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IndiGo orders 30 Airbus A350s for long hauls Filing of Form 10A & 10AB: CBDT extends due date to June 30 RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimes CPGRAMS recognized as best practice in Commonwealth Secretaries of public service Israel-Iran War: A close shave for Global Economy but for how long?KABIL, CSIR ink MoU for Advancing Geophysical Investigations I-T - If income from stock-in-trade are held as investments, then provisions of section 14A would apply to such income: ITAT TRAI recommends on Infra Sharing, Spectrum Sharing & Spectrum Leasing I-T- Revisionary powers u/s 263 can't be exercised when AO has neither assumed facts incorrectly nor there is incorrect application of law : ITAT Technology Board okays funding of Dhruva Space's Solar Array Project I-T- Issue of interest is debatable issue on which two views are possible and AO accepted one of views for which PCIT cannot assume revisional jurisdiction: ITAT Health Secy visits Bilthoven Biologicals, discusses production of Polio Vaccine I-T - Estimation of profit element from purchases should be done reasonably if assessee could not conclusively prove that purchases made are from parties as claimed, in absence of confirmations from them: ITAT Study finds Coca-Cola accounts for 11% of branded plastic pollution worldwide I-T- Triplex flats purchased are interconnected and can be considered as 'a residential unit'' as per definition of section 54F of Act : ITAT Delhi HC says conspiracy against PM is a crime against State I-T- AO omitted to probe issue of cash payments made over specified limit; revisionary power u/s 263 is rightly exercised: ITAT Brazil makes new rules to streamline consumption taxes I-T-Power of revision unnecessarily exercised where AO had no scope to examine creditworthiness & genuineness of assessee's creditors: ITAT Biden signs rules mandating airlines to give automatic refunds for delayed or cancelled flights I-T-As per settled law, in absence of enabling powers, no disallowance can be made : ITAT BYD trying to redefine luxury for new EV variants GST - On the one hand, the order states registration is liable to be cancelled retrospectively and on the other hand mentions that there are no dues - Order modified: HC SC asks EC to submit more info on reliability of EVMs Right to Sleep - A Legal lullaby


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Mumbai, October 26, 2018 ST - Not much difference between pre and post-amended definition of 'exempted services' - explanation is only clarificatory: CESTAT

Mumbai, October 26, 2018 Cus - No machinery provisions exist to alter RSP declared by importer: CESTAT

Visakhapatnam, October 26, 2018 I-T - One time licence fee paid for setting up of retail outlet, before commencement of business, is to be capitalized; it is not revenue expenditure: ITAT

Ahmedabad, October 25, 2018 GST - Capital goods in transit - Section 140(5) of CGST Act does not violate Article 14 or 19(1)(g) of Constitution - It cannot be seen as taking away an existing right: HC

New Delhi, October 25, 2018 I-T - Initiating re-assessment proceedings against a company which already stands dissolved by virtue of High Court order is invalid: ITAT

Mumbai, October 25, 2018 ST - Arrangement of transportation was only to facilitate delivery of excisable goods at buyer's premises - no service rendered under Business Support Service: CESTAT

Chennai, October 24, 2018 I-T - Assessment can be reopened even for second time on basis of tangible materials brought on record: HC

Mumbai, October 24, 2018 ST - Although Tribunal is undoubtedly entitled to remand a matter, same cannot be at its whim and fancy or mere ispi dixit but a conclusion based on reasons: HC

Jaipur, October 24, 2018 I-T - When assessee is in real estate business, interest paid on capital borrowed for purchase of land is to be allowed as business expenditure: ITAT

Guwahati, October 23, 2018 ST - SCDNs issued u/s 73 of FA, 1994 for recovery of Service Tax and pending adjudication are saved by 174(2)(e) of the CGST Act, 2017: HC

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