News Update

IMF projects India’s growth for 2025 to be 6.8%Delhi Police nabs woman for thieving luxury SUVsMega inferno burns down 17th century Copenhagen buildingCBDT inked 125 APAs last fiscal7, including 3 women & a child, killed in road accident in PatnaECI states position on enforcement of MCC during first monthUK to criminalise creation of sexually explicit deep fakesChinese economy spikes by 5.3% in first quarterIndian Coast Guard rescues stranded fishing boat off KarwarUPSC releases results of Civil Services 2023; Aditya Srivastava tops the listIndia’s exports marginally dips into minus in March monthDiversion of goods imported under Advance Licence to Open Market: Mens rea upheldSeasonal rainfall likely to be 106 % of Long Period Average: IMDWorkshop held for Eco-friendly Measures for Holistic National Highway DevelopmentWhat was Biden’s income in 2023? - ITR shows USD 6.2 lakhI-T - Act & Rules thereto provide a method for service of notices & orders; communication of notices before any action is taken, is mandatory: HCMumbai Police nabs two shooters involved at random firing at Salman’s houseI-T- Assessee cannot be expected to be logged in to I-T portal at all times, so as to be notified of actions taken by Department: HCIRS fears spurt in crypto tax evasion casesI-T - Expenses written off is only allowable if assessee offers said amount as income in previous years: HCBreast cancer to kill over 10 lakh women by 2040: Lancet ReportSamsung gets USD 6.4 bn in subsidy for Texas chip productionIndia to resume FTA talks with EU next month
 
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Allahabad, June 08, 2018
GST - Non-accompaniment of e-way bill - no justification for passing orders of seizure of goods/vehicle and tax demand/penalty: HC
 
New Delhi, June 08, 2018
ST - Supply of Helicopters to State Governments for transportation of personnel - taxable under SOTG service: CESTAT
 
New Delhi, June 08, 2018
I-T - Expression 'a residential house' used in Sec 54 for allowing exemption necessarily means one property and not more than one property: ITAT
 
Mumbai, June 08, 2018
ST - 'Premium' or 'Salami' is not liable to tax under Renting of Immovable Property: CESTAT
 
Chennai, June 07, 2018
I-T - Additional income surrendered through revised returns without any explanation and only after its discovery during search, merits penal action against assessee: HC
 
Mumbai, June 07, 2018
ST - MIDC is a statutory body - services of garbage collection rendered to MIDC is exempted in terms of Sr.no.25 of Notfn. 25/2012-ST: CESTAT
 
New Delhi, June 07, 2018
I-T - Discovery of incriminating material in course of search proceedings is sine qua non for scrutinizing concluded assessments u/s 153A: ITAT
 
Mumbai, June 07, 2018
ST - Taxation of goods and that of services are mutually and explicitly conceived levies - same activity cannot be taxed as goods and as services : CESTAT
 
New Delhi, June 06, 2018
Cus - No material to support conclusion that Detenue possesses propensity or potentiality to indulge in smuggling activities in future - Detention order quashed: HC
 
Kolkata, June 06, 2018
I-T - Writ court interference is not warranted, when Tribunal has adjudicated the case based on similar allowance granted to assessee in previous FYs: HC
 
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