SIGN IN SUBSCRIBE

News Update

CX - appeal to CESTAT is valuable right, being final fact-finding body; CESTAT erred in upholding cryptic, single-paragraph order passed by Commr.(A), while overlooking crucial facts; case remanded for re-consideration: HCReverse imports: Suzukis, Hondo sell over 93,000 India-made vehicles in Japan in 2024CX - In case of factory gate sale even though sale is on FOR basis the freight charges shown/ collected separately in invoice shall not be included in transaction value of excisable goods:CESTATGovt okays 56 Watershed Projects worth Rs 700 CrST - O-i-A is unsustainable given that Department did not appeal the earlier order dropping substantial demands: CESTATThailand approves draft law to legalise casinos & gamblingST - Service Tax paid on insurance premiums to DICGC is mandatory requirement for assessee to operate & provide taxable banking services; Cenvat credit on tax paid is allowed: CESTATUS to further tighten grips over AI chips global supply chainCus - Customs Broker not expected to be expert in identifying mis-declaration; cannot be made accountable for verifying documents like IEC, which is presumed to be verified by Customs; charges of contravening CBLR not tenable: CESTATSpain mulls 100% tax on property bought by non-EU buyersCus - Seizure & confiscation of gold is invalid where no evidence, such as foreign markings, exist to show it to have been illicitly imported: CESTATBiden’s swansong address to Nation - China would not surpass US; strong economy may not need much reforms from TrumpI-T - Notwithstanding that LTCG are excluded from total income of assessee u/s 10(38), same are required to be taken into account in computing book profit and income tax payable u/s 115JB: HCEU to expand ambit of probe into Musk’s XI-T - Based on information received from another agency on insight portal, there cannot be reopening, unless AO satisfies after considering such information, that income has escaped assessment: HCTrump says ‘going to meet Putin very quickly’Income Tax Refund: Can it be managed better?Some Democrats urge Biden to extend deadline for TikTok banI-T - Liability discharged towards Government relating to Electricity duty payable from allotment of equity, is allowable in terms of Sec 43(d): HCLA wildfires devour Oscar nominations - Fresh date to be announced soonOdisha becomes 34th state to implement Ayushman BharatUS to impose penalty on China for unfairly ruling ship-building sectorI-T - If sales are not doubted and purchases were not under-valued or inflated, no additions are permitted on account of alleged bogus purchases: ITATIndia's RE capacity registers 15.84% Year-on-Year GrowthI-T - If assessee could not give complete addresses of parties to whom payments were made and there are similar PAN numbers for different vendors, then contract expenses deserves reasonable disallowance: ITATMandaviya to attend conference on Future of Jobs tomorrowI-T - If potential disallowances did not impact tax liability due to extensive available deduction, and assessment order is not prejudicial to revenue in any practical sense, then PCIT's revisionary action u/s 263 is futile: ITATKeel-Laying Ceremony of Training Ship for ICG held at MDL, MumbaiI-T- The addition made by AO is genuine when assessee failed to discharge the onus of establishing the identity, genuineness of the transaction and creditworthiness or financial strength of the shareholder: ITAT

MESSAGE BOARD


Create New Topic Back
Logged in user
Subject
Message
   

TIOL Tube Latest

TIOL Tube
Former Prime Minister, Dr Manmohan Singh, delivering his Award Acceptance Speech after receiving TIOL Fiscal Heritage Award 2022 on Nov 8 at Taj Palace, New Delhi

TOP NEWS


AR not Afar by SK Rahman

VISION 360



Technical Session I - Ease of Doing Business: GST on Digital Economy

TII LATEST

TIOLCORPLAWS LATEST