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World Energy Congress 2024: IREDA CMD highlights need for Innovative Financing Solutions Voter turnout surpasses 50% by 4 PM in Phase 2 polls ST - Amendment made to FA, 1994 on 14.05.2015 making service tax applicable retrospectively on chit-fund business is only prospective - Refund payable of tax paid between 01.07.2012 to 13.05.2015: HC XI tells Blinken - China, US ought to be partners, not rivals ST - SVLDRS, 2019 - Amnesty Scheme, being of the nature of an exemption from the requirement to pay the actual tax due to the government, have to be considered strictly in favour of the revenue: HC CX - Issue involved is valuation of goods u/r 10A of CE Valuation Rules, 2000 - Appeal lies before Supreme Court: HC Cus - Smuggling - A person carrying any article on his belonging would be presumed to be aware of the contents of the articles being carried by him: HC Cus - Penalty that could be imposed for smuggling 3.2 kg of gold was Rs.88.40 lakhs, being the value of gold, but what is imposed is Rs.10 lakhs - Penalty not at all disproportionate: HC Cus - Keeping in mind the balance of convenience and irreparable injury which may be caused to Revenue, importer to continue indemnity bond of 115 crore and possession of confiscated diamonds to remain with department: HC Cus - OIA was passed in October 2022 remanding the matter to adjudicating authority but matter not yet disposed of - Six weeks' time granted to dispose proceedings: HC I-T - High Court need not intervene in matter involving factual issues; petitioner may utilise option of appeal: HC China asks Blinken to select between cooperation or confrontation I-T - Unexplained cash credit - additions u/s 68 unsustainable where based on conjecture & surmise alone: ITAT Honda to set up USD 11 bn EV plant in Canada Imran Khan banned from flaying State Institutions I-T - Income from sale of flats cannot be computed in assessee's hands, where legal possession of flats had not been handed over to buyers in that particular AY: ITAT Pro-Palestine demonstration spreads across US universities; 100 arrested I-T - Investment activities in venture capital which are not covered in negative list under Schedule III to SEBI Regulations, qualifies for deduction u/s 10(23FB): ITAT NATO asks China to stop backing Russia if keen to forge close ties with West NY top court quashes conviction of Harvey Weinstein in rape case


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Mumbai, March 20, 2017 CX � Appellant not liable to reverse credit on inputs used in manufacture of final product when it was dutiable but lying in stock when exempted: CESTAT

Mumbai, March 20, 2017 I-T - Disclosure made after initiation of proceedings u/s 142, is not 'voluntary disclosure' and hence would not absolve assessee from rigours of penalty

Mumbai, March 20, 2017 ST - Even if output services which are exempted services are exported, service tax paid on input service is eligible for refund: CESTAT

Mumbai, March 20, 2017 CX - Cutting and slitting of aluminium foils of jumbo size into smaller size is not taxable: CESTAT

Ahmedabad, March 18, 2017 I-T - Providing 'medical relief to humans' is not different from providing 'medical relief to animals' for purposes of relief from section 2(15)

New Delhi, March 17, 2017 DRI is not certain that money lying in bank a/c is sale proceeds of Gold - no justification in freezing 'cash credit' accounts: HC

New Delhi, March 17, 2017 Anti circumvention proceedings are part of larger scheme of anti dumping procedures and trajectory of inquiry is altogether different: HC

New Delhi, March 17, 2017 Cus - Affixing SCN on notice board of Customs House would arise only in event that notice 'cannot be served in manner prescribed' u/s 153: HC

Mumbai, March 17, 2017 ST - Both CX and ST registration are taken by same legal entity, therefore, single CENVAT Credit account can be maintained: CESTAT

Chennai, March 17, 2017 I-T - A donor cannot be denied benefit u/s 35AC, on ground of malpractices in management of Trust, rules ITAT

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April 26, 2024

I-T - Assessee cannot be prevented from claiming that receipts from sale of software were wrongly offered as royalty, merely because such income was wrongly offered in ROI and which was not revised: ITAT

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