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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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New Delhi, February 26, 2015 CX - When appellant's unit was located in area specified in Notf. No. 50/03 and goods being manufactured by them was not in negative list, appellant had nothing to gain by clearing goods clandestinely without reporting to Revenue: CESTAT

Jaipur, February 26, 2015 Cus - Seizure of Gold biscuits - HC does not act as executing court - If no specific orders were passed by Tribunal with regard to consequential directions, petitioner should approach appropriate authorities for its quantification and payment: HC

New Delhi, February 25, 2015 Income tax - Authority for Advance Ruling - Union Cabinet sanctions two more Benches in Delhi & Mumbai; Also okays Rs 7.5 Cr budget

Chandigarh, February 25, 2015 VAT - Whether medicines, drugs & stents administered to patients during a medical procedure are a 'sale' and thus exigible to VAT - NO: HC

Allahabad, February 25, 2015 Income tax - Whether before invoking provisions of Sec 158BD against a person other than person whose premises were searched, conditions precedent are to be satisfied - YES: HC

Ahmedabad, February 25, 2015 ST - Even in case of clandestine removals, CENVAT credit of inputs or input services, during period of offence, is allowed to be abated from total duty demanded and interest payable is computed only on duty finally determined - interest not payable since sufficient balance in CENVAT account: CESTAT

Chennai, February 25, 2015 CX - exemption under Notification 6/2002 for edible oils put up in unit containers - no interference with concurrent findings of fact of three lower authorities : HC

Mumbai, February 24, 2015 Cus - Recovery proceedings for escaped Anti-dumping duty can be initiated even afer expiry of ADD Notification - Rule 2(a) of General Interpretative Rules of CTA, 1975 can be invoked for levy of ADD: CESTAT

Allahabad, February 24, 2015 Income tax - Whether if Income Tax Department seizes India Development Bonds during Search as undisclosed income, it is to be construed as money laundering - YES, rules Full Bench of High Court

New Delhi, February 24, 2015 CX - Merely because contract provided that price at which PSC pipes are to be supplied shall be inclusive of all taxes, it cannot be presumed that price also included excise duty - demand u/s 11D prima facie not sustainable: CESTAT

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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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