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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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New Delhi, January 10, 2014 Income tax - Whether Sec 54F benefit is not available merely because assessee had initiated construction of house property before sale of shares - NO: Delhi HC

Mumbai, January 10, 2014 ST - Appellant takes registration but does not pay tax nor files returns - 3 yrs later they started paying ST for period 2002 onwards with interest - penalties u/s 76 & 77 justified - penalty u/s 78 imposable to extent there has been a default in paying ST: CESTAT

Mumbai, January 09, 2014 ST - CENVAT - Rule 2(l) - By no stretch of imagination can events conducted by Event Management Co and buying & supplying movie tickets to woo customers be considered as promotion of business activities of bank - prima facie not an Input Service: CESTAT

Allahabad, January 09, 2014 Income tax - Whether while granting administrative approval u/s 158BG CIT is obliged to give a hearing opportunity to assessee - NO: HC

New Delhi, January 09, 2014 UP Trade Tax - Government Circular extending exemption even if Commissioner had cancelled certificate - Govt Circular binding on Authorities: Supreme Court

New Delhi, January 08, 2014 India, Korea agree to expeditiously revise DTAA provisions; Indian Customs may notify Korean counterpart for speedy clearance of Indian goods

Mumbai, January 08, 2014 Income tax - Whether when assessee converts premises into gym by installing necessary equipments, even then its income is to be treated as rental income from house property - NO: ITAT

New Delhi, January 08, 2014 Cus - Valuation - no reasoning stands given by adjudicating authority for enhancement of value - There is no contemporaneous import value available and no expert opinion or any import by another importer as is required for enhancement of value - Revenue's appeal rejected: CESTAT by Majority

Mumbai, January 08, 2014 CENVAT - Appellants are job workers carrying out manufacturing operations on behalf of principal & paying duty - Credit of Tax paid on Services received cannot be distributed as an ISD by principal manufacturer and availed by job workers - CENVAT availed by job workers incorrect in law: CESTAT

Mumbai, January 07, 2014 ST - Commercial Training - MBA programme is not recognized by any University whereas applicant was misrepresenting otherwise - clear case of suppression - Pre-deposit ordered of 50% of demand: CESTAT

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