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World Energy Congress 2024: IREDA CMD highlights need for Innovative Financing Solutions Voter turnout surpasses 50% by 4 PM in Phase 2 polls ST - Amendment made to FA, 1994 on 14.05.2015 making service tax applicable retrospectively on chit-fund business is only prospective - Refund payable of tax paid between 01.07.2012 to 13.05.2015: HC XI tells Blinken - China, US ought to be partners, not rivals ST - SVLDRS, 2019 - Amnesty Scheme, being of the nature of an exemption from the requirement to pay the actual tax due to the government, have to be considered strictly in favour of the revenue: HC CX - Issue involved is valuation of goods u/r 10A of CE Valuation Rules, 2000 - Appeal lies before Supreme Court: HC Cus - Smuggling - A person carrying any article on his belonging would be presumed to be aware of the contents of the articles being carried by him: HC Cus - Penalty that could be imposed for smuggling 3.2 kg of gold was Rs.88.40 lakhs, being the value of gold, but what is imposed is Rs.10 lakhs - Penalty not at all disproportionate: HC Cus - Keeping in mind the balance of convenience and irreparable injury which may be caused to Revenue, importer to continue indemnity bond of 115 crore and possession of confiscated diamonds to remain with department: HC Cus - OIA was passed in October 2022 remanding the matter to adjudicating authority but matter not yet disposed of - Six weeks' time granted to dispose proceedings: HC I-T - High Court need not intervene in matter involving factual issues; petitioner may utilise option of appeal: HC China asks Blinken to select between cooperation or confrontation I-T - Unexplained cash credit - additions u/s 68 unsustainable where based on conjecture & surmise alone: ITAT Honda to set up USD 11 bn EV plant in Canada Imran Khan banned from flaying State Institutions I-T - Income from sale of flats cannot be computed in assessee's hands, where legal possession of flats had not been handed over to buyers in that particular AY: ITAT Pro-Palestine demonstration spreads across US universities; 100 arrested I-T - Investment activities in venture capital which are not covered in negative list under Schedule III to SEBI Regulations, qualifies for deduction u/s 10(23FB): ITAT NATO asks China to stop backing Russia if keen to forge close ties with West NY top court quashes conviction of Harvey Weinstein in rape case


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Mumbai, January 30, 2018 CX - Rule 3(5A) of CCR, 2004 - Capital goods removed as scrap- view taken by Commr(A) that earlier owner 'might have' availed credit is without any evidence& beyond allegation made in SCN: CESTAT

Chennai, January 29, 2018 I-T - If SCN fails to invoke a particular substantive provision, such an error is serious in nature and cannot be cured by Revenue by invoking provisions of Sec 292B: HC

Jammu, January 29, 2018 I-T - Sec 10 (23C)(iiiad) - if society is running several educational institutions, total annual receipts of each such institution should be taken separately & not clubbed together: HC

Mumbai, January 29, 2018 CX - Sika Noleek - premature to come to a conclusion on issue of manufacture and dutiability without ascertaining correct classification of bulk talc powder and its technical characteristics - Matter remanded: CESTAT

Mumbai, January 29, 2018 CX - Ralliwolf Ltd. did not surrender ownership to Nirmal Holdings who took property development rights - since Ralliwolf Ltd. is still owner, CE dues can be recovered by attaching this property: CESTAT

Mumbai, January 28, 2018 CX - Counsel is interested in lingering on case and generate his fee for appearance from milky cow, a PSU: CESTAT

Ernakulam, January 27, 2018 I-T - Evacuation of land for installation of wind turbine generators does not amount to act of improvement of land and, hence, administrative charges are not revenue expenditure': HC

Ernakulam, January 25, 2018 I-T - If refund of advance tax is made but re-assessment leads to determination of escapement of income, such a situation does not warrant levy of interest u/s 234: HC

Mumbai, January 25, 2018 I-T - Admission of bogus purchases to inflate work in progress during search necessarily invites imposition of penalty: ITAT

Mumbai, January 25, 2018 ST - A restricted remand was not sought by appellant as erroneously understood by Tribunal : High Court

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