News Update

Former IPS officer Sanjiv Bhatt jailed for 20 yrs for planing drugs to frame lawyerCentre receives Rs 18.5 lakh crore tax revenue upto Feb monthUN says Households waste across world is now at least one billion meals a dayExpert Committee on developing GIFT IFSC as 'Global Finance and Accounting Hub' submits report to IFSCAIndia, China hold fresh dialogue for complete disengagement on Western borders: MEADefence Production issues notification for re-organisation of DGQAThakur says India is prepared for 2036 OlympicsCBDT substitutes Form in ITR-5EV Revolution: Lessons for India to learn from US and China!London court green-signals auction of luxury apartment of fugitive Nirav ModiGovt consults RBI; finalises borrowing plan for first half of FY 2024-25Gadkari says Farmers’ protest is politically-motivatedVP calls upon women entrepreneurs to be 'Vocal for Local'America offers USD 10 mn bounty for information on ‘Blackcat’ hackers after UnitedHealth gets hitI-T- The order of the ITSC can only be reopened in cases of fraud or misrepresentation: HC8 persons including Hezbollah militants killed in Israeli strike on LebanonMacron pillories EU-South Africa trade deal; calls it ‘really bad’ in BrazilThailand’s Lower House okays Bill to legitimise same-sex marriageYellen warns China against clean energy dumpingMilky Way’s central black hole - Twisted magnetic field observedCus - Assessee has not proved beyond reasonable doubt that goods in question imported under air way bills/bills of entry were in fact filed by him and hence the only natural corollary available to Revenue is confiscation of same: CESTATSmall investors help Trump Media’s valuation skyrocket to USD 13 billionJustice Ritu Raj Awasthi joins as Judicial member of Lokpal
 
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Ernakulam, March 18, 2019
Sales Tax - Collection of deposit purportedly as tax & failure to deposit such amount under garb of taxability being subject to dispute, warrants punishment with penalty: HC
 
Mumbai, March 18, 2019
ST - Reading clauses of agreement in isolation is not justified - agreement will have to be read as a whole: High Court
 
Mumbai, March 15, 2019
Tata Sons case - If no order passed under Ss 120 or 127, Addl CIT cannot put on AO's hat: ITAT
 
Kolkata, March 15, 2019
ST - Realizing electricity consumption charges from occupants by supplying low-tension supply is a taxable service, doesn't fall in negative list: HC
 
Mumbai, March 15, 2019
I-T - Taxpayer cannot take shelter of non-communication of intimation u/s 143(1), for getting his much belated revision application entertained: HC
 
Chennai, March 14, 2019
I-T - Income earned by revocable trust from contributions made by indentifiable beneficiaries through revocable transfer of funds is taxable only in hands of such beneficiaries and Trust: HC
 
Mumbai, March 14, 2019
Cus - Both confiscation and redemption cannot go along with re-export condition: CESTAT
 
Mumbai, March 13, 2019
I-T - Tenure of a retiring partner in partnership firm does not decide applicability of provisions of Sec 45(4) to sum received by partner: HC
 
Mumbai, March 13, 2019
Cus - 21/2002 - Construction of Road includes construction of 'Rail over bridge' as it connects & continues road itself: CESTAT
 
New Delhi, March 12, 2019
I-T - High court order untenable as it fails to examine Chapter XV of I-T Act to dismiss dissolved company petition: SC
 
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