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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, December 23, 2014 ST - Dhirubhai Ambani Pioneer Offer - club membership and club privilege charges are not liable to be included in taxable service relating to telephone connection service: CESTAT

Chennai, December 23, 2014 Goods supplied to 100% EOUs on payment of Central Excise duty - Supplier unit entitled for refund of terminal excise duty notwithstanding contrary clarification by Policy Interpretation Committee: High Court

Hyderabad, December 23, 2014 Rejection of refund of service tax paid on non-taxable service - Writ Petition allowed with strictures on Department - On account of irresponsible behaviour of officers, entire Department gets bad reputation: High Court

Mumbai, December 23, 2014 I-T - Partnership firm of wife & husband acquired property but they could not develop and sold it - conclusion reached by lower authorities that income is to be treated as LTCG instead of business income is proper: HC

New Delhi, December 22, 2014 ST - Whether CESTAT can go into merits of order of Committee of Commrs or CCs granting approval to review order & if answer is in affirmative whether such decision should be treated as null and void if they have merely appended signatures to notes prepared by officers - matter goes to HC Larger Bench

New Delhi, December 22, 2014 Income tax - Whether Revenue can resort to reopening of assessment merely on ground that Customs had seized assessee's goods and levied penalty - NO: HC

Chennai, December 22, 2014 CX - Reversal of Credit on inputs lying in stock & contained in finished goods when such goods become exempt - Prior to 2007, there was no such need - LB decision in Ashok Iron to be preferred to decision in Albert David case: HC

Mumbai, December 22, 2014 ST - Sec 85 (3A) - Commrs(A) does not have authority to condone delay beyond 90 days, that being outer limit as per said law - Petition rejected: HC

New Delhi, December 21, 2014 CAG asks CBDT to debar CAs related to Director of Company from signing Audit Report

New Delhi, December 21, 2014 CAG Report on Automotive Sector asks CBEC to review Rule 10 of Excise Valuation Rules, 2000

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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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