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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 Honda to set up USD 11 bn EV plant in Canada I-T - Re-assessment is invalid where based only on a suspicion that income escaped assessment & where not based on concrete reasons to believe for commencing such proceedings : ITAT Imran Khan banned from flaying State Institutions I-T - Income from sale of flats cannot be computed in assessee's hands, where legal possession of flats had not been handed over to buyers in that particular AY: ITAT Pro-Palestine demonstration spreads across US universities; 100 arrested I-T - Investment activities in venture capital which are not covered in negative list under Schedule III to SEBI Regulations, qualifies for deduction u/s 10(23FB): ITAT NATO asks China to stop backing Russia if keen to forge close ties with West Cus - When Department has not complied with time limit, the order issued for revocation of licence or order issued for continuation of suspension licence cannot sustain: CESTAT NY top court quashes conviction of Harvey Weinstein in rape case Weather prediction normal for phase 2 poll day IndiGo orders 30 Airbus A350s for long hauls ST - Appellant is an 'authorised medical practitioner' providing 'healthcare services' - services exempted in terms of clause 2(i) of notification 25/2012-ST: Commr(A)RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimes REC avails SACE-Covered Green Loan for 60.5 Billion Japanese Yen Study finds Coca-Cola accounts for 11% of branded plastic pollution worldwide Cus - 'Small Form-factor Pluggable Optical Transceivers' are classifiable under CTH 8517 7090 and not under CTH 8517 62 90 - entitled for benefit of duty concession under 57/2017-Cus: CESTAT DoNER discusses Development of Tourism in North East CX - Appellant is eligible for exemption under Notfn 12/2012-CE upon fulfilling all conditions stipulated therein, thus sufficiently establishing that goods dealt with by Appellants qualify for exemption: CESTAT


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Chennai, August 17, 2018 If the enactment is expressed in language, which is fairly capable of either interpretation, it ought to be construed as prospective only: High Court

Allahabad, August 16, 2018 Income Tax - Both ACIT as well as JCIT are competent officers for sanctioning issue of notice u/s 148: HC

New Delhi, August 16, 2018 I-T - Factual findings of Tribunal do not become redundant merely because some alternative conclusion can be drawn: HC

Mumbai, August 16, 2018 ST/CUS/CX - Constitution of Larger Bench - There is no enabling provision that empowers Central Government to delegate powers of President on any of Members of Tribunal: LB by Majority

New Delhi, August 16, 2018 I-T - Approval as 'Industrial Park' u/s 80IA cannot be withdrawn for alleged reduction in building area when in fact no minimum area is prescribed in law: HC

Chennai, August 16, 2018 CX - CENVAT Credit of Basic Excise Duty can be utilized for payment of EC & SHE Cess as they are 'duties of excise': CESTAT

Ernakulam, August 15, 2018 VAT - Existence of 'mischief' in words of statute is sine qua non for applying Heydon's Rule; is inapplicable where meaning is clearly discernible: HC

Mumbai, August 14, 2018 CX - Grant of loan by private limited company to one of its share holders for creating a proprietary unit - whether clearances are to be clubbed for purpose of SSI exemption: CESTAT

Mumbai, August 14, 2018 I-T - Sec 80IB benefits cannot be claimed on contract manufacturing without having control over it: HC

Ernakulam, August 14, 2018 Wealth Tax - Cash-in-hand kept by proprietary firm being assessable unit is not taxable as 'assets' u/s 2(ea)(vi) when required disclosure was made in its books of accounts: HC

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