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US Presidential Poll: Tall promises by Hopefuls elbow economy closer to tax-doom-loop!Sourav Ganguly goes to Police against cyberbullying Yadav calls for development of sustainable, Inclusive low-carbon transport systems Fed lives up to global expectations; cuts interest rate by 0.5% - first cut in last 4 years Mandaviya chairs meeting to provide Social Security to Gig and Platform Workers Cus - Import of Areca Nuts - Department did not follow procedure laid down by CBEC for verification or testing/re-testing, to establish true origin of goods; Nuts imported from Sri Lanka otherwise meet requirements for duty-free import under Notfn No 26/2000-Cus: CESTAT CAQM announces revised GRAP schedule for Delhi-NCR China to be on top of agenda at Quad meeting: White House Cus - No proper evidence is found towards Customs Officer's involvement in fraud, the allegation that appellant has actively colluded with Customs officials cannot legally sustain, penalty imposed on appellant also cannot sustain: CESTAT India's position is of a 'Vishwa Bandhu' in global world order: CDS Gen Anil Chauhan ST - The contracts being composite in nature and demand having been raised under Construction of Residential Complex Services, demand of service tax cannot sustain for the period after 01.07.2010 also: CESTAT Govt organises 'FAME's Success in Transforming India's EV Landscape: From Vision to Reality'Death toll rises to 21 in second wave of blasts in Lebanon - it was Walkie-Talkie after pager I-T - Miscellaneous income such as commission, discount charges, sale of wastages and diesel sales are to be treated as income derived from industrial undertaking: HC Germany halts exports of weapons to Israel I-T - If any statute has been enacted, there cannot be insertion of any word beyond the contents of the statute: HC I-T - Contributions to PF/ESI paid before the due date u/s 139(1) of the Act are allowable as deduction: ITAT Baltimore Bridge collapse: US seeks USD 100 mn compensation from Singapore-based ship owner I-T - No license is granted under Income tax Act to misuse presumptive scheme of taxation and camouflage undisclosed income from unexplained sources under guise of turnover/gross receipt: ITAT I-T - If no return of income is filed by tax-payer, then appeal can only be admitted by CIT (A) only when tax-payer has paid advance tax which was payable by him: ITAT Faux cybercrime platforms busted in global operations; 51 arrested by Europol I-T - Dismissal of assessee's appeal in limine by CIT(A), without going into merits of issues, solely due to non-appearance of assessee, is unsustainable, being in direct contravention of Section 250(6): ITAT I-T - CIT(A) has powers co-terminus with those of the AO and is permitted under law to make own inquiry or direct AO to inquire into the matter, in case of assessee's absence : ITAT IMF pauses Mission to Moscow after Kyiv protests Cabinet okays National Centre of Excellence for Animation, Visual Effects & Gaming Cabinet accepts recommendations of High-Level Committee on Simultaneous Elections Cabinet gave approval for CHANDRAYAAN-4 Mission Income tax collections till Sept 15 up by 16%After Moon and Mars, India sights science goals on Venus Cabinet approves Pradhan Mantri Janjatiya Unnat Gram Abhiyan ISRO to develop launch reusable vehicle with high payload Japan, France to ink military pact by year-end FM holds 2nd review meeting on Capex for Ministry of Railways Cyber fraud - posing as CBI officer - Railway staffer loses Rs 9 lakh Global Renewable Energy Meet: Investment commitments of Rs 32.45 lakh Cr poured: Joshi Provisional Attachment - Precaution, Persecution, Penury?Dak Ghar Niryat Kendra expands export services with automated IGST Refund facility The Delay Dynamics


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New Delhi, June 06, 2013 I-T - Whether when an undertaking employs workers of sister concern and has total control over him regarding the work done, deduction u/s 80I can be availed by undertaking - YES: Delhi HC

Mumbai, June 06, 2013 CENVAT � In case commissioning of plant is done by different party, then prima facie assessee who undertakes maintenance activity cannot take credit for ST paid on commissioning � Pre-deposit ordered: CESTAT

New Delhi, June 06, 2013 Cus - Denial of Cross examination of witnesses � Unless exceptional circumstances exist, opportunity of cross examination cannot be denied � Delhi HC remits matter to Tribunal

New Delhi, June 05, 2013 Whether when certain income of an 'intimately connected' assessee is held to be taxable in hand of another assessee, reassessment beyond six years cannot be initiated without affording an opportunity to the another assessee - YES:HC

Mumbai, June 05, 2013 Appellant collecting ST from customers but not paying to govt - question of showing any leniency would not arise as appellant has played a fraud on exchequer and any leniency would send wrong signals - Pre-deposit ordered: CESTAT

Ahmedabad, June 05, 2013 CX � Valuation - Just because appellant has mentioned 'exclusively for industrial use' and 'not to be sold in loose', Rule 34 cannot be compulsorily applied - unless assessee claims exemption from printing MRP under Rule 34 of SWM Rules, MRP is required to be printed - Appeal allowed: CESTAT

Hyderabad, June 04, 2013 I-T - Whether merely because AO order does not contain reasons as to why he accepted assessee�s claim, his order becomes susceptible for revision u/s 263 - NO: AP High Court

New Delhi, June 04, 2013 ST - Commercial Training or Coaching Service - CBEC Circular restricting exemption under Notification No 12/2003 only to standard text books is illegal and unauthorized: CESTAT

Mumbai, June 04, 2013 Customs Valuation - Strictures against Deputy Commissioner, GATT Valuation Cell, Mumbai - High Court remands matter with a direction to Commissioner to assign job to some other officer for adjudication

New Delhi, June 03, 2013 FSDC reviews credit quality of banking system and addl capital needs under Basel III

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Undervaluation of Imported Aluminium Scrap

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September 19, 2024

DTAA - penalty cannot be imposed where assessee is under bona fide belief that TDS is already paid and that no further payment is required: ITAT

September 18, 2024

TP - Assessee entitled to voluntary transfer pricing adjustment as per Section 92C: ITAT

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IBC - obstruction of implementation of resolution plan and forfeiture of share application money passing it as performance guarantee money was not unwarranted and unreasonable: NCLAT

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