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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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New Delhi, March 22, 2017 Bihar Finance Act - Assessing Authority cannot re-open assessment based only on Audit Report: Supreme Court

Mumbai, March 22, 2017 I-T - Surrender of life interest in properties belonging to trust, by releaser in favour of his children, would not constitute 'gift', if releasor was no absolute owner of property

Mumbai, March 22, 2017 CX - There is no basis for apprehension that Tribunal's understanding of legal provision is flawed: HC

New Delhi, March 22, 2017 ST - Providing armed security guards to PSU u/s 13 of Police Act, 1861, is carrying out of statutory function and not liable to service tax: CESTAT

New Delhi, March 22, 2017 CX - Without any proof of clandestine removal, it is not legal to disallow CENVAT credit on inputs, if same had been received in factory: CESTAT

New Delhi, March 21, 2017 CX -When assessment order of Commercial Taxes Dept. has been set aside by Rajasthan Tax Board, CE case has no legs to stand: CESTAT

New Delhi, March 21, 2017 Service Tax - Packaging Activity cannot be taxed as Cargo Handling Service prior to 16.06.2005: Supreme Court

Mumbai, March 21, 2017 CX - Where certificates are qualification for exemption, it is not open to CE authority to overrule that certification: CESTAT

Chennai, March 21, 2017 I-T - Guideline value issued by Sub-Registrar cannot be sole basis for determining fair market value of similarly circumstanced property

Mumbai, March 21, 2017 ST - So long as liability to pay transporter is of appellant, physical payment through dealers for whatever reasons does not change liability to tax: CESTAT

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Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

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

April 16, 2024

TP - If any third party rate is not considered for particular date of contract due to non availability of data, would not enable TPO to reject method adopted by assessee: ITAT

April 16, 2024

Companies Act - ROC's decision of rejecting application for conversion is not contrary to legislative intent of Section 18 : HC

April 16, 2024

PMLA - If criminal case against person is quashed then there can be no offence of money laundering against him : HC

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