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Israel-Iran War: A close shave for Global Economy but for how long?I-T - If income from stock-in-trade are held as investments, then provisions of section 14A would apply to such income: ITAT TRAI recommends on Infra Sharing, Spectrum Sharing & Spectrum Leasing I-T- Revisionary powers u/s 263 can't be exercised when AO has neither assumed facts incorrectly nor there is incorrect application of law : ITAT Technology Board okays funding of Dhruva Space's Solar Array Project I-T- Issue of interest is debatable issue on which two views are possible and AO accepted one of views for which PCIT cannot assume revisional jurisdiction: ITAT Health Secy visits Bilthoven Biologicals, discusses production of Polio Vaccine I-T - Estimation of profit element from purchases should be done reasonably if assessee could not conclusively prove that purchases made are from parties as claimed, in absence of confirmations from them: ITAT Study finds Coca-Cola accounts for 11% of branded plastic pollution worldwide I-T- Triplex flats purchased are interconnected and can be considered as 'a residential unit'' as per definition of section 54F of Act : ITAT Delhi HC says conspiracy against PM is a crime against State I-T- AO omitted to probe issue of cash payments made over specified limit; revisionary power u/s 263 is rightly exercised: ITAT Brazil makes new rules to streamline consumption taxes I-T-Power of revision unnecessarily exercised where AO had no scope to examine creditworthiness & genuineness of assessee's creditors: ITAT Biden signs rules mandating airlines to give automatic refunds for delayed or cancelled flights I-T-As per settled law, in absence of enabling powers, no disallowance can be made : ITAT BYD trying to redefine luxury for new EV variants GST - On the one hand, the order states registration is liable to be cancelled retrospectively and on the other hand mentions that there are no dues - Order modified: HC Israel finally moving ahead with Rafah Operations GST - Registration cancelled retrospectively on ground that physical verification revealed that the firm was non-existent - Petitioner had informed that they shifted business and had sought cancellation of registration - Order cancelling registration modified: HC Norway oil major boss says Europeans are not hard-working as compared to Americans GST - Since registration was cancelled, petitioner could not access portal and view the SCNs and file replies - Order set aside and matter remitted: HC Jio turns world’s top telco in terms of data traffic GST - Reply filed is a detailed one and if the proper officer was of the view that the same was unsatisfactory, he should have specifically sought further details - Matter is remitted: HC Gadkari faints during campaign; Heat takes toll on his health GST - SCN does not put petitioner to notice that the registration is liable to be cancelled retrospectively - Order set aside and registration restored: HC SC asks EC to submit more info on reliability of EVMs GST - Non-application of mind - Proper officer has merely observed that the reply filed is unclear and unsatisfactory and, therefore, the demand is confirmed - Matter remitted for re-adjudication: HC Italy imposes USD 10 mn fine on Amazon for unfair business practices Commercial Tax - Judgment of High Court is in jeopardy once appeal is entertained by Supreme Court - Appeals shall remain pending before the Appellate Board, Bench at Indore, till the issue is decided by Apex Court: HC US warns Pak of punitive sanctions against trade deal with Iran ST - As the job-work undertaken by appellant amounts to manufacture, service tax cannot be levied on them under both Heads 'Business Auxiliary Service' and 'Business Support Service': CESTAT Right to Sleep - A Legal lullaby CX - Existence of corroborative evidence is essential in order to establish clandestine removal of goods and same cannot be merely based on assumptions and presumptions: CESTAT


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Mumbai, January 26, 2016 Cus - Appellant taking a stand that 'cheese curd' is intermediate for manufacturing Mozzarella cheese & not 'food' and since there are no standards provided, question of failing quality test under FSS Act does not arise - Commissioner(A) order is not a speaking one - Matter remanded: CESTAT

New Delhi, January 25, 2016 Govt notifies Padma Awards 2016 to be conferred on 112 persons, including 10 Padma Vibhushan

Chennai, January 25, 2016 TNVAT- Whether clerical error and arithmetical error alone could fall within scope of rectification u/s 84 - No, says High Court

New Delhi, January 25, 2016 Customs - Appeal - When main order is not challenged and only Review Order is challenged, court not obliged to allow SLP: Supreme Court

Ahmedabad, January 25, 2016 I-T - Whether assessee-resulting company is entitled to pro rata adjustments of TDS, advance tax and MAT credits where demerged undertaking no more exists with effect from appointed day - YES: ITAT

Mumbai, January 25, 2016 CX - Claim of cum-duty benefit - New ground which applicant is seeking to raise for first time cannot be raised at stage of Tribunal as ground is not purely legal in nature - MA dismissed: CESTAT

New Delhi, January 24, 2016 President calls for innovative tax management system; CJI asks ITAT Members to become tech savvy

Mumbai, January 24, 2016 Cus - Seized foreign origin gas cylinders were loaded in truck & appellants as well as driver of truck had not been able to identify either consignor or consignee - appellants' involvement could not be denied - Penalty correctly imposed: HC

Kolkata, January 23, 2016 ST - Branch office in J&K from where no taxable service is provided was not required to be included in centralized registration - as no ST is to be discharged,then all capital goods installed have to be considered ineligible for taking credit - CENVAT Credit of Rs.42.20 Cr denied: CESTAT

Mumbai, January 23, 2016 ST - Indian Banks Association charging Member banks amounts towards subscription for organizing meetings, intervention in court cases & representing banking industry - services provided are not taxable under Club or Association Services: CESTAT

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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 25, 2024 | New Delhi

TRAI recommends on Infra Sharing, Spectrum Sharing & Spectrum Leasing

April 25, 2024 | New Delhi

Technology Board okays funding of Dhruva Space's Solar Array Project

April 25, 2024 | New Delhi

Health Secy visits Bilthoven Biologicals, discusses production of Polio Vaccine

April 24, 2024 | New Delhi

India takes part in 'Institutionalization of SMART Government for Improving Service Delivery' in London

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April 22, 2024

Requisite Checks for Appeals - Pre Deposit

April 16, 2024

Diversion of goods imported under Advance Licence to Open Market: Mens rea upheld

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VISION 360 -
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Regulatory Developments!'

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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