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India-bound oil tanker struck by Houthi’s missiles in Red Sea RBI issues draft rules on digital lending CRPF senior official served notice of dismissal on charges of sexual harassment Columbia faculty blames leadership for police action against protesters Google to inject USD 3 bn investment in data centre in Indiana UN says clearing Gaza mounds of rubble to take 14 yrs Blinken says China trying to interfere US Presidential polls World Energy Congress 2024: IREDA CMD highlights need for Innovative Financing Solutions Voter turnout surpasses 50% by 4 PM in Phase 2 polls XI tells Blinken - China, US ought to be partners, not rivals ST - SVLDRS, 2019 - Amnesty Scheme, being of the nature of an exemption from the requirement to pay the actual tax due to the government, have to be considered strictly in favour of the revenue: HC Cus - Smuggling - A person carrying any article on his belonging would be presumed to be aware of the contents of the articles being carried by him: HC Cus - Keeping in mind the balance of convenience and irreparable injury which may be caused to Revenue, importer to continue indemnity bond of 115 crore and possession of confiscated diamonds to remain with department: HC Cus - OIA was passed in October 2022 remanding the matter to adjudicating authority but matter not yet disposed of - Six weeks' time granted to dispose proceedings: HC I-T - High Court need not intervene in matter involving factual issues; petitioner may utilise option of appeal: HC China asks Blinken to select between cooperation or confrontation I-T - Unexplained cash credit - additions u/s 68 unsustainable where based on conjecture & surmise alone: ITAT


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New Delhi, August 21, 2018 Income Tax - Claim for 100% deduction for 10 years, on grounds of substantial expansion, defeats purpose behind offering deduction u/s 80IC: SC

Allahabad, August 21, 2018 I-T - Collection of Tahbazari by licencee is not collection of toll and doesn't attract TCS: HC

Mumbai, August 21, 2018 ST - Issue of Kimberley Process certificate is a mandatory and statutory function and does not constitute provision of taxable service: CESTAT

Mumbai, August 21, 2018 I-T - Gross delay in seeking extraordinary writ remedy need not be entertained, unless backed by adequate reasons and absence of negligence on part of litigant: HC

New Delhi, August 21, 2018 CX - Though respondent retained a part of value of services, however, no part of service tax reflected in invoices was ever retained - CENVAT credit of service tax has to be allowed in full: CESTAT

Chennai, August 20, 2018 ST - Respondent cannot take shelter under a faulty software programme when they themselves handled system - Penalty u/s 78 of FA, 1994 wrongly set aside by CESTAT: High Court

New Delhi, August 20, 2018 I-T - Once trademark acquired is used for selling products, its eligibility for depreciation cannot be questioned, simply because trademark is not put to use for manufacturing activities: HC

Bangalore, August 18, 2018 ST - Tribunal has relied upon speech of Finance Minister for holding that assessee was not liable to pay tax without discussing relevant provisions of law/notifications - Matter remanded: HC

Chandigarh, August 18, 2018 I-T - Exemption u/s 10(23C)(iv) can be claimed only to the extent of actual income and not for accumulated income: ITAT

Mumbai, August 17, 2018 Cus - Imported goods sold at higher MRP after clearance by altering RSP - whether demand can be made of differential CVD or CE duty by treating activity as manufacture - Difference in Opinion: CESTAT

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