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Jio turns world’s top telco in terms of data traffic India takes part in 'Institutionalization of SMART Government for Improving Service Delivery' in London Gadkari faints during campaign; Heat takes toll on his health 'Sunflowers were the first ones to know' - film by FTII student selected at Cannes SARFAESI Act - Award of interest on auction money at rate applicable to fixed deposits is not a correct view and rate of interest deserves to be enhanced: SC (See 'TIOLCorplaws')ST - Chit Funds - Tax was not paid under mistake of law but upon demand by tax authorities - Refund not having been filed within time was rightly rejected: HC SC asks EC to submit more info on reliability of EVMs GST - Without considering reply on merits, proper officer has held that reply is unsatisfactory and, therefore, he is left with no alternative but to create demand - Order set aside: HC GST - Cancellation of registration retrospectively - Show Cause Notice and the impugned order are bereft of any details, accordingly the same cannot be sustained: HC GST - Registration could not have been cancelled retrospectively for the period for which returns were filed and taxpayer was compliant: HC GST - Notfn 11/2017-CTR amended by 03/2022 - Work contracts executed before 18 July 2022 - Petitioners should file refund claims before respondent agitating grievance and same be examined and orders passed within 4 months: HC Italy imposes USD 10 mn fine on Amazon for unfair business practices GST - Entire tax liability has been realised by appropriating the amount from the petitioner's bank account, therefore, Revenue interest stands fully secured - Since tax proposal was confirmed without participation of petitioner, order set aside and matter remanded: HC Caste Census is my mission, says Rahul Right to Sleep - A Legal lullaby US warns Pak of punitive sanctions against trade deal with Iran I-T- Income surrendered before approaching Settlement Commission not covered u/s 115BBE, where this provision did not exist during relevant AYs: HC Chinese companies decry anti-subsidy probe by EU I-T- Entire interest expenditure is allowable as deduction if loan funds is not diverted for non-income earning activities/personal purposes : ITAT UK to send military aid package worth USD 619 mn to Ukraine US regulator bans non-compete agreements by employees Air India, Nippon Airways join hands for travel between India and Japan SC grills Baba Ramdev & Balkrishna in misleading ad case


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Mumbai, August 27, 2015 CX - While arriving at AV for RSP, an amount of abatement specified by notification can only be deducted - there is no provision under law to exclude warranty charges from RSP: CESTAT

New Delhi, August 26, 2015 CX - Classification - Vaseline Intensive Care Heel Guard is medicament: SC

New Delhi, August 26, 2015 Central Excise - Valuation - Cash Discount has to be taken into account in arriving at 'price' even under Section 4 as amended in 2000: Supreme Court

Bangalore, August 26, 2015 Customs - Interest on delayed refund - High Court condemns high-handedness of department - holds interest is payable after expiry of three months from date of claim - Awards additional interest of 9% on interest

Allahabad, August 26, 2015 I-T - Relief for UP Chief Minister's wife - Whether genuinity of loan transaction can be doubted merely on ground of its acceptance in cash, when cash is duly reflected in books and routed through banking channel - NO, rules High Court

Ranchi, August 26, 2015 ST - Litigants should not suffer due to fault of their Advocate - Appeal should have been decided on merits and not on mere technicalities - Delay of 536 days in filing appeal condoned: High Court

Allahabad, August 25, 2015 CX - Provisional Assessment - Rule 7 of CER, 2002 - Interest is leviable even where differential duty was paid prior to finalisation of assessment - Bombay HC decisions in CEAT & Ispat Industries disagreed: Allahabad HC

Chennai, August 25, 2015 Demand of duty on Fly Ash post 01.03.2011 - Generation of Fly Ash involves no manufacturing process - High Court quashes demand at SCN stage

New Delhi, August 25, 2015 CX - S.9/9AA - Demand of duty set aside by CESTAT - Quashing of FIR sought - since petitioners have alternate remedy to seek discharge from trial court, High Court not inclined to exercise its inherent jurisdiction u/s 482 of CrPC: HC

Bangalore, August 25, 2015 I-T - Whether, to prove point that land was used for agricultural purposes, assessee is required to furnish some accounts of expenses incurred for sowing crops and also revenue generated by selling agri produce - YES: HC

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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.

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Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

April 24, 2024

TP - Arm's length computation of corporate guarantees issued by assessee in favour of its AEs abroad taken at 1% which has been approved for earlier A.Ys, cannot be disturbed in absence of contrary: ITAT

April 24, 2024

I-T- DTAA does not get triggered at all when a domestic company pays DDT u/s 115-O of the Act : ITAT

April 24, 2024

PMLA - Considering money trail and involvement of applicant in crime he is not entitled for anticipatory bail : HC

April 24, 2024

Competition Act - Informant has neither referred to any particular agreement nor provided any document which suggest existence of anti-competitive agreement : CCI

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