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IndiGo orders 30 Airbus A350s for long hauls Filing of Form 10A & 10AB: CBDT extends due date to June 30 RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimes CPGRAMS recognized as best practice in Commonwealth Secretaries of public service Israel-Iran War: A close shave for Global Economy but for how long?KABIL, CSIR ink MoU for Advancing Geophysical Investigations I-T - If income from stock-in-trade are held as investments, then provisions of section 14A would apply to such income: ITAT TRAI recommends on Infra Sharing, Spectrum Sharing & Spectrum Leasing I-T- Revisionary powers u/s 263 can't be exercised when AO has neither assumed facts incorrectly nor there is incorrect application of law : ITAT Technology Board okays funding of Dhruva Space's Solar Array Project I-T- Issue of interest is debatable issue on which two views are possible and AO accepted one of views for which PCIT cannot assume revisional jurisdiction: ITAT Health Secy visits Bilthoven Biologicals, discusses production of Polio Vaccine I-T - Estimation of profit element from purchases should be done reasonably if assessee could not conclusively prove that purchases made are from parties as claimed, in absence of confirmations from them: ITAT Study finds Coca-Cola accounts for 11% of branded plastic pollution worldwide I-T- Triplex flats purchased are interconnected and can be considered as 'a residential unit'' as per definition of section 54F of Act : ITAT Delhi HC says conspiracy against PM is a crime against State I-T- AO omitted to probe issue of cash payments made over specified limit; revisionary power u/s 263 is rightly exercised: ITAT Brazil makes new rules to streamline consumption taxes I-T-Power of revision unnecessarily exercised where AO had no scope to examine creditworthiness & genuineness of assessee's creditors: ITAT Biden signs rules mandating airlines to give automatic refunds for delayed or cancelled flights I-T-As per settled law, in absence of enabling powers, no disallowance can be made : ITAT BYD trying to redefine luxury for new EV variants GST - On the one hand, the order states registration is liable to be cancelled retrospectively and on the other hand mentions that there are no dues - Order modified: HC SC asks EC to submit more info on reliability of EVMs Right to Sleep - A Legal lullaby


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New Delhi, September 10, 2014 CENVAT - Rule 2(l) of CCR, 2004 - Outdoor Catering services - merely because exclusion uses expression 'primarily for personal use or consumption of any employee' it does not mean that credit is available in respect of catering services provided to contract labourers: CESTAT

Mumbai, September 09, 2014 CX - 'Minute Maid Nimbu Fresh (MMNF)' is correctly classifiable under CSH 2202 1020 as 'Lemonade' & is not entitled for benefit of exemption notification 3/2006-CX - Duty demand upheld : CESTAT

Bangalore, September 09, 2014 Income tax - Whether assessee is to be treated as assessee-in-default where assessee deducted tax payable by its employees but instead of remitting same in Govt account it appropriated same for its benefit - YES: HC

Mumbai, September 09, 2014 Cus - Appellants had approached Settlement Commission & admitted liability and also charges levelled in SCN - in view of admission before statutory authority, Penalties correctly imposed - appeal dismissed: CESTAT

Mumbai, September 09, 2014 ST - Appellant purchases goods from village industry units for supply of same to PSUs - transaction is simple trading - trade margin of 3% is not in nature of commission - activity not Business Support Services so as to attract ST: CESTAT

New Delhi, September 08, 2014 Furnishing Bank Guarantee by Two Star Export House - repugnancy between clause 4.7.3 of HoP and para 3.10.4(v) of FTP must be resolved in favour of FTP - High Court quashes direction of Addl DGFT to exporter to furnish BG

Hyderabad, September 08, 2014 Income tax - Whether when there is no willingness on part of developer to perform his part of contract, it will still be treated as transfer of capital asset u/s 2(47)(v) - NO: ITAT

Allahabad, September 08, 2014 CX - When there is no extra consumption of electricity & purchase of inputs, then manufacturing of extra goods is not possible - unless there is clinching evidence, demand cannot be confirmed solely on basis of presumptions: HC

Chennai, September 07, 2014 I-T- Whether five independent flats in multi-storey construction can be considered as single residential unit for purpose of claiming exemption u/s 54F - YES: HC

New Delhi, September 07, 2014 TB is a 'National Emergency'; Govt working on email repository to pool resources to fight it out, says Health Minister

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