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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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Mumbai, June 24, 2015 I-T - Whether when agreement entered into provides that it has transferred rights only to looms & machinery and use of subject premises was only incidental, such licence to use premises would be construed as sublease in any form - NO: HC

Mumbai, June 24, 2015 ST - If Department was aware of Writ filed by appellants and have filed affidavit in September 2006, nothing prevented them from issuing protective demand notices in order to safeguard Revenue - invocation of extended period in SCNs not in consonance with law: CESTAT

Mumbai, June 23, 2015 ST - Coaching Service - Mark sheet and provisional passing certificate issued by Tilak Maharashtra Vidyapeeth & University of Pune - courses conducted are recognized by law for time being in force - No ST payable: CESTAT

New Delhi, June 23, 2015 Cus - Import of medical instrument under NIL duty - conditions of Notification and undertaking to SC violated - Penalty reduced to amount equal to duty subject to a max of Rs 20 lakhs: Supreme Court

Kolkata, June 23, 2015 Income tax - Whether sum paid as lease premium has any nexus with rent of property leased to assessee and thus attracts provisions of Sec 194I - NO: ITAT

New Delhi, June 23, 2015 Service Tax - Amway, for direct sales, no Service Tax - Second Level Distributors liable to Service Tax: CESTAT

Bangalore, June 22, 2015 Automobile Cess is also duty of excise - Rebate under Notification No 19/2004 CE (NT) is admissible - Order of Revision Authority denying benefit is quashed - HC

Mumbai, June 22, 2015 ST - No doubt two years course will help candidates in understanding various facets of management but it is professional, not Vocational Course � Notif. No. 24/04 not available, extended period not invokable: CESTAT

Chennai, June 22, 2015 Income tax - Whether TUF is a capital receipt and assessee is not entitled to Sec 80IA benefits on it - YES: ITAT

Mumbai, June 22, 2015 ST - Appellant borrowing by way of 'syndicated loans' for acquisition and capital expansion, from various overseas banks - Arrangement fee paid to various banks abroad - whether taxable under reverse charge under Financial services - Matter referred to Third Member: CESTAT

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