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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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New Delhi, March 30, 2016 Sales Tax/CST - Whether exemption notification relates to exemption of goods or person selling it - Exemption is goods specific: Supreme Court

Hyderabad, March 30, 2016 Cus - Software embedded on equipment declared as supplied separately in CDs to evade Customs duty - No reason to interfere with Majority order of CESTAT directing pre-deposit of entire duty: HC

Mumbai, March 30, 2016 I-T - Whether when entire interest-free advances were given to subsidary company out of commercial expediency, any disallowance of interest expenditure on proportionate basis is warranted - NO: ITAT

Kolkata, March 30, 2016 CX - Processes undertaken by appellant on sand ores like magnetic & gravity separation to remove unwanted matters result into conversion of ores to concentrate & same is 'manufacture' in view of Ch. Note 4 to Ch. 26 : CESTAT

Chennai, March 29, 2016 Service Tax not reimbursed by main contractor to sub-contractor - Writ Petition under Article 226 is not maintainable - Claim can be decided only by a competent civil Court : High Court

Kolkata, March 29, 2016 I-T - Whether expenditure incurred by an entity for developing application software for facilitating itself in manufacturing operations is capital in nature merely because it is for obtaining benefit of enduring nature - NO: HC

Mumbai, March 29, 2016 Cus - When benefit of notification which importer was eligible to was not extended due to an error and non-upgradation of EDI system, same cannot be held against assessee only on ground that they had not challenged the assessment: CESTAT

Bangalore, March 28, 2016 Service Tax - CENVAT Credit on services received by Head Office in respect of disinvestments undertaken entitled: CESTAT

Chennai, March 28, 2016 ST - Second SCN issued contrary to directions of High Court to consider reply to earlier demand letter is patently illegal and quashed: HC

Kolkata, March 28, 2016 I-T - Whether reimbursement of medical expenses by donor of welfare fund for own employees is to be treated as an act beneficial to humanity at large for purpose of Sec 10(22A) benefits - NO: HC

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