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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, September 28, 2016 I-T - Whether upon invalidation of return of income, liability admitted by assessee in earlier order should be refunded without proceeding for completion of assessment, if any - NO: HC

Mumbai, September 28, 2016 CX - No reason for not allowing turnover discount to non-performers as it will encourage dealers to work more efficiently and get orders which will benefit dealers as well as appellant: CESTAT

Ahmedabad, September 28, 2016 I-T - Whether where AO has reopened assessment of Entity A in connection with technology transfer by recording reasons that technology was developed by such entity only and Entity B had no infrastructure for developing, it is open to AO to give notice on very same ground to Entity B also - NO: HC

Mumbai, September 28, 2016 Cus - Inclusion of imported items in Fertiliser (Control) Order, 1985 cannot but reinforce opinion that these are indeed fertilizers as decided by competent department of Government of India: CESTAT

New Delhi, September 28, 2016 CX - Since 'Technology Development' did not yield any result, service provider returned amount but same was shown as 'unsecured loan' - transaction of 'input service' is suspect, 'sham transaction' and, therefore, credit rightly denied: CESTAT

Ahmedabad, September 27, 2016 I-T - Whether dress code prescribed for employees at work place would qualify as uniform, even if it is clear that there is nothing on record to suggest that there was any such dress code prescribed before issue of circular regarding 'compulsory wearing of uniform' - NO: HC

Ahmedabad, September 27, 2016 I-T - Whether mere transfer of shares from stock-in-trade to investment leads to any taxing event & makes assessee liable to pay tax on such income - NO: HC

Chennai, September 27, 2016 ST - Limitation is essentially a question of fact - since disputed question of facts are to be examined, matter has to be agitated before Tribunal: High Court

New Delhi, September 27, 2016 CX - Valuation - Place of removal is depot -Discounts allowed in price contracted for sale from depot would be allowable as deduction from such price: CESTAT

New Delhi, September 26, 2016 NDPS - Connection of contraband with appellant was clearly established after which burden was on appellant to show that he had effected sale to an authorized person: SC

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