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IndiGo orders 30 Airbus A350s for long hauls Filing of Form 10A & 10AB: CBDT extends due date to June 30 RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimes CPGRAMS recognized as best practice in Commonwealth Secretaries of public service Israel-Iran War: A close shave for Global Economy but for how long?KABIL, CSIR ink MoU for Advancing Geophysical Investigations I-T - If income from stock-in-trade are held as investments, then provisions of section 14A would apply to such income: ITAT TRAI recommends on Infra Sharing, Spectrum Sharing & Spectrum Leasing I-T- Revisionary powers u/s 263 can't be exercised when AO has neither assumed facts incorrectly nor there is incorrect application of law : ITAT Technology Board okays funding of Dhruva Space's Solar Array Project I-T- Issue of interest is debatable issue on which two views are possible and AO accepted one of views for which PCIT cannot assume revisional jurisdiction: ITAT Health Secy visits Bilthoven Biologicals, discusses production of Polio Vaccine I-T - Estimation of profit element from purchases should be done reasonably if assessee could not conclusively prove that purchases made are from parties as claimed, in absence of confirmations from them: ITAT Study finds Coca-Cola accounts for 11% of branded plastic pollution worldwide I-T- Triplex flats purchased are interconnected and can be considered as 'a residential unit'' as per definition of section 54F of Act : ITAT Delhi HC says conspiracy against PM is a crime against State I-T- AO omitted to probe issue of cash payments made over specified limit; revisionary power u/s 263 is rightly exercised: ITAT Brazil makes new rules to streamline consumption taxes I-T-Power of revision unnecessarily exercised where AO had no scope to examine creditworthiness & genuineness of assessee's creditors: ITAT Biden signs rules mandating airlines to give automatic refunds for delayed or cancelled flights I-T-As per settled law, in absence of enabling powers, no disallowance can be made : ITAT BYD trying to redefine luxury for new EV variants GST - On the one hand, the order states registration is liable to be cancelled retrospectively and on the other hand mentions that there are no dues - Order modified: HC SC asks EC to submit more info on reliability of EVMs Right to Sleep - A Legal lullaby


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Bangalore, June 18, 2015 ST - Revenue loses huge case on limitation - coaching provided for IIT along with +2 Course is taxable under coaching services; Only for failure on part of adjudicating authority to exercise jurisdiction vested in him, extended period is not invokable: CESTAT by Majority

Mumbai, June 18, 2015 ST - Telecom Service - During April 2003 to Sept 2006, distribution of prepaid recharge vouchers, free of charge to dealers as commission for sale effected by them, does not attract ST liability: CESTAT

Amritsar, June 18, 2015 Income tax - Whether when there were no enabling provisions u/s 200A, no fee u/s 234E could have been levied for delay in filing TDS returns - YES: ITAT

Mumbai, June 18, 2015 CENVAT credit availed on Input services used in relation to manufacturing at Pune has no nexus with rendering of output service at Mumbai - Credit cannot be utilized for paying ST liability on renting of immovable property service provided in Mumbai: CESTAT

New Delhi, June 17, 2015 Notification comes into effect on date it is published and offered for sale: SC

Kolkata, June 17, 2015 I-T - Discretionary Trust - Whether when sum credited is claimed to be from source situated outside India, onus falls on AO to prove that assessee has earned income outside India - NO: ITAT

Mumbai, June 17, 2015 ST - Appellant was well aware of liability having taken ST registration in Feb 2003 - not complying with requirement of filing ST3 returns for long period of 6 years exhibits callous attitude - No 'reasonable cause' shown to deserve benefit of S. 80: CESTAT

Mumbai, June 17, 2015 CX - Clandestine manufacture & clearance without payment of duty - Rs 45L unaccounted cash recovered - it is duty of CX officers to see that in such cases information is given to IT Dept. - amount cannot be returned as it will amount to virtually disposing of property which can also be attached: HC

New Delhi, June 17, 2015 Defective sample drawing costs NCB dearly - High Court sets aside conviction by Trial Court in illegal export of heroin case

Mumbai, June 16, 2015 ST - Financial Services - Appellant, successful bidder collecting octroi and paying sum to Municipality as per contract - sum in excess of contract amount retained by appellant and in respect of transit fees, appellant receives 3% of sum as consideration - Appellant is not FI: CESTAT

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TP - Arm's length computation of corporate guarantees issued by assessee in favour of its AEs abroad taken at 1% which has been approved for earlier A.Ys, cannot be disturbed in absence of contrary: 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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