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I-T - High Court need not intervene in matter involving factual issues; petitioner may utilise option of appeal: HC China asks Blinken to select between cooperation or confrontation I-T - Unexplained cash credit - additions u/s 68 unsustainable where based on conjecture & surmise alone: ITAT Honda to set up USD 11 bn EV plant in Canada I-T - Re-assessment is invalid where based only on a suspicion that income escaped assessment & where not based on concrete reasons to believe for commencing such proceedings : ITAT Imran Khan banned from flaying State Institutions I-T - Income from sale of flats cannot be computed in assessee's hands, where legal possession of flats had not been handed over to buyers in that particular AY: ITAT Pro-Palestine demonstration spreads across US universities; 100 arrested I-T - Investment activities in venture capital which are not covered in negative list under Schedule III to SEBI Regulations, qualifies for deduction u/s 10(23FB): ITAT NATO asks China to stop backing Russia if keen to forge close ties with West Cus - When Department has not complied with time limit, the order issued for revocation of licence or order issued for continuation of suspension licence cannot sustain: CESTAT NY top court quashes conviction of Harvey Weinstein in rape case Weather prediction normal for phase 2 poll day IndiGo orders 30 Airbus A350s for long hauls ST - Appellant is an 'authorised medical practitioner' providing 'healthcare services' - services exempted in terms of clause 2(i) of notification 25/2012-ST: Commr(A)RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimes REC avails SACE-Covered Green Loan for 60.5 Billion Japanese Yen Study finds Coca-Cola accounts for 11% of branded plastic pollution worldwide Cus - 'Small Form-factor Pluggable Optical Transceivers' are classifiable under CTH 8517 7090 and not under CTH 8517 62 90 - entitled for benefit of duty concession under 57/2017-Cus: CESTAT DoNER discusses Development of Tourism in North East CX - Appellant is eligible for exemption under Notfn 12/2012-CE upon fulfilling all conditions stipulated therein, thus sufficiently establishing that goods dealt with by Appellants qualify for exemption: CESTAT


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Mumbai, June 15, 2018 CX - No CENVATable input was used for generation of electricity, therefore, demand u/r 6 of CCR, 2004 does not sustain: CESTAT

Mumbai, June 14, 2018 I-T - Pre-existing circular cannot be a basis for reopening an assessment when, same has no relevance with issue in hand and was substituted by subsequent amendment: HC

Hyderabad, June 14, 2018 I-T - Proceedings validly initiated by Revenue cannot be invalidated on basis of technical flaws in assessment order, if defect was cured by passing corrigendum: ITAT

Mumbai, June 14, 2018 I-T - A club open to a section of community cannot be construed to be set up for benefit of an individual or class of individuals: ITAT

Mumbai, June 14, 2018 ST - Appellant seeking detail of income head considered for taxable value is legitimate as without such detail neither SCN is justified nor it satisfies principles of natural justice: CESTAT

Chandigarh, June 14, 2018 CX - Once education cess is added to customs duties to arrive at aggregate of customs duties, question of adding it again does not arise: CESTAT

Mumbai, June 13, 2018 Income tax relief for Vodafone - Provisions of Sec 201(3) apply only to cases where there is failure to deduct whole or any part of tax, and NOT to non-payment of tax: ITAT

Mumbai, June 13, 2018 CX - CENVAT credit taken on cement, angles, channels, CTD & TMT bars for construction of factory shed, building - appellant could not have held a bonafide belief of entitlement after amendment to rule 2(k) of CCR: CESTAT

Ernakulam, June 13, 2018 I-T - Levy of same fees on identical assessees placed on similar footing, is no basis to judge exclusivity of such levy in terms of Section 40(a)(iib): HC

Bangalore, June 13, 2018 ST - When payment of service tax and interest is made and said information is furnished to authorities, then they shall not serve any notice: CESTAT

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