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Saudi Arabia imposes temporary visa ban on 14 countries, including Pakistan UK protests against Israel detaining two British lawmakers Govt to set up dedicated startup India desk for budding entrepreneurs Delhi Govt takes stern action against steep fee hike by private schools UK MP Dan Norris arrested for alleged child sex offences Indian-American country judge nabbed on money-laundering charges Australia pledges 2.3 bn Australian dollar to enable households buy solar batteries India, Lanka sign MoU on defence cooperation CX - Mere interconnection under Income Tax law does not establish a related party transaction under Central Excise law, thereby invalidating department's demand for duty at 110% of production cost: CESTAT Owaisi moves SC against Waqf Amendment Act No TDS to be deducted u/s 194EE on payments u/s 80CCA ST - Removal of smart cards for pairing with set-top boxes (STBs) constituted job work under Rule 4(5)(a) of CCR, 2004 and thus, reversal of CENVAT credit is not required: CESTAT CBIC issues AGT orders of 229 Jcs / ADCs + 308 ACs / DCs + 177 Pr Commissioners / Commissioners + 12 Pr CCs & CCs ST - Activity of serving as intermediary between foreign entities & Indian customers, qualifies as export of services; commissions earned by assessee will not attract Service Tax levy: CESTAT Kessler Syndrome: Over 1200 objects of space debris banged into earth in 2024 CX - Valuation - Specifications meant for guidance purposes per se differ from detailed engineering drawings; only the latter is to be included in assessable value: CESTAT Trump grants another 75-day to TikTok to find Chinese buyer EU fears Trump beer tariffs may cost one lakh jobs Trump tosses out National Security Agency Director Budget Session of Parliament adjourns sine-die; 16 Bills passed Hamas says Israeli offensive in Gaza is fatal for hostages European Commission votes to freeze existing sustainability rules to compete with China and US Parliament passes Protection of Interest in Aircraft Objects Bill, 2025 US economy adds 2.28 lakh jobs in March month I-T - Provisions of section 50C are equally applicable to asset forming block of asset as well: ITAT China retaliates; imposes 34% tariffs on American goods

MESSAGE BOARD

National litigation Policy - Applicable to appeals filed prior to issuance of CBEC instructions dated 20.10.2010 - In view of object behind Policy, court can give it retrospective effect: High Court

Monetary limits for filing appeal

Supreme Court in Commissioner of Income Tax Vs Suman Dhamija - 2015-TIOL-195-SC-IT has held that instructions regarding monetary limit for filing of appeals will govern only such cases which are filed after issuance of instructions. Supreme Court had set aside orders of High Court and remanded the cases to High Court to decide the issue on merits.

TIOL-DDT 2674 and 2675 dated 31.08.2015 and 01.09.2015 be referred.

These are personal views.

Shvetal Parikh 01/11/2015

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VISION 360 - March 2025

VISION 360 -
'A Treasury of Key Tax &
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March 2025 Edition

Technical Session 2 - Retrospective Taxation - Surge in GST Litigation - Possible Remedies.

April 04, 2025

I-T - If assessee was granted certificate at nil withholding tax for prior A.Ys and there is no issue to chargeability of assessee's income to tax, then certificate requiring withholding tax at reduced rate instead of nil rate, can't be sustained: HC

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Competition Law - Commercial disputes arising out of dealership agreement and its transactional issues don't fall within purview of Competition Act: CCI

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