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IndiGo orders 30 Airbus A350s for long hauls Filing of Form 10A & 10AB: CBDT extends due date to June 30 RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimes CPGRAMS recognized as best practice in Commonwealth Secretaries of public service Israel-Iran War: A close shave for Global Economy but for how long?KABIL, CSIR ink MoU for Advancing Geophysical Investigations I-T - If income from stock-in-trade are held as investments, then provisions of section 14A would apply to such income: ITAT TRAI recommends on Infra Sharing, Spectrum Sharing & Spectrum Leasing I-T- Revisionary powers u/s 263 can't be exercised when AO has neither assumed facts incorrectly nor there is incorrect application of law : ITAT Technology Board okays funding of Dhruva Space's Solar Array Project I-T- Issue of interest is debatable issue on which two views are possible and AO accepted one of views for which PCIT cannot assume revisional jurisdiction: ITAT Health Secy visits Bilthoven Biologicals, discusses production of Polio Vaccine I-T - Estimation of profit element from purchases should be done reasonably if assessee could not conclusively prove that purchases made are from parties as claimed, in absence of confirmations from them: ITAT Study finds Coca-Cola accounts for 11% of branded plastic pollution worldwide I-T- Triplex flats purchased are interconnected and can be considered as 'a residential unit'' as per definition of section 54F of Act : ITAT Delhi HC says conspiracy against PM is a crime against State I-T- AO omitted to probe issue of cash payments made over specified limit; revisionary power u/s 263 is rightly exercised: ITAT Brazil makes new rules to streamline consumption taxes I-T-Power of revision unnecessarily exercised where AO had no scope to examine creditworthiness & genuineness of assessee's creditors: ITAT Biden signs rules mandating airlines to give automatic refunds for delayed or cancelled flights I-T-As per settled law, in absence of enabling powers, no disallowance can be made : ITAT BYD trying to redefine luxury for new EV variants GST - On the one hand, the order states registration is liable to be cancelled retrospectively and on the other hand mentions that there are no dues - Order modified: HC SC asks EC to submit more info on reliability of EVMs Right to Sleep - A Legal lullaby


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Mumbai, April 07, 2016 CX - Appellants engaged in selling physician samples to distributors who were further distributing same free of cost - since there is a TV available at which goods are sold to distributors, & same has not been challenged, same should be AV u/s 4(1)(a): CESTAT

New Delhi, April 07, 2016 I-T - Whether assessee can claim refund of voluntarily paid wealth tax if it has filed delayed return and has failed to disinvest shares held in prohibited modes which was essential for claiming wealth tax exemption - NO: HC

Mumbai, April 06, 2016 ST - 50% amount of tax dues under VCES deposited on 01.01.2014 as applicant could not make payment on 31.12.2013 due to system fault - No infirmity in order of Commissioner (A) accepting such payment towards compliance of first tranche of VCES, 2013: CESTAT

Chennai, April 06, 2016 CX - High Court has jurisdiction to interfere at Show Cause Notice stage if there is abuse of process of law - SCN quashed as time barred : HC

Chennai, April 06, 2016 I-T - Whether provisions of Sec 292BB can be invoked in a case where very initiation of proceedings is against a dead person - NO: HC

Mumbai, April 06, 2016 Cus - Tribunal should have noted if penalty is imposed on 28.03.2013, from 29.02.2008 when suspension was revoked, to 28.03.2013, petitioner was merrily carrying on business as CHA - Something more is required to prove aiding & abetting of smuggling of red sanders: HC

Chennai, April 05, 2016 Erroneous refund - Order of refund u/s 11B is an adjudication order - Without review u/s 35E, refund already granted cannot be recovered u/s 11A: High Court

Mumbai, April 05, 2016 CESTAT has no legal authority to enforce its judgments - applicant advised to approach such fora which are endowed to compel such public authorities to observe judicial discipline

Bangalore, April 05, 2016 I-T - Whether revised returns showing FDs as well as interest earned on them is to be construed as voluntary disclosure even if assessee was informed of such concealment by issuance of notices u/s 148 - NO: HC

Chennai, April 05, 2016 Since demand against a firm can be equally enforced against partners, failure of Department to file appeals against individuals, will not have a bearing upon main appeals : HC

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