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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, July 17, 2013 I-T - Whether when assessee is restrained from sale of factory land till labour case is settled, any advance taken from developer can be subjected to capital gains even before land user change nod is granted - NO: HC

Chennai, July 17, 2013 Customs - Seizure of gold imported under Indo- Thailand Free trade Agreement - Show Cause Notice cannot be interfered with in writ: HC

Mumbai, July 17, 2013 ST - COD - Vacancy in Govt departments cannot be reason for non-filing of appeals - reason stated is merely of bureaucratic red tape - appeal rejected: CESTAT

Chennai, July 16, 2013 I-T - Capital gains - Whether for purpose of computing relief, assessee is required to first take recourse to Sec 70(3) and then only look at Sec 54EC - NO:HC

Bangalore, July 16, 2013 Cus - Finalisation of Provisional Assessment - Bank guarantee encashed even before order of finalisation despatched to importer - Department directed to remit amounts to importer's bank accounts within seven days: High Court

Mumbai, July 16, 2013 ST - Tour Operator - Appellant enters into agreements with various Cos for providing transport to employees from residence to office & back - benefit of notfn. 20/2009 not available as notification excludes hire services - Pre- deposit ordered: CESTAT

New Delhi, July 15, 2013 I-T - Whether it is mandatory for Settlement Commission to record findings on full disclosure of particulars of undisclosed income and 'the manner' in which such income was derived by assessee - NO: Delhi HC

Mumbai, July 15, 2013 ST - Notional interest on security deposit for rented premises - whether to be treated as additional sum for payment of ST - Pre-deposit waived and stay granted: CESTAT

Mumbai, July 15, 2013 Cus - Notfn. 21/2002 - Whether Metropolitan Regional Devt Authority is Road Construction Corpn under control of State of Maharashtra or not? - As there are divergent views of Tribunal on same issue, matter referred to President for constituting Larger Bench: CESTAT

Guwahati, July 14, 2013 I-T - Whether when assessee receives subsidies like transport, power, insurance & interest, they go to reduce expenses of Industrial Undertaking eligible for Sec 80IB benefits - YES: HC

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April 2024 Edition

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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