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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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Chennai, September 13, 2013 CENVAT Credit on capital goods - Amendment vide Notification No 25/1996 is only clarificatory and has retrospective application - CESTAT order denying credit on goods falling under CETH 84.74 is set aside: Madras HC

Mumbai, September 13, 2013 ST - Appellant collects maintenance fees from flat buyers to discharge payments towards local taxes & water charges - appellant was acting as pure agent - demand of ST not sustainable - Stay granted: CESTAT

New Delhi, September 12, 2013 I-T - Whether remedial amendments are normally not retrospective in effect and thus amendment to Sec 40(a)(ia) is not retrospective - YES: Delhi HC

Mumbai, September 12, 2013 ST - Marriage as social institution existed much before religions came into being - explanation inserted by Finance Act, 2007 is only by way of abundant caution and, therefore, insertion of same does not affect levy of ST on Mandap Keeper Service rendered in connection with marriages - ST payable: CESTAT

Mumbai, September 12, 2013 CENVAT - Consequent upon demand confirmed, R&D unit paying duty and Tractor unit taking credit on supplementary invoices - Credit denied by citing rule 7(1)(b) - Whether credit is admissible or not is to be decided at time of final hearing - Stay granted: CESTAT

Ahmedabad, September 11, 2013 ST - Appellant in SEZ paying ST u/s 66A and claiming refund - If CBEC is of view that S. 66A is not charging Section by itself and charging Sec. remains 66, denial of refund only on technicalities, seems to be incorrect - Stay granted: CESTAT

Mumbai, September 11, 2013 Cus - Settlement - where Baggage Declaration Form is not filed, jurisdiction u/s 127B(1) cannot be exercised by Settlement Commission - application rightly rejected - WP dismissed: Bombay HC

Chennai, September 11, 2013 I-T - Whether when a warrant is issued against the address of assessee but without a name, invocation of provisions of Sec 158BC instead of Sec 158BD will be illegal - YES: HC

Rajkot, September 10, 2013 I-T - Whether goods which are declared to Customs as scrap and sold without putting same to any manufacturing process is covered u/s 206C and assessee is liable to collect tax at source - YES: ITAT Special Bench

Mumbai, September 10, 2013 ST - fabrication or erection of tank at site brings into existence immovable property and, therefore, it cannot be said that appellant has undertaken any manufacturing activity as defined u/s 2(f) of CEA, 1944 - activity undertaken would qualify as Erection - Pre-deposit ordered: CESTAT

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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

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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

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