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IndiGo orders 30 Airbus A350s for long haulsFiling of Form 10A & 10AB: CBDT extends due date to June 30RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimesCPGRAMS recognized as best practice in Commonwealth Secretaries of public serviceIsrael-Iran War: A close shave for Global Economy but for how long?KABIL, CSIR ink MoU for Advancing Geophysical InvestigationsI-T - If income from stock-in-trade are held as investments, then provisions of section 14A would apply to such income: ITATTRAI recommends on Infra Sharing, Spectrum Sharing & Spectrum LeasingI-T- Revisionary powers u/s 263 can't be exercised when AO has neither assumed facts incorrectly nor there is incorrect application of law : ITATTechnology Board okays funding of Dhruva Space's Solar Array ProjectI-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: ITATHealth Secy visits Bilthoven Biologicals, discusses production of Polio VaccineI-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: ITATStudy finds Coca-Cola accounts for 11% of branded plastic pollution worldwideI-T- Triplex flats purchased are interconnected and can be considered as 'a residential unit'' as per definition of section 54F of Act : ITATDelhi HC says conspiracy against PM is a crime against StateI-T- AO omitted to probe issue of cash payments made over specified limit; revisionary power u/s 263 is rightly exercised: ITATBrazil makes new rules to streamline consumption taxesI-T-Power of revision unnecessarily exercised where AO had no scope to examine creditworthiness & genuineness of assessee's creditors: ITATBiden signs rules mandating airlines to give automatic refunds for delayed or cancelled flightsI-T-As per settled law, in absence of enabling powers, no disallowance can be made : ITATBYD trying to redefine luxury for new EV variantsGST - 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: HCSC asks EC to submit more info on reliability of EVMsRight to Sleep - A Legal lullaby
 
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Mumbai, February 14, 2017
CX - Whether an adjudication order can, in manner natural to protozoa, split into two - No, says CESTAT
 
Hyderabad, February 14, 2017
Construction of bulk handling system in Port - Classifiable under Works Contract Service - Not liable to tax before 01/06/07: CESTAT
 
Mumbai, February 14, 2017
I-T - Whether order passed u/s 143(3) without considering objections of assessee, is invalid, if such objection regarding non-service of notice was taken much before completion of assessment - YES: HC
 
Mumbai, February 14, 2017
CX - When documentary evidences are available, statement alone cannot be relied upon: CESTAT
 
New Delhi, February 13, 2017
ST - To hold railways or airports authority as non-commercial organizations only on ground that they are for public utility has no legal basis – Cleaning service provided is taxable under FA, 1994: CESTAT
 
Mumbai, February 13, 2017
I-T - Whether owner can claim deduction u/s 24b on account of interest on borrowed capital which was utilized in acquisition & repairs of house property, only if he has paid tax u/s 23 in respect of bonafide ALV - YES: ITAT
 
New Delhi, February 13, 2017
ST - Amount received in terms of MOU was summarily considered as consideration without examination and pointing out nature of service and its classification - demand rightly dropped: CESTAT
 
Mumbai, February 13, 2017
CX – Token recovery of Re 1 per employee per day is as an administrative cost and is not intended to defray cost of food served to employees– Tax paid towards supply of canteen services is admissible credit: CESTAT
 
New Delhi, February 12, 2017
ST – BAS - Selling branded goods cannot be considered as providing service with brand name of another person - Benefit of Notfn. 6/2005-ST available: CESTAT
 
New Delhi, February 11, 2017
ST - Legal fiction in Sec 66A cannot be restricted only to collection of tax without applying any concession of notification applicable thereto: CESTAT
 
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