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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 18, 2017 Cus - It is not case of Revenue that Courier Co itself was involved in any violation by taking help of employees for duty evasion evade - punishment already suffered by keeping them out of business & imposition of penalty suffices: CESTAT

Mumbai, January 18, 2017 CX - Duty paid MV returned after ARAI testing subjected to fluid level & electrical system checks - process not manufacture, hence appellant to pay sum equal to credit taken - duty discharge on TV not proper: CESTAT

New Delhi, January 17, 2017 ST - Rule 6 - Explanation placing restrictions prejudicial to interest of AEs would not apply retrospectively: CESTAT

Mumbai, January 17, 2017 I-T - Whether variable payments made to director of a company without deducting TDS can be construed as 'salary', if payments were subsequently reversed - NO: ITAT

New Delhi, January 17, 2017 CX - Cenvat Credit - Inputs not manufactured by input supplier but procured from open market - No cenvat Credit: CESTAT

New Delhi, January 16, 2017 Cus - Brass scrap converted into bricks for ease of clearance - No change in duty rate - No misdeclaration: No evidence to conclude that transaction value is to be disregarded: CESTAT

Mumbai, January 16, 2017 I-T - Whether entries made in bank pay slips will prevail over entries of books of account, for determining nature of income unearthed during search proceedings - NO: HC

Chennai, January 16, 2017 Clearances to SEZ - order confirming demand without taking into account CBEC Circular and amendment to Notification No 67/95-CE is set aside and matter remanded: HC

Bangalore, January 15, 2017 Central Excise - Condonation of delay beyond condonable limit - delay of 184 days condoned by exercising extra ordinary jurisdiction: HC

New Delhi, January 14, 2017 Cus - Classification - External Hard Disk Drive - Exemption under Notification 12/2012 - Classification under heading 84717020 upheld and exemption allowed : CESTAT

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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

April 26, 2024

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April 25, 2024

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SARFAESI Act - Writ petition can be disposed of as infructuous as one time settlement has been entered into between parties : HC

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