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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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New Delhi, July 13, 2015 Setback for Vijay Mallya - Apex court imposes cost; Whether culpability u/s 56 is not vitiated by dropping of charges under other Sections of FERA - YES, rules SC

Mumbai, July 13, 2015 ST - Whether composite contract of 'Ship Management service' can be vivisected for period prior to 01.05.2006, when such service was not taxable, and taxable component like 'Repair' be charged to tax separately - Difference in opinion: CESTAT

Mumbai, July 13, 2015 Cus - Merely having a winch does not lead to conclusion that vessel is a tug - Supply & passenger ships can also have winch - Clarification given by Ministry can by no means be discarded � 'Offshore Hunter' is correctly classifiable under CTH 8901 & exempted under Not 21/2002: CESTAT

Kolkata, July 13, 2015 Income tax - Whether when revised return includes an expenditure disallowable u/s 37(1) it would automatically follow that inaccurate particulars were furnished even in originally filed return - YES: HC

New Delhi, July 13, 2015 CX - Power grid to whom electricity is sent for synchronization is to be treated as job worker - since electricity was returned back to factory there is good compliance - Credit availed on fuel used in generation of electricity cleared to Board is admissible: CESTAT

Mumbai, July 12, 2015 Cus - When there is Court's order & which directs Authority to decide case within a particular time frame, then, it is his duty to adhere to it - not complying with Court's order and in time will result in visit with personal costs & consequences such as entering displeasure of this Court in their service record: HC

New Delhi, July 12, 2015 Health Minister calls for Mission Mode for population stabilisation; India's population surpasses 128 crore mark

New Delhi, July 11, 2015 Indirect tax collections leapfrog by more than 37% in Q 1

New Delhi, July 11, 2015 CX - s.4 of CEA, 1944 - Expression 'interest directly or indirectly' would refer to financial interest only : CESTAT

New Delhi, July 10, 2015 ST - Transport of gas through pipelines - Assessee entitled to avail Cenvat Credit of service tax paid by EPC contractors against assessee's output service liability: Advance Ruling

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

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

April 26, 2024

I-T- Proceedings commenced subsequent to exercise of revisionary power u/s 263, are unsustainable, where the revisionary order itself came to be quashed: ITAT

April 26, 2024

PMLA -Bail application can be dismissed as petitioner failed to satisfy conditions for grant of bail : HC

April 26, 2024

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

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