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India-bound oil tanker struck by Houthi’s missiles in Red Sea RBI issues draft rules on digital lending CRPF senior official served notice of dismissal on charges of sexual harassment Columbia faculty blames leadership for police action against protesters Google to inject USD 3 bn investment in data centre in Indiana UN says clearing Gaza mounds of rubble to take 14 yrs Blinken says China trying to interfere US Presidential polls World Energy Congress 2024: IREDA CMD highlights need for Innovative Financing Solutions Voter turnout surpasses 50% by 4 PM in Phase 2 polls XI tells Blinken - China, US ought to be partners, not rivals 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 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 - 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


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New Delhi, March 23, 2016 Cabinet approves World Bank support of USD 1500 mn to Swachh Bharat Mission

Mumbai, March 23, 2016 ST - HUFs can also be commercial concerns is no longer res integra and, therefore, claim of appellant for immunity from taxability u/s 65(105)(zzb) is not tenable: CESTAT

Lucknow, March 23, 2016 I-T - Whether exemption available to reimbursement under LTC cannot be extended to overseas travel - YES: HC

Mumbai, March 23, 2016 CX - Once factum of death of sole proprietor has come to knowledge of Commissioner, he should have dropped proceedings rather than passing impugned order confirming duty demand, which is not sustainable in law: CESTAT

Mumbai, March 23, 2016 CX - Short and cryptic order by Tribunal - If amendment to LOP is to be treated as retrospective in nature as per Assessee, then Tribunal, as last fact finding Authority, should have discussed as to whether that argument has any merit - Order set aside and matter remanded: HC

Mumbai, March 22, 2016 ST - Usage of programme after delivery to overseas entity is irrelevant in deciding tax liability as 'programme producer' - eligibility for exemption of a taxable service as export is predicated upon providing specific service to an entity outside India who makes consideration in convertible foreign currency for service so rendered: CESTAT

Kolkata, March 22, 2016 I-T - Whether money received by divorced wife out of sale proceeds of property owned by her husband as alimony is capital receipt - YES: HC

Mumbai, March 22, 2016 Cus - Both lower authorities have not ascertained and rendered a finding on applicability of prohibition under Trade Marks Act, 1999 to goods under import - Order of confiscation set aside: CESTAT

Mumbai, March 21, 2016 CX - It is a national loss to stop production in any factory premises - law cannot be such by which production in this country can be suspended for any reason - merely because there is a demand notice pending, de-registration cannot be denied: CESTAT

Chennai, March 21, 2016 Cus - Valuation - Related party transactions - Commission received from foreign supplier on account of service rendered by Indian firm in respect of third party imports is not to be added in transaction value: CESTAT

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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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