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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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Mumbai, October 31, 2018 ST - Incorporated association and its members being one and same, activities undertaken or services provided by former will not be considered as a service : CESTAT

Ahmedabad, October 31, 2018 I-T - Approval from STPI without having same ratified by Board of approval is sufficient to claim deduction u/s 10B : ITAT

Mumbai, October 30, 2018 ST - Scientific/Technical consultancy service provided for development of drugs to overseas recipient is 'export of service' - refund admissible u/r 5 of CCR, 2004: CESTAT

Ahmedabad, October 30, 2018 I-T - If due to change in management part of outstanding loan is waived off, which was never claimed as deduction then provision of S 28 (iv) r.w.s. 41(i) cannot be applied to tax waived amount as revenue income : ITAT

Chennai, October 29, 2018 I-T - Power of revision u/s 263 is not contingent upon service of show cause notice to assessee: HC

Mumbai, October 29, 2018 I-T - When demand is under dispute and is subject to appellate proceedings, it cannot be enforced upon assessee: HC

Kolkata, October 29, 2018 I-T - Re-investment of capital gains in Commercial-cum-residential building is also eligible for deduction u/s 54F but only for residential portion: ITAT

Mumbai, October 29, 2018 CX - CSR activity can be considered as Input service since included within definition of 'activities relating to business': CESTAT

Mumbai, October 27, 2018 I-T - For computing capital gain on sale of property, period of holding is not to be taken from date of possession of flat but it starts when option is exercised for purchase of flat or from date of booking of flat : ITAT

Bangalore, October 26, 2018 I-T - When AO's findings clearly establish circuitous route adopted by assessee to manipulate price of penny stocks, assessee is not entitled to claim exemption u/s 10(38) for capital gains: ITAT

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

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

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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