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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, July 30, 2014 Income tax - Whether expression 'Tax, Duty, Cess or Fee or by whatever name called' mentioned in provisions of Sec 43B brings under its sweep port dues payable by assessee to a government agency - NO: ITAT

New Delhi, July 30, 2014 CX - Registration - Inclusion of pipelines in ground plan of refinery - pipeline is primarily meant for transportation of raw material - No justification for inclusion in ground plan: Tribunal

Mumbai, July 30, 2014 ST - Appellants are only collecting advertising & same is forwarded to various newspapers - since they are not undertaking any activity connected with making, preparation & display, they are not Ad Agency - no ST payable: CESTAT

Ernakulam, July 29, 2014 CST - Whether Form C under CST is required to be issued for the transfer of credit in the passbook issued under DEPB Scheme - YES: HC

Ahmedabad, July 29, 2014 CX - Rule 6 - Cenvatted Furnace oil used to generate electricity & steam which is supplied to sister concern & HO - Corporate office is situated in registered premises & sister concern is 100% EOU - reversal of CENVAT credit not warranted: CESTAT

Mumbai, July 28, 2014 ST - Because there was separate supply contract for supply of transmission towers, it cannot be deduced that Service contract is pure labour contract - it is not merely nomenclature and form of contract that should be seen - Service Contract is Works Contract: CESTAT

Mumbai, July 28, 2014 ST - Notfn. 12/2003 - Since respondents are showing deemed sale of materials to extent of 60% and 40% towards labour charges and not indicating value of goods and materials actually sold, cost of materials is not excludible: CESTAT

Hyderabad, July 28, 2014 Whether where partnership deed itself makes it clear that immovable property is being contributed as an item of capital as objective of firm is to carry on business in real estate, such asset can be considered as a stock in trade - YES: HC

Mumbai, July 28, 2014 CX - S.4 - Import Parity Price is not an artificially fixed price - It is an actual price at time and place of import which is also place for sales effected by Refinery or OMC to another OMC - Import price cannot be influenced by marketing companies situated in India: CESTAT

New Delhi, July 27, 2014 PM launches MyGov Platform to involve citizens in good goverance

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April 25, 2024 | New Delhi

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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

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April 25, 2024

IBC - Even if CIRP commences, Directors, who are incharge of affairs of Company cannot be absolved of any wilful default committed by borrower Company : HC

April 25, 2024

SARFAESI Act - Writ petition can be disposed of as infructuous as one time settlement has been entered into between parties : HC

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