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Air India, Nippon Airways join hands for travel between India and Japan 10 killed as two Malaysian Military copters crash GST - s.107(11) - There is no fetter on the powers of the appellate authority to modify the order passed u/s 130(2) by the adjudicating authority: HC SC grills Baba Ramdev & Balkrishna in misleading ad case CBDT amends jurisdiction of Pr CCITs in many cities GST - Statutory mandate of sub-section (4) of Section 75 is that a personal hearing should be provided either, if requested for, or if an order adverse to the taxpayer is proposed to be issued: HC CCI invites proposal for launching Market Study on AI and Competition GST - Documents with regard to service of notice could not be located; that impugned orders came be to be passed without an opportunity being granted to Petitioner to submit documents and being heard - Matter remanded: HC India initiates anti-dumping duty probe against import of Telescopic Channel drawer slider from China AFMS, Delhi IIT ink MoU for collaborative research & training CX - The activity of waste water treatment is part of manufacturing activity and any activity which is directly or indirectly in relation to manufacture would be eligible for credit: CESTAT DoP&T notifies fixation of Himachal IPS cadre strength and amendment in pay rules India, Cambodia ink MoU for HRD in Civil Service Bengaluru Airport Customs seizes 10 yellow anacondas from check-in baggage ST - Appellant has collected some service tax from service recipient, which has been deposited with Department, same shall not be refunded to appellant: CESTAT Delhi daily air traffic goes beyond 4.7 lakh pax Govt organizing National Colloquium on Grassroots Governance 2 Telangana students killed in road accident in US I-T- Addl. Commr. or above ranking officer to probe how I-T portal reflected demand being raised against assessee, despite Revenue not having issued any notice or passed any order against assessee: HC Another tremor of 6.3 magnitude visits Taiwan; shakes tall buildings I-T- Donations given out of accumulated funds u/s 11(2) are not allowable as application of income for charitable or religious purposes and the same shall be deemed to be income of assessee : ITAT You are arrogant Mr Musk, says Australian PM over Sydney stabbing video ban United Health reports theft of huge Americans’ data I-T - Travelling conveyance expenses should be disallowed to extent of bills which were not verifiable and have no nexus with business of assessee: ITAT Earth Day: Biden announces USD 7 bn grant for rooftop solar panels OECD to release annual report on Tax Inspectors without Borders on April 29 EU introduces easy Schengen Visa rules for Indians I-T- Leasehold rights in land are not within purview of section 50C of Act : ITAT


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Bangalore, September 23, 2015 I-T - Whether loan taken at higher rate of interest from sister concern can be allowed even if residential project for which such loan was taken has not been sanctioned by competent authorities - NO: HC

New Delhi, September 23, 2015 Cus - NCCF/KB purchase goods from appellant in bulk for effecting sale to ultimate consumers and do not fall into category of institutional consumers - MRP required to be affixed - Appellant to pay differential duty: CESTAT

Allahabad, September 23, 2015 CX - MODVAT - 'Synthetic Filter Cloth' and 'Asbestos Mill Board' cannot be treated as 'inputs' as both items were part and parcel of machine & plant used for processing of goods and were excluded under Explanation to Rule 57A: HC

New Delhi, September 22, 2015 Wealth tax - Whether compensation amount fixed under Urban Ceiling Act for excess vacant land can be expected to have depressing effect on estimated market value of asset for purpose of wealth tax assessment - YES: SC

Chennai, September 22, 2015 Ban on export of Shark Fins - Madras High Court dismisses Writ Petition challenging ban imposed vide Notification No.110 (RE-2013)/2009-2014 dated 6.2.2015 by DGFT

Mumbai, September 22, 2015 ST - A debit entry will have a corresponding credit entry and existence of such entry w.r.t royalty on vehicles manufactured by appellant during particular month, without an entry in supplier's ledger, suffices for it to be included in value of taxable service and liable to be taxed by fifth of following month: CESTAT

New Delhi, September 22, 2015 Cus - Order of provisional release passed by Commissioner u/s 110A of Customs Act, 1962 - whether appeal u/s 129A is maintainable before Tribunal - Matter referred to 5-Member Larger Bench

New Delhi, September 22, 2015 I-T - Whether amount payable by assessee u/s 140A, over and above shortfall arising after credit for TDS payment and advance tax, can be considered as tax before processing of return u/s 143(1) - NO: ITAT

Kochi, September 21, 2015 I-T - Whether papers found during search can be considered as incriminating material to initiate proceedings u/s 153C even if assessment has attained finality before AO records satisfaction - NO: ITAT Third Member

Chennai, September 21, 2015 Credit availed on inputs cleared to job worker and credit also availed on processed goods returned by job worker on payment of duty - No double benefit: High Court

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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 23, 2024 | New Delhi

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April 16, 2024

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April 23, 2024

TP- AO does not have the jurisdiction to propose any transfer pricing adjustment in case where he has not made any reference to the TPO: ITAT

April 23, 2024

TP - Adjustment made to interest rate by treating Letter of Credit as bank guarantee cannot be accepted: ITAT

April 23, 2024

PMLA - Applicant is not entitled for grant of anticipatory bail u/s 45 of PMLA as Court does not find any reasonable ground to believe that applicant is not guilty of crime : HC

April 23, 2024

SARFAESI Act - Petition has been filed to overreach recovery proceedings, wherein Petitioners have been found to be liable to pay certain amount so as to circumvent provisions of statutory appeal : HC

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