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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 I-T - Re-assessment is invalid where based only on a suspicion that income escaped assessment & where not based on concrete reasons to believe for commencing such proceedings : ITAT 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 Cus - When Department has not complied with time limit, the order issued for revocation of licence or order issued for continuation of suspension licence cannot sustain: CESTAT NY top court quashes conviction of Harvey Weinstein in rape case Weather prediction normal for phase 2 poll day IndiGo orders 30 Airbus A350s for long hauls ST - Appellant is an 'authorised medical practitioner' providing 'healthcare services' - services exempted in terms of clause 2(i) of notification 25/2012-ST: Commr(A)RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimes REC avails SACE-Covered Green Loan for 60.5 Billion Japanese Yen Study finds Coca-Cola accounts for 11% of branded plastic pollution worldwide Cus - 'Small Form-factor Pluggable Optical Transceivers' are classifiable under CTH 8517 7090 and not under CTH 8517 62 90 - entitled for benefit of duty concession under 57/2017-Cus: CESTAT DoNER discusses Development of Tourism in North East CX - Appellant is eligible for exemption under Notfn 12/2012-CE upon fulfilling all conditions stipulated therein, thus sufficiently establishing that goods dealt with by Appellants qualify for exemption: CESTAT


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New Delhi, July 16, 2015 ST - Mere non-mention of particular clause of definition in SCN when definition is so graphically clear could in no way jeopardise appellant's ability to defend itself - Demand upheld: CESTAT

New Delhi, July 16, 2015 Income tax - Whether, to avail deduction u/s 80I, profits of marketing division can be treated as part of overall profits with respect to industrial undertaking eligible for such deduction - YES: HC

New Delhi, July 16, 2015 CX - 'Anmol' Coconut oil sold in packing of 200 ml or less - Duty paid under protest by adopting classification as Hair Oil (33.05) - Judgment of Tribunal in case of Capital Technologies classifying goods under 1513 @Nil rate of Tariff is binding precedent - Matter remanded to verify unjust enrichment: CESTAT

New Delhi, July 15, 2015 ST - Management and Maintenance of parks and roadside plantation - Taxable w.e.f. 01.05.2006 - appellant guilty of suppression - Benefit of notfn. 12/2003-ST available - Matter remanded: CESTAT

Chennai, July 15, 2015 Mandatory pre-deposit of 7.5% under amended Sec 35F - Not applicable to assessments prior to amendment - Madras HC allows Petitioner to file appeal and stay application without any deposit

Mumbai, July 15, 2015 COFEPOSA - One word or sentence from detention order cannot be picked up and read in isolation or torn out of context - subjective satisfaction is based on detaining authority's opinion that it is necessary to detain detenu so as to prevent him from indulging in smuggling in future: HC

Bangalore, July 15, 2015 ST - Action under Sec 87 before adjudication of SCN is like putting cart before horse - Recovery notices under Sec 87 quashed and department directed to remit amount recovered in respective accounts: High Court

Chennai, July 14, 2015 Fixed Facility Charges collected in relation to supply of Industrial gases - Whether Service Tax payable under 'supply of tangible goods for use' - Prima facie case for waiver of pre-deposit since applicant has discharged excise duty on value of FFC - Stay granted - Tribunal

Ahmedabad, July 14, 2015 I-T - Whether when assessee sells SIM cards to distributor, he is not paying any commission and in that case no income accrues or arises in hands of distributor - YES: ITAT

New Delhi, July 14, 2015 CX - Sugar Mill and co-generation plant situated across public road are connected through overhead conveyor - both units have to be treated as one factory - CENVAT of capital goods and services used for setting up power plant admissible: CESTAT

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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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SARFAESI Act - Writ petition can be disposed of as infructuous as one time settlement has been entered into between parties : HC

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