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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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New Delhi, October 06, 2017 ST - Transportation charges received should form part of the consideration for C&F service and cannot be separately charged to tax under GTA: CESTAT

New Delhi, October 05, 2017 I-T - When transaction of real estate development under JDA, fell through for want of approval, such transaction does not gives rise to capital gain tax: SC

Mumbai, October 05, 2017 ST � There is no appellate remedy provided in VCES, 2013 - In absence of such remedial provision, appeal is not maintainable: CESTAT

New Delhi, October 05, 2017 I-T - Section 194C - If composite invoice is raised with details of prices of equipments supplied along with installation charges, TDS not to be deducted on full value: ITAT

Mumbai, October 05, 2017 CX � Without leading any evidence, Revenue cannot establish their 'bubble' story : CESTAT

New Delhi, October 05, 2017 Cus - Agreement for evidencing High Sea Sale is not genuine as same could not have been signed on 23/12/2011 on a stamp paper, which was admittedly purchased on 29/12/2011: CESTAT

Mumbai, October 05, 2017 ST -Commr.(A) should not adopt shortcut approach of transfer of appeal to call book resulting in denial of justice: CESTAT

New Delhi, October 04, 2017 DVAT - Assessee cannot claim ill-deserved victory over Revenue by challenging jurisdiction of SCN for first time before HC: SC

New Delhi, October 04, 2017 CX - As lessee had not transferred business to appellant, provision of Rule 10 of CCR, 2004 not complied with - credit rightly denied: CESTAT

Ahmedabad, October 04, 2017 I-T - When assessee had not attached interest clause to loans given but finally got interest after arbitration, Revenue cannot expect assessee to offer interest income to tax in its return: HC

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I-T - Assessee cannot be prevented from claiming that receipts from sale of software were wrongly offered as royalty, merely because such income was wrongly offered in ROI and which was not revised: ITAT

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