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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 Honda to set up USD 11 bn EV plant in Canada I-T - Re-assessment is invalid where based only on a suspicion that income escaped assessment & where not based on concrete reasons to believe for commencing such proceedings : ITAT Imran Khan banned from flaying State Institutions I-T - Income from sale of flats cannot be computed in assessee's hands, where legal possession of flats had not been handed over to buyers in that particular AY: ITAT Pro-Palestine demonstration spreads across US universities; 100 arrested I-T - Investment activities in venture capital which are not covered in negative list under Schedule III to SEBI Regulations, qualifies for deduction u/s 10(23FB): ITAT NATO asks China to stop backing Russia if keen to forge close ties with West Cus - When Department has not complied with time limit, the order issued for revocation of licence or order issued for continuation of suspension licence cannot sustain: CESTAT NY top court quashes conviction of Harvey Weinstein in rape case Weather prediction normal for phase 2 poll day IndiGo orders 30 Airbus A350s for long hauls ST - Appellant is an 'authorised medical practitioner' providing 'healthcare services' - services exempted in terms of clause 2(i) of notification 25/2012-ST: Commr(A)RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimes REC avails SACE-Covered Green Loan for 60.5 Billion Japanese Yen Study finds Coca-Cola accounts for 11% of branded plastic pollution worldwide Cus - 'Small Form-factor Pluggable Optical Transceivers' are classifiable under CTH 8517 7090 and not under CTH 8517 62 90 - entitled for benefit of duty concession under 57/2017-Cus: CESTAT DoNER discusses Development of Tourism in North East CX - Appellant is eligible for exemption under Notfn 12/2012-CE upon fulfilling all conditions stipulated therein, thus sufficiently establishing that goods dealt with by Appellants qualify for exemption: CESTAT


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Mumbai, February 02, 2016 CX - Commissioner cannot use discretion in not passing de novo order despite clear direction by CESTAT - Order to be passed within one month & compliance reported - MA allowed: CESTAT

New Delhi, February 01, 2016 Expert Panel recommends changes in 78 Sections of New Companies Act, 2013; Calls for change in definition of associate company

New Delhi, February 01, 2016 Competition Act - Whether continuation of an interim order is justified merely because it ensures continuous business operations for a person who can be compensated for any loss, in case such person wins the case on merits - NO: HC

Bangalore, February 01, 2016 Tribunal proceeded to pass order based on sentiments, without following statutory provisions, which is uncalled for, particularly, while adjudicating revenue matters - Order set aside and matter remanded to original authority: High Court

Mumbai, February 01, 2016 CX - Four Revenue appeals involves total amount of Rs.5.84 lakhs - even if total amount is taken, in view of latest Board instruction dated 18.12.2015, based on monetary limit, appeals cannot be filed if the amount involved is less than Rs.10 lakhs - Revenue appeals are dismissed: CESTAT

New Delhi, February 01, 2016 I-T - Whether radio programmes produced by assessee can be construed as 'thing', if not an 'article' as defined u/s 32(1)(iia) for purpose of additional depreciation - YES: HC

Hyderabad, February 01, 2016 Customs - Refund of SAD under Notification No 102/2007 Cus - Refund is admissible on timber logs sold as cut sizes - In absence of stay, order of Gujarat High Court prevails - CESTAT

Mumbai, January 30, 2016 CE - Appellants maintaining separate records for storage and use of imported and indigenous Orthoxylene - In absence of anything on record to establish that aforesaid records maintained by appellants are manipulated, exemption under notfn. 8/1997-CE, 13/1998-CE & 23/2003-CE has to be allowed: CESTAT

New Delhi, January 29, 2016 ST - Applicant is required to supply & install ESCIM System at site of customer, supply consumables, as also provide training - transaction qualifies as transfer of right to use goods & consequently is outside definition of service: AAR

Mumbai, January 29, 2016 ST - Refund - There is no provision in law that CENVAT credit can be allowed only after registration of unit - credit is allowed in respect of duty suffered on input services & said payment has nothing to do with registration of recipient of services: CESTAT

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April 26, 2024

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

April 26, 2024

I-T- Proceedings commenced subsequent to exercise of revisionary power u/s 263, are unsustainable, where the revisionary order itself came to be quashed: ITAT

April 25, 2024

IBC - Even if CIRP commences, Directors, who are incharge of affairs of Company cannot be absolved of any wilful default committed by borrower Company : HC

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SARFAESI Act - Writ petition can be disposed of as infructuous as one time settlement has been entered into between parties : HC

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