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Jio turns world’s top telco in terms of data traffic India takes part in 'Institutionalization of SMART Government for Improving Service Delivery' in London Gadkari faints during campaign; Heat takes toll on his health 'Sunflowers were the first ones to know' - film by FTII student selected at Cannes SARFAESI Act - Award of interest on auction money at rate applicable to fixed deposits is not a correct view and rate of interest deserves to be enhanced: SC (See 'TIOLCorplaws')ST - Chit Funds - Tax was not paid under mistake of law but upon demand by tax authorities - Refund not having been filed within time was rightly rejected: HC SC asks EC to submit more info on reliability of EVMs GST - Without considering reply on merits, proper officer has held that reply is unsatisfactory and, therefore, he is left with no alternative but to create demand - Order set aside: HC GST - Cancellation of registration retrospectively - Show Cause Notice and the impugned order are bereft of any details, accordingly the same cannot be sustained: HC GST - Registration could not have been cancelled retrospectively for the period for which returns were filed and taxpayer was compliant: HC GST - Notfn 11/2017-CTR amended by 03/2022 - Work contracts executed before 18 July 2022 - Petitioners should file refund claims before respondent agitating grievance and same be examined and orders passed within 4 months: HC Italy imposes USD 10 mn fine on Amazon for unfair business practices GST - Entire tax liability has been realised by appropriating the amount from the petitioner's bank account, therefore, Revenue interest stands fully secured - Since tax proposal was confirmed without participation of petitioner, order set aside and matter remanded: HC Caste Census is my mission, says Rahul Right to Sleep - A Legal lullaby US warns Pak of punitive sanctions against trade deal with Iran I-T- Income surrendered before approaching Settlement Commission not covered u/s 115BBE, where this provision did not exist during relevant AYs: HC Chinese companies decry anti-subsidy probe by EU I-T- Entire interest expenditure is allowable as deduction if loan funds is not diverted for non-income earning activities/personal purposes : ITAT UK to send military aid package worth USD 619 mn to Ukraine US regulator bans non-compete agreements by employees Air India, Nippon Airways join hands for travel between India and Japan SC grills Baba Ramdev & Balkrishna in misleading ad case


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Mumbai, January 29, 2016 I-T - Whether when income as well as expenditure incurred by assessee are governed by specific provision which have an overriding effect, in that case it is still open for AO to invoke other provisions to make disallowance - NO: ITAT

Bangalore, January 29, 2016 VAT - Whether relevance placed on Central Excise notification could be considered as basis to conclude that Rubber Process Oil could be classified as a petroleum product falling under 'Tar and others' - NO: HC

Mumbai, January 28, 2016 I-T - Whether mere purchase of BMW car in name of trustee can be considered as sufficient ground for cancellation of registration u/s 12AA(3) - NO: ITAT

Chennai, January 28, 2016 VAT - Department collects data from Customs and passes Order relying on data - Relied upon documents not furnished to Dealer - Principles of Natural Justice not followed - Order set aside and matter remanded: HC

Mumbai, January 28, 2016 ST - In garb of Rule 6 of CCR, 2004 provisions of s.93 cannot be overridden and/or exemption provided under s.93 cannot be negated by CCR, which is a delegated legislation and subservient to main Act: CESTAT

Mumbai, January 28, 2016 CX - There is nothing on record to show that impure dowthermdiphyl; old and damaged PTA scrap, wash water - 50% concentration of lactum, old and used sludge oil; old and used all types of oil, spin finish oil and old assorted bearings are manufactured products - No CE duty liability arises thereon: CESTAT

New Delhi, January 27, 2016 I-T - Whether during pendency of suit against enhancement of licence fee, assessee�s claim of payment towards licence fee and interest on arrears of licence fee is an ascertained liability - YES: HC

Chennai, January 27, 2016 Customs - Sec 113(d) is applicable for goods already exported - Consequential penalty u/s 114 is upheld - Order of CESTAT holding contrary is erroneous and is set aside: HC

Mumbai, January 27, 2016 ST - Appellant rendering intermediary service to Postal department - If ST is paid, same shall be available as Cenvat credit and to that extent net liability of ST shall stand reduced while paying ST by postal department - Therefore, it is an exercise of revenue neutrality & for this reason demand does not exist: CESTAT

New York, January 26, 2016 El Ni�o threatens 60 mm people in high-risk developing countries: WHO

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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.

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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 24, 2024

TP - Arm's length computation of corporate guarantees issued by assessee in favour of its AEs abroad taken at 1% which has been approved for earlier A.Ys, cannot be disturbed in absence of contrary: ITAT

April 24, 2024

I-T- DTAA does not get triggered at all when a domestic company pays DDT u/s 115-O of the Act : ITAT

April 24, 2024

PMLA - Considering money trail and involvement of applicant in crime he is not entitled for anticipatory bail : HC

April 24, 2024

Competition Act - Informant has neither referred to any particular agreement nor provided any document which suggest existence of anti-competitive agreement : CCI

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