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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, September 17, 2015 Cus - Role of appellants in smuggling of diamonds under seizure is not established even on preponderance of probability, therefore, penalties set aside: CESTAT

Chennai, September 16, 2015 As every assessee would like, appellant is not interested in resolving conflict between rules and statute, but interested only in getting their money back - High Court allows refund of duty paid on goods returned

Mumbai, September 16, 2015 ST - Revenue cannot invoke extended period of limitation when records of assessee were audited by officers once but no short payment was noticed: CESTAT

Mumbai, September 16, 2015 CX - Valuation - Post 01.07.2000 refinery has to discharge Excise Duty on transaction value which is collected from Oil Marketing Company by issuing commercial invoices: CESTAT Larger Bench

New Delhi, September 16, 2015 I-T - Whether anonymous donations received by religious trust would fall within scope of Sec 115BBC and to be added to its income if activity of Trust is spiritual and not religious - NO: High Court

Mumbai, September 16, 2015 CX - Respondent selling confectionery to bottlers of Coca Cola - agreement mandated that they advertise and promote respondent's products - this requirement is to be treated as additional consideration: CESTAT

Mumbai, September 16, 2015 Cus - Tax cannot be levied by acquiescence or agreement- Appellant not being importer, as also goods having been transshipped/re-exported, duty liability could not be fastened upon Appellant: CESTAT by Majority

Mumbai, September 15, 2015 ST - Appellant collecting amounts for rendering aerobics and yoga classes - services are correctly classifiable under Health and Fitness centre services and chargeable to ST - Appeal rejected: CESTAT

Mumbai, September 15, 2015 ST - Ownership of Property & providing of taxable renting of immovable Property service by four appellants in this case is in individual capacity and, therefore, their tax liability has been correctly determined by considering their individual rental receipts and not collective one: CESTAT

New Delhi, September 15, 2015 I-T - Whether where actual transfer of share in favour of transferee is done only at time of registration, period for which such shares were held till date of transfer is required to be considered for determining nature of capital gains arising on such transfer - YES: HC

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