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Jio turns world’s top telco in terms of data traffic India takes part in 'Institutionalization of SMART Government for Improving Service Delivery' in London Gadkari faints during campaign; Heat takes toll on his health 'Sunflowers were the first ones to know' - film by FTII student selected at Cannes SARFAESI Act - Award of interest on auction money at rate applicable to fixed deposits is not a correct view and rate of interest deserves to be enhanced: SC (See 'TIOLCorplaws')ST - Chit Funds - Tax was not paid under mistake of law but upon demand by tax authorities - Refund not having been filed within time was rightly rejected: HC SC asks EC to submit more info on reliability of EVMs GST - Without considering reply on merits, proper officer has held that reply is unsatisfactory and, therefore, he is left with no alternative but to create demand - Order set aside: HC GST - Cancellation of registration retrospectively - Show Cause Notice and the impugned order are bereft of any details, accordingly the same cannot be sustained: HC GST - Registration could not have been cancelled retrospectively for the period for which returns were filed and taxpayer was compliant: HC GST - Notfn 11/2017-CTR amended by 03/2022 - Work contracts executed before 18 July 2022 - Petitioners should file refund claims before respondent agitating grievance and same be examined and orders passed within 4 months: HC Italy imposes USD 10 mn fine on Amazon for unfair business practices GST - Entire tax liability has been realised by appropriating the amount from the petitioner's bank account, therefore, Revenue interest stands fully secured - Since tax proposal was confirmed without participation of petitioner, order set aside and matter remanded: HC Caste Census is my mission, says Rahul Right to Sleep - A Legal lullaby US warns Pak of punitive sanctions against trade deal with Iran I-T- Income surrendered before approaching Settlement Commission not covered u/s 115BBE, where this provision did not exist during relevant AYs: HC Chinese companies decry anti-subsidy probe by EU I-T- Entire interest expenditure is allowable as deduction if loan funds is not diverted for non-income earning activities/personal purposes : ITAT UK to send military aid package worth USD 619 mn to Ukraine US regulator bans non-compete agreements by employees Air India, Nippon Airways join hands for travel between India and Japan SC grills Baba Ramdev & Balkrishna in misleading ad case


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Nainital, March 24, 2018 I-T - Supply of vehicles by Carrier to Petroleum Company as per operational convenience of latter is not hiring of vehicles & therefore not covered u/s 194-I: HC

Mumbai, March 23, 2018 I-T - TDS certificate granting lower rate cannot abruptly be cancelled, based on Revenue's apprehensions that assessee may run into losses in future: HC

Ahmedabad, March 23, 2018 I-T - Failure of explicit communication of amended trust deed before Department, is no ground for withdrawal of its registration, till its charitable: ITAT

Mumbai, March 23, 2018 Sales tax - Kerosene returned back by RIL to BPCL after extracting N-Paraffin, will amount to 'fresh purchase' and not 'return stream', and hence taxable from prospective effect: HC

Mumbai, March 23, 2018 CX - Allowing credit only to extent of tax paid by recipient assessee in respect of Manpower Supply service and denying credit of quantum of tax paid by service provider is not based on law: CESTAT

Mumbai, March 23, 2018 CX - Merely because there is a long interval in manufacture of prototype vehicle, assessee cannot cease to become a manufacturer and be considered as a trader so as to deny CENVAT credit on inputs: CESTAT

Ernakulam, March 22, 2018 I-T - Merely mentioning income in P&L a/c and in Balance sheet does not absolve assessee from disclosing such income in returns: HC

Madurai, March 22, 2018 GST - Inclusion of Petrol and diesel under GST It is for GST council to take a call - Petition dismissed: HC

Ahmedabad, March 22, 2018 I-T - Merely because a delinquent has managed to escape punishment, will not safeguard other similarly-placed wrong-doers from prosecution or penalty: ITAT

Mumbai, March 22, 2018 CX - Without a re-classification for assessment, there is no scope for denying CENVAT credit on inputs that find use in manufacture: CESTAT

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April 24, 2024

TP - Arm's length computation of corporate guarantees issued by assessee in favour of its AEs abroad taken at 1% which has been approved for earlier A.Ys, cannot be disturbed in absence of contrary: ITAT

April 24, 2024

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April 24, 2024

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April 24, 2024

Competition Act - Informant has neither referred to any particular agreement nor provided any document which suggest existence of anti-competitive agreement : CCI

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