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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, January 17, 2013 Income tax - Whether expression 'business of the undertaking' is wider in ambit than words �profit of the undertaking' used in Section 10B - YES: ITAT

Mumbai, January 17, 2013 ST - Board had clarified that if main service provider is discharging tax liability then sub-contractors to main service provider need not pay service tax on same activity - this position changed after extension of CENVAT credit to service tax sector - in such scenario it cannot be said that sub-contractor deliberately evaded service tax: CESTAT

Bangalore, January 17, 2013 CX - Denial of CENVAT - Merely because they have not paid duty on sacks which were manufactured in factory of job worker, there is no justification for denial of credit on inputs which have gone into packing materials - Order of Commissioner (Appeals) is legal and proper: CESTAT

Kolkata, January 16, 2013 ST - CAG has no power to audit records of private assessees; since conflicting decision appears to have been given in another case, matter referred to Division Bench : High Court

New Delhi, January 16, 2013 I-T- Whether when assessee is a leasing and finance company, it gets deprived of depreciation benefits on assets leased out to third parties - NO: SC

New Delhi, January 16, 2013 I-T - Whether when assessee-club places surplus funds in form of FDs with its member-banks to earn interest income, since such funds are loaned out to third parties for earning higher interest income, it violates privity of mutuality - YES: SC

Bangalore, January 16, 2013 Central Excise � Pre-deposit amount reduced in view of ongoing Telangana Agitation: CESTAT

Mumbai, January 16, 2013 Proprietorship concern is known by proprietor - person providing service is only Shri Mahajan whether he is providing services in name of Veer jawan or Jai Jawan Securities � demand for period prior to registration in name of Veer Jawan Securities Service has rightly been demanded: CESTAT

New Delhi, January 15, 2013 I-T - Sec 158BB - Whether payment of Advance Tax by assessee would by itself tantamount to disclosure of income for relevant assessment year - NO: SC Larger Bench

New Delhi, January 15, 2013 CX - Branded Goods - manufacture and sale of specified goods that do not bear brand name, from branded sale outlets - Once it is established that a specified good is a branded good, whether it is sold without any trade name by another manufacturer, it does not cease to be a branded good of first manufacturer - Not eligible for SSI Exemption: SC

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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

PMLA -Bail application can be dismissed as petitioner failed to satisfy conditions for grant of bail : HC

April 26, 2024

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

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