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Musk defers India’s trip citing heavy Tesla obligations India needs to design legislative pills to euthanise tax-induced expatriation!I-T- Exercise of jurisdiction u/s 263 is invalid if AO has taken particular view, which though, may not be only view, but certainly can be possible view : ITAT Torrential rains cause havoc in Pakistan; 87 killed I-T- Additions framed on account of unexplained money upheld as assessee was unable to prove source of cash deposited in assessee's bank account : ITAT US imposes sanctions on 3 Chinese firms and one from Belarus for transfering missile tech to Pakistan CX - Appellant has regularly filed statutory returns on monthly basis and the fact of clearance of goods and availment of credit was duly reflected in returns but same has not been examined by authorities below, impugned order is not sustainable: CESTAT Dubai terribly water-logged as it has no storm drains ST - When services are received from separate source & accounted separately in separate ledgers, there cannot be any question of clubbing them under one category: CESTAT EU online content rules tightened against adult content firms Cus - The continuous suspension of license of Customs Broker without either conducting an inquiry or issuing a notice for revocation of license or imposition of penalty is bad in law and needs to be set aside: CESTAT EV market cools off in US; Ford, GM eyeing gas-powered trucks Apple China tosses out WhatsApp & Threads from App store after being ordered China announces launch of new military cyber corps Railways operates record number of additional Trains in Summer Season 2024 GST - Assessing officer took into account the evidence placed on record and drew conclusions - Bench is, therefore, of the view that petitioner should present a statutory appeal: HC 1st phase polling - Close to 60% voter turnout recorded Ministry of Law to organise Conference on Criminal Justice System tomorrow GST - To effectively contest the demand and provide an opportunity to petitioner to place all relevant documents, matter remanded but by protecting revenue interest: HC Govt appoints New Directors for 6 IITs Nexus between Election Manifesto and Budget 2024 in July!Israel launches missile attack on Iran EC holds Video-Conference with over 250 Observers of Phase 2 polls


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Kolkata, February 22, 2016 I-T - Whether when power to make assessment lapses completely on expiry of period of limitation, it becomes a statutory fetter which cannot be relaxed or waived even by assessee - YES: ITAT

Mumbai, February 22, 2016 CX - Decision of LB in case of Sterlite Industries Ltd relies on spirit of MODVAT Rules and no specific rules - Ratio is equally applicable to CCR, 2004 - Inputs used for job work are entitled to CENVAT credit: CESTAT

New Delhi, February 21, 2016 Devolution of taxes - Centre allocates Rs 5.24 lakh Crore out of Rs 8.36 Crore to States so far

NEW YORK, February 21, 2016 Bees can help increase crop yields of 2 bn small farmers at no cost: FAO Study

Mumbai, February 20, 2016 Cus - Order being a notice for holding an inquiry and appointment of Inquiry Officer and Presenting Officer was meant for those officers only and same cannot be treated as 'adjudication order' - appeal against same is not maintainable: CESTAT

Paris, February 20, 2016 Global economy not likely to expand faster in 2016 than in 2015: OECD's Latest Economic Outlook

Ahmedabad, February 19, 2016 I-T - Whether provisons of Sec 201(3) as amended by Finance Act 2014 are applicable retrospectively - NO: HC

Kolkata, February 19, 2016 Customs - goods imported under DFIA Licenses obtained fraudulently - Demand of duty from transferees upheld - Plea that licences were not cancelled by DGFT not sustainable: CESTAT

Mumbai, February 19, 2016 Companies Act - Whether, after amendment of Act in 2013, any MD who was appointed prior to Amendment Act would have right to continue to act as MD after his attaining age of 70 years without special general resolution passed by Company - NO: HC

Hyderabad, February 18, 2016 Customs - Valuation of imported fixed wireless telephones and software CD ROMs - Inclusion of value of software for discharging Customs duty - whether there are two distinct goods - NO: CESTAT Larger Bench

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Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.

April 19, 2024 | New Delhi

Railways operates record number of additional Trains in Summer Season 2024

April 19, 2024 | New Delhi

Ministry of Law to organise Conference on Criminal Justice System tomorrow

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April 16, 2024

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April 2024 Edition

Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

April 19, 2024

I-T- Onus of establishing receipt of services from Associated Enterprise has to be discharged on year to year basis by assessee company: ITAT

April 19, 2024

DTAA - Payment received on account of subscription, professional and training services cannot be deemed to be Fees for Technical service and be taxed as Royalty, where no technical know-how is made available: ITAT

April 19, 2024

Companies Act - Charges of professional misconduct in SCN are proved for which monetary penalty can be imposed : NFRA

April 19, 2024

PMLA - Application for anticipatory bail can be rejected as there is failure on part of applicant to appear before trial Court despite service of bailable warrant : HC

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