News Update

Massive reforms undertaken to enhance Ease of Doing Business in energy sector: PuriJhansi medical college fire – 10 children lose lives, 16 fighting for lifeGovt to fill vacancies in State & District Consumer Commissions on priorityProminent Bollywood star’s father duped of Rs 25 Lakhs by 5 person following false promises of securing Chairman or V-C position in a ‘government commission’CoP 29 - India reiterates need to finance clean energy without growth-inhibiting conditionsNational Task Force rejects need for Central law to tackle crimes against health workersGovt releases special postage stamp commemorating Birsa MundaED seizes Rs 8.8 Crores in money laundering case against Chennai-based lottery operator Santiago MartinI-T - Revision u/s 263 is not warranted if AO has properly conducted enquiry during course of assessment: ITATUkraine’s President Zelenskyy says war will send ‘sooner’, with Trump as POTUSI-T - If assessee is not owner of property of which he acted as GPA holder, and no profit arises on executing sale deed by assessee and neither any capital asset is transferred, then no capital gains is taxable in hands of assessee: ITATI-T - Words used in section 147 are 'Reason to believe' and not Reason to suspect: ITATST - Extended period of limitation cannot be invoked where assessee did not owe any Service Tax and where no suppression of facts was comitted: CESTATST - Discounts received under a target incentive scheme are trade discounts intended to encourage sales, rather than payments for services: CESTATCus - Preventive Officer, Noida SEZ, is designated as Customs officer, but lacks authority to detain goods based on Section 110 of the Customs Act: CESTATCus - Preventive Officers at Noida SEZ cannot seize goods without CBIC's explicit authorisation - Seizure of goods invalid - Consequently, their confiscation u/s 111(m) of Customs Act is invalidated too: CESTAT
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Conferment of TIOL Awards 2024. The event was held on October 1, 2024 at Taj Palace, New Delhi



Technical Session I - Ease of Doing Business: GST on Digital Economy