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Musk defers India’s trip citing heavy Tesla obligations India needs to design legislative pills to euthanise tax-induced expatriation!I-T- Exercise of jurisdiction u/s 263 is invalid if AO has taken particular view, which though, may not be only view, but certainly can be possible view : ITAT Torrential rains cause havoc in Pakistan; 87 killed I-T- Additions framed on account of unexplained money upheld as assessee was unable to prove source of cash deposited in assessee's bank account : ITAT US imposes sanctions on 3 Chinese firms and one from Belarus for transfering missile tech to Pakistan CX - Appellant has regularly filed statutory returns on monthly basis and the fact of clearance of goods and availment of credit was duly reflected in returns but same has not been examined by authorities below, impugned order is not sustainable: CESTAT Dubai terribly water-logged as it has no storm drains ST - When services are received from separate source & accounted separately in separate ledgers, there cannot be any question of clubbing them under one category: CESTAT EU online content rules tightened against adult content firms Cus - The continuous suspension of license of Customs Broker without either conducting an inquiry or issuing a notice for revocation of license or imposition of penalty is bad in law and needs to be set aside: CESTAT EV market cools off in US; Ford, GM eyeing gas-powered trucks Apple China tosses out WhatsApp & Threads from App store after being ordered China announces launch of new military cyber corps Railways operates record number of additional Trains in Summer Season 2024 GST - Assessing officer took into account the evidence placed on record and drew conclusions - Bench is, therefore, of the view that petitioner should present a statutory appeal: HC 1st phase polling - Close to 60% voter turnout recorded Ministry of Law to organise Conference on Criminal Justice System tomorrow GST - To effectively contest the demand and provide an opportunity to petitioner to place all relevant documents, matter remanded but by protecting revenue interest: HC Govt appoints New Directors for 6 IITs Nexus between Election Manifesto and Budget 2024 in July!Israel launches missile attack on Iran EC holds Video-Conference with over 250 Observers of Phase 2 polls


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Ahmedabad, November 19, 2014 CBLR, 2013 - We are at loss to understand when GOI certifies and registers vessel as 'research' ship, how other wing of GOI understands same vessel as Seismographic 'survey' vessel - revoking CB licence of appellant is absolutely unwarranted - Appeal allowed: CESTAT

Mumbai, November 18, 2014 Cus - Foreign Related entity - While service agreement is for rendering of management consultancy services, secondment agreement is for deputation of staff - these have nothing to do with import of raw materials nor were services received condition for sale of imported goods - order set aside: CESTAT

Bangalore, November 18, 2014 Income tax - Whether when each beneficiary contributes money to assessee - Trust for earning higher returns, it can be said that beneficiaries have come together to form an AOP - NO: ITAT

Hyderabad, November 18, 2014 Time spent before wrong forum is excludable for computing limitation before Commissioner(A) - No error in order of Tribunal restoring appeal before Commissioner (A) - Revenue's appeal dismissed: High Court

New Delhi, November 17, 2014 Central Excise - Appeals - Can CESTAT dismiss an appeal for want of prosecution? 'No', holds Supreme Court Larger Bench

Ahmedabad, November 17, 2014 CE - Rule 21 of CER, 2002 - Appellant is eligible for remission of duty in respect of goods cleared for export under bond but which were destroyed at port before same could be exported: CESTAT Larger Bench

Mumbai, November 17, 2014 ST - Notfn. 29/2004 - Commission earned on discounting of account receivable is nothing but interest for lending money - Penal interest on bills of exchange discounted is also part of interest on loan - Prima facie exempted: CESTAT

Mumbai, November 17, 2014 Income tax - Whether undisclosed income revealed post-search inquiry can be assessed within scope of block assessment, although time for filing return for such assessment year has not expired as on date of search - YES: HC

Chennai, November 17, 2014 Customs - Abandoned goods - Tribunal fell in error in setting aside penalty u/s 112(a) in respect of goods abandoned u/s 23(2) - Revenue's appeal allowed and penalty restored: High Court

Brisbane, November 16, 2014 Let profits be taxed where economic activities are performed and value is created: G-20 Leaders

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I-T- Onus of establishing receipt of services from Associated Enterprise has to be discharged on year to year basis by assessee company: ITAT

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