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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, December 21, 2012 CENVAT credit availed on bought out items - denial of credit - final product exported along with bought out items - rebate claim to be kept pending till appeal is disposed of in matter of CENVAT credit: CESTAT

Mumbai, December 21, 2012 Cus - Refund - Amending notification has not been implemented retrospectively - time limit not applicable in case of refund claim filed prior to 1.8.2008 - Rejection not sustainable - appeal allowed: CESTAT

New Delhi, December 20, 2012 I-T - Whether when there is nothing on record that assessee has claimed TDS credit for deduction made against advance received from customers, any addition is warranted - NO: ITAT

Mumbai, December 20, 2012 ST - Repair of roads - Retrospective exemption - Prima facie, runways at airports are species of genus 'road' and, therefore, runways should also normally receive same treatment as roads for ST purpose - CESTAT directed to hear appeal finally within 3 months: Bombay HC

Ahmedabad, December 20, 2012 Writ Petition - Territorial Jurisdiction - No part of cause of action had arisen within jurisdiction of High Court of Gujarat - Petition is required to be rejected only on this ground: HC

Mumbai, December 19, 2012 CENVAT credit - Services utilized for erection and installation of Ammonia Storage Tank at port - Rule 4(7) is to be read with definition of input service under Rule 2(l) - input services used in relation to storage outside factory will not be eligible for credit - Demand upheld: CESTAT

Mumbai, December 19, 2012 I-T - Whether when assessee is engaged in business of manufacturing fuel briquettes from bagasse, a waste of sugar industry, merely because assessee pays for purchase of such waste, it loses entitlement to benefits u/s 80JJA - NO: Bombay HC

Ahmedabad, December 19, 2012 Cus - Scope of Appeal - CESTAT decision regarding Rate of Duty - Appeal against it has to be filed before SC under Sec 130E of Customs Act � Revenue's appeal dismissed: HC

Ahmedabad, December 18, 2012 I-T - Whether deeming fiction created u/s 50 with respect to depreciable assets would be confined for purpose of mode of computation of capital gains contained in Ss 48 and 49 and would not cover exemption u/s 54EC - NO: HC

New Delhi, December 18, 2012 ST - Money Transfer from abroad - Whether Export or Service rendered in India - It is export of service - CESTAT by Majority

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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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