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IndiGo orders 30 Airbus A350s for long haulsFiling of Form 10A & 10AB: CBDT extends due date to June 30RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimesCPGRAMS recognized as best practice in Commonwealth Secretaries of public serviceIsrael-Iran War: A close shave for Global Economy but for how long?KABIL, CSIR ink MoU for Advancing Geophysical InvestigationsI-T - If income from stock-in-trade are held as investments, then provisions of section 14A would apply to such income: ITATTRAI recommends on Infra Sharing, Spectrum Sharing & Spectrum LeasingI-T- Revisionary powers u/s 263 can't be exercised when AO has neither assumed facts incorrectly nor there is incorrect application of law : ITATTechnology Board okays funding of Dhruva Space's Solar Array ProjectI-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: ITATHealth Secy visits Bilthoven Biologicals, discusses production of Polio VaccineI-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: ITATStudy finds Coca-Cola accounts for 11% of branded plastic pollution worldwideI-T- Triplex flats purchased are interconnected and can be considered as 'a residential unit'' as per definition of section 54F of Act : ITATDelhi HC says conspiracy against PM is a crime against StateI-T- AO omitted to probe issue of cash payments made over specified limit; revisionary power u/s 263 is rightly exercised: ITATBrazil makes new rules to streamline consumption taxesI-T-Power of revision unnecessarily exercised where AO had no scope to examine creditworthiness & genuineness of assessee's creditors: ITATBiden signs rules mandating airlines to give automatic refunds for delayed or cancelled flightsI-T-As per settled law, in absence of enabling powers, no disallowance can be made : ITATBYD trying to redefine luxury for new EV variantsGST - 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: HCSC asks EC to submit more info on reliability of EVMsRight to Sleep - A Legal lullaby
 
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Mumbai, February 01, 2018
CX - Renting of Immovable property service and Telephone services can be exclusively identified as used wholly by one unit - mischief of Rule 7(c) of CCR, 2004 attracted: CESTAT
 
Mumbai, February 01, 2018
I-T - When shares were allotted by assessee against which share application money was received in preceeding year, any addition based on such credit balance is legally not sustainable: ITAT
 
New Delhi, January 31, 2018
I-T - Operation of Rule 8D for allocating expenditure in relation to exempt income is prospective in nature: SC
 
Chennai, January 31, 2018
Income Tax - When Revenue official is found to be usurper of office under provisions of Benami Act, 'defacto doctrine' does not come to his rescue: HC
 
Mumbai, January 31, 2018
CX - Costs of Rupees One lakh imposed on Revenue for pursuing frivolous and vexatious litigation and wasting precious judicial time: High Court
 
Mumbai, January 31, 2018
I-T - Failure to establish with necessary evidence regarding transportation of goods can lead to addition in assessee's income on account of purchases made from grey market: ITAT
 
Mumbai, January 31, 2018
CX - Bench remands matter 'with a heavy heart': CESTAT
 
New Delhi, January 30, 2018
ST - Invocation of extended limitation period does not refer to scenario where there is mere omission or failure to pay duty or take out licence without presence of an intention to evade tax: HC
 
Mumbai, January 30, 2018
CX - Discretion vesting in tribunal must be exercised judiciously and not capriciously - It is improper to throw out a litigant on technical ground after appeal is entertained and kept pending: HC
 
New Delhi, January 30, 2018
I-T - Power of revision can be exercised u/s 263 where particular issue is not examined in its entirety by AO: HC
 
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