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Air India, Nippon Airways join hands for travel between India and Japan 10 killed as two Malaysian Military copters crash GST - s.107(11) - There is no fetter on the powers of the appellate authority to modify the order passed u/s 130(2) by the adjudicating authority: HC SC grills Baba Ramdev & Balkrishna in misleading ad case CBDT amends jurisdiction of Pr CCITs in many cities GST - Statutory mandate of sub-section (4) of Section 75 is that a personal hearing should be provided either, if requested for, or if an order adverse to the taxpayer is proposed to be issued: HC CCI invites proposal for launching Market Study on AI and Competition GST - Documents with regard to service of notice could not be located; that impugned orders came be to be passed without an opportunity being granted to Petitioner to submit documents and being heard - Matter remanded: HC India initiates anti-dumping duty probe against import of Telescopic Channel drawer slider from China AFMS, Delhi IIT ink MoU for collaborative research & training CX - The activity of waste water treatment is part of manufacturing activity and any activity which is directly or indirectly in relation to manufacture would be eligible for credit: CESTAT DoP&T notifies fixation of Himachal IPS cadre strength and amendment in pay rules India, Cambodia ink MoU for HRD in Civil Service Bengaluru Airport Customs seizes 10 yellow anacondas from check-in baggage ST - Appellant has collected some service tax from service recipient, which has been deposited with Department, same shall not be refunded to appellant: CESTAT Delhi daily air traffic goes beyond 4.7 lakh pax Govt organizing National Colloquium on Grassroots Governance 2 Telangana students killed in road accident in US I-T- Addl. Commr. or above ranking officer to probe how I-T portal reflected demand being raised against assessee, despite Revenue not having issued any notice or passed any order against assessee: HC Another tremor of 6.3 magnitude visits Taiwan; shakes tall buildings I-T- Donations given out of accumulated funds u/s 11(2) are not allowable as application of income for charitable or religious purposes and the same shall be deemed to be income of assessee : ITAT You are arrogant Mr Musk, says Australian PM over Sydney stabbing video ban United Health reports theft of huge Americans’ data I-T - Travelling conveyance expenses should be disallowed to extent of bills which were not verifiable and have no nexus with business of assessee: ITAT Earth Day: Biden announces USD 7 bn grant for rooftop solar panels OECD to release annual report on Tax Inspectors without Borders on April 29 EU introduces easy Schengen Visa rules for Indians I-T- Leasehold rights in land are not within purview of section 50C of Act : ITAT


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New Delhi, July 05, 2014 Global food prices declining but it's rising in India; FM for system to anticipate price rise

New Delhi, July 04, 2014 I-T - Whether when assessee had transferred property but sale deed was prevented from being excuted by legal tangles, any investment made out of capital gains from such sale can be allowed Sec 54 benefits - YES: SC

Mumbai, July 04, 2014 CX - Duty demanded on Cigarettes at higher rates by retro application of FA, 2012 - Provisional Collection of Taxes Act does not provide for recovery of any dues when rates are amended upwards subsequent to introduction of bill - Stay granted: CESTAT

Mumbai, July 04, 2014 Income tax - Whether initiation of reassessment proceedings cannot be faulted with if there is evidence indicating less than full and true disclosure of facts during normal assessment - YES: HC

Mumbai, July 04, 2014 CENVAT - Appellant taking credit on inputs purchased by job workers without receiving goods in premises was provided by erstwhile CER, 1944 - similar provision is implied from rule 4(5)(a) inasmuch as if final products are allowed from job worker's premises it implies job worker could procure part of inputs needed for manufacturing: CESTAT

Mumbai, July 04, 2014 ST - BAS - Applicants acting as agent on behalf of cane growers for providing service to sugar factory - activity undertaken by agent in relation to sale & purchase of agri produce is exempted as per Notifn no. 13/03 - stay granted: CESTAT

Mumbai, July 03, 2014 ST - Booklet titled 'Lifesaver' brought out by appellant gives benefits of yoga and also lists names of 20 asanas which were being taught in institution - appellants are clearly providing service as covered under 'Health and fitness service' - Appeals dismissed: CESTAT

Mumbai, July 03, 2014 Refund of SAD - Condition 2(b) of Notifn no 102/07, requiring endorsement that no credit of SAD shall be admissible is merely procedural - purpose of such endorsement could be achieved when duty element itself was not specified in invoice: CESTAT Larger Bench

Mumbai, July 03, 2014 CENVAT - Appellant, a manufacturer of excisable goods taking credit of tax paid on services used in Trading - question of taking credit on input service and its utilization thereof cannot be permitted at all prior to 01.04.2011 - Pre-deposit ordered: CESTAT

New Delhi, July 03, 2014 Income tax - Whether when assessee suo motu makes certain disallowance as per Rule 8D, further disallowance as per Sec 14A is warranted - NO: ITAT

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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.

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April 23, 2024

TP- AO does not have the jurisdiction to propose any transfer pricing adjustment in case where he has not made any reference to the TPO: ITAT

April 23, 2024

TP - Adjustment made to interest rate by treating Letter of Credit as bank guarantee cannot be accepted: ITAT

April 23, 2024

PMLA - Applicant is not entitled for grant of anticipatory bail u/s 45 of PMLA as Court does not find any reasonable ground to believe that applicant is not guilty of crime : HC

April 23, 2024

SARFAESI Act - Petition has been filed to overreach recovery proceedings, wherein Petitioners have been found to be liable to pay certain amount so as to circumvent provisions of statutory appeal : HC

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