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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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New Delhi, July 13, 2016 Delhi ICD Customs busts gang laundering black money against fake Bills of Entry; Illicit remittances to tune of Rs 220 Crore detected so far

Ernakulam, July 13, 2016 Extending time to comply with payment under VCES Scheme - Petition against refusal by Department to extend time has no merit: High Court

Ahmedabad, July 13, 2016 I-T - Whether partnership firm can be held liable for not disclosing amended partnership deed where AO fails to question firm regarding non-payment of interest & remuneration to partners even as per previous partnership deed, at time of making assessment - NO: HC

Chandigarh, July 13, 2016 CX - Power to arrest is independent from disposal - Dept is bound to follow procedure - As petitioner was not presented before Magistrate by an authorized officer, strong case for grant of bail: HC

Mumbai, July 12, 2016 Cus - There is no need to treat all exporters alike if it is only some exporters who are indulging in wrongful act - if drawback claim is held back, claimants ought to know reason therefor: High Court

Ahmedabad, July 12, 2016 I-T - Whether if there is inordinate delay in sanctioning refund which includes statutory interest, then Revenue is under obligation to pay compensation and not only interest on interest - YES: HC

Mumbai, July 12, 2016 ST - Services rendered by overseas entities to appellant is performance-based service and, to become taxable, requires that at least some portion be rendered in India - role of overseas entity commences and ends beyond border of India: CESTAT

Ahmedabad, July 11, 2016 ST - Since SEZ unit of respondent assessee had not charged for services provided to its DTA unit, no service tax was leviable - invoices were raised for such services merely for purpose of convenience : High Court

Raipur, July 11, 2016 I-T - Whether expenses incurred on voluntarily executed CSR activities exclusively for business purpose are entitled to deduction - YES: ITAT

Mumbai, July 11, 2016 Cus - s.14 of CA, 1962 - In any transaction, terms of agreement need to be given precedence and value at time and place of export as entered between two parties has to be considered for discharge of duty liability: CESTAT

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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

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April 24, 2024

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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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