News Update

IndiGo orders 30 Airbus A350s for long haulsFiling of Form 10A & 10AB: CBDT extends due date to June 30RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimesCPGRAMS recognized as best practice in Commonwealth Secretaries of public serviceIsrael-Iran War: A close shave for Global Economy but for how long?KABIL, CSIR ink MoU for Advancing Geophysical InvestigationsI-T - If income from stock-in-trade are held as investments, then provisions of section 14A would apply to such income: ITATTRAI recommends on Infra Sharing, Spectrum Sharing & Spectrum LeasingI-T- Revisionary powers u/s 263 can't be exercised when AO has neither assumed facts incorrectly nor there is incorrect application of law : ITATTechnology Board okays funding of Dhruva Space's Solar Array ProjectI-T- Issue of interest is debatable issue on which two views are possible and AO accepted one of views for which PCIT cannot assume revisional jurisdiction: ITATHealth Secy visits Bilthoven Biologicals, discusses production of Polio VaccineI-T - Estimation of profit element from purchases should be done reasonably if assessee could not conclusively prove that purchases made are from parties as claimed, in absence of confirmations from them: ITATStudy finds Coca-Cola accounts for 11% of branded plastic pollution worldwideI-T- Triplex flats purchased are interconnected and can be considered as 'a residential unit'' as per definition of section 54F of Act : ITATDelhi HC says conspiracy against PM is a crime against StateI-T- AO omitted to probe issue of cash payments made over specified limit; revisionary power u/s 263 is rightly exercised: ITATBrazil makes new rules to streamline consumption taxesI-T-Power of revision unnecessarily exercised where AO had no scope to examine creditworthiness & genuineness of assessee's creditors: ITATBiden signs rules mandating airlines to give automatic refunds for delayed or cancelled flightsI-T-As per settled law, in absence of enabling powers, no disallowance can be made : ITATBYD trying to redefine luxury for new EV variantsGST - On the one hand, the order states registration is liable to be cancelled retrospectively and on the other hand mentions that there are no dues - Order modified: HCSC asks EC to submit more info on reliability of EVMsRight to Sleep - A Legal lullaby
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TIOL BUDGET RUN-UP 2015-16

 
Economic Survey 2014-15 - GST in spotlight
By Pritam Mahure
Published: February 28, 2015
Meaning of FTZ in CEA, 1944
By Suhrid Bhatnagar
Published: February 26, 2015
Recovery proceedings in Service Tax without assessment or adjudication
By G Jayaprakash
Published: February 26, 2015
24x7 clearance facility at ports needed
By V K Agarwal
Published: February 25, 2015
Clarity on TDS issues required
By Manoj Mehta
Published: February 25, 2015
Occupancy Certificate equals Completion Certificate?
By Timish Salot
Published: February 25, 2015
Section 73(4B) of FA, 1994 needs an explanation
By S Sivakumar
Published: February 25, 2015
MAT hurting All!
Shyam Ramadi
Published: February 24, 2015
Unwarranted 'Obligation' under Rule 6 of CCR, 2004
Amit Jaiswal & Amit Rochlani
Published: February 24, 2015
Comprehensive changes required in both direct and indirect taxes
By Samir Kumar Sinha
Published: February 23, 2015
Budget Suggestion for Central Excise & Service Tax
By Ajay Modi
Published: February 21, 2015
Pre-Budget Memorandum - Indirect Taxes
By Rishabh Kumar Sawansukha
Published: February 21, 2015
Resale or trading of Software needs to be exempted from Service Tax
By Sanjay Dwivedi
Published: February 20, 2015
Rule 15 of CCR, 2004 requires amendment
By S Sivakumar
Published: February 20, 2015
Direct Tax - Changes required to harmonise legislation
By Rishabh Kumar Sawansukha
Published: February 20, 2015
The Curious Case of MRP Based Valuation
By Siddartha Bhatt S
Published: February 19, 2015
Process amounting to Manufacture - An Exempted Service?
By Lakshmi Ratna K
Published: February 18, 2015
'Mann ki baat' on GST
By Pritam Mahure
Published: February 17, 2015
Is mandatory pre-deposit slowing down indirect tax collections?
By S Sivakumar
Published: February 16, 2015
Please give us the gift of simple Service Tax law
By Navin Khandelwal
Published: February 15, 2015
Job centric tax incentives need of hour
By Mukund Abhyankar
Published: February 14, 2015
Withdraw mandatory pre-deposit & introduce merit based provision
By Pratik Shah & Jigar Doshi
Published: February 13, 2015
Purchase of Molasses - Can duty be paid by utilizing CENVAT Credit?
By Rajesh Pandey
Published: February 12, 2015
Service tax on cross border transfer of funds-Clarity needed
By Santosh Sonar
Published: February 11, 2015
Reversal of CENVAT Credit under Rule 3(5B) of CCR, 2004
By Brijesh Kothary
Published: February 10, 2015
What can we reasonably expect from Union Budget, 2015 on Indirect Taxes
By Sumit Dutt Majumder
Published: February 09, 2015
Claiming refund of Interest u/s 11B of CEA, 1944 - time limit?
By Narendra Kumar Singhvi
Published: February 06, 2015
Outsourced online delivery systems for education and development of course content needs ST exemption
By Sneha Sangani
Published: February 05, 2015
Scrap arising at Job workers' end - Long wait for a solution
By K Rajendiran
Published: February 04, 2015
Crushing, Grinding of Quartz/Quartzite mineral Lump into Grains/powder - clarity required
By K N Ramanathan
Published: February 03, 2015
Play safe attitude of adjudicating authorities should be curbed
By Ravindran Venugopalan
Published: February 02, 2015
Refund of mandatory pre-deposit made from CENVAT credit account
By S B Parikh
Published: January 31, 2015
Anomalous Duty in respect of Sedans & SUVs needs to be set right
By Rajesh Pandey
Published: January 30, 2015
ICEGATE should allow simultaneous availment of exemption notifications
By H S Prasad
Published: January 29, 2015
CBEC should clarify & help the 'Swachh Bharat Abhiyan'?
By Pritam Mahure
Published: January 28, 2015
Banks selling gold coins, sharing ATM facilities - CCRs need Amendment
By K R Ramankutty
Published: January 27, 2015
Dear FM, legislative change required for judicial discipline
By Ramesh Chandra Jena
Published: January 24, 2015
Budget 2015 - A case for abolition of Cesses and reduction of interest rate on delayed payment of ST & excise duty
By V R Inamdar
Published: January 23, 2015

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