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ST - The company is entitled to refund of unutilized Education Cess and Secondary & Higher Education Cess under Section 142(9)(b) of CGST Act, 2017, as a transitional credit: CESTAT Centre withdraws 20% export duty on Onion from 1st April ST - Delayed Payment Charges (DPC) are penal in nature and not consideration for a separate taxable service, service tax demand and penalties cannot sustain: CESTAT DGGI launches offensive against offshore Online Money Gaming firms CX - The CENVAT credit availed for demolition services and input service distribution is legitimate, the demand, penalty and interest imposed by adjudicating authority is set aside: CESTAT PLI Schemes: 176 MSMEs out of 764 are beneficiaries CX - There is no notification providing exemption from Additional Duties of Excise; refund claims dismissed: CESTAT Coding jobs going to be thieved by AI, says Altman of OpenAI 100 New Food Testing Labs to be established: MoS New Canadian PM announces snap polls amid rising tariff threats from Trump Cus - As is trite law, multimedia speakers with additional functions like FM radio & USB ports are classifiable under CTH 8518 22 00 as speakers, as their primary function remains amplifying sound: CESTAT Trump’s policies spark snafus in USD 320 bn fishing industry GI-tagged jaggery exported from Muzaffarnagar to Bangladesh Pak claims to have killed 16 fighters on Afghan border Cus - Reclassification of imported e-scooter parts as complete vehicles is incorrect and the company is entitled to benefit of an unconditional customs duty exemption: CESTAT US, Ukraine delegations meet in Saudi Arabia I-T - Penalty u/s 271(1)(c) cannot be imposed for an inadvertent error in calculating deductions, without evidence of intent to misrepresent income: ITAT Pope Francis is back to Vatican after 5 weeks in hospital I-T - If return has already been e-verified, then can't be held that RoI was filed belatedly because of five seconds delay in generation of acknowledgment as per due date specified u/s 139(1): ITAT Death toll in Gaza goes beyond 50,000 I-T - Interest income earned from investments with cooperative banks qualifies for deduction u/s 80P(2)(d): ITAT Justice Yashwant Verma says Talks of cash recovery are preposterous & incredulous + SC panel conducting probe I-T - Physical availability of return along with Form 10A filed through registered Post which is available in repository of department, can't be countenanced by CIT(E) for refusing eligibility to exemption u/s 11: ITAT Gadkari says political leaders are casteist, not people I-T - For purpose of computing book profit, amount of brought forward loss/ unabsorbed depreciation as per books whichever is lower should be cumulative figure: ITAT Trump withdraws security clearances for Hillary Clinton & Kamla Harris I-T - Once appeal is before CIT(A), he can revise not only ultimate computation arrived at by AO but he can revise every process which led to ultimate computation or assessment: ITAT Sushant Singh Rajput case - CBI files closure report in court as no evidence of murder found I-T- Once it is accepted that money was borrowed for purpose of making investment, then non-receipt of income is no ground to disallow interest expenditure: ITAT AC compressor blast - 3 children & woman killed in Bahadurgarh I-T- If aspects require factual verification but assessee did not get opportunity to prove its case due to ex parte disposal of appeals, then related issue requires verification at departmental level: ITAT UK orders probe into fire leading to Heathrow shutdown I-T - Additions u/s 68 invalid where not based on adequate verification of relevant evidence furnished by assessee, such as bank statements, confirmations & ITRs: ITAT Nagpur violence - Costs for damaging public property to be recovered I-T - Failure of I-T authorities to adhere to binding decisions of higher courts, amounts to disrespecting principles of judicial precedents & judicial discipline: ITAT Saharanpur BJP leader shoots dead two sons & fires at wife I-T - If funds invested as FDR is inextricably linked with business of assessee, then interest earned on it shall be treated as business income: ITAT

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JEST GST
By Vijay Kumar

Taxindiaonline.comt

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Technical Session 1: Decoding New Income Tax Bill 2025

March 24, 2025 | New Delhi

Centre withdraws 20% export duty on Onion from 1st April

March 24, 2025 | New Delhi

DGGI launches offensive against offshore Online Money Gaming firms

March 24, 2025 | New Delhi

PLI Schemes: 176 MSMEs out of 764 are beneficiaries

March 24, 2025 | New Delhi

100 New Food Testing Labs to be established: MoS

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Technical Session 2 - Retrospective Taxation - Surge in GST Litigation - Possible Remedies.

Technical Session 3 : Sustainability - An Economic Imperative.

March 24, 2025

TP - If intra-group services utilized by assessee are supporting core activities of assessee, there is no infirmity in assessee adopting TNMM as most appropriate method: ITAT

March 24, 2025

I-T - AO must examine if management fees is in nature of FTS or not, before making disallowance of payments made to overseas parties for services rendered by them, which did not have PE in India: ITAT

March 24, 2025

NI Act - Cause of action u/s 138 arises only when amount remains unpaid even after expiry of fifteen days from date of receipt of demand notice: SC

March 24, 2025

Competition Act - Transaction is notifiable and by consummating same without filing notice u/s 6(2) of Act, GS is liable to penalty u/s 43A of Act: CCI

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