News Update

Apple China tosses out WhatsApp & Threads from App store after being orderedChina announces launch of new military cyber corpsRailways operates record number of additional Trains in Summer Season 2024GST - Assessing officer took into account the evidence placed on record and drew conclusions - Bench is, therefore, of the view that petitioner should present a statutory appeal: HC1st phase polling - Close to 60% voter turnout recordedGST - Tax liability was imposed because petitioner replied without annexing documents - It is just and appropriate that an opportunity be provided to contest tax demand on merits, albeit by putting petitioner on terms: HCMinistry of Law to organise Conference on Criminal Justice System tomorrowGST - To effectively contest the demand and provide an opportunity to petitioner to place all relevant documents, matter remanded but by protecting revenue interest: HCGovt appoints New Directors for 6 IITsGST - Petitioner has failed to avail opportunities granted repeatedly - Court cannot entertain request for remand as there has been no procedural impropriety and infraction of any provision by assessing authority: HCNexus between Election Manifesto and Budget 2024 in July!GST - Classification - Matter which had stood examined by Principal Commissioner is being treated differently by Additional Commissioner - Prima facie , approach appears to be perverse: HCI-T- Denial of deduction u/s 80IC can create perception of genuine hardship, where claimant paid tax in excess of what was due; order denying deduction merits re-consideration: HCIsrael launches missile attack on IranEC holds Video-Conference with over 250 Observers of Phase 2 pollsGermany disfavours Brazil’s proposal to tax super-richI-T- If material found during search are not incriminating in nature AO can not made any addition u/s 153A in respect of unabated assessment: ITATGovt appoints Dinesh Tripathi as New Navy ChiefAFMS, IIT Kanpur to develop tech to address health problems of soldiersFBI sirens against Chinese hackers eyeing US infrastructureKenya’s top military commanders perish in copter crashCBIC notifies Customs exchange rates w.e.f. April 19, 2024Meta shares ‘Most Intelligent’ AI assistant built on Llama modelDengue cases soaring in US - Close to ‘Emergency situation’: UN Agency
 
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Ahmedabad, May 24, 2018
I-T - When reasons recorded by AO for reassessment stand approved by JC, it cannot be said that provisions of Sec 151(2) were not fulfilled merely because file erroneously got placed before CIT who also recorded satisfaction: HC
 
Mumbai, May 24, 2018
CX - Expression in statute cannot be allowed to be circumscribed on an unfounded interpretation by lower authorities: CESTAT
 
Mumbai, May 24, 2018
ST - CBEC has clarified that notice for rejection of VCES-1 declaration should be issued within 30 days-notice issued after 1½ years is clearly time barred: CESTAT
 
Mumbai, May 23, 2018
CX - It is settled law that authority conferred with jurisdiction over recipient is not competent to re-determine tax liability suffered on input at supply end: CESTAT
 
Mumbai, May 23, 2018
Sales Tax - Rendering of voice transmission service does not involve any transfer of equipment or transfer of right to use, to attract sales tax: HC
 
Ahmedabad, May 23, 2018
I-T - On receipt of information from VAT Department about bogus purchases if AO observes that 'deep verification' is required, still reassessment proceeding cannot be initiated at this stage: HC
 
Mumbai, May 23, 2018
ST - M/s SITV is only a division of appellant - discharge of tax liability by M/s SITV on behalf of appellant does not tantamount to discharging liability of another company: CESTAT
 
New Delhi, May 22, 2018
I-T - Major relief for DPS; Transport facility provided by schools to their students only, are incidental to educational activity, and hence exempted: ITAT
 
Ahmedabad, May 22, 2018
I-T - Stock discrepancy in books of account can lead to subsequent addition based on Gross Profit: HC
 
New Delhi, May 22, 2018
I-T - Compensation paid to retrenched workers upon closure of one manufacturing unit is an allowable business expenditure u/s 37: ITAT
 
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