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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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Kolkata, May 27, 2014 Income tax - Whether reassessment of escaped income without any express finding or direction can be made under explanation (2) to Sec 153(3) - YES: HC

Ahmedabad, May 27, 2014 Cus - Export of Basmati Rice - DGFT notification only requires that grain of rice to be exported should conform to specification of average length and ratio of length to breadth - holding that sample has failed ad-mixture content as per Agmark norms is not condition warranted: CESTAT

Kolkata, May 27, 2014 CX - Pre-deposit - against total outstanding dues of 5.9 Crs, pre-deposit of Rs 8,53,502 would meet ends of justice - said amount ordered as pre-deposit is around 1.44% of total dues and 3.32% of total duty & would not result in any undue hardship: CESTAT

Allahabad, May 26, 2014 ST - Appellant providing training and coaching to individuals in field of flying of aircraft for obtaining CPL from DGCA - Activity not liable to ST under Commercial Training or Coaching Services: High Court

Ernakulam, May 26, 2014 ST - A motor vehicle has several parts and if only part of vehicle requires maintenance, can it be said that it is not maintenance or repair?- No, says HC

New Delhi, May 26, 2014 CX - Rebate - Assessee clearing goods for export & later paying duty with interest - rebate claim rejected on ground that goods ought to have been exported after payment of duty - Mandatory conditions for availing of rebate cannot be waived on any equitable consideration: HC

New Delhi, May 26, 2014 CENVAT Credit - Input Services - any service having nexus with business of manufacture which has been used by manufacturer would qualify as an input service - CESTAT

New Delhi, May 26, 2014 CX - Revenue finding tobacco products in godowns owned by pvt persons and alleging clandestine manufacture - there is virtually no evidence lending any credence to said allegation - not sustainable: CESTAT

Bangalore, May 26, 2014 Income tax - Whether any expenditure incurred on acquiring right to use database can be treated as akin to acquring capital asset - NO: HC

Lyon, May 25, 2014 WCO, INTERPOL Drive in 111 countries lead to seizure of fake & dangerous medicines worth USD 36 mn and arrest of 237 persons

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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

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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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