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IMF projects India’s growth for 2025 to be 6.8%Delhi Police nabs woman for thieving luxury SUVs Mega inferno burns down 17th century Copenhagen building CBDT inked 125 APAs last fiscal 7, including 3 women & a child, killed in road accident in Patna ECI states position on enforcement of MCC during first month UK to criminalise creation of sexually explicit deep fakes Chinese economy spikes by 5.3% in first quarter Indian Coast Guard rescues stranded fishing boat off Karwar UPSC releases results of Civil Services 2023; Aditya Srivastava tops the list India’s exports marginally dips into minus in March month Diversion of goods imported under Advance Licence to Open Market: Mens rea upheld Seasonal rainfall likely to be 106 % of Long Period Average: IMD Workshop held for Eco-friendly Measures for Holistic National Highway Development What was Biden’s income in 2023? - ITR shows USD 6.2 lakh I-T - Act & Rules thereto provide a method for service of notices & orders; communication of notices before any action is taken, is mandatory: HC Mumbai Police nabs two shooters involved at random firing at Salman’s house I-T- Assessee cannot be expected to be logged in to I-T portal at all times, so as to be notified of actions taken by Department: HC IRS fears spurt in crypto tax evasion cases I-T - Expenses written off is only allowable if assessee offers said amount as income in previous years: HC Breast cancer to kill over 10 lakh women by 2040: Lancet Report Samsung gets USD 6.4 bn in subsidy for Texas chip production India to resume FTA talks with EU next month


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New Delhi, November 25, 2015 VAT - There is difference between exempted goods, i.e., goods on which no Value Added Tax is payable and are, therefore, not taxable and other cases where particular transaction, when it satisfies specific condition, is not taxable - Input Tax Credit correctly allowed : SC

Mumbai, November 25, 2015 ST - Even if it is considered that procedure stipulated in rule 6(4A) of STR, 1994 was not strictly adhered to, at most it was procedural lapse - adjustment is very appropriate and favourable to Revenue as compared to refund: CESTAT

New Delhi, November 24, 2015 Cus - s.153 - Legislature has done away with service on agent completely - notices need to be served on person for whom they are intended - SCN u/s 110(2) served on CHA does not meet rigor of law - seized goods to be returned: HC

Hyderabad, November 24, 2015 I-T - Whether, for purpose of completing assessments u/s 153C, AO can take into account materials other than what were found during search operation - NO: ITAT

Mumbai, November 24, 2015 CX - Merely because penalty has been notionally imposed does not mean that Tribunal's conclusion of applicability of revenue neutrality, is perverse - penalty is for infraction of some procedural rule & this has no bearing on main issue: HC

Mumbai, November 24, 2015 Cus - Under an agreement, royalty payment shall remain due and payable to licensor commencing on production of 140000 licensed vehicle - when Agreement terminated after production of 51000 vehicles, we fail to understand how royalty would be payable in terms of Agreement: CESTAT

New Delhi, November 23, 2015 COFEPOSA - Detention - Facility of legal practitioner to be allowed to detenue - Detention Quashed - Procedure has to be followed for even habitual offender: Supreme Court

Mumbai, November 23, 2015 ST - Appellant is reputed Education Institute, therefore, there cannot be malafide intention for reason that there is no individual who can be benefitted by taking wrong CENVAT credit - case made out for waiver of penalty u/s 76: CESTAT

New Delhi, November 23, 2015 I-T - Whether if assessee makes cheque payment to one 'M' who in turn pays in cash to buy land in his name, it warrants protective addition for investment in land from undisclosed income - NO: ITAT

New Delhi, November 23, 2015 CX - SSI exemption - Seizure of cables bearing brand name 'Deelux Premium' - no supportive evidence that all cables manufactured by appellant during Feb 2006 to July 2010 are with brand name of another person - Duty confirmed: 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 16, 2024 | New Delhi

CBDT inks 125 APAs last fiscal

April 16, 2024 | New Delhi

ECI states position on enforcement of MCC during first month

April 16, 2024 | New Delhi

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April 16, 2024

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

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Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

April 16, 2024

TP - Not adopting mandatorily prescribed methods to determine ALP in respect of fees of technical services payable by Assessee to its AE, make entire Transfer pricing Agreement unsustainable: ITAT

April 16, 2024

TP - If any third party rate is not considered for particular date of contract due to non availability of data, would not enable TPO to reject method adopted by assessee: ITAT

April 16, 2024

Companies Act - ROC's decision of rejecting application for conversion is not contrary to legislative intent of Section 18 : HC

April 16, 2024

PMLA - If criminal case against person is quashed then there can be no offence of money laundering against him : HC

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