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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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New Delhi, December 23, 2016 I-T - Whether amounts of advance tax paid prior to declaration under Kar Vivad Samadhan Scheme, can be adjusted while determining tax arrears - NO: HC

Mumbai, December 23, 2016 ST - Prior to 2006, in order to get covered under Consulting Engineer Service, person should be professionally qualified engineer/Engineering firm -manufacturer transferring technology in r/o bulk drugs not taxable: CESTAT

Mumbai, December 23, 2016 Cus - What has been imported is second hand tunneling equipment in semi knocked down condition and not 'parts and components' of second hand machine - no special import licence required: CESTAT

Ahmedabad, December 22, 2016 Cus - ADD on Soda Ash - Midterm review - DGAD findings that no injury to domestic industry despite continued dumping - Government permitted to issue notification revoking ADD, but it would be applicable only after final hearing: HC

Cuttack, December 22, 2016 I-T - Whether transfer of case from one ITO to another due to restructuring of Department is not valid even if assessee is not prejudiced � NO: HC

Mumbai, December 22, 2016 Cus - MRP has to be declared by importer if there is going to be resale of goods - it is undisputed that tiles were imported for personal use - CVD discharged on declared value plus Customs duty is correct: CESTAT

Mumbai, December 22, 2016 ST - Appellant is repeating infraction in not depositing ST collected from customers - no merits in arguments that ST liability having been discharged, penalties should be set aside: CESTAT

Ahmedabad, December 21, 2016 Wealth Tax: Whether 'Stock Exchange Card' of recognised Stock Exchange held by non-defaulting member is an 'Asset' in hands of assessee and hence exigible to wealth tax � YES: HC

Chennai, December 21, 2016 Commissioner (Appeals) allowed appeal for earlier period - Ordering pre-deposit of full duty in another appeal of identical issue is not correct - Petitioner is entitled for full waiver: HC

Mumbai, December 21, 2016 ST - S.80 of FA, 1994 - During the relevant period there could be doubt as to whether ST liability arises on amount received as commission on sale of items manufactured by someone else -Penalty set aside: CESTAT

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