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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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Chennai, March 18, 2015 CX - Ignorance of law is no excuse - High court reverses decision of Tribunal - Upholds extended period and penalty under Section 11 AC

Mumbai, March 18, 2015 Income tax - Whether if assessee Trust generates huge surplus and utilises same to acquire assets, it is sufficient to make inference that assessee does not exist solely for philanthropic purpose - YES: HC

Mumbai, March 18, 2015 ST - What has been recorded in order is submission made by DR and is not finding or conclusion by Tribunal - ROM filed by applicant on ground that contents of paragraph would damage their reputation is dismissed: CESTAT

New Delhi, March 17, 2015 Income tax - Whether if surplus is generated by an educational institution it ceases to exist solely for education purpose and becomes a profit making enterprise - NO: Supreme Court

Jodhpur, March 17, 2015 Sales Tax - Whether penalty for failure to produce required documents when goods leave nearest check-post of State is a civil liability - YES: HC Full Bench

Mumbai, March 17, 2015 One Member finding fault with another - avoid friction and unnecessary difference of opinion on trivial issues - Need for harmony, coordination and cooperation between Members: High Court

Mumbai, March 17, 2015 Income tax - Whether depreciation on part of expenditure incurred on issue of shares which was later capitalised by assessee can be claimed u/s 32 - NO: HC

Mumbai, March 17, 2015 Cus - S.153 - It is only when service is not possible in manner provided in clause (a) that affixation of order on notice board of Customs House is permitted - Tribunal's order is vitiated by total non-application of mind: High Court

Ernakulam, March 16, 2015 Prohibition of Customs Broker Licence under Regulation 23 without hearing - Course pursued by Commissioner is not liable to be branded as arbitrary or illegal: HC

Mumbai, March 16, 2015 VCES, 2013 - Proviso to Sec 106(1) - Admissibility of VCES for those who had already filed returns under Sec 70 - Designated authority undertook task of computing liability by showing some disparity in figures of ST-3 returns and declaration made - Order quashed and set aside: HC

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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

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April 24, 2024

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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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