News

LG Electronics India has received a Rs 153.57 crore Customs Duty show cause notice alleging non-inclusion of royalty payments in the assessable value of certain imported goods.

DRI Alleges Short Payment of Customs Duty by LG Electronics India; Sends Recovery SCN of Rs 153.57 Crore

Judgement

The ITAT Bangalore held that interest income attributable to business of providing credit facilities cannot be taxed as ‘Income from Other Sources’ .


ITAT Holds Interest on Bank Deposits of Credit Co-operative Society Eligible for Section 80P(2)(a)(i) Deduction

An NIA court has allowed seven foreign accused, including a US national and six Ukrainians, to travel abroad for one month to meet their families.

Court Allows 7 Arrested Foreigners To Travel Abroad For A Month To Meet Their Families

CBI has arrested alleged Mahadev Betting App kingpin Abhishek Kumar after his arrival from Dubai and secured police custody for further investigation.

CBI Arrests Wanted Accused in Mahadev Betting App Case After His Arrival at Rajiv Gandhi International Airport 

The ITAT Bangalore has held that Non-resident's foreign salary cannot be treated as taxable in India merely for want of foreign tax returns.

ITAT Holds Foreign Tax Return and TRC Not Mandatory to Disbelieve Non-Resident's Claim

The CBI has apprehended an accused named Suresh Kumar Padmini Bini alias Bini S P who was running from legal action for the last 21 years in illegal telecom exchange case. 

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DRI Alleges Short Payment of Customs Duty by LG Electronics India; Sends Recovery SCN of Rs 153.57 Crore

ITAT Holds Interest on Bank Deposits of Credit Co-operative Society Eligible for Section 80P(2)(a)(i) Deduction

Court Allows 7 Arrested Foreigners To Travel Abroad For A Month To Meet Their Families

CBI Arrests Wanted Accused in Mahadev Betting App Case After His Arrival at Rajiv Gandhi International Airport

ITAT Holds Foreign Tax Return and TRC Not Mandatory to Disbelieve Non-Resident's Claim

CBI Arrests Accused Evading Legal Action for Last 21 Years in Illegal Telecom Exchange Case