi, September 09, 2013 ST - Valuation - value of goods and materials supplied free of cost by a service recipient to provider of taxable construction service, would be outside taxable value or gross amount charged: CESTAT Larger Bench

Hyderabad, September 09, 2013 I-T - Whether Section 80IB(1) benefits are available to a builder only if he follows 'Project Completion Method' and not 'Percentage Completion Method' - NO: ITAT

Mumbai, September 09, 2013 CX - there is no provision, which prohibits issuing more than one SCN - S 11A also does not stipulate any such thing - any number of SCN can be issued - first SCN was issued proposing confiscation and second was to demand duty by invoking extended period - penalty & interest correctly imposed: CESTAT

Mumbai, September 09, 2013 ST - In return for forbearance on part of AI in not operating on certain routes & sharing domain knowledge, royalty received - ST demand on entire sum without explaining how foregoing of rights would come under IPR service is not sustainable - Matter remanded: CESTAT

Mumbai, September 08, 2013 ST - Appellant booking cargo space in shipping lines and allotting same to customers - CESTAT holding that any activity other than supply of goods amounts to supply of service and ordering pre-deposit of entire amount of ST - since appellant has an arguable case pre-deposit reduced to 45 lakhs: HC

New Delhi, September 08, 2013 Cus - Sale of revolver by Department - Sec 48 is clearly applicable as imported item, i.e. revolver, is an 'Arm' defined under Arms Act, 1959 - petitioner had failed to furnish proof that revolver purchased by him was of Indian origin - no merit in petition, hence dismissed: High Court

New Delhi, September 07, 2013 India's External Debt is on the rise: Govt

New Delhi, September 07, 2013 Lok Sabha passes Street Vendors Bill, 2012 - protection against eviction to be provided

Bangalore, September 06, 2013 I-T - Whether when employees are paid LTA and medical allowance as advance even before bills are submitted for reimbursement, any TDS obligation arises for employer u/s 192 - NO: ITAT

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Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.

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Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

April 24, 2024

TP - Arm's length computation of corporate guarantees issued by assessee in favour of its AEs abroad taken at 1% which has been approved for earlier A.Ys, cannot be disturbed in absence of contrary: ITAT

April 24, 2024

I-T- DTAA does not get triggered at all when a domestic company pays DDT u/s 115-O of the Act : ITAT

April 24, 2024

PMLA - Considering money trail and involvement of applicant in crime he is not entitled for anticipatory bail : HC

April 24, 2024

Competition Act - Informant has neither referred to any particular agreement nor provided any document which suggest existence of anti-competitive agreement : CCI

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