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I-T- Denial of deduction u/s 80IC can create perception of genuine hardship, where claimant paid tax in excess of what was due; order denying deduction merits re-consideration: HC Israel launches missile attack on Iran EC holds Video-Conference with over 250 Observers of Phase 2 polls Germany disfavours Brazil’s proposal to tax super-rich I-T- If material found during search are not incriminating in nature AO can not made any addition u/s 153A in respect of unabated assessment: ITAT Govt appoints Dinesh Tripathi as New Navy Chief AFMS, IIT Kanpur to develop tech to address health problems of soldiers FBI sirens against Chinese hackers eyeing US infrastructure I-T - Interest earned on short term deposit out of borrowed funds during period prior to commencement of business, is totally foreign to business objects of assessee, and not eligible for set off: ITAT Kenya’s top military commanders perish in copter crash CBIC notifies Customs exchange rates w.e.f. April 19, 2024 Meta shares ‘Most Intelligent’ AI assistant built on Llama model ST - Service Tax paid in respect of export of services and cannot be subject to levy of Service Tax under Notfn 18/2009-ST, denial of exemption on procedural lapses cannot be sustained: CESTAT Dengue cases soaring in US - Close to ‘Emergency situation’: UN Agency Nexus between Election Manifesto and Budget 2024 in July!Half of China’s major cities sinking, reveals Study CX - The warranty service is eligible for credit though the same is provided after clearance of final products: CESTAT


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Mumbai, September 17, 2014 ST - Surface transportation charges, on which service tax is demanded, has been shown in invoices as part of sale value of coal and on value including transportation charges, applicant has discharged CE duty as well as sales tax - sale value cannot be charged to ST: CESTAT

New Delhi, September 17, 2014 Income tax - Whether insertion of provisio to Sec 113 vide Finance Act, 2002 to levy surcharge in case of block assessment can be said to be clarificatory in nature and thereby having retro effect - NO: Supreme Court Constitution Bench

Mumbai, September 17, 2014 ST - CENVAT credit is admissible on towers and the cabins used by appellant as Passive Telecom Infrastructure for providing output service namely 'Business Auxiliary Service': CESTAT

New Delhi, September 17, 2014 Income tax - Whether interest received on account of enhanced compensation of acquired property by State is liable for taxation in year of receipt- YES: SC

Mumbai, September 17, 2014 CENVAT - Lower authorities have not understood provisions of CENVAT Rules in true spirit and, therefore, have denied credit - B/E in name of HO endorsed in name of appellant is a valid document for taking credit in terms of rule 9: CESTAT

Mumbai, September 16, 2014 ST - Appellant entered into contracts with Taj TV Ltd., Dubai & TWI Ltd of UK & Nimbus Sports to produce AV coverage of cricket match - activities undertaken by non-resident service providers squarely falls within definition of 'programme' & appellant is liable to pay ST: CESTAT

New Delhi, September 16, 2014 CCEA approves Scheme to augment competitiveness in Indian Capital Goods Sector

Mumbai, September 16, 2014 CX - Aluminium dross and skimmings which arise as by-product in process of manufacture of aluminium products are 'manufactured' goods and hence excisable w.e.f. 10/05/2008 in view of Explanation added to Section 2(d): CESTAT Larger Bench

New Delhi, September 16, 2014 Income tax - Whether when assessee makes investments to pick up controlling stake in company after FIPB approval, entire expenditure related to such investment is to be attributed to earning of dividend, and warrants disallowance u/s 14A - NO: HC

Mumbai, September 16, 2014 ST - Construction of Mall & renting of Shops - CENVAT Credit of service tax paid on input services used in construction of immovable property would be available if such immovable property is used for rendering other taxable services - Prima facie case in favour - Stay granted: CESTAT

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April 19, 2024

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

April 19, 2024

DTAA - Payment received on account of subscription, professional and training services cannot be deemed to be Fees for Technical service and be taxed as Royalty, where no technical know-how is made available: ITAT

April 19, 2024

Companies Act - Charges of professional misconduct in SCN are proved for which monetary penalty can be imposed : NFRA

April 19, 2024

PMLA - Application for anticipatory bail can be rejected as there is failure on part of applicant to appear before trial Court despite service of bailable warrant : HC

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