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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 Israel-Iran War: A close shave for Global Economy but for how long?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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New Delhi, September 20, 2015 ST - Real Estate Agency - AA agreed that cost of land cannot be included in gross value, yet he proceeded to confirm ST on entire sum received - balance of convenience is in favour of Appellant - Pre-deposit ordered of 5% of profit earned: HC

New Delhi, September 19, 2015 ST - Refund - Legal consultancy services are indispensable for any business to satisfy proper compliance of laws & hence are input services - Design services for getting Coffee mugs printed with logo cannot be input service: CESTAT

New Delhi, September 19, 2015 CX - CENVAT Credit cannot be denied even in absence of registration of Head Office as ISD - Appeal allowed: CESTAT

Mumbai, September 18, 2015 CX - Revenue is not denying credit taken - All that Revenue is asking is to pay difference between CENVAT credit taken at time of importation minus duty paid at time of clearance of such inputs since activity of re-packing does not amount to manufacture: CESTAT

New Delhi, September 18, 2015 Income tax - Whether especially-designed ponds for rearing prawns are to be construed as 'Plant' within Sec 32 - YES: Supreme Court

Chennai, September 18, 2015 Cus - Status Holder Incentive Scrip - Exemption under Notification 104/2009 is not admissible for import of accessories for Steam Turbine Generator set: CESTAT

Mumbai, September 18, 2015 CX - Luxury Pillows sold @Rs.10 though similar goods sold @Rs 162 per piece - Invoice nowhere indicates that pillows sold were old & damaged - No records produced to justify that pillows manufactured in 1994 were lying with appellant till 1999: CESTAT

Jodhpur, September 17, 2015 Non-bailable offence u/s 104(6) of Customs Act, 1962 - Duty limit of Rs 50 lakhs and value limit of Rs one crore - Multiple incidents of smuggling can be clubbed - Bail rejected: High Court

Mumbai, September 17, 2015 I-T - Whether fact that availability of REC bonds was only for limited period can prejudice assessee's right to exercise same upto last date even as bonds were not available during the said period - NO: HC

Mumbai, September 17, 2015 ST - Carpentry work involving different types of furniture items, modular partitions, fixation of false ceiling, painting of walls and ceilings cannot be classified under Interior decorator services: CESTAT

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