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ST - Amendment made to FA, 1994 on 14.05.2015 making service tax applicable retrospectively on chit-fund business is only prospective - Refund payable of tax paid between 01.07.2012 to 13.05.2015: HC ST - SVLDRS, 2019 - Amnesty Scheme, being of the nature of an exemption from the requirement to pay the actual tax due to the government, have to be considered strictly in favour of the revenue: HC CX - Issue involved is valuation of goods u/r 10A of CE Valuation Rules, 2000 - Appeal lies before Supreme Court: HC Cus - Smuggling - A person carrying any article on his belonging would be presumed to be aware of the contents of the articles being carried by him: HC Cus - Penalty that could be imposed for smuggling 3.2 kg of gold was Rs.88.40 lakhs, being the value of gold, but what is imposed is Rs.10 lakhs - Penalty not at all disproportionate: HC Cus - Keeping in mind the balance of convenience and irreparable injury which may be caused to Revenue, importer to continue indemnity bond of 115 crore and possession of confiscated diamonds to remain with department: HC Cus - OIA was passed in October 2022 remanding the matter to adjudicating authority but matter not yet disposed of - Six weeks' time granted to dispose proceedings: HC I-T - High Court need not intervene in matter involving factual issues; petitioner may utilise option of appeal: HC China asks Blinken to select between cooperation or confrontation I-T - Unexplained cash credit - additions u/s 68 unsustainable where based on conjecture & surmise alone: ITAT Honda to set up USD 11 bn EV plant in Canada I-T - Re-assessment is invalid where based only on a suspicion that income escaped assessment & where not based on concrete reasons to believe for commencing such proceedings : ITAT Imran Khan banned from flaying State Institutions I-T - Income from sale of flats cannot be computed in assessee's hands, where legal possession of flats had not been handed over to buyers in that particular AY: ITAT Pro-Palestine demonstration spreads across US universities; 100 arrested I-T - Investment activities in venture capital which are not covered in negative list under Schedule III to SEBI Regulations, qualifies for deduction u/s 10(23FB): ITAT NATO asks China to stop backing Russia if keen to forge close ties with West Cus - When Department has not complied with time limit, the order issued for revocation of licence or order issued for continuation of suspension licence cannot sustain: CESTAT NY top court quashes conviction of Harvey Weinstein in rape case Weather prediction normal for phase 2 poll day IndiGo orders 30 Airbus A350s for long hauls ST - Appellant is an 'authorised medical practitioner' providing 'healthcare services' - services exempted in terms of clause 2(i) of notification 25/2012-ST: Commr(A)RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimes REC avails SACE-Covered Green Loan for 60.5 Billion Japanese Yen Study finds Coca-Cola accounts for 11% of branded plastic pollution worldwide Cus - 'Small Form-factor Pluggable Optical Transceivers' are classifiable under CTH 8517 7090 and not under CTH 8517 62 90 - entitled for benefit of duty concession under 57/2017-Cus: CESTAT DoNER discusses Development of Tourism in North East CX - Appellant is eligible for exemption under Notfn 12/2012-CE upon fulfilling all conditions stipulated therein, thus sufficiently establishing that goods dealt with by Appellants qualify for exemption: CESTAT


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New Delhi, April 19, 2016 Competition Act, 2002 - Whether Commission is under an obligation to indicate reasons for disagreement with findings of DG and give an opportunity to opposite parties to file their replies/objections - YES: COMPAT

Mumbai, April 19, 2016 I-T - Whether contributions made by members to an Association can be a subject matter of tax, merely because part of Association's excess income over expenditure is invested in mutual funds - NO: HC

Mumbai, April 19, 2016 ST - VCES, 2013 - Tax dues were declared incorrectly due to arithmetical error and appellant suomotu made good balance payment along with interest by 31.12.2014 - It cannot be said that appellant had made a substantially false declaration: CESTAT

Kolkata, April 19, 2016 Cus - O-in-O passed in July 1987 & appeal filed in year 2002 - Petitioner is seeking to take advantage of his negligence in not keeping abreast with developments of adjudicatory proceedings - Petition dismissed: HC

Mumbai, April 18, 2016 CX - Samples drawn from each batch for testing in in-house laboratory are not leviable to CE duty - Adjudicating authority has been over zealous in interpreting provisions - Orders set aside & Appeals allowed: CESTAT

Patna, April 18, 2016 Cus - Sale of confiscated goods - Article 285 of Constitution of India does not apply to indirect taxes like Customs duty, Central excise duty & Sales tax - Customs department is a dealer within meaning of Sec 2(e) of Bihar Finance Act, 1981 and, thus, is exigible to sales tax: HC

Ahmedabad, April 18, 2016 I-T - Whether refundable security deposit is not akin to income and same cannot be taxed - YES: ITAT

Kolkata, April 18, 2016 ST - A mere mechanical reproduction of language of proviso to Sec 73(1) does not per se justify invocation of extended period of limitation - SCN issued at instance of CERA without any independent application of mind is not permissible in law: HC

Allahabad, April 17, 2016 CX - Chapter 27 does not cover electrical energy produced from bagasse - Therefore, electrical energy is not an excisable goods nor is it exempted goods u/s 2(d), hence Rule 6 of CCR, 2004 is not applicable: CESTAT

Paris, April 17, 2016 OECD Report to G20 - Many countries yet to implement exchange of tax information pact

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April 26, 2024

I-T - Assessee cannot be prevented from claiming that receipts from sale of software were wrongly offered as royalty, merely because such income was wrongly offered in ROI and which was not revised: ITAT

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Trade Mark Act - Marks are visually phonetically and deceptively similar to Plaintiffs' trademarks : HC

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