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RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimes Israel-Iran War: A close shave for Global Economy but for how long?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, May 19, 2017 ST - Removing of jungle and bushes in existing premises of building does not fall under definition of 'Site Formation and Clearance, Excavation, Earthmoving and Demolition Services' : CESTAT

Mumbai, May 19, 2017 I-T - When purchases are not bogus but are made from parties other than those mentioned in books, only profit element embedded in such purchases requires addition: ITAT

New Delhi, May 19, 2017 CX - Notfn 6/2006-CE - Exemption cannot be denied merely because sub-contractor did not take part in International Competitive Bidding: CESTAT

Mumbai, May 18, 2017 Cus - Tribunal being creature of statute should restrain itself from embarrassing Executives - Costs imposed on Commissioner waived: CESTAT

Allahabad, May 18, 2017 I-T Authorities have no territorial jurisdiction to issue reopening notice to a regular assessee of different State: HC

Chennai, May 18, 2017 Cus - Petitioner has to work out remedy only before CESTAT where he has already filed an appeal - No justification in approaching: High Court

Mumbai, May 18, 2017 CX - Excise duty was discharged by ONGC by encashing bank guarantee obtained by them from appellants - appellants are legally entitled to claim refund: CESTAT

New Delhi, May 17, 2017 Cus - CESTAT could not and should not have extended time to issue SCN beyond what has been provided under Regulation 20 (1) of CBLR 2013: High Court

Jaipur, May 17, 2017 I-T - Delayed filing of I-T return on account of bonafide belief, is no ground for levy of penalty u/s 271(1)(c): High Court

Hyderabad, May 17, 2017 CX - Department woke up from its peaceful slumber eight months after receiving letter from appellant - demand hit by limitation: CESTAT

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Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.

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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

I-T- DTAA does not get triggered at all when a domestic company pays DDT u/s 115-O of the Act : ITAT

April 25, 2024

IBC - Even if CIRP commences, Directors, who are incharge of affairs of Company cannot be absolved of any wilful default committed by borrower Company : HC

April 25, 2024

SARFAESI Act - Writ petition can be disposed of as infructuous as one time settlement has been entered into between parties : HC

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