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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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Allahabad, May 08, 2014 I-T - Whether when computation of book profits is done u/s 115JB, no penalty is warranted even if assessee made false claim of depreciation - YES: HC

Mumbai, May 08, 2014 ST - Mandap keeper - Appellant avails input credit & also claims abatement - when they came to know that credit cannot be availed they stopped taking it - appellant should have reported to Revenue - since that was not done, malafide intention is proved: CESTAT

New Delhi, May 08, 2014 CX - Making of corrugated boxes from craft paper - amounts to manufacture - not liable to ST - Order passed by Addl Commissioner shows his total ignorance to Central Excise Law : CESTAT

New Delhi, May 07, 2014 Sales tax vs Service tax - Whether manufacture, erection, installation and commissioning of lift at customer's premises constitute 'sale' - No, it's Works Contract; Supreme Court Constitution Bench overrules Larger Bench decision

New Delhi, May 07, 2014 CENVAT - Rule 6 - inputs used in manufacture of dutiable & exempted final products - Payment of 8%/separate accounts not applicable for by-products: SC

Allahabad, May 07, 2014 I-T - Whether in absence of satisfaction note recorded by AO of searched person, proceedings initiated u/s 153C is without justification - YES: HC

New Delhi, May 07, 2014 ST - If services have not been received and payment made for said services had been adjusted between Indian and Amsterdam Company, said corresponding value of services would not be liable to Service Tax: CESTAT

Mumbai, May 07, 2014 CENVAT - Floor sweepings arising during course of manufacture of biscuits are waste for appellant - no cause for reversal of CENVAT or payment of duty on floor sweepings: CESTAT

Mumbai, May 07, 2014 DEPB Scheme - FOB value on invoices shown as 400-500 % of ARE-1 value - Normally, proforma invoice will indicate higher value & after negotiation final price would be less than invoice - No business man will enter into such deal - Such a thing can only be in fraud case: CESTAT

New Delhi, May 06, 2014 Income tax - Whether when assessee-manufacturer is engaged in exports of a particular item, receipt from sale of scrap is also includible in total turnover for purpose of Sec 80HHC benefits - NO: Supreme Court

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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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