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1st phase polling - Close to 60% voter turnout recorded Railways operates record number of additional Trains in Summer Season 2024 Govt appoints New Directors for 6 IITs Ministry of Law to organise Conference on Criminal Justice System tomorrow GST - Assessing officer took into account the evidence placed on record and drew conclusions - Bench is, therefore, of the view that petitioner should present a statutory appeal: HC Nexus between Election Manifesto and Budget 2024 in July!GST - Tax liability was imposed because petitioner replied without annexing documents - It is just and appropriate that an opportunity be provided to contest tax demand on merits, albeit by putting petitioner on terms: HC GST - To effectively contest the demand and provide an opportunity to petitioner to place all relevant documents, matter remanded but by protecting revenue interest: HC GST - Petitioner has failed to avail opportunities granted repeatedly - Court cannot entertain request for remand as there has been no procedural impropriety and infraction of any provision by assessing authority: HC GST - Classification - Matter which had stood examined by Principal Commissioner is being treated differently by Additional Commissioner - Prima facie , approach appears to be perverse: HC I-T- Denial of deduction u/s 80IC can create perception of genuine hardship, where claimant paid tax in excess of what was due; order denying deduction merits re-consideration: HC Israel launches missile attack on Iran EC holds Video-Conference with over 250 Observers of Phase 2 polls Germany disfavours Brazil’s proposal to tax super-rich I-T- If material found during search are not incriminating in nature AO can not made any addition u/s 153A in respect of unabated assessment: ITAT Govt appoints Dinesh Tripathi as New Navy Chief AFMS, IIT Kanpur to develop tech to address health problems of soldiers FBI sirens against Chinese hackers eyeing US infrastructure Kenya’s top military commanders perish in copter crash CBIC notifies Customs exchange rates w.e.f. April 19, 2024 Meta shares ‘Most Intelligent’ AI assistant built on Llama model Dengue cases soaring in US - Close to ‘Emergency situation’: UN Agency


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Bangalore, July 21, 2016 I-T - Whether receipts from sale of shares can be treated as 'business income', when investment was made from fund of Company and investment made was shown as investment at cost value from very inception - NO: HC

Mumbai, July 21, 2016 Cus - CHA Licence - Findings of Commissioner are apparently based on surmises and assumptions and do not instill any confidence that there was any contravention by CHA of CHALR: CESTAT

Mumbai, July 21, 2016 CX - MODVAT credit availed on capital goods in 1996 and removed after use in 2006 - Payment of duty at TV suffices and no requirement to reverse credit availed: CESTAT

Ranchi, July 20, 2016 ST - Whenever voluntary disclosure scheme is floated, further leniency should not be given by Court apart from what has been provided, otherwise, there will be no end of liberal approach: High Court

Mumbai, July 20, 2016 ST - Runways are not roads and, therefore, activities pertaining to 'runway' will not be entitled for exemption in terms of sections 97 & 98 of FA, 2012 - Petition fails: High Court

Chennai, July 20, 2016 I-T - Whether when assessee exporter is given incentive for exploring global market for expansion, such incentive is to be treated as revenue receipt - NO: ITAT

Mumbai, July 20, 2016 Cus - There is no valid legal ground for an individual to carry Indian currency out of country as these are not accepted for transactions anywhere in world - absolute confiscation cannot be faulted: CESTAT

Hyderabad, July 19, 2016 Tariff Value Notification No 36/2001 Cus (NT) comes into effect only on or after 06.08.2001 - Telangana & AP High Court follows judicial discipline and follows SC ruling as High Court cannot hold SC ruling as per incuriam

Ahmedabad, July 19, 2016 Drawback on exported goods cannot be denied on ground that raw materials were imported under other export incentive schemes like DEPB or MLFPS: HC

Ahmedabad, July 19, 2016 I-T - Whether assessee is entitled for release of amount with interest after adjustment of tax due from cash seized when there is no dispute as regards the title of seized cash - YES: HC

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Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.

April 19, 2024 | New Delhi

Railways operates record number of additional Trains in Summer Season 2024

April 19, 2024 | New Delhi

Ministry of Law to organise Conference on Criminal Justice System tomorrow

April 19, 2024 | New Delhi

EC holds Video-Conference with over 250 Observers of Phase 2 polls

April 19, 2024 | New Delhi

AFMS, IIT Kanpur to develop tech to address health problems of soldiers

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April 16, 2024

Diversion of goods imported under Advance Licence to Open Market: Mens rea upheld

April 09, 2024

Hearings in CESTAT after commencement of CIRP by NCLT

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

April 19, 2024

I-T- Onus of establishing receipt of services from Associated Enterprise has to be discharged on year to year basis by assessee company: ITAT

April 19, 2024

DTAA - Payment received on account of subscription, professional and training services cannot be deemed to be Fees for Technical service and be taxed as Royalty, where no technical know-how is made available: ITAT

April 19, 2024

Companies Act - Charges of professional misconduct in SCN are proved for which monetary penalty can be imposed : NFRA

April 19, 2024

PMLA - Application for anticipatory bail can be rejected as there is failure on part of applicant to appear before trial Court despite service of bailable warrant : HC

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