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CX - Minor documentation errors should not undermine genuine credit claims if records substantiate compliance: CESTAT Trump imposes hefty tariffs & sanctions against Colombia for rejecting deportation flights CCPA imposes penalty of Rs 3 lakh on coaching centre Assam to develop Dibrugarh as second capital CX - Inputs used in ancillary functions, such as R&D qualify for CENVAT credit if they contribute to production of excisable goods: CESTAT India, Indonesia ink pacts for cooperation in health & security Registrations reopen for Road to Game Jam: Apply by February 1 Curfew imposed in Wayanad after tiger attacks on women CX - Freight charges shown separately in invoices are not includable in assessable value for excise purposes: CESTAT Egypt, Jordan play cold on Trump’s suggestion to let in Palestinian refugees Directorate General of Shipping & Centre for Advanced Computing sign MoU for Maritime Innovation Israel-Lebanon truce extended till 18th Feb Trump gifts 20,000-pound bombs to Israel Cus - Exporter is eligible for interest on refund of excess export duty, erroneously retained by Department: CESTAT RPF officers get President's Police Medal Pak Military claims to have killed 30 terrorists in Khyber Pakhtunkhwa province Cus - Operational challenges faced by warehouse operator during COVID pandemic are valid; lack of audit trail does not amount to violation warranting warehousing license revocation: CESTAT Govt notifies United Pension Scheme for govt employees - 50% of basic over last 12 months I-T - If amount alleged to have escaped income is less than fifty lacs and more than three years have elapsed from end of relevant A.Y, then order passed u/s 148A(d) as well as notice issued u/s 148A(b) merits to be quashed: HC Padma Awards 2025 - 7 Padma Vibhushan + 19 Padma Bhushan + 113 Padma Shri - Bibek Debroy, Sushil Modi, Pankaj Udhas get posthumously I-T - Tax authorities are not entitled to tax entire transaction, but only income component of disputed transaction, to prevent possibility of revenue leakage: HC Govt asks Airlines to go soft on airfares for Maha Kumbh flights I-T - If AO has already made adjustment of refund for subsequent years, then assessee is entitled to remaining refund along with therest thereon: HC 80K drugs seized in MP consigned to fire at Neemuch’s cement factory I-T- Re-opening of assessments is invalid where is lacks an independent & prima facie belief of income escapement: HC CIA revives Covid-19 origin row, says ‘more likely’ came from lab I-T - If investments/ capital assets are being valued at cost, then resulting gain from sale of share cannot be treated as short term capital gain: ITAT Trump goes to Las Vegas to fathom tax on tips I-T - If assessee has submitted copy of bills of sale of agricultural produce, and expenses were met out of sale of seedlings to farmers, then agricultural income cannot be disallowed: ITAT Trump says he may consider rejoining WHO I-T - Inquiry conducted by AO did not render assessment order erroneous or prejudicial to interest of revenue, no revisionary interference is warranted u/s 263: ITAT

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Former Prime Minister, Dr Manmohan Singh, delivering his Award Acceptance Speech after receiving TIOL Fiscal Heritage Award 2022 on Nov 8 at Taj Palace, New Delhi

January 27, 2025 | New Delhi

CCPA imposes penalty of Rs 3 lakh on coaching centre

January 27, 2025 | New Delhi

Registrations reopen for Road to Game Jam: Apply by February 1

January 27, 2025 | New Delhi

Directorate General of Shipping & Centre for Advanced Computing sign MoU for Maritime Innovation

January 27, 2025 | New Delhi

RPF officers get President's Police Medal

December 18, 2024

Multiple Adjournments of Appeals, After Issue of Final Order - Attempt to Restore Them

November 25, 2024

Import of Elisa Test Kits and Reagents with Benefit of Notification

VISION 360 - January 2025

VISION 360 -
'A Treasury of Key Tax &
Regulatory Developments!'

January 2025 Edition

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

January 24, 2025

I-T - Whether entity is PE of foreign company or not, is 'fact-specific' issue which must be examined separately for different tax periods: HC

January 24, 2025

I-T - If there is no change in factual matrix & business operations of assessee in relevant year, as compared to earlier & subsequent years, then taxation of assessee's revenue may be based on MAP resolution: ITAT

January 24, 2025

IBC - If default is committed by Corporate Debtor prior to Sec 10A period, any default committed during Sec 10A period will not bar application which is filed on basis of default prior to Sec 10A and subsequent to Sec 10A period: NCLAT

January 24, 2025

IBC - Once resolution plan including revised plan submitted by RP is disapproved by CoC, fresh plan can be submitted by same resolution applicant in freshly issued invitation to expression of interest: NCLAT

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