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I-T - Bonafide claim of deduction by assessee which was accepted in first round of proceedings does not tantamount to furnishing of inaccurate particulars, simply because it was disallowed later: ITAT India-bound oil tanker struck by Houthi’s missiles in Red Sea SCO Defence Ministers' Meeting endorses 'One Earth, One Family, One Future'RBI issues draft rules on digital lending I-T - In order to invoke revisionary jurisdiction u/s 263, twin conditions of error in order and also prejudice to interest of Revenue must be established independently: ITAT CRPF senior official served notice of dismissal on charges of sexual harassment Indian Air Force ushers in Digital Transformation with DigiLocker Integration Columbia faculty blames leadership for police action against protesters CX - When process undertaken by assessee does not amount to manufacture, even then CENVAT credit is admissible if such inputs are cleared on payment of duty which would amount to reversal of credit availed: CESTAT Google to inject USD 3 bn investment in data centre in Indiana Cus - The equipments are teaching accessories which enable students in a class to respond to queries and these equipments are used along with ADP machine, same merits classification under CTH 8471 60 29: CESTAT UN says clearing Gaza mounds of rubble to take 14 yrs ST - When issue is of interpretation, appellant should not be fastened with demand for extended period, the demand confirmed for extended period is set aside: CESTAT Blinken says China trying to interfere US Presidential polls World Energy Congress 2024: IREDA CMD highlights need for Innovative Financing Solutions


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Mumbai, October 23, 2013 CX - S.4 - Freight collected separately and goods delivered at buyer's premises - Whether cost of transportation should be excluded from sale price to arrive at AV - AV for purpose of excise must be only in terms of Act alone and not on basis of VAT Act - Pre-deposit ordered of Rs 4 Crores set aside: HC

New Delhi, October 23, 2013 UP Trade Tax - Fly Ash used in Cement - grant of rebate for units manufacturing cement using Fly ash in certain districts of UP alone discriminatory - 'Struck down' : Supreme Court

Mumbai, October 23, 2013 ST - Sec 66A is attracted only when services are received in India by person situated in India even if such persons may have PE abroad - If services rendered abroad have been subject to local taxation, question of levying ST in India on very same transactions would not arise at all: CESTAT

Mumbai, October 22, 2013 I-T - Whether Revenue is under obligation to allow TDS Credit even if deductors have not issued TDS Certificates nor properly uploaded details in Form 26AS - YES: ITAT

Mumbai, October 22, 2013 MRP Valuation - Packaged drinking water sold at MRP of Rs 50 but declared as Rs 30 so as to be within purview of SSI limit - purchase orders show that goods were sold at prices higher than that declared - there is no nexus between RSP and prices at which goods are sold to institutional customers - Pre-deposit ordered: CESTAT

Mumbai, October 22, 2013 ST - Appellants are not having any tourist bus hence are not covered under scope of 'Tour Operator Service' - consequently benefit of notfn. 39/97 not available - demand upheld - since appellant was filing ST-3 returns, penalties set aside - Appeal disposed of: CESTAT

New Delhi, October 21, 2013 I-T - Whether in case manufacturing activity is performed by a third party, assessee can claim deduction u/s 80I in respect of such manufactured items: HC

New Delhi, October 21, 2013 Assistant Director, CEI , has no locus standi to challenge order of the Settlement Commission : Settlement Commission - Minority decision upheld : High Court

Mumbai, October 21, 2013 SAD Refund - there is mismatch between goods imported and sold in domestic market - if appellant has cut imported coil, length can vary but not thickness - no evidence in support that goods sold on VAT payment in domestic market are same as those imported - refund rightly denied: CESTAT

New Delhi, October 20, 2013 Radia Tapes: SC smells scams in many deals involving corporate houses and government officials; Orders fresh probe

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April 26, 2024

I-T - Assessee cannot be prevented from claiming that receipts from sale of software were wrongly offered as royalty, merely because such income was wrongly offered in ROI and which was not revised: ITAT

April 26, 2024

I-T- Proceedings commenced subsequent to exercise of revisionary power u/s 263, are unsustainable, where the revisionary order itself came to be quashed: ITAT

April 26, 2024

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April 26, 2024

Trade Mark Act - Marks are visually phonetically and deceptively similar to Plaintiffs' trademarks : HC

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