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IndiGo orders 30 Airbus A350s for long hauls Filing of Form 10A & 10AB: CBDT extends due date to June 30 RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimes CPGRAMS recognized as best practice in Commonwealth Secretaries of public service Israel-Iran War: A close shave for Global Economy but for how long?KABIL, CSIR ink MoU for Advancing Geophysical Investigations I-T - If income from stock-in-trade are held as investments, then provisions of section 14A would apply to such income: ITAT TRAI recommends on Infra Sharing, Spectrum Sharing & Spectrum Leasing I-T- Revisionary powers u/s 263 can't be exercised when AO has neither assumed facts incorrectly nor there is incorrect application of law : ITAT Technology Board okays funding of Dhruva Space's Solar Array Project I-T- Issue of interest is debatable issue on which two views are possible and AO accepted one of views for which PCIT cannot assume revisional jurisdiction: ITAT Health Secy visits Bilthoven Biologicals, discusses production of Polio Vaccine I-T - Estimation of profit element from purchases should be done reasonably if assessee could not conclusively prove that purchases made are from parties as claimed, in absence of confirmations from them: ITAT Study finds Coca-Cola accounts for 11% of branded plastic pollution worldwide I-T- Triplex flats purchased are interconnected and can be considered as 'a residential unit'' as per definition of section 54F of Act : ITAT Delhi HC says conspiracy against PM is a crime against State I-T- AO omitted to probe issue of cash payments made over specified limit; revisionary power u/s 263 is rightly exercised: ITAT Brazil makes new rules to streamline consumption taxes I-T-Power of revision unnecessarily exercised where AO had no scope to examine creditworthiness & genuineness of assessee's creditors: ITAT Biden signs rules mandating airlines to give automatic refunds for delayed or cancelled flights I-T-As per settled law, in absence of enabling powers, no disallowance can be made : ITAT BYD trying to redefine luxury for new EV variants GST - On the one hand, the order states registration is liable to be cancelled retrospectively and on the other hand mentions that there are no dues - Order modified: HC SC asks EC to submit more info on reliability of EVMs Right to Sleep - A Legal lullaby


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Mumbai, March 09, 2018 CX - Whether after 01.07.2000 valuation of goods supplied which does not involve sale should be done u/r 8 of Valuation Rules, 2000 or on basis of cost of production without adding any notional profit � Matter referred to LB: CESTAT

Bangalore, March 08, 2018 I-T - Sharing of cost between husband & wife is no basis to allow exemption benefit u/s 54 to both of them upon transfer of jointly owned property, if sale deed recognizes only one of them as legal owner: ITAT

New Delhi, March 08, 2018 I-T - Reopening on account of seizure of unaccounted cash is valid if AO applies his mind & analyses information and bank statements: ITAT

New Delhi, March 08, 2018 I-T - When issue of PE itself is in dispute and Tribunal decision favoured assessee in past cases there is no justification for Revenue to ask for deposit of 20% of Rs 75 Cr demand before case is heard: HC

Mumbai, March 08, 2018 I-T - Change in future management of trust is no basis to take away its registration u/s 12A: HC

Mumbai, March 08, 2018 Cus - Principles of natural justice would also include a right to cross-examination: High Court

Hyderabad, March 07, 2018 I-T - assessment cannot be reopened merely because taxable income eluded assessment due to oversight or mistake by AO: High Court

New Delhi, March 07, 2018 RTI Act - DGIT (Investigation) is an intelligence agency; information sourced from it is exempt from disclosure under RTI Act: HC

Chennai, March 07, 2018 I-T - Armour of natural justice will not rescue Assessee, if he himself is disobedient in responding to reopening notices & summons issued by Department: HC

Ahmedabad, March 07, 2018 CX - Corrigendum is not a piece of legislation, cannot be applied retrospectively: High Court

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