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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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Chennai, October 23, 2018 I-T - If there is no crystallized and ascertained liability which has arisen and merely a claim is filed by contractor of assessee in arbitration proceedings, then provision created for contract loss can't be allowed: ITAT

Mumbai, October 23, 2018 ST - Activity for which consideration has been received has not been tested for conformity with legislative intent: CESTAT

Mumbai, October 22, 2018 CX/Cus/ST- Tax appeals are to be filed before bench allotted to district where dispute arose: HC

Jaipur, October 22, 2018 I-T - Wholesale dealers are not liable to TDS on commission directly made by mobile operators to retailers or sub-dealers as they are only intermediaries for accounting purpose: ITAT

Visakhapatnam, October 20, 2018 I-T - Mandatory interest on share capital payable to members of co-operative bank can be allowed as an expenditure incurred for carrying on business: ITAT

Ahmedabad, October 18, 2018 ST - Audit - Rule 5A of STR, 1994 not saved by s.174(2) of CGST Act, 2017 - CAG not to carry out any audit: HC

Mumbai, October 18, 2018 For computing annual value of property, S 23(1)(c) is to be applied in case where property is let out for 36 months, and thereafter remains vacant and not put under self occupation by owner: ITAT

Mumbai, October 17, 2018 ST - Once it is acknowledged that both taxable and exempted services is rendered from additional premises and reversal of proportionate CENVAT credit is sought, denial of credit on renting service is unsustainable: CESTAT

Jaipur, October 17, 2018 I-T - Limitation period for passing order u/s 201 is to be applied for considering reasonable time period for passing order u/s 206C as both sections have same scheme and objects: ITAT

Ahmedabad, October 16, 2018 I-T - Remedial provision like S 244A(1A) not to be applied retrospectively to grant relief to an aggrieved taxpayer for inordinate delay in granting refund: HC

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