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Musk defers India’s trip citing heavy Tesla obligations India needs to design legislative pills to euthanise tax-induced expatriation!I-T- Exercise of jurisdiction u/s 263 is invalid if AO has taken particular view, which though, may not be only view, but certainly can be possible view : ITAT Torrential rains cause havoc in Pakistan; 87 killed I-T- Additions framed on account of unexplained money upheld as assessee was unable to prove source of cash deposited in assessee's bank account : ITAT US imposes sanctions on 3 Chinese firms and one from Belarus for transfering missile tech to Pakistan CX - Appellant has regularly filed statutory returns on monthly basis and the fact of clearance of goods and availment of credit was duly reflected in returns but same has not been examined by authorities below, impugned order is not sustainable: CESTAT Dubai terribly water-logged as it has no storm drains ST - When services are received from separate source & accounted separately in separate ledgers, there cannot be any question of clubbing them under one category: CESTAT EU online content rules tightened against adult content firms Cus - The continuous suspension of license of Customs Broker without either conducting an inquiry or issuing a notice for revocation of license or imposition of penalty is bad in law and needs to be set aside: CESTAT EV market cools off in US; Ford, GM eyeing gas-powered trucks Apple China tosses out WhatsApp & Threads from App store after being ordered China announces launch of new military cyber corps Railways operates record number of additional Trains in Summer Season 2024 GST - Assessing officer took into account the evidence placed on record and drew conclusions - Bench is, therefore, of the view that petitioner should present a statutory appeal: HC 1st phase polling - Close to 60% voter turnout recorded Ministry of Law to organise Conference on Criminal Justice System tomorrow GST - To effectively contest the demand and provide an opportunity to petitioner to place all relevant documents, matter remanded but by protecting revenue interest: HC Govt appoints New Directors for 6 IITs Nexus between Election Manifesto and Budget 2024 in July!Israel launches missile attack on Iran EC holds Video-Conference with over 250 Observers of Phase 2 polls


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Chennai, April 21, 2014 Inter-unit transfer of excisable goods consumed by recipient unit for further manufacture and clearance of goods to its own units � Valuation � Whether cost of material is 100% or 115%/110% - Matter referred to LB in view of conflicting views between Mumbai and Chennai Benches

Allahabad, April 20, 2014 No fee is payable in filing appeals before CESTAT relating to refund of ST, CX & Customs - No error in order of Tribunal: High Court

New Delhi, April 20, 2014 Bihar Finance Act - Exemption from payment of sales tax on purchase of raw materials directly used for manufacturing finished goods: definition of 'Manufacture' is wide enough to cover production, extracting, altering, finishing or otherwise processing of the raw materials: Supreme Court

Kolkata, April 20, 2014 To qualify as Export Duty, it is not necessary that incidence of duty should always be passed on, so as to satisfy economists' principle of Tax - no merit in plea that FOB price be treated as cum-duty price and not transaction value: CESTAT

Mumbai, April 19, 2014 Cus - in case neither goods are available nor they were released under any bond, although goods are liable for confiscation, Redemption Fine cannot be imposed - Revenue appeal dismissed: CESTAT

New Delhi, April 19, 2014 UP Trade Tax - transformer purchased at concessional rate of tax falls under category of 'accessories and component parts' for use in manufacture of notified goods: Supreme Court

Mumbai, April 19, 2014 Cus - No factual error committed by Tribunal while dismissing COD application - excuse offered by appellant that nobody was aware of pendency of appeal after Asstt. CS resigned from company is only an afterthought - ROM dismissed: CESTAT

Tokyo, April 18, 2014 As many as 86 Countries approve New OECD Guidelines on applying National VAT to cross-border transactions

Mumbai, April 18, 2014 ST - FIPL is only a Bottling Unit, supplying beer - sale is also being made to appellant or to its Indenters - Thus, appellant has neither provided any Franchise Service nor any IPR to FIPL - demands set aside: CESTAT

Mumbai, April 18, 2014 CX - Appellant misrepresented facts before HC by stating that they had taken plea of financial hardship before Tribunal when facts were otherwise - Tribunal cannot assume financial hardship - Such conduct is highly improper: CESTAT

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April 19, 2024

I-T- Onus of establishing receipt of services from Associated Enterprise has to be discharged on year to year basis by assessee company: ITAT

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Companies Act - Charges of professional misconduct in SCN are proved for which monetary penalty can be imposed : NFRA

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