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Musk defers India’s trip citing heavy Tesla obligations India needs to design legislative pills to euthanise tax-induced expatriation!I-T- Exercise of jurisdiction u/s 263 is invalid if AO has taken particular view, which though, may not be only view, but certainly can be possible view : ITAT Torrential rains cause havoc in Pakistan; 87 killed I-T- Additions framed on account of unexplained money upheld as assessee was unable to prove source of cash deposited in assessee's bank account : ITAT US imposes sanctions on 3 Chinese firms and one from Belarus for transfering missile tech to Pakistan CX - Appellant has regularly filed statutory returns on monthly basis and the fact of clearance of goods and availment of credit was duly reflected in returns but same has not been examined by authorities below, impugned order is not sustainable: CESTAT Dubai terribly water-logged as it has no storm drains ST - When services are received from separate source & accounted separately in separate ledgers, there cannot be any question of clubbing them under one category: CESTAT EU online content rules tightened against adult content firms Cus - The continuous suspension of license of Customs Broker without either conducting an inquiry or issuing a notice for revocation of license or imposition of penalty is bad in law and needs to be set aside: CESTAT EV market cools off in US; Ford, GM eyeing gas-powered trucks Apple China tosses out WhatsApp & Threads from App store after being ordered China announces launch of new military cyber corps Railways operates record number of additional Trains in Summer Season 2024 GST - Assessing officer took into account the evidence placed on record and drew conclusions - Bench is, therefore, of the view that petitioner should present a statutory appeal: HC 1st phase polling - Close to 60% voter turnout recorded Ministry of Law to organise Conference on Criminal Justice System tomorrow GST - To effectively contest the demand and provide an opportunity to petitioner to place all relevant documents, matter remanded but by protecting revenue interest: HC Govt appoints New Directors for 6 IITs Nexus between Election Manifesto and Budget 2024 in July!Israel launches missile attack on Iran EC holds Video-Conference with over 250 Observers of Phase 2 polls


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New Delhi, July 02, 2015 CX - Car air conditioners - Division Bench Ruling upheld; Rules of interpretation always subject to context and not binding commands on iron cast imperatives - Supreme Court (Larger Bench)

Mumbai, July 02, 2015 CX - Service is not tangible unlike inputs or capital goods - Scope of service is not limited within four corners of factory - ST paid on renting of Gala which was not part of manufacturing activity is also admissible as CENVAT credit: CESTAT

Mumbai, July 02, 2015 I-T - Whether any disallowance u/s 40(a)(ia) is warranted when AO has accepted in his remand report that assessee has discharged all its TDS obligations - NO: ITAT

Chennai, July 02, 2015 Appeals by State Government undertakings - High Court allows restoration of appeal of 2004 dismissed in 2011 for want of COD clearance in light of ECIL case

Mumbai, July 01, 2015 Income tax - Whether Long term capital loss on sale of equity shares can be set off against Long term capital gain arising on sale of land - YES: ITAT

Chennai, July 01, 2015 CX - Erroneous payment of duty on exempted goods does not make them non-exempted - No error in order of Tribunal in allowing exemption under Notification No 89/95 to waste & scrap arising in manufacture of such goods: HC

Chennai, July 01, 2015 Cus - Brokers Licencing Regulations - Under Regulation 20(1), notice to be issued within 90 days from date of receipt of offence report - SCN issued beyond 90 days is invalid and is quashed: HC

Mumbai, June 30, 2015 CX - Availment of fraudulent CENVAT credit of Rs.5.64 crores without receipt of inputs & showing purported clearance of inputs as such - it cannot be said that credit has been reversed as buyers would have taken credit - Pre-deposit ordered of 7.5%: CESTAT

Panaji, June 30, 2015 I-T - Whether if property is sold under duress at lesser value as it was under litigation, provisions of Sec 50C cannot be mechanically applied to tax capital gains - YES: ITAT

Mumbai, June 30, 2015 ST - Construction Service - Notification 1/2006 - There is no specific bar in notification to disallow CENVAT credit of tax paid on Input services for previous period - Tax paid on Input services received prior to 01.03.2006 and credit taken on 01.04.2006 is legal and proper: CESTAT

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April 19, 2024

I-T- Onus of establishing receipt of services from Associated Enterprise has to be discharged on year to year basis by assessee company: ITAT

April 19, 2024

DTAA - Payment received on account of subscription, professional and training services cannot be deemed to be Fees for Technical service and be taxed as Royalty, where no technical know-how is made available: ITAT

April 19, 2024

Companies Act - Charges of professional misconduct in SCN are proved for which monetary penalty can be imposed : NFRA

April 19, 2024

PMLA - Application for anticipatory bail can be rejected as there is failure on part of applicant to appear before trial Court despite service of bailable warrant : HC

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