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World Energy Congress 2024: IREDA CMD highlights need for Innovative Financing Solutions Voter turnout surpasses 50% by 4 PM in Phase 2 polls ST - Amendment made to FA, 1994 on 14.05.2015 making service tax applicable retrospectively on chit-fund business is only prospective - Refund payable of tax paid between 01.07.2012 to 13.05.2015: HC XI tells Blinken - China, US ought to be partners, not rivals ST - SVLDRS, 2019 - Amnesty Scheme, being of the nature of an exemption from the requirement to pay the actual tax due to the government, have to be considered strictly in favour of the revenue: HC CX - Issue involved is valuation of goods u/r 10A of CE Valuation Rules, 2000 - Appeal lies before Supreme Court: HC Cus - Smuggling - A person carrying any article on his belonging would be presumed to be aware of the contents of the articles being carried by him: HC Cus - Penalty that could be imposed for smuggling 3.2 kg of gold was Rs.88.40 lakhs, being the value of gold, but what is imposed is Rs.10 lakhs - Penalty not at all disproportionate: HC Cus - Keeping in mind the balance of convenience and irreparable injury which may be caused to Revenue, importer to continue indemnity bond of 115 crore and possession of confiscated diamonds to remain with department: HC Cus - OIA was passed in October 2022 remanding the matter to adjudicating authority but matter not yet disposed of - Six weeks' time granted to dispose proceedings: HC 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 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 NY top court quashes conviction of Harvey Weinstein in rape case


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New Delhi, December 20, 2015 Year 2015 witnessed DRI launching successful cross-border operations with dozens of Customs administrations

New Delhi, December 20, 2015 US GAO moots better deal for tax whistleblowers

New Delhi, December 19, 2015 Steps taken to broaden indirect tax base working well for Exchequer

Chandigarh, December 19, 2015 SCN issued for recovery of ST amounting to Rs.16,53,38,730/- & appropriation of sum already deposited under VCES, 2013 - Commr. to decide on VCES-3 within one month - Petitioner to file reply to SCN: HC

Chennai, December 18, 2015 Removal of goods seized by DRI from CFS with forged documents - Suspension of CFS under Regulation 11(2) - An order could be passed without pre-decisional hearing - No violation of principles of natural justice - No error in order of Tribunal upholding suspension: High Court

Mumbai, December 18, 2015 ST - Input services which have been used for providing output service of Renting of Immoveable Property are cenvatable prior to 01.04.2011 when words 'setting up' were deleted from definition of 'Input service': CESTAT

New Delhi, December 18, 2015 I-T - Whether once prosecution proceedings are initiated, there is no provision in CPC wherein proceedings can be stayed by Magistrate suo moto or on application filed by accused - YES: HC

New Delhi, December 18, 2015 Anti-dumping duty on MDF - Appellant did not file any information as required in questionnaire before Authority to demonstrate that it was an importer of article under investigation - such failure is fatal and hence appellant cannot be treated as interested party: CESTAT

New Delhi, December 17, 2015 Whether bail can be rejected to a person accused of committing offence punishable u/s 4 of Prevention of Money Laundering Act, although bail application would have been considered under provisions of Code of Criminal Procedure - YES: SC

Mumbai, December 17, 2015 ST - If one receives a service from a person and also provides a service to same person, ST is payable on both transactions independently - They cannot set off value of service provided against value of service availed to arrive at assessable value: 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

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April 26, 2024

Trade Mark Act - Marks are visually phonetically and deceptively similar to Plaintiffs' trademarks : HC

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