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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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New Delhi, November 21, 2018 ST - When value has been fixed as per Rule 6(7) of STR, 1994, can Incentive be subjected to service tax as 'Commission' under BAS - matter referred to LB: CESTAT

New Delhi, November 21, 2018 I-T - Section 80IC benefit cannot be denied if revised return is filed within stipulated period as per Sec 139(5): ITAT

New Delhi, November 20, 2018 I-T - Rental income arising after purchase of already let out warehouse is to be taxed as income from house property and not as business income, even if assessee is engaged in business of warehousing: ITAT

Chennai, November 20, 2018 Cus - ADD - Even in absence of time limit fixed, a review undertaken u/r 22 is required to be completed on an accelerated basis i.e. definitely before time period prescribed in Rule 17 or 23: HC

Chennai, November 19, 2018 I-T - Loss arising from foreign exchange fluctuation is not unascertained liability and need not be added back to the book profit u/s 115JA: HC

Mumbai, November 19, 2018 I-T - Penalty cannot be levied for delay in filing TDS returns due to shifting from manual system to e-filing: ITAT

New Delhi, November 19, 2018 ST - CE Officers of DGCEI have all India jurisdiction - can issue SCNs and enquire even if assessee is registered with multiple Commissionerates: HC

New Delhi, November 17, 2018 I-T - Mere increase in expenses cannot be ground for rejection of books of accounts unless assessee fails to explain same: ITAT

New Delhi, November 16, 2018 CX - An anomalous consequence cannot be contemplated much less countenanced in law: HC

Ahmedabad, November 16, 2018 I-T - A manufacturer cannot claim loss on discarded machinery if same is written off in books on notional basis without actually selling machinery: ITAT

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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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