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Jio turns world’s top telco in terms of data traffic India takes part in 'Institutionalization of SMART Government for Improving Service Delivery' in London Gadkari faints during campaign; Heat takes toll on his health 'Sunflowers were the first ones to know' - film by FTII student selected at Cannes SARFAESI Act - Award of interest on auction money at rate applicable to fixed deposits is not a correct view and rate of interest deserves to be enhanced: SC (See 'TIOLCorplaws')ST - Chit Funds - Tax was not paid under mistake of law but upon demand by tax authorities - Refund not having been filed within time was rightly rejected: HC SC asks EC to submit more info on reliability of EVMs GST - Without considering reply on merits, proper officer has held that reply is unsatisfactory and, therefore, he is left with no alternative but to create demand - Order set aside: HC GST - Cancellation of registration retrospectively - Show Cause Notice and the impugned order are bereft of any details, accordingly the same cannot be sustained: HC GST - Registration could not have been cancelled retrospectively for the period for which returns were filed and taxpayer was compliant: HC GST - Notfn 11/2017-CTR amended by 03/2022 - Work contracts executed before 18 July 2022 - Petitioners should file refund claims before respondent agitating grievance and same be examined and orders passed within 4 months: HC Italy imposes USD 10 mn fine on Amazon for unfair business practices GST - Entire tax liability has been realised by appropriating the amount from the petitioner's bank account, therefore, Revenue interest stands fully secured - Since tax proposal was confirmed without participation of petitioner, order set aside and matter remanded: HC Caste Census is my mission, says Rahul Right to Sleep - A Legal lullaby US warns Pak of punitive sanctions against trade deal with Iran I-T- Income surrendered before approaching Settlement Commission not covered u/s 115BBE, where this provision did not exist during relevant AYs: HC Chinese companies decry anti-subsidy probe by EU I-T- Entire interest expenditure is allowable as deduction if loan funds is not diverted for non-income earning activities/personal purposes : ITAT UK to send military aid package worth USD 619 mn to Ukraine US regulator bans non-compete agreements by employees Air India, Nippon Airways join hands for travel between India and Japan SC grills Baba Ramdev & Balkrishna in misleading ad case


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Mumbai, September 14, 2016 Cus - Provisional release of seized goods - Sec 110A applies only where matter is pending adjudication - since BE has been assessed, sec 125 shall apply, according to which assessee can take release of goods on payment of duty: CESTAT

Mumbai, September 14, 2016 I-T - Whether amount raised by debentures is to be considered as used for business even if entire sum raised is advanced to sister concern which is in same line of business and they have business connection with each other - YES: HC

Mumbai, September 14, 2016 Cus - Royalty is hinged upon post-importation manufacture and not on imported goods per se - including royalty amounts in valuation of imported 'master tapes' is improper in law: CESTAT

Mumbai, September 14, 2016 ST - Railways with public investment and private investment function under same statute i.e. Railways Act, 1989 - Railway sidings built by appellant fall within exclusionary portion of sec 65(25a) and are outside ambit of taxation: CESTAT

New Delhi, September 13, 2016 Clarifications on Direct Tax Dispute Resolution Scheme, 2016

New Delhi, September 12, 2016 Cabinet approves creation of GST Council; Revenue Secretary to be ex-officio Secretary to Council; CBEC Chairman to be permanent invitee to Council proceedings; 4 JS-level posts approved; First meeting likely to be on Sept 22

New Delhi, September 12, 2016 Revenue collections trend in five-month: Indirect taxes continue to lord over direct taxes mop-up; Rs 77,000 Crore refund released; Net growth in corporate tax goes in negative

New Delhi, September 12, 2016 ST - To say that notification is clarificatory, there should be something enunciated in original or base notification itself - services added to refund Notif 41/2007-ST by subsequent notifications cannot be given retrospective effect: High Court

Chandigarh, September 12, 2016 I-T - Whether in absence of any proximate nexus having been established by Revenue between administrative expenses and exempt income, no disallowance u/s 14A is warranted - YES: HC

Chennai, September 12, 2016 Customs - Parts, components and accessories of FWT which was complimentary to telephone instrument to function under CDMA technology are eligible for benefit of exemption under Notif No. 21/2005-Cus. dt. 1.3.2005 and not liable to Additional Duty of Customs: CESTAT

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Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

April 24, 2024

TP - Arm's length computation of corporate guarantees issued by assessee in favour of its AEs abroad taken at 1% which has been approved for earlier A.Ys, cannot be disturbed in absence of contrary: ITAT

April 24, 2024

I-T- DTAA does not get triggered at all when a domestic company pays DDT u/s 115-O of the Act : ITAT

April 24, 2024

PMLA - Considering money trail and involvement of applicant in crime he is not entitled for anticipatory bail : HC

April 24, 2024

Competition Act - Informant has neither referred to any particular agreement nor provided any document which suggest existence of anti-competitive agreement : CCI

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