News Update

Govt orders mandatory declaration of stock position of wheatCPI gets Rs 11 Cr tax notice for using old PAN numberGST - Penalty demand of Rs.3731 crores - A person who would fall within the purview of sub-section (1-A) of s.122 should necessarily be a taxable person who retains the benefits of transactions: HCGovt issues advisory against calls impersonating DoTFATP hand-wrings over slow regulation of crypto by member-countriesGST - Threatening and pressurising petitioner who is merely an employee - Highly unconscionable and disproportionate on the part of the officer: HCECI's C-Vigil app a big hit with votersGST - Same relief was claimed in earlier petition which was withdrawn unconditionally - Fresh petition seeking same relief is barred by the estoppel principle: HCIncome tax hands over Rs 1700 Cr tax demand to Congress PartyGST - Neither SCN nor the order spell out the reasons for retrospective cancellation of registration, hence cannot be sustained: HCStage-2 of Vikram-1 orbital rocket successfully test-firedGST - Non-application of mind - If reply was unsatisfactory, details could have been sought - Record does not reflect that such exercise was done - Matter remitted: HCHouthis claim UK has not capability to intercept their hypersonic missilesGST - Merely because a taxpayer has not filed returns for some period does not mean that registration is required to be cancelled with retrospective date also covering the period when returns were filed and taxpayer was compliant: HCIsraeli forces kill 200 Palestinians at Gaza medical complex & arrest over 1000GST - Petitioner's reply, although terse, is not taken into account while passing assessment orders - Petitioner put on terms, another opportunity provided: HCUnveil One Nation; One Debt Code; One Compliance Rule for Centre & StatesChina moves WTO against US tax subsidies for EVs & renewable energyMore on non-doms - The UK Spring Budget 2024 (See TII Edit)Training Program for Cambodian civil servants commences at MussoorieCBIC revises tariff value of edible oils, gold & silverCBIC directs all Customs offices to remain open on Saturday & SundayI-T- Once the citizen deposits the tax upon coming to know of his liability, it cannot be said that he has deliberately or willfully evaded the depositing of tax and interest in terms of Section 234A can be waived: HCHouthis attack continues in Red Sea; US military shoots down 4 dronesCus - No Cess is payable when Basic Customs Duty is found to be Nil: CESTAT
 
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Ernakulam, March 18, 2019
Sales Tax - Collection of deposit purportedly as tax & failure to deposit such amount under garb of taxability being subject to dispute, warrants punishment with penalty: HC
 
Mumbai, March 18, 2019
ST - Reading clauses of agreement in isolation is not justified - agreement will have to be read as a whole: High Court
 
Mumbai, March 15, 2019
Tata Sons case - If no order passed under Ss 120 or 127, Addl CIT cannot put on AO's hat: ITAT
 
Kolkata, March 15, 2019
ST - Realizing electricity consumption charges from occupants by supplying low-tension supply is a taxable service, doesn't fall in negative list: HC
 
Mumbai, March 15, 2019
I-T - Taxpayer cannot take shelter of non-communication of intimation u/s 143(1), for getting his much belated revision application entertained: HC
 
Chennai, March 14, 2019
I-T - Income earned by revocable trust from contributions made by indentifiable beneficiaries through revocable transfer of funds is taxable only in hands of such beneficiaries and Trust: HC
 
Mumbai, March 14, 2019
Cus - Both confiscation and redemption cannot go along with re-export condition: CESTAT
 
Mumbai, March 13, 2019
I-T - Tenure of a retiring partner in partnership firm does not decide applicability of provisions of Sec 45(4) to sum received by partner: HC
 
Mumbai, March 13, 2019
Cus - 21/2002 - Construction of Road includes construction of 'Rail over bridge' as it connects & continues road itself: CESTAT
 
New Delhi, March 12, 2019
I-T - High court order untenable as it fails to examine Chapter XV of I-T Act to dismiss dissolved company petition: SC
 
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