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Govt appoints New Directors for 6 IITs 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 Nexus between Election Manifesto and Budget 2024 in July!GST - Tax liability was imposed because petitioner replied without annexing documents - It is just and appropriate that an opportunity be provided to contest tax demand on merits, albeit by putting petitioner on terms: HC 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 GST - Petitioner has failed to avail opportunities granted repeatedly - Court cannot entertain request for remand as there has been no procedural impropriety and infraction of any provision by assessing authority: HC GST - Classification - Matter which had stood examined by Principal Commissioner is being treated differently by Additional Commissioner - Prima facie , approach appears to be perverse: HC I-T- Denial of deduction u/s 80IC can create perception of genuine hardship, where claimant paid tax in excess of what was due; order denying deduction merits re-consideration: HC Israel launches missile attack on Iran EC holds Video-Conference with over 250 Observers of Phase 2 polls Germany disfavours Brazil’s proposal to tax super-rich I-T- If material found during search are not incriminating in nature AO can not made any addition u/s 153A in respect of unabated assessment: ITAT Govt appoints Dinesh Tripathi as New Navy Chief AFMS, IIT Kanpur to develop tech to address health problems of soldiers FBI sirens against Chinese hackers eyeing US infrastructure Kenya’s top military commanders perish in copter crash CBIC notifies Customs exchange rates w.e.f. April 19, 2024 Meta shares ‘Most Intelligent’ AI assistant built on Llama model Dengue cases soaring in US - Close to ‘Emergency situation’: UN Agency


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Chennai, January 30, 2014 CX - CENVAT Credit - Suo motu credit of wrongly debited amount - No refund Claim required - Credit by assessee upheld: High Court

Ranchi, January 30, 2014 Income tax - Whether, for purpose of assessment of undisclosed income, loose papers seized during Search have any evidentiary value - YES, rules HC

Bangalore, January 30, 2014 Service Tax - chemical analysis and furnishing test results for pesticides - whether covered within ambit of Service Tax - Tribunal order without application of mind and without considering facts - Matter Remanded: High Court

Mumbai, January 30, 2014 CX - HSD cleared to IOCL which in turn supplied same to Indian Navy for consumption on board naval vessels - Exemption under Notf. 64/95 cannot be allowed to indirect supplies - Amending Notf. 37/2007 is prospective in nature - Demands upheld but penalty set aside: CESTAT

Mumbai, January 29, 2014 ST - Appellant providing premises & manpower supply to conduct business - sum received not chargeable to ST under BAS - Prima facie activity is one of renting of immovable property - matter remanded: CESTAT

Chennai, January 29, 2014 Income tax - Whether when unremitted export sales is excluded from export turnover, same should also be excluded from total turnover for purpose of Sec 10A benefits - NO: Madras HC

Mumbai, January 29, 2014 CX - Assembly of duty paid parts of furniture, whether amounts to manufacture - supplier paid duty under Heading 9403 which covers 'Other furniture' - assessee only assembling parts at site - no manufacture involved: CESTAT

New Delhi, January 28, 2014 ST - Table Space provided by Auto Dealers to representatives of FIs in premises and payment is received for that singular activity - such sum may perhaps constitute rent - it is not BAS : CESTAT Larger Bench

Bangalore, January 28, 2014 Income tax - Whether in case of TDS default by assessee, criminal prosecution can be launched independent of recovery proceedings - YES: HC

New Delhi, January 28, 2014 CX - Rule 8(3A) - Default in payment of duty - whether payment through CENVAT is permissible during default - whether penalty of Rs 5000 u/r 27 is sufficient - whether penalty is imposable u/r 25 for fraud committed although not invoked - Matter referred to Third Member: CESTAT

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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 19, 2024 | New Delhi

EC holds Video-Conference with over 250 Observers of Phase 2 polls

April 19, 2024 | New Delhi

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April 2024 Edition

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

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

April 19, 2024

DTAA - Payment received on account of subscription, professional and training services cannot be deemed to be Fees for Technical service and be taxed as Royalty, where no technical know-how is made available: ITAT

April 19, 2024

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

April 19, 2024

PMLA - Application for anticipatory bail can be rejected as there is failure on part of applicant to appear before trial Court despite service of bailable warrant : HC

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