News Update

 
Page 383
New Delhi, December 09, 2015
Competition Law - Whether increase in office rentals of airlines on IGI airport for fresh term of agreement by DIAL is abuse of dominant position, when it is done in rationalised manner keeping the licence fee uniform for all member airlines - NO: CCI
 
New Delhi, December 09, 2015
CX - whether interest is leviable on differential duty amount paid under supplementary invoices due to price increase SKF doubted - Matter referred to LB: SC
 
Mumbai, December 09, 2015
I-T - Whether, for purpose of quantifying interest expenditure to be disallowed under Rule 8D, bank & other financial charges are to be excluded - YES: ITAT
 
New Delhi, December 09, 2015
Banking and Other Financial services - Since appellant is not banking company nor financial institution, service of Hire Purchase provided prior to 16.08.2002 is not taxable: CESTAT
 
New Delhi, December 09, 2015
Cus - API supari, Chikni supari, Unflavored & Flavored supari are preparations classifiable in Chapter 21 and not Chapter 8 - Application allowed: AAR
 
New Delhi, December 08, 2015
IPRs - Whether editorial comments or case head notes developed by skilled professionals qualify as 'literary works' and therefore entitled to copyright protection - YES: HC
 
New Delhi, December 08, 2015
I-T - Whether interest earned on FDRs qualifies for deduction u/s 10B, in case such FDRs including accrued interest are under lien with a commercial bank for facilitating letter of credit and BG facilities - YES: HC
 
Chandigarh, December 08, 2015
CX - Concealment made of earlier petition filed - Petitioner not approaching Court with clean hands is not entitled for any relief - Petition dismissed: High Court
 
Mumbai, December 08, 2015
ST - Appellant is required to surrender amounts collected in forex to M/s Thomas Cook who in turn would pay appellant, amount equivalent and incentive in INR, as per agreement - activity covered under BAS: CESTAT
 
Mumbai, December 08, 2015
CX - Appellant has not produced any independent evidence whatsoever to support that H.R. trimmings covered by invoices were received by them except copy of invoices - fraud played on exchequer - Demand confirmed : CESTAT
 
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