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Jio turns world’s top telco in terms of data traffic India takes part in 'Institutionalization of SMART Government for Improving Service Delivery' in London Gadkari faints during campaign; Heat takes toll on his health 'Sunflowers were the first ones to know' - film by FTII student selected at Cannes SARFAESI Act - Award of interest on auction money at rate applicable to fixed deposits is not a correct view and rate of interest deserves to be enhanced: SC (See 'TIOLCorplaws')ST - Chit Funds - Tax was not paid under mistake of law but upon demand by tax authorities - Refund not having been filed within time was rightly rejected: HC SC asks EC to submit more info on reliability of EVMs GST - Without considering reply on merits, proper officer has held that reply is unsatisfactory and, therefore, he is left with no alternative but to create demand - Order set aside: HC GST - Cancellation of registration retrospectively - Show Cause Notice and the impugned order are bereft of any details, accordingly the same cannot be sustained: HC GST - Registration could not have been cancelled retrospectively for the period for which returns were filed and taxpayer was compliant: HC GST - Notfn 11/2017-CTR amended by 03/2022 - Work contracts executed before 18 July 2022 - Petitioners should file refund claims before respondent agitating grievance and same be examined and orders passed within 4 months: HC Italy imposes USD 10 mn fine on Amazon for unfair business practices GST - Entire tax liability has been realised by appropriating the amount from the petitioner's bank account, therefore, Revenue interest stands fully secured - Since tax proposal was confirmed without participation of petitioner, order set aside and matter remanded: HC Caste Census is my mission, says Rahul Right to Sleep - A Legal lullaby US warns Pak of punitive sanctions against trade deal with Iran I-T- Income surrendered before approaching Settlement Commission not covered u/s 115BBE, where this provision did not exist during relevant AYs: HC Chinese companies decry anti-subsidy probe by EU I-T- Entire interest expenditure is allowable as deduction if loan funds is not diverted for non-income earning activities/personal purposes : ITAT UK to send military aid package worth USD 619 mn to Ukraine US regulator bans non-compete agreements by employees Air India, Nippon Airways join hands for travel between India and Japan SC grills Baba Ramdev & Balkrishna in misleading ad case


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Mumbai, January 24, 2014 Cus - Tribunal has no authority to control functioning of Customs officer - if Adjudicating authority has not followed direction of Commr(A), remedy lies in taking up matter with Executive Commissioner: CESTAT

Bangalore, January 23, 2014 Income tax - Whether interest income arising out of deposits with banks and EEFC account is eligible for deduction u/s 10A - YES: HC

New Delhi, January 23, 2014 Haryana General Sales Tax Rules, 1975: Clubbing of units not permissible for availing exemption: Supreme Court

New Delhi, January 23, 2014 Forfeiture under Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 is not violative of Article 20: Supreme Court

Allahabad, January 22, 2014 Interest tax - Whether in case total amount of hire that hirer pays to assessee company exceeds price at which vehicle was purchased from dealer, excess can be termed as interest - YES: HC

Mumbai, January 22, 2014 Customs - Fraudulent drawback claimed by exporter - Overvaluation - appellant-bank has no role to play - No doubt there has been some negligence on part of HDFC Bank in not properly verifying export documents but omissions do not fall within scope of Sec 113(i): CESTAT

Mumbai, January 22, 2014 CX - Raw materials procured under exemption notification 1/95 diverted to DTA - appellants not disputing demand on merits - demands not time barred as they have been issued within five years from date of knowledge - Appeals dismissed: CESTAT

Ahmedabad, January 21, 2014 SEZ - Notification issued on 4.6.2007 for expansion of SEZ to include additional area will relate back to 19.4.2006 when first Notifn was issued - Demand of duty on goods cleared to additional area before second Notifn set aside - Tribunal by Majority

Ahmedabad, January 21, 2014 Income tax - Whether any adhoc disallowance of payment made u/s 40A(2)(b) to sister concern is warranted merely on basis that it was run by wife of Director of assessee company - NO: HC

Mumbai, January 21, 2014 ST - Appellant, an IITian rendered consultancy services in respect of metal development and received professional fees - such service cannot be termed as Market Research Agency Service: CESTAT

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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

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April 24, 2024

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April 24, 2024

Competition Act - Informant has neither referred to any particular agreement nor provided any document which suggest existence of anti-competitive agreement : CCI

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