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IndiGo orders 30 Airbus A350s for long hauls Filing of Form 10A & 10AB: CBDT extends due date to June 30 RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimes CPGRAMS recognized as best practice in Commonwealth Secretaries of public service Israel-Iran War: A close shave for Global Economy but for how long?KABIL, CSIR ink MoU for Advancing Geophysical Investigations 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, January 23, 2017 CX - Mentioning part number on Air shaft/Air chucks and brand 'TIDLAND' on letterhead, invoices and catalogues does not amount to use of 'brand name' so as to be held ineligible for benefit of SSI exemption notification: CESTAT

Chandigarh, January 21, 2017 CX - Plywood laminated with plasticized paper is classifiable under Heading 44.08 of first schedule & cannot be treated as article of wood under Heading 44.10 - Revenue's appeal allowed: CESTAT

Mumbai, January 20, 2017 I-T - Whether arbitral award passed subsequent to ITAT's denial for benefit u/s 54F, can be pleaded as additional evidence before ITAT for claiming eligibility of said provision - NO: HC

Mumbai, January 20, 2017 CX - CICS utilised for establishment of plant is not an Input service: CESTAT

New Delhi, January 20, 2017 ST - Technical Inspection Service - Randomly examining garments at various stages like fabric stage does not qualify to be certification service - Demand set aside - CESTAT

Mumbai, January 19, 2017 CX - Cess cannot be considered to be duty of excise for purpose of notification 214/86 - Benefit of exemption not available to job worker who manufactures 'Rear Axle Carrier sub assembly' of exempted Tractors: CESTAT

Chennai, January 19, 2017 I-T - Whether advances paid to closely held company on account of contractual obligation, can be treated as deemed dividend u/s 2(22)(e) - NO: HC

Mumbai, January 19, 2017 Cus - Reading s.121 harmoniously with definition of smuggling in s. 2(39), it is clear that it is not necessary to confiscate goods to enable invocation of s.121 for confiscation of sale proceeds: CESTAT

Mumbai, January 19, 2017 CX - Lack of statutory provision for grant of refund of credit lying unutilized at time of closure of factory and lack of safeguards, conditions and limitations to handle such eventuality - claim rightly rejected: CESTAT

Mumbai, January 18, 2017 I-T - Whether payments for 'specialized jobs' which are outsourced on job work basis, warrants application of Sec 194-I - NO: HC

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