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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, May 29, 2013 CX - Cement remaining in bulker - consignee issuing challans evidencing short supply - appellant taking credit on such quantity which was received back - since no documents produced to justify availment, Pre-deposit ordered: CESTAT

New Delhi, May 28, 2013 Advance Ruling - Stock Transfer is not Sale - Stock Transfer from SEZ Unit to own DTA unit is eligible for exemption under Notification No 45/2005 Cus

Mumbai, May 28, 2013 I-T - Whether transaction of sale of merchant banking business to an erstwhile global accountancy firm can be considered as colourable device, although payments were made only for transfer of business and contracts - NO: ITAT

Mumbai, May 28, 2013 ST - 'Mithi' is a river and not a drain - from Tender Notice, it is clear that work pertains to deepening of river - Thus, contract awarding authority as well as appellant, understood work as dredging and not as anything else - Demand upheld: CESTAT

Chennai, May 28, 2013 Cus - Once appeal is filed against original order, it is mandatory to pay amount ordered, as condition precedent for taking up appeal - CESTAT was lenient in ordering only Rs 20 lakhs as pre-deposit - attitude of petitioner cannot be appreciated: HC

Ahmedabad, May 27, 2013 I-T - Whether when assessee receives a gift from a relative in HUF capacity, exemption u/s 56(2)(v) cannot be denied as term 'relative' is very much covered by provisions of Sec 56 - YES: ITAT

Mumbai, May 27, 2013 ST - there is no transfer of any IPR to CBU from appellant - commercial interest of bottling unit is to earn consideration for manufacturing alcoholic beverages - no liability of ST under 'Franchise Service': CESTAT

Mumbai, May 27, 2013 Cus - since parts imported from China are duplicate, their prices are not comparable with prices of authorized service centres - Order set aside: CESTAT

New Delhi, May 26, 2013 UIDAI launches Aadhaar based Iris Authentication, eKYC, One Time PIN New Services and Permanent Enrolment Centres

New Delhi, May 26, 2013 Fixing virus in Sports: AG favours independent law in place of IPC amendments; Draft Legislation to be ready in few days: Sibal

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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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