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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 Israel-Iran War: A close shave for Global Economy but for how long?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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Ahmedabad, April 10, 2014 Income tax - Whether profits from mere sale of open land or unused FSI as part of housing project where FSI utilization is way short of permissible limits can be said to have been derived from such project u/s 80IB(10) - NO: High Court

Chennai, April 10, 2014 Cus - Inclusion of software in value of hardware for payment of Customs duty � High Court reduces pre-deposit from total duty to 50% - When there were two divergent views of Tribunal, proper procedure is to refer matter to Larger Bench

New Delhi, April 10, 2014 Stock Broker service - Delayed Payment Charges recovered from clients are not includable in Taxable value: CESTAT

Chennai, April 10, 2014 Income tax - Whether provisions of Sec 40A(9) would hit on mere making of provision for retirement benefits to employees - NO: Madras HC

Nanital, April 10, 2014 Refund of unutilized CENVAT credit - Tribunal not granting interest on ground that credit lying in account was not duty used by department - while dealing with interest on refund in Sec 11BB no distinction has been made between such credit and any other duty referred to in first proviso to 11B(2) - matter remanded: HC

Mumbai, April 09, 2014 ST - Union Bank of India case - Taxable event insofar as service tax is concerned is rendering of service - Revenue appeal dismissed: CESTAT

Hyderabad, April 09, 2014 Refund - Unjust enrichment - Reduction in price after clearing goods due to discounts - Addison & Co case is still relevant - AP High Court allows refund

Allahabad, April 09, 2014 Income tax - Whether, for purpose of Sec 80IA, the expression 'manufacture or production' also includes 'processing' in its ambit - NO: High Court

New Delhi, April 09, 2014 CX - machines found in godown plugged into electric socket but with motor missing - whether Unmanufactured Chewing Tobacco can be deemed to have been manufactured - Matter referred to Third Member: CESTAT

Paris, April 08, 2014 Development aid reached highest ever to USD 135 bn in 2013, says OECD Study

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Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.

April 25, 2024 | New Delhi

TRAI recommends on Infra Sharing, Spectrum Sharing & Spectrum Leasing

April 25, 2024 | New Delhi

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Health Secy visits Bilthoven Biologicals, discusses production of Polio Vaccine

April 24, 2024 | New Delhi

India takes part in 'Institutionalization of SMART Government for Improving Service Delivery' in London

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Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

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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