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7, including 3 women & a child, killed in road accident in Patna UK to criminalise creation of sexually explicit deep fakes Chinese economy spikes by 5.3% in first quarter UPSC releases results of Civil Services 2023; Aditya Srivastava tops the list India’s exports marginally dips into minus in March month Diversion of goods imported under Advance Licence to Open Market: Mens rea upheld Seasonal rainfall likely to be 106 % of Long Period Average: IMD Workshop held for Eco-friendly Measures for Holistic National Highway Development I-T- Mere existence of power to assess or reassess six AYs' immediately preceding AY corresponding to year of search or 'relevant assessment year' would not justify invocation of Section 153C - HC What was Biden’s income in 2023? - ITR shows USD 6.2 lakh I-T - Act & Rules thereto provide a method for service of notices & orders; communication of notices before any action is taken, is mandatory: HC Mumbai Police nabs two shooters involved at random firing at Salman’s house I-T- Assessee cannot be expected to be logged in to I-T portal at all times, so as to be notified of actions taken by Department: HC IRS fears spurt in crypto tax evasion cases I-T - Expenses written off is only allowable if assessee offers said amount as income in previous years: HC Breast cancer to kill over 10 lakh women by 2040: Lancet Report China’s bubble tea stirs global buzz I-T- Penalty imposed u/s 271(1)(c) merits being quashed where exact charge between concealment of facts and furnishing inaccurate particulars of income, are not specified : ITAT Samsung gets USD 6.4 bn in subsidy for Texas chip production India to resume FTA talks with EU next month I-T- Assessee has not involved in manipulation of stock prices for purpose of earning bogus LTCG : ITAT TCS to hire 25K freshers in 2025 Election Commission seizes over Rs 4600 Cr cash - highest for LS polls GST - Proper officer has not applied his mind but dismissed the reply submitted as not satisfactory - Order set aside and matter remitted: HC


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Patna, June 05, 2017 I-T - Amount seized u/s 132 can be utilized only for purposes of discharging liabilities already determined and not paid by assessee: HC

Mumbai, June 05, 2017 ST � Appellant is not required to discharge service tax on an amount paid by them as TDS for payment remitted to overseas service provider: CESTAT

New Delhi, June 05, 2017 CX � No distinct, identifiable commodity emerges out of process of printing undertaken by respondent - no justification to charge CE duty on printed paper Rolls: CESTAT

Kolkata, June 02, 2017 I-T - Labour charges does not warrants TDS obligation u/s 194C, merely because it was paid in form of fixed salary plus mutually agreed incentive commission: ITAT

Mumbai, June 02, 2017 ST - Appellant being statutory body could not be held to have suppressed facts with intention to evade payment of tax : CESTAT

Mumbai, June 02, 2017 CX � If one person hears and other decides, then personal hearing becomes an empty formality - Matter remanded: CESTAT

New Delhi, June 01, 2017 CX - Data retrieved from CD and printouts taken in absence of appellants is not admissible evidence: CESTAT

Srinagar, June 01, 2017 I-T - Manufacturer is entitled to deduction u/s 80IB in respect of excise duty refund & transport subsidy: HC

Mumbai, June 01, 2017 ST - Rates fixed for lumpsum job work undertaken by appellant - not covered under 'Manpower recruitment and supply agency services': CESTAT

New Delhi, May 31, 2017 I-T - 'Brands' are covered under definition of 'intangible assets' and hence eligible for applicable depreciation accordingly: ITAT

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April 16, 2024

TP - Not adopting mandatorily prescribed methods to determine ALP in respect of fees of technical services payable by Assessee to its AE, make entire Transfer pricing Agreement unsustainable: ITAT

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