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3 Indian women from Gujarat died in mega SUV accident in US JNU switches to NET in place of entrance test for PhD admissions GST - fake invoice - Patanjali served Rs 27 Cr demand notice 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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Allahabad, September 20, 2013 I-T - Whether advertisement expenses which were considered by Revenue as revenue expenditure were rightly disallowed merely because in books of account same were considered as deferred revenue expenditure - NO, rules HC

Mumbai, September 20, 2013 CX - Notfn 11/97 amending Notfn. 67/95 for exemption to intermediate products used in manufacture of goods supplied under exemption to Intl Organization as per Notfn. 108/95 is to be considered clarificatory in nature - Appeal allowed: CESTAT

New Delhi, September 20, 2013 Mere extraction of entire provisions of Sec 65(19) of Finance Act does not fulfill requirement of Show Cause Notice - Such infirmity is incurable - Show Cause Notice quashed: CESTAT

Allahabad, September 19, 2013 I-T - Whether assessee has case even if he pays higher stamp duty as per valuation of stamp authority and claims lower capital gains as per report of approved valuer - YES: HC

Ahmedabad, September 19, 2013 Cus - Valuation - for period from 02.03.01 to 26.09.06, ship demurrage charges cannot be included for discharge of customs duty on imported goods even if assessments are made provisionally: CESTAT LB

Mumbai, September 19, 2013 ST - Data furnished by appellant is used by foreign entity Reuters Ltd., UK for inclusion in their products for dissemination to customers situated worldwide - prima facie, service is 'BSS' and transaction would amount to exports - ST not attracted - Stay granted: CESTAT

New Delhi, September 18, 2013 I-T - Whether power to waive interest u/s 215 is judicial discretion vested in tax authorities and cannot be challenged in writ - YES: Delhi HC

Mumbai, September 18, 2013 ST - appellant imported helium gas in reusable and returnable containers - rental charged for use of containers whether liable to ST - supply of cylinders is part of sale of gas and it is not separate activity in itself - rental is part of value of goods sold - stay granted: CESTAT

Bangalore, September 18, 2013 CX - By not taking Cenvat Credit, Revenue realisation is more than Rs 10 lakh extra - No Suppression: CESTAT

Mumbai, September 17, 2013 I-T - Whether when assessee purchased shares for a lock-in period of three years and for acquiring management rights in a company, there cannot be a presumption that shares were acquired with object of trading and not investment - YES: Bombay HC

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