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News Update

IMF projects India’s growth for 2025 to be 6.8%Delhi Police nabs woman for thieving luxury SUVs Mega inferno burns down 17th century Copenhagen building CBDT inked 125 APAs last fiscal 7, including 3 women & a child, killed in road accident in Patna ECI states position on enforcement of MCC during first month UK to criminalise creation of sexually explicit deep fakes Chinese economy spikes by 5.3% in first quarter Indian Coast Guard rescues stranded fishing boat off Karwar UPSC releases results of Civil Services 2023; Aditya Srivastava tops the list India’s exports marginally dips into minus in March month Diversion of goods imported under Advance Licence to Open Market: Mens rea upheld Seasonal rainfall likely to be 106 % of Long Period Average: IMD Workshop held for Eco-friendly Measures for Holistic National Highway Development What was Biden’s income in 2023? - ITR shows USD 6.2 lakh I-T - Act & Rules thereto provide a method for service of notices & orders; communication of notices before any action is taken, is mandatory: HC Mumbai Police nabs two shooters involved at random firing at Salman’s house I-T- Assessee cannot be expected to be logged in to I-T portal at all times, so as to be notified of actions taken by Department: HC IRS fears spurt in crypto tax evasion cases I-T - Expenses written off is only allowable if assessee offers said amount as income in previous years: HC Breast cancer to kill over 10 lakh women by 2040: Lancet Report Samsung gets USD 6.4 bn in subsidy for Texas chip production India to resume FTA talks with EU next month

April 16, 2024

I-T - Act & Rules thereto provide a method for service of notices & orders; communication of notices before any action is taken, is mandatory: HC

April 16, 2024

I-T- Mere existence of power to assess or reassess six AYs' immediately preceding AY corresponding to year of search or 'relevant assessment year' would not justify invocation of Section 153C - HC

April 16, 2024

I-T- Assessee cannot be expected to be logged in to I-T portal at all times, so as to be notified of actions taken by Department: HC

April 16, 2024

I-T - Expenses written off is only allowable if assessee offers said amount as income in previous years: HC

April 16, 2024

I-T- Deduction u/s 35(1)(ii) in respect of donation made to scientific research institute, is rightly denied, where no evidence is furnished to show valid approval was taken from prescribed authority for taking donation: ITAT

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April 16 2024

GST - Merely, because a taxpayer has not filed returns for some period does not mean that registration is required to be cancelled with retrospective date also covering the period when returns were filed: HC

April 16, 2024

GST - Retrospective cancellation of registration - Complete non-application of mind - Order refers to a reply filed whereas fact is that the proprietor had passed away and no reply had been filed: HC

April 16, 2024

GST - Proper officer has not applied his mind but dismissed the reply submitted as not satisfactory - Order set aside and matter remitted: HC

April 16, 2024

Cus - Acceptance of re-assessed value & voluntary payment, per se cannot be deemed to be admission to alleged mis-declaration of value - Burden rests with Department to establish allegations: CESTAT

April 16, 2024

CX - Bituminized Hessain Tape, Rot-proofed Bituminized Hessian Cloth mixed with Copper Napthalate, Bituminized Cotton Tape, being used for industrial purposes, is rightly classified under CTH 5909; benefit under Notfn No 175/86 is also allowed to manufacturer: CESTAT

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March 27, 2024

Attachments Galore: Protocol missing to regulate interplay!

March 09, 2024

Electoral Bonds Case: Unproductive cacophony need to be avoided

February 27, 2024

Direct Listing of Shares - A brush with Income Tax Act!

February 13, 2024

Trends in India's Tax Mix: An Evolving Story

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April 11, 2024

TIOL Fiscal Awards: Maastricht is dead & gone! What next?

April 04, 2024

Kudos for Digitalisation vs Pillories for e-waste!

March 28, 2024

EV Revolution: Lessons for India to learn from US and China!

March 21, 2024

One Nation, Many Elections: Time to repair the feet of clay!

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View All Cob(Web)s on GST»

Income Tax Notification	37
Income Tax Circular	05
Customs Tariff Notification	23
Customs NT Notification	29
Customs Circular	03
Anti Dumping Notification	07
DGFT Notification	07
DGFT Public Notice	02

CGST Rule Notification	09
CGST Rate Notification	01
CGST Circular	206
IGST Rule Notification	05
IGST Rate Notification	01
UTGST Rate Notification	01
UGST Rule Notification	02
Cess Rate Notification	03

April 10, 2024

When the Stars Aligned: An Evening at the TIOL Awards

April 03, 2024

Import of Obscene goods - Who decides obscenity - Customs?

March 27, 2024

Massager or sex toy?

March 20, 2024

Too Many Sleuths Spoil the GST Soup

March 13, 2024

GST in Income tax

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April 15, 2024 | By M G Kodandaram

GST Audit: Evolve a Combined and Transparent Procedure

April 15, 2024 | By Rajat Dosi

Customs Duty implications on import of Share Certificates for dematerialization

April 09, 2024 | By M G Kodandaram

Beyond Laws - Ethical solutions - Building a flourishing planet

April 05, 2024 | By Sonu Bhatnagar

A Peep into Doctrine of Legitimate Expectation & Promissory Estoppel

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March 05, 2024

White & Black Paper(s) take Voters for a Ride

January 04, 2024

Governors as Vikas Ke Rajdoot - Walk the Talk

October 30, 2023

Build Amrit Kaal Bharat With Latest Quality Data

August 07, 2023

An urgent need to revive Consensus Politics

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March 29, 2024

Unveil One Nation; One Debt Code; One Compliance Rule for Centre & States

January 31, 2024

Transforming Bharat into Ram Rajya - Redraw Fiscally Sustainable Path

December 07, 2023

New Bharat needs Electoral-cum-Fiscal Reforms

October 16, 2023

IMF's Indian GDP Prospects Should Empower Govt

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TIOL Tube

Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.

April 16, 2024 | New Delhi

CBDT inks 125 APAs last fiscal

April 16, 2024 | New Delhi

ECI states position on enforcement of MCC during first month

April 16, 2024 | New Delhi

Indian Coast Guard rescues stranded fishing boat off Karwar

April 16, 2024 | New Delhi

Seasonal rainfall likely to be 106 % of Long Period Average: IMD

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April 16, 2024

Diversion of goods imported under Advance Licence to Open Market: Mens rea upheld

April 09, 2024

Hearings in CESTAT after commencement of CIRP by NCLT

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

April 2024 Edition

Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

April 16, 2024

TP - Not adopting mandatorily prescribed methods to determine ALP in respect of fees of technical services payable by Assessee to its AE, make entire Transfer pricing Agreement unsustainable: ITAT

April 16, 2024

TP - If any third party rate is not considered for particular date of contract due to non availability of data, would not enable TPO to reject method adopted by assessee: ITAT

April 16, 2024

Companies Act - ROC's decision of rejecting application for conversion is not contrary to legislative intent of Section 18 : HC

April 16, 2024

PMLA - If criminal case against person is quashed then there can be no offence of money laundering against him : HC

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