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India-bound oil tanker struck by Houthi’s missiles in Red Sea RBI issues draft rules on digital lending CRPF senior official served notice of dismissal on charges of sexual harassment Columbia faculty blames leadership for police action against protesters Google to inject USD 3 bn investment in data centre in Indiana UN says clearing Gaza mounds of rubble to take 14 yrs Blinken says China trying to interfere US Presidential polls World Energy Congress 2024: IREDA CMD highlights need for Innovative Financing Solutions Voter turnout surpasses 50% by 4 PM in Phase 2 polls XI tells Blinken - China, US ought to be partners, not rivals ST - SVLDRS, 2019 - Amnesty Scheme, being of the nature of an exemption from the requirement to pay the actual tax due to the government, have to be considered strictly in favour of the revenue: HC Cus - Smuggling - A person carrying any article on his belonging would be presumed to be aware of the contents of the articles being carried by him: HC Cus - Keeping in mind the balance of convenience and irreparable injury which may be caused to Revenue, importer to continue indemnity bond of 115 crore and possession of confiscated diamonds to remain with department: HC Cus - OIA was passed in October 2022 remanding the matter to adjudicating authority but matter not yet disposed of - Six weeks' time granted to dispose proceedings: HC 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


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New Delhi, April 26, 2018 I-T - One time membership fees paid to National Stock Exchange for getting registered as broker, is capital expenditure: HC

Mumbai, April 26, 2018 ST - When review order and appeal of revenue has not disputed portion of order dropping demand, revenue cannot, in hearing, before Tribunal dispute same: CESTAT

Ernakulam, April 26, 2018 I-T - Direct debit of commission by foreign agents before transferring sale considerations, makes exporters ineligible for benefit of Sec 80HHC(2): HC

Mumbai, April 26, 2018 ST - Agreement is for supply of materials and cannot, by any stretch of imagination, be considered as an agreement for rendering services - amount of advance received cannot become part of value: CESTAT

New Delhi, April 25, 2018 I-T - Payment made to acquire trade mark which facilitates entry into a particular market is revenue expenditure: HC

New Delhi, April 25, 2018 I-T - Interest income earned from deposit of share application money statutorily required to be kept in separate account is incidental in nature and assessee is entitled to set it off against expenses relating to public issue: SC

New Delhi, April 25, 2018 I-T - While making invocation of Sec 147 conditional, Legislature does not intend to allow Revenue to adopt liberal interpretation of expression 'reason to believe': SC

Kolkata, April 25, 2018 I-T - Infra companies having exposure to substantial risk connected with construction projects, are eligible for Section 80-IA benefits: ITAT

Mumbai, April 25, 2018 CX - Present appeal has been filed in routine manner without application of mind: CESTAT

New Delhi, April 24, 2018 I-T - When FMV is higher than actual consideration received towards transfer of capital asset, under-statement of such amount as 'full value of consideration' not permitted : HC

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