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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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Chennai, January 21, 2016 I-T - Whether onus to prove allowability of commission paid to agents lies on assessee even if assessee proves authenticity of payment by furnishing documents - YES: HC

Patna, January 21, 2016 Cus - Res judicata - Petitioner cannot be allowed to re-agitate same issue in different manner especially when seized goods have already been disposed of by auction sale & writ, appeal, SLP and review applications have been dismissed - Cost imposed: HC

Chennai, January 20, 2016 LCD/LED Monitors with brand name meant for sale to brand owners are eligible for MRP assessment: CESTAT

Mumbai, January 20, 2016 ST - BOB is not paying subscription but are paying towards actual quantum of services received from SWIFT - it is clear that transaction between Bank and SWIFT is purely a business transaction - services are clearly covered under BOFS & ST is payable: CESTAT

New Delhi, January 20, 2016 I-T - Whether disallowance of interest expenditure u/s 14A can be made on proportionate basis even if there is no fresh investment towards domestic companies - NO: ITAT

Mumbai, January 20, 2016 ST - SMS termination service - since there was no contract requiring a service receiver to make any payment, point of taxation is to be determined in terms of clause (a) of Rule 6 of POTR, 2011 - demand letters complied with substantive provisions of Rule 4A of STR and, therefore, are to be considered as invoices: CESTAT

Mumbai, January 20, 2016 CX - Rent charged to buyers for cylinders beyond free loan period & compensation received for lost cylinders are not includible in Transaction value of Industrial gases manufactured & cleared: CESTAT

New Delhi, January 19, 2016 To incentivise 'Make in India' Govt hikes rate of Basic Customs Duty & withdraws SAD exemption granted to certain medical devices

New Delhi, January 19, 2016 I-T - Whether contractual receipts received by an assessee being owner of a house property after deducting TDS as per maintenance agreement, can be treated as rental income in hands of assessee - NO: HC

Mumbai, January 19, 2016 ST - Board did not want to tax amounts recovered by an ISP for inter-connectivity services - Such a stated stand cannot be overlooked by adjudicating authority who is functioning under Board : CESTAT

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

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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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