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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, September 29, 2017 ST � Taxable event is time of provision of service and not date of receipt of payment: CESTAT

Chennai, September 29, 2017 CX - Once credit taken on inputs is reversed along with interest, no cause arises for payment of 10% of value of exempted final products in terms of rule 6(3)(b) of CCR, 2004: HC

Allahabad, September 28, 2017 I-T - In absence of recorded satisfaction of Registering Authority, direction given by Tribunal to register any Trust u/s 12AA, is without jurisdiction: HC

Chennai, September 28, 2017 Cus - Transaction between petitioner, Customs Department and Professional Auctioneers is a private contract and not amenable to jurisdiction of High Court under Art. 226 of Constitution: HC

Ahmedabad, September 28, 2017 I-T - Mere issue of notice u/s 143(2) for extended period of return processing u/s 143(1) does not empower AO to sit tight over refund claims: HC

New Delhi, September 28, 2017 I-T - If AO fails to record reasons as to 'what information' was not disclosed in return, that would render quasijudicial exercise of disposing objections to reopening, a mere 'mechanical ritual': HC

Allahabad, September 28, 2017 I-T- Cash donations received by Trust, if surrendered subsequent to Survey, but disclosed correctly in return, attracts no penalty: HC

New Delhi, September 28, 2017 Cus - Inserting word 'basmati' either as prefix or as suffix created confusion - Consistent policy of Central Govt was to allow export of PUSA 1121 rice although it was non-basmati variety: HC

New Delhi, September 28, 2017 CX - Once returned ABS is reprocessed to remanufacture ABS, appellant is required to pay duty on date of removal - no ground to allege goods removed 'as such' requiring credit reversal: CESTAT

New Delhi, September 28, 2017 Cus - Burden of proof of involvement of ingredients such as, collusion, wilful mis-statement & suppression of facts entirely rests with Department and it is not for importer to establish contrary: CESTAT

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