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Jio turns world’s top telco in terms of data traffic India takes part in 'Institutionalization of SMART Government for Improving Service Delivery' in London Gadkari faints during campaign; Heat takes toll on his health 'Sunflowers were the first ones to know' - film by FTII student selected at Cannes SARFAESI Act - Award of interest on auction money at rate applicable to fixed deposits is not a correct view and rate of interest deserves to be enhanced: SC (See 'TIOLCorplaws')ST - Chit Funds - Tax was not paid under mistake of law but upon demand by tax authorities - Refund not having been filed within time was rightly rejected: HC SC asks EC to submit more info on reliability of EVMs GST - Without considering reply on merits, proper officer has held that reply is unsatisfactory and, therefore, he is left with no alternative but to create demand - Order set aside: HC GST - Cancellation of registration retrospectively - Show Cause Notice and the impugned order are bereft of any details, accordingly the same cannot be sustained: HC GST - Registration could not have been cancelled retrospectively for the period for which returns were filed and taxpayer was compliant: HC GST - Notfn 11/2017-CTR amended by 03/2022 - Work contracts executed before 18 July 2022 - Petitioners should file refund claims before respondent agitating grievance and same be examined and orders passed within 4 months: HC Italy imposes USD 10 mn fine on Amazon for unfair business practices GST - Entire tax liability has been realised by appropriating the amount from the petitioner's bank account, therefore, Revenue interest stands fully secured - Since tax proposal was confirmed without participation of petitioner, order set aside and matter remanded: HC Caste Census is my mission, says Rahul Right to Sleep - A Legal lullaby US warns Pak of punitive sanctions against trade deal with Iran I-T- Income surrendered before approaching Settlement Commission not covered u/s 115BBE, where this provision did not exist during relevant AYs: HC Chinese companies decry anti-subsidy probe by EU I-T- Entire interest expenditure is allowable as deduction if loan funds is not diverted for non-income earning activities/personal purposes : ITAT UK to send military aid package worth USD 619 mn to Ukraine US regulator bans non-compete agreements by employees Air India, Nippon Airways join hands for travel between India and Japan SC grills Baba Ramdev & Balkrishna in misleading ad case


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Lyon, May 18, 2014 Police, Customs seize fake goods worth USD 27 mn in 600 raids

New York, May 17, 2014 People now living longer; A girl born in 2014 can live 73 yrs and a boy for 68 yrs: World Health Statistics

Bangalore, May 17, 2014 CENVAT - ST paid on Group Health Insurance for family of employees can in no way be held to be relatable to business of manufacture of an assessee: CESTAT

Jaipur, May 16, 2014 Income tax - Whether when Ruler of Palace rents out part of palace which he occupies as official resident, such income is to be included in his total income - NO, exemption u/s 10(19A) is available: HC Larger Bench

Mumbai, May 16, 2014 ST - Retro exemption - s.97 & s.98 - Maintenance of greenery on road divider is apparently covered under maintenance or repair of roads - so also, garden at Raj Bhavan forms a part of government building: CESTAT

Kolkata, May 16, 2014 Invoices issued, but goods not cleared - Tribunal stays penalty of Rs 18 Cr imposed under Rule 25 of Central Excise Rules, 2002

New Delhi, May 16, 2014 Income tax - Whether interest on account of default in making tax payment is to be calculated with reference to date of first assessment order and not with date of an order passed in remand - YES: ITAT

Mumbai, May 16, 2014 Cus - As no Bill of Entry was filed appellants cannot be held to be importers of impugned goods - so also, to finance an importer does not make appellants importer of goods - Penalty not imposable: CESTAT

Mumbai, May 15, 2014 CENVAT - CA certificates have been furnished certifying that cost of services availed forms part of AV - if Revenue does not want to rely on certificates, they can conduct special audit - Matter remanded: CESTAT

Mumbai, May 15, 2014 CENVAT - Contentions cannot be seen in isolation and by breaking up demand at prima facie stage - Tribunal while ordering pre-deposit has held that interest of both sides need to be protected - appeal dismissed: High Court

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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

April 24, 2024

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April 24, 2024

PMLA - Considering money trail and involvement of applicant in crime he is not entitled for anticipatory bail : HC

April 24, 2024

Competition Act - Informant has neither referred to any particular agreement nor provided any document which suggest existence of anti-competitive agreement : CCI

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