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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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Ernakulam, February 06, 2019 I-T - No recovery proceedings can be effected by virtue of Sec 263 order alone, if appeal against such revisional order is pending consideration before Tribunal: HC

Mumbai, February 06, 2019 ST - Rejection of appeal on ground that pre-deposit was not made before filing appeal cannot be concurred with: CESTAT

Mumbai, February 05, 2019 I-T - Enhanced income resulting due to change in method of accounting, rather than concealment, does not merit penal consequences upon taxpayer: HC

Mumbai, February 05, 2019 ST - Attachment of bank accounts lifted provided monies are utilised entirely for petitioner's catering business and not diverted to any personal account: High Court

Jaipur, February 05, 2019 I-T - Merely by showing receipt of cheque or statement of bank account of share subscriber, creditworthiness and genuineness of transaction is not proved if circumstances require some more evidence to show that share subscription is genuine investment: HC

Mumbai, February 05, 2019 ST - Giving a finding on merits is indicative of fact that Commr(A) had 'subconsciously' accepted compliance of pre-deposit: CESTAT

Chennai, February 04, 2019 GST - State Tax officer has chosen to be harsh and vindictive - detention order suffers from vice of gross unreasonableness and disproportionality: HC

Mumbai, February 04, 2019 ST - Tribunal suo motu rectifies its order - delay of 79 days in filing appeal before Commr(A) condoned and matter remanded: CESTAT

Chandigarh, February 04, 2019 I-T - Although tariff charged is to be quantified and discharged to adjust it at future date, but still as liability has arisen, tariff amount cannot be added back to assessee's income while computing MAT u/s 115JB: HC

Mumbai, February 02, 2019 Cus - Since item description does not cover wood blocks, no hesitation in concluding that goods are not prohibited goods that can be subjected to confiscation: CESTAT

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