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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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Kolkata, January 01, 2018 I-T - Expenditure incurred for upgradation of technology, because of rapid replacement and constant need for existence, are of revenue nature: ITAT

Mumbai, January 01, 2018 ST - Rule 7C of STR, 1994 envisages penalty for delay in furnishing prescribed return but is silent on penalty if ST returns are filed in time manually but are not filed electronically: CESTAT

Mumbai, January 01, 2018 CX - No requirement of double registration by importers issuing CENVATable invoices � Notfn. 30/2016-CX(NT) is a trade facilitation measure, hence clarificatory and applicable retrospectively: CESTAT

Mumbai, December 30, 2017 I-T - Neither CIT(A) can uphold assessment order without proper factual inquiry nor Tribunal can mechanically uphold CIT(A) order without scrutiny: HC

Bangalore, December 30, 2017 I-T - When chances of recovery of refundable security deposit are not lost completely as matter is sub judice, same cannot be written off: ITAT

Mumbai, December 29, 2017 Revenue wins - Optical Fibre Cables imported by Vodafone and used in Telecommunication are not classifiable under CTH 8544 but under CTH 9001 and leviable to BCD @10%: CESTAT LB

New Delhi, December 29, 2017 I-T - When depreciation amount eligible for deduction u/s 80IA is more than income, assessee is not entitled to deduct same on gross receipt: HC

Mumbai, December 29, 2017 CX � Although Commr.(A) has articulated appropriate questions, order is woefully short of any studied finding on them - order not consistent with principles of adjudication: CESTAT

Mumbai, December 29, 2017 ST - WCS - Composition Scheme - Rules do not prescribe a format for exercise of option - liability cannot be fastened once return filed shows exercise of option: CESTAT

Bangalore, December 28, 2017 VCES, 2013 - A different interpretation as far as classification of services cannot tantamount to substantial misdeclaration - Rejection of declaration improper: CESTAT

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Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

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

PMLA - Considering money trail and involvement of applicant in crime he is not entitled for anticipatory bail : HC

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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