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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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Chennai, October 03, 2018 ST - Order, though passed by considering merits, cannot be sustained, since passed without following principles of natural justice: HC

Chennai, October 01, 2018 Cus - Provisional release - Non-cooperative attitude of assessee is also to be borne in mind: High Court

Bangalore, October 01, 2018 CT - Order suffers from malice-in-facts as well as malice-in-law - exemplary costs imposed on officer for passing whimsical order: HC

Hyderabad, October 01, 2018 I-T - If rental advance is adjusted against lock-in period liabilities, such loss is to be treated as business loss.: ITAT

New Delhi, September 29, 2018 I-T - Search Year is to be treated within block period and assessment should be framed u/s 153C only after issuing proper notice: ITAT

New Delhi, September 28, 2018 GST - No profiteering made on sale of 'Hara Bhara Kabab Sub' - respondent had increased base price to make good loss which occurred due to denial of ITC post GST rate reduction: NAA

Mumbai, September 28, 2018 ST -'One-time' maintenance charges collected from flat buyers by builder not taxable : HC

Jaipur, September 28, 2018 I-T - Income being a share in AOP or BOIs is to be excluded while computing book profit u/s 115JB: ITAT

Ahmedabad, September 27, 2018 I-T - If additional relief claimed on basis of judicial precedents brings assessed income below returned income, appellate authority has jurisdiction to allow such deduction even if revised return was not filed: ITAT

Mumbai, September 27, 2018 ST - Once it is held that no penalty is imposable as non-payment of tax was not for wilful misstatement, then demand for extended period is also to be set aside: HC

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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

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