News Update

Govt cracks down on substandard imports of goods to protect Domestic IndustryPLI scheme for auto industry - Outlay fixed at about Rs 26K CroreWAVES 'Create in India Challenge' Crosses 85K registrations with 1100 foreign participantsECI initiates biggest engagement drive with political partiesGovt takes steps to augment medical professionals in rural areasChilean President holds talks with PM Modi in New DelhiGST - ITC availed on inputs consumed in manufacture of Steel Nails, that got destroyed in fire accident, is required to be reversed: AAARFoxconn to double India output this FYGST - 22 days delay - Order was communicated to appellant at the email id mentioned in GST ARA-01, therefore, it is incorrect to state that order was not received in time - Delay in filing appeal unexplained, hence appeal rejected: AAAR7 injured after car driver runs amok in JapanGST - Petitioner has not caused any loss to the State Exchequer as he has been filing GST returns on time and all due taxes have been paid promptly - Anticipatory bail granted: HCCus - Personal jewellery could not have been detained in the first place - No SCN issued even after lapse of one year from detention date - Jewellery to be released: HCCus - Petitioners are Indian citizens who had come back after attending their son-in-law's 50th birthday in USA and jewellery which was owned by them were their personal effects - No justification for detaining jewellery - To be released: HCGST take-off for Viksit Bharat @2047HM says every district in India will have medical college in next 5 yrsCX - 1% transit loss allowed on Naphtha cleared for export holding that CBEC Circular permitting such loss remains valid and applicable even under export warehousing: CESTATFM to launch 'NITI NCAER States Economic Forum' portal todayHM vows no let up in hunt against drug tradeI-T - As per section 127, requirement of transferring assessment in appropriate cases would have element of public interest and assessee has no choice to select his AO: HCDGTR begins probes into dumping of VFY above 75 deniers & PX-13 from ChinaCentre to extend full support for AP's Biotechnology Push: MoSReciprocal tariffs: Trump says he would be ‘kind’ to partnersI-T- Re-assessment must be backed by concrete evidence instead of assumption or surmise; absence of such valid reasoning vitiates proceedings: HCMega blaze in cracker factory - 6 killed in West BengalUSTR releases report on trade barriersOpenAI mops up USD 40 billion to augment AI effortsI-T - Concept of burden of proof beyond reasonable doubt is not to be applied in cases of reopening: HCWhite House to review USD 9 billion grants to HarvardPLA announces fresh comprehensive military exercise around TaiwanSaudi Arabia to be first destination for Trump’s first foreign tripTrump issues fresh warning to Houthis and IranI-T - Receipts earned solely from jewellery business is to be treated as business sales receipts: ITAT
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