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Jio turns world’s top telco in terms of data traffic India takes part in 'Institutionalization of SMART Government for Improving Service Delivery' in London Gadkari faints during campaign; Heat takes toll on his health 'Sunflowers were the first ones to know' - film by FTII student selected at Cannes SARFAESI Act - Award of interest on auction money at rate applicable to fixed deposits is not a correct view and rate of interest deserves to be enhanced: SC (See 'TIOLCorplaws')ST - Chit Funds - Tax was not paid under mistake of law but upon demand by tax authorities - Refund not having been filed within time was rightly rejected: HC SC asks EC to submit more info on reliability of EVMs GST - Without considering reply on merits, proper officer has held that reply is unsatisfactory and, therefore, he is left with no alternative but to create demand - Order set aside: HC GST - Cancellation of registration retrospectively - Show Cause Notice and the impugned order are bereft of any details, accordingly the same cannot be sustained: HC GST - Registration could not have been cancelled retrospectively for the period for which returns were filed and taxpayer was compliant: HC GST - Notfn 11/2017-CTR amended by 03/2022 - Work contracts executed before 18 July 2022 - Petitioners should file refund claims before respondent agitating grievance and same be examined and orders passed within 4 months: HC Italy imposes USD 10 mn fine on Amazon for unfair business practices GST - Entire tax liability has been realised by appropriating the amount from the petitioner's bank account, therefore, Revenue interest stands fully secured - Since tax proposal was confirmed without participation of petitioner, order set aside and matter remanded: HC Caste Census is my mission, says Rahul Right to Sleep - A Legal lullaby US warns Pak of punitive sanctions against trade deal with Iran I-T- Income surrendered before approaching Settlement Commission not covered u/s 115BBE, where this provision did not exist during relevant AYs: HC Chinese companies decry anti-subsidy probe by EU I-T- Entire interest expenditure is allowable as deduction if loan funds is not diverted for non-income earning activities/personal purposes : ITAT UK to send military aid package worth USD 619 mn to Ukraine US regulator bans non-compete agreements by employees Air India, Nippon Airways join hands for travel between India and Japan SC grills Baba Ramdev & Balkrishna in misleading ad case


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Mumbai, April 12, 2015 CX - s.35F - In appeal procedure in Tribunal, stage of entertaining appeal is right from date of filing of appeal, therefore, at time of filing of appeal, appellant is required to make deposit of 7.5% or 10%of duty: CESTAT

New Delhi, April 11, 2015 Sales tax - Whether design parameters of a device stipulated by a customer can override decisive characterstics of works contract otherwise unequivocally spelt out in work order - NO: Supreme Court

Mumbai, April 11, 2015 Cus - Notfn 102/2007 - Refund of SAD - Findings of Commissioner(A) is very strange and totally unwarranted - there is no requirement in statutory provisions that agreement between importer and consignment agent should bear signature of witness - Appeal allowed: CESTAT

New Delhi, April 10, 2015 Customs - Import - Failure to fulfill conditions of exemption - Confiscation - redemption fine - Is duty payable under Section 125 if goods are not redeemed? - No, rules Supreme Court

Mumbai, April 10, 2015 ST - It is a settled law that reference to LB is made only in situation when there is a contrary view expressed by two different Benches on given issue - in absence of any contrary view expressed by any other Division Bench no reference lies to Larger Bench: CESTAT LB

Allahabad, April 10, 2015 Income tax - Whether rental income derived by partnership firm from regular business of leasing out of properties, can be treated as 'income from house property' - NO: HC

Mumbai, April 10, 2015 Cus - Only licensing authorities can permit revalidation of freely transferable DFIAs - Denial of benefit under scheme only because of expiry of Licenses due to refusal by Customs to allow import of such goods & their resultant non-utilisation, would amount to denial of substantial benefits: CESTAT

Chennai, April 10, 2015 Suppression - Revenue's appeal against order of Tribunal setting aside demand beyond normal period - Appeal dismissed: High Court

Chennai, April 09, 2015 ST - Finance Act, 1994 is not law of Income Tax to tax interest income - consideration relating to services provided shall only be subject matter of taxation by FA, 1994: CESTAT

Jaipur, April 09, 2015 Income tax - Whether relinquishment of right to sue is to be held as capital asset - YES: ITAT

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Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.

April 24, 2024 | New Delhi

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April 2024 Edition

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

April 24, 2024

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

April 24, 2024

I-T- DTAA does not get triggered at all when a domestic company pays DDT u/s 115-O of the Act : ITAT

April 24, 2024

PMLA - Considering money trail and involvement of applicant in crime he is not entitled for anticipatory bail : HC

April 24, 2024

Competition Act - Informant has neither referred to any particular agreement nor provided any document which suggest existence of anti-competitive agreement : CCI

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