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I-T- Denial of deduction u/s 80IC can create perception of genuine hardship, where claimant paid tax in excess of what was due; order denying deduction merits re-consideration: HC Israel launches missile attack on Iran EC holds Video-Conference with over 250 Observers of Phase 2 polls Germany disfavours Brazil’s proposal to tax super-rich I-T- If material found during search are not incriminating in nature AO can not made any addition u/s 153A in respect of unabated assessment: ITAT Govt appoints Dinesh Tripathi as New Navy Chief AFMS, IIT Kanpur to develop tech to address health problems of soldiers FBI sirens against Chinese hackers eyeing US infrastructure I-T - Interest earned on short term deposit out of borrowed funds during period prior to commencement of business, is totally foreign to business objects of assessee, and not eligible for set off: ITAT Kenya’s top military commanders perish in copter crash CBIC notifies Customs exchange rates w.e.f. April 19, 2024 Meta shares ‘Most Intelligent’ AI assistant built on Llama model ST - Service Tax paid in respect of export of services and cannot be subject to levy of Service Tax under Notfn 18/2009-ST, denial of exemption on procedural lapses cannot be sustained: CESTAT Dengue cases soaring in US - Close to ‘Emergency situation’: UN Agency Nexus between Election Manifesto and Budget 2024 in July!Half of China’s major cities sinking, reveals Study CX - The warranty service is eligible for credit though the same is provided after clearance of final products: CESTAT


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Mumbai, January 11, 2016 ST - Revenue cannot simply allege that activity of appellant is IPR service without specifying service - This is basic flaw in entire proceedings and shows complete lack of appreciation of statutory provisions: CESTAT

Mumbai, January 10, 2016 CX - Application for waiver of pre-deposit on the ground that factory is closed and FIs have taken over possession of all movable and immovable assets is dismissed as making of pre-deposit of 7.5% of duty is mandatory: CESTAT

New Delhi, January 10, 2016 Companies Act - Whether a Company Court, directly or through Liquidator, can wield any control over sale of secured asset by secured creditor in exercise of powers under SARFAESI Act - NO: SC

Mumbai, January 09, 2016 Overenthusiasm by Customs leads to harassment - When by general practice IGM was not filed for vessel when duty was Nil, proposition that duty may be levied after 14 years when B/E was 'got' filed would lead to an anachronistic situation - Demand set aside: CESTAT

Mumbai, January 09, 2016 CX - Lower authorities ignoring submission made by appellant - Castor oil compound being exempted by notfn. 3/2006, demand of duty on ground of undervaluation does not arise: CESTAT

Mumbai, January 08, 2016 Cus - In entire investigation, there is not a tip of evidence in support of DRI allegation that overvaluation of rough diamonds is for purpose of money laundering, remittance of money overseas to cover differential cost of other imports or to park money abroad for other unlawful activities: CESTAT

Mumbai, January 08, 2016 CX - Car manufacturer clearing cars for use by own officials - Rule 8 is not directly applicable & it would be more appropriate to determine value u/r 11 r/w Rule 4 and assessee has paid duty correctly by taking AV as was applicable for cars cleared to other customers: CESTAT

Chennai, January 08, 2016 I-T - Whether provisions of Sec 14A cannot be invoked, when investments made were in sister concerns, or after such investments those companies became sister concerns - YES: ITAT

Mumbai, January 08, 2016 Cus - Under garb of rectification it is not appropriate to interfere with order passed as same would amount to reviewing order - nonetheless, penalty cannot be imposed simultaneously on Proprietorship concern and Proprietor: CESTAT

Hyderabad, January 07, 2016 I-T - Whether mere fact that loan was obtained after completion of construction on lease rentals cannot be sole reason to come to conclusion that assessee has not incurred expenditure on acquisition of property - YES: ITAT

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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

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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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