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3 Indian women from Gujarat died in mega SUV accident in US JNU switches to NET in place of entrance test for PhD admissions GST - fake invoice - Patanjali served Rs 27 Cr demand notice I-T - Bonafide claim of deduction by assessee which was accepted in first round of proceedings does not tantamount to furnishing of inaccurate particulars, simply because it was disallowed later: ITAT India-bound oil tanker struck by Houthi’s missiles in Red Sea SCO Defence Ministers' Meeting endorses 'One Earth, One Family, One Future'RBI issues draft rules on digital lending I-T - In order to invoke revisionary jurisdiction u/s 263, twin conditions of error in order and also prejudice to interest of Revenue must be established independently: ITAT CRPF senior official served notice of dismissal on charges of sexual harassment Indian Air Force ushers in Digital Transformation with DigiLocker Integration Columbia faculty blames leadership for police action against protesters CX - When process undertaken by assessee does not amount to manufacture, even then CENVAT credit is admissible if such inputs are cleared on payment of duty which would amount to reversal of credit availed: CESTAT Google to inject USD 3 bn investment in data centre in Indiana Cus - The equipments are teaching accessories which enable students in a class to respond to queries and these equipments are used along with ADP machine, same merits classification under CTH 8471 60 29: CESTAT UN says clearing Gaza mounds of rubble to take 14 yrs ST - When issue is of interpretation, appellant should not be fastened with demand for extended period, the demand confirmed for extended period is set aside: CESTAT Blinken says China trying to interfere US Presidential polls World Energy Congress 2024: IREDA CMD highlights need for Innovative Financing Solutions


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New Delhi, January 11, 2013 I-T - Whether when Trust receives donation vide post-dated cheque encashable in next FY and also fact that donor claims it after cheque is honoured in next FY, it can still be said that assessee violated provisions of Sec 13(2)(b) - NO: SC

Mumbai, January 11, 2013 ST - Maintenance and Repairs by Railway of sidings owned by pvt parties - Railways not collecting any statutory fee but service charges - liable to Tax - pre-deposit ordered of Rs.1.62 Crores: CESTAT

Mumbai, January 11, 2013 CENVAT Credit on imported cocoa beans - Cocoa shells arising during manufacture cleared without duty - invocation of rule 6(2) for recovery of amount of 5% on ground of availment of credit on common inputs is prima facie improper as cocoa shells is a waste - Stay granted: CESTAT

Hyderabad, January 10, 2013 I-T - Whether activities of assessee engaged in certifying standards for seeds to be used by farmers are to be construed as in relation to 'any trade, commerce or business' and thus not a body for charitable purpose - YES: AP High Court

New Delhi, January 10, 2013 Service Tax � Scope of exemption Notification cannot be whittled down by CBEC clarification: CESTAT

Dharwad, January 10, 2013 Conclusion by CESTAT that claim of Revenue in demanding reversal of CENVAT credit is premature since inputs were damaged in transit is erroneous as it is a fact that on account of damage caused, inputs cannot be used in manufacture of final product - Tribunal directed to hear matter afresh: HC

Bangalore, January 09, 2013 Income tax - Whether while computing exemption u/s 10B, loss arising from non-eligible unit can be adjusted against profits arising on eligible unit - NO: ITAT

Mumbai, January 09, 2013 CX - Sec 4 - Applicant, a job worker, receiving compensation on termination of contract with principal - since applicant were paying duty at same price at which principal was selling goods, it cannot be said that termination proceeds is an additional consideration - Stay granted: CESTAT

Mumbai, January 09, 2013 ST - Club or Association - Applicant charging registration and subscription fee for providing services of guidance on business matters - Since they themselves are paying tax on club service w.e.f. 1.4.2009 there is no prima facie case in their favour: CESTAT

New Delhi, January 08, 2013 I-T - Whether Katha business carried on by assessee can be said to be incidental to attainment of objects of trust for purpose of exemption u/s 11 when object of trust is to advance education, patriotism, Indian culture and dispensaries - NO: Delhi HC

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