News Update

I-T - Mere sale of agricultural land does not make assessee liable to pay capital gains tax, either short-term or long-term: HCBiden zings ICC’s arrest warrant against NetanyahuI-T - If object of formula is to arrive at profit from export business, then expenses excluded from export turnover have to be excluded from total turnover also: HCTrump touting autographed guitar for USD 10,000I-T - Solely because re-assessment notice is issued within a period of four years of assessment order, it cannot be said that the AO can assume jurisdiction, more so where based on change of opinion: HCUS imposes news sanctions in Russia’s GazprombankI-T - As is trite law, notices issued under Sections 142(1), 144 and 148 in the name of a deceased assessee are void ab initio : HCJapanese AI App detects if pet cats are in painI-T - Re-assessment invalid where not based on any tangible evidence not available during original assessment, thus being based on change of opinion: HCTrump cherry-picks Pam Bondi as US Attorney GeneralI-T - Assessee shall be allowed time to produce bank statement & ITRs of previous years to prove that she had sufficient cash in hand, in order to explain source of cash, before making additions: ITATIsraeli strikes kill 52 in LebanonI-T - Interest paid for delayed payment of customs duty cannot be at par with penalty paid for any infringement of law: ITATIndia demands USD 1.3 trillion climate finance fund for Global SouthI-T - If interest free & own funds are advanced to sister concern, then charging of notional interest does not arise: ITATAdani Group denies all charges; says DoJ clearly states these are only allegationsCX - Fake invoices - Department's case inconsistent, as it accepts existence of traders & manufacturers when issuing registrations & serving notices, yet denies their existence when addressing validity of Cenvat credit claimed by assessee, based on the invoices provided by such traders: CESTATMinistry directs EPFO to ensure UAN activation for employees through Aadhaar-based OTPCX - Information from the Vahan Department is insufficient to conclude that certain vehicles could not have delivered goods, more so where assessee provides evidence of freight payments through vouchers & bank transactions, indicating substantial purchases: CESTATIndustry must offer suggestions to make R&D ecosystem outcome oriented: GoyalST - Activity of supplying & laying blanketing material for railway construction, formation of major & minor bridges, laying railway track & sidings, will not attract Service Tax, as per settled precedents: CESTATMoS launches VISION Portal, for nurturing skill development in underprivileged childrenST - Activity of construction of road for use by general public is exempted from Service Tax vide Notfn No 25/2012-ST dt 20.06.2012: CESTATDFS carried out National Cyber Security Awareness Month in OctoberST - No restrictions can be placed on utilization of admissible accumulated credit: CESTAT
Please login to view this page

Username
Password
Please Solve Math Captcha Below:

 
  Forgot Password!
New User
Register Here!

TIOL Tube Latest

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