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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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Chandigarh, August 02, 2016 CX - Issue involved is regarding valuation of goods as evident from order of Tribunal which considered issue in light of s.4 of CEA, 1944 - Revenue Appeal dismissed: High Court

Ahmedabad, August 02, 2016 I-T - Whether when land is compulsorily acquired and separate compensation is paid for land and trees standing on it, provisions of Sec 194LA are applicable even to sum received against trees - NO: HC

Mumbai, August 01, 2016 ST - If payment of arrears is made u/s 73 of FA, 1994, then Rule 3(4) of CCR, 2004 does not apply: CESTAT

Kolkata, August 01, 2016 I-T - Whether interest subsidy granted to industrial undertaking under State Govt Scheme intended to accelerate industrial development in such State, can be reduced from cost of capital asset for purpose of computing depreciation - NO: ITAT

Mumbai, August 01, 2016 Cus - Dispute on taxability stands settled in favour of importer for period from 2001 to 2005 and this resolution is equally applicable to subsequent imports - consequently levy of enhanced duty is contrary to law and cannot be retained by exchequer: CESTAT

New Delhi, July 31, 2016 Railways sitting over pile of 52401 hectares land bank; recovers 94 hectares encroached land in last three years

New Delhi, July 30, 2016 Income Tax - Protest by IRS officers - Association meets Finance Minister; Issues to be 'suitably addressed', says Jaitley

New Delhi, July 30, 2016 Sovereign Gold Bond Scheme - Govt mops up Rs 919 Crore in 4th tranche��

Hyderabad, July 30, 2016 Settlement Commission - Explanation to Sec 32(O)(1) of CE Act cannot be applied retrospectively - Settlement Commission has erred in rejecting application u/s 32(O)(1) - Matter remanded: HC

New Delhi, July 29, 2016 CX - Legislature can enact laws to operate retrospectively and enforce an earlier invalid legislation - Rule 57F(4A) of CER, 1944 providing lapsing of credit was limb of rationalization & is not irrational: High Court

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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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