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World Energy Congress 2024: IREDA CMD highlights need for Innovative Financing Solutions Voter turnout surpasses 50% by 4 PM in Phase 2 polls ST - Amendment made to FA, 1994 on 14.05.2015 making service tax applicable retrospectively on chit-fund business is only prospective - Refund payable of tax paid between 01.07.2012 to 13.05.2015: HC XI tells Blinken - China, US ought to be partners, not rivals ST - SVLDRS, 2019 - Amnesty Scheme, being of the nature of an exemption from the requirement to pay the actual tax due to the government, have to be considered strictly in favour of the revenue: HC CX - Issue involved is valuation of goods u/r 10A of CE Valuation Rules, 2000 - Appeal lies before Supreme Court: HC Cus - Smuggling - A person carrying any article on his belonging would be presumed to be aware of the contents of the articles being carried by him: HC Cus - Penalty that could be imposed for smuggling 3.2 kg of gold was Rs.88.40 lakhs, being the value of gold, but what is imposed is Rs.10 lakhs - Penalty not at all disproportionate: HC Cus - Keeping in mind the balance of convenience and irreparable injury which may be caused to Revenue, importer to continue indemnity bond of 115 crore and possession of confiscated diamonds to remain with department: HC Cus - OIA was passed in October 2022 remanding the matter to adjudicating authority but matter not yet disposed of - Six weeks' time granted to dispose proceedings: HC I-T - High Court need not intervene in matter involving factual issues; petitioner may utilise option of appeal: HC China asks Blinken to select between cooperation or confrontation I-T - Unexplained cash credit - additions u/s 68 unsustainable where based on conjecture & surmise alone: ITAT Honda to set up USD 11 bn EV plant in Canada Imran Khan banned from flaying State Institutions I-T - Income from sale of flats cannot be computed in assessee's hands, where legal possession of flats had not been handed over to buyers in that particular AY: ITAT Pro-Palestine demonstration spreads across US universities; 100 arrested I-T - Investment activities in venture capital which are not covered in negative list under Schedule III to SEBI Regulations, qualifies for deduction u/s 10(23FB): ITAT NATO asks China to stop backing Russia if keen to forge close ties with West NY top court quashes conviction of Harvey Weinstein in rape case


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Mumbai, August 17, 2015 ST - As per compromise scheme factory given under leave & licence - ST demand on salary of employees received from FACOR not sustainable as appellant did not function as a commercial concern engaged in supply of manpower : CESTAT

Mumbai, August 16, 2015 COFEPOSA Act - Undue delay in passing detention order under Sec 3(1) - Explanation for delay is not a satisfactory one - Authorities cannot play with liberty of a citizen in casual manner - Detention order set aside: High Court

New Delhi, August 15, 2015 I-T - Whether when assessee is liable to pay advance tax but has failed to pay tax or paid less than 90% of assessed tax, assessee becomes liable to pay simple interest at rate of 1% every month or part of month - YES: Supreme Court

New Delhi, August 15, 2015 Drive against Black Money to continue; Foreign Assets worth Rs 6500 Cr declared under 'Compliance Window' so far: PM

Bangalore, August 14, 2015 I-T - Whether Sec 54F benefit is available to assessee when construction work though has started but is not yet complete in all respects within stipulated period - YES: ITAT

Mumbai, August 14, 2015 ST - Mere reading of invoices and challans by appellant (octroi agent) for purpose of filling up form and obtaining clearance at check post does not amount to 'dealing with or handling documents of title' - demand under BAS not sustainable - Appeal allowed: CESTAT

Bangalore, August 14, 2015 CX - Allegation of CENVAT Credit taken without receipt of inputs - In case of clandestine allegation, onus to establish same is on Revenue, which is required to be satisfied by production of sufficient, tangible and positive evidence

New Delhi, August 13, 2015 Govt yet to firm up mind on reconvening House for GST Bill: FM

New Delhi, August 13, 2015 CX - Once Tribunal's judgment was affirmed by Apex Court by dismissal of Civil Appeal, Tribunal's order merges with Apex Court order and same becomes binding precedent, whose non-consideration would be mistake apparent from record - ROM allowed: CESTAT

New Delhi, August 13, 2015 Import - exemption notification - Burden to prove eligibility is on importer; Writ petition decided by HC on merits at request of petitioner - High Court's Jurisdiction cannot be later questioned: SC

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April 26, 2024

I-T - Assessee cannot be prevented from claiming that receipts from sale of software were wrongly offered as royalty, merely because such income was wrongly offered in ROI and which was not revised: ITAT

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Trade Mark Act - Marks are visually phonetically and deceptively similar to Plaintiffs' trademarks : HC

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