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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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Mumbai, April 23, 2014 CX - Sum claimed as refund is not shown as 'receivables' in books and same were expensed out in P&L a/c - Claim hit by unjust enrichment: CESTAT

Mumbai, April 22, 2014 ST - BAS provided to foreign clients - When RBI permits that remuneration towards services provided can be received in Indian Rupees through FIRC, in that situation it cannot be said that services are not exports -Stay petition dismissed: CESTAT

New Delhi, April 22, 2014 Settlement - Even in cases where there is notice u/s 124 of Customs Act, which does not propose customs duty, applicant must self-assess liability and pay such amount as pre-condition - Petition dismissed: High Court

New Delhi, April 22, 2014 ST - Construction Service - Revenue cannot be allowed to receive service tax twice in respect of same construction activities, once from contractor and second time from person who has collected same: CESTAT

New Delhi, April 22, 2014 Income tax - Whether when serious irregularities are pointed out in Special Audit Report and fact that assessee was also given opportunities to inspect records seized during Search but it did not avail it, penalty is inescapable consequence in such a case - YES: Delhi HC

New Delhi, April 22, 2014 Kerala General Sales Tax Act - sale by brand name holder or trade mark holder to be first sale for purpose of Sec 5(2): Supreme Court

New Delhi, April 21, 2014 VAT - Surgical cotton is separately identifiable and distinct commercial commodity manufactured out of raw cotton and, therefore, ceases to be cotton under Entry 16 of said notification - For AY 1992-93, activity is manufacture and is liable to be taxed afresh: SC

New Delhi, April 21, 2014 Cus - Refund of SAD under Notification 102/2007 - Amendment made vide Notification No 93/2008 inserting limitation cannot be applied retrospectively: HC

Mumbai, April 21, 2014 ST - Leveling of area and preparing of courtyards and water fall around lake & maintenance of plants cannot be considered as advisory or consultancy or technical assistance so as to be charged to ST under category of Interior Decorator: CESTAT

New Delhi, April 21, 2014 Income tax - Whether Delhi Sikh Gurudwara Committee has powers to create a Trust or Society to run a hospital, eligible for exemption u/s 12A - NO: Delhi HC

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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

I-T- DTAA does not get triggered at all when a domestic company pays DDT u/s 115-O of the Act : ITAT

April 25, 2024

IBC - Even if CIRP commences, Directors, who are incharge of affairs of Company cannot be absolved of any wilful default committed by borrower Company : HC

April 25, 2024

SARFAESI Act - Writ petition can be disposed of as infructuous as one time settlement has been entered into between parties : HC

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