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IndiGo orders 30 Airbus A350s for long hauls Filing of Form 10A & 10AB: CBDT extends due date to June 30 RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimes CPGRAMS recognized as best practice in Commonwealth Secretaries of public service Israel-Iran War: A close shave for Global Economy but for how long?KABIL, CSIR ink MoU for Advancing Geophysical Investigations I-T - If income from stock-in-trade are held as investments, then provisions of section 14A would apply to such income: ITAT TRAI recommends on Infra Sharing, Spectrum Sharing & Spectrum Leasing I-T- Revisionary powers u/s 263 can't be exercised when AO has neither assumed facts incorrectly nor there is incorrect application of law : ITAT Technology Board okays funding of Dhruva Space's Solar Array Project I-T- Issue of interest is debatable issue on which two views are possible and AO accepted one of views for which PCIT cannot assume revisional jurisdiction: ITAT Health Secy visits Bilthoven Biologicals, discusses production of Polio Vaccine I-T - Estimation of profit element from purchases should be done reasonably if assessee could not conclusively prove that purchases made are from parties as claimed, in absence of confirmations from them: ITAT Study finds Coca-Cola accounts for 11% of branded plastic pollution worldwide I-T- Triplex flats purchased are interconnected and can be considered as 'a residential unit'' as per definition of section 54F of Act : ITAT Delhi HC says conspiracy against PM is a crime against State I-T- AO omitted to probe issue of cash payments made over specified limit; revisionary power u/s 263 is rightly exercised: ITAT Brazil makes new rules to streamline consumption taxes I-T-Power of revision unnecessarily exercised where AO had no scope to examine creditworthiness & genuineness of assessee's creditors: ITAT Biden signs rules mandating airlines to give automatic refunds for delayed or cancelled flights I-T-As per settled law, in absence of enabling powers, no disallowance can be made : ITAT BYD trying to redefine luxury for new EV variants GST - On the one hand, the order states registration is liable to be cancelled retrospectively and on the other hand mentions that there are no dues - Order modified: HC SC asks EC to submit more info on reliability of EVMs Right to Sleep - A Legal lullaby


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New Delhi, April 30, 2014 CX - Sec 11D has not been made retrospective expressly � even if a sum recognized u/s 11D had been collected a day prior to 20.09.1991 same not to be recovered u/s 11D as said provision came into effect only on 20.09.1991: HC

New Delhi, April 29, 2014 CX - Main appellants have settled dispute before Settlement Commission and have not been vested with any penal liability - in such a scenario whether imposition of penalties on present appellants who are only charged with colluding is justified - Difference of Opinion - matter referred to TM: CESTAT

Mumbai, April 29, 2014 Cus - It is well settled that date of entry inwards is date recorded as such in Customs Register and since in present case, application for date of entry inwards as also grant of entry inwards was on 01/03/2001, therefore, rate of duty that would apply is rate prevalent on 01/03/2001 - demand upheld: CESTAT

Ahmedabad, April 29, 2014 I-T - Whether when assessee makes a payment of Rs 20,000/- and above by crossed cheque but fails to add the word a/c payee only, such expenditure warrants disallowance u/s 40A(3)(a) - YES: HC

Mumbai, April 29, 2014 CX - Refund - if claimant himself has treated refund amount due as 'expenditure' and not as 'claims receivable', claimant cannot be said to have passed test of unjust enrichment: CESTAT

Mumbai, April 28, 2014 Cus - Whether u/s 112(a) of Customs Act, 1962 simultaneous penalties can be imposed on both Partner and Partnership firm - Matter referred to Larger Bench: High Court

Ahmedabad, April 28, 2014 CX - Duty paid on Zinc Dross by supplier would not partake character of excise duty, however, when Department did not dispute classification of such supplier manufacturer and accepted duties, CENVAT credit cannot be denied: HC

Mumbai, April 28, 2014 ST - Foreign parties requisitioning services of appellant to provide import-worthiness certificates of sample goods in India - consideration for such services paid in forex is not liable to ST: High Court

Jaipur, April 28, 2014 Income tax - Whether any disallowance u/s 40A(2) is warranted even assessee proves higher payment of salary to one of its key employees running critical business operations - NO: HC

New Delhi, April 28, 2014 Cus - FTP - Import of Digital Multifunction printing and photocopying machines prior to 6.6.2012 - whether licence required for importation - Matter referred to Third Member: CESTAT

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