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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 I-T - Re-assessment is invalid where based only on a suspicion that income escaped assessment & where not based on concrete reasons to believe for commencing such proceedings : ITAT 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 Cus - When Department has not complied with time limit, the order issued for revocation of licence or order issued for continuation of suspension licence cannot sustain: CESTAT NY top court quashes conviction of Harvey Weinstein in rape case Weather prediction normal for phase 2 poll day IndiGo orders 30 Airbus A350s for long hauls ST - Appellant is an 'authorised medical practitioner' providing 'healthcare services' - services exempted in terms of clause 2(i) of notification 25/2012-ST: Commr(A)RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimes REC avails SACE-Covered Green Loan for 60.5 Billion Japanese Yen Study finds Coca-Cola accounts for 11% of branded plastic pollution worldwide Cus - 'Small Form-factor Pluggable Optical Transceivers' are classifiable under CTH 8517 7090 and not under CTH 8517 62 90 - entitled for benefit of duty concession under 57/2017-Cus: CESTAT DoNER discusses Development of Tourism in North East CX - Appellant is eligible for exemption under Notfn 12/2012-CE upon fulfilling all conditions stipulated therein, thus sufficiently establishing that goods dealt with by Appellants qualify for exemption: CESTAT


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Mumbai, January 31, 2017 CX - Principle of 'comity of courts' - By no stretch can an overlap even be contemplated in jurisdiction of officials entrusted with task of collection of central excise: CESTAT

Mumbai, January 31, 2017 ST - Since tax itself was not leviable during disputed period, manner of discharging that tax liability cannot be subject of demand u/s 73 r/w rule 14 of CCR: CESTAT

Pune, January 31, 2017 I-T - Whether sale of SIM cards or recharge coupons at discounted rate to distributors, is 'commission' and hence liable to TDS u/s 194H � NO: ITAT

Mumbai, January 31, 2017 CX - Appellants are liable to pay tax on entire value of goods recovered by them as per contract - excluding value of guarantee is without any authority: CESTAT

Allahabad, January 30, 2017 I-T - Whether when assessee is to return technical knowhow to non-resident after 5 years, royalty paid is to be treated as revenue expenditure - YES: HC

Hyderabad , January 30, 2017 When assessee stopped paying duty as directed by Department, question of suppression does not arise - Adjudicating Authorities should be cautious and apply mind as pre-deposit is mandatory after 06.08.2014: CESTAT

Mumbai, January 30, 2017 CX - Freight per se is not includible in AV, therefore, merely because transportation charges are not mentioned in excise invoice, same cannot be charged to excise duty: CESTAT

Ahmedabad, January 30, 2017 I-T - Whether advances can be treated as deemed dividend in hands of assessee, if he is not shareholder having substantial voting rights in lender company - NO: HC

Mumbai, January 30, 2017 ST - Appellant had recovered rent for Computer colour display machines supplied to their dealers - no tax liability arises under Financial Services: CESTAT

Hyderabad, January 28, 2017 CX - Refund of duty in CENVAT credit - Since the Company is referred to BIFR, Petitioner's request to credit amount to Bank account to enable discharge of some loan is allowed: High Court

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April 26, 2024

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