News Update

ST - The company is entitled to refund of unutilized Education Cess and Secondary & Higher Education Cess under Section 142(9)(b) of CGST Act, 2017, as a transitional credit: CESTATCentre withdraws 20% export duty on Onion from 1st AprilST - Delayed Payment Charges (DPC) are penal in nature and not consideration for a separate taxable service, service tax demand and penalties cannot sustain: CESTATDGGI launches offensive against offshore Online Money Gaming firmsCX - The CENVAT credit availed for demolition services and input service distribution is legitimate, the demand, penalty and interest imposed by adjudicating authority is set aside: CESTATPLI Schemes: 176 MSMEs out of 764 are beneficiariesCX - There is no notification providing exemption from Additional Duties of Excise; refund claims dismissed: CESTATCoding jobs going to be thieved by AI, says Altman of OpenAI100 New Food Testing Labs to be established: MoSNew Canadian PM announces snap polls amid rising tariff threats from TrumpCus - As is trite law, multimedia speakers with additional functions like FM radio & USB ports are classifiable under CTH 8518 22 00 as speakers, as their primary function remains amplifying sound: CESTATTrump’s policies spark snafus in USD 320 bn fishing industryGI-tagged jaggery exported from Muzaffarnagar to BangladeshPak claims to have killed 16 fighters on Afghan borderCus - Reclassification of imported e-scooter parts as complete vehicles is incorrect and the company is entitled to benefit of an unconditional customs duty exemption: CESTATUS, Ukraine delegations meet in Saudi ArabiaI-T - Penalty u/s 271(1)(c) cannot be imposed for an inadvertent error in calculating deductions, without evidence of intent to misrepresent income: ITATPope Francis is back to Vatican after 5 weeks in hospitalI-T - If return has already been e-verified, then can't be held that RoI was filed belatedly because of five seconds delay in generation of acknowledgment as per due date specified u/s 139(1): ITATDeath toll in Gaza goes beyond 50,000I-T - Interest income earned from investments with cooperative banks qualifies for deduction u/s 80P(2)(d): ITATJustice Yashwant Verma says Talks of cash recovery are preposterous & incredulous + SC panel conducting probeI-T - Physical availability of return along with Form 10A filed through registered Post which is available in repository of department, can't be countenanced by CIT(E) for refusing eligibility to exemption u/s 11: ITATGadkari says political leaders are casteist, not peopleI-T - For purpose of computing book profit, amount of brought forward loss/ unabsorbed depreciation as per books whichever is lower should be cumulative figure: ITATTrump withdraws security clearances for Hillary Clinton & Kamla HarrisI-T - Once appeal is before CIT(A), he can revise not only ultimate computation arrived at by AO but he can revise every process which led to ultimate computation or assessment: ITATSushant Singh Rajput case - CBI files closure report in court as no evidence of murder foundI-T- Once it is accepted that money was borrowed for purpose of making investment, then non-receipt of income is no ground to disallow interest expenditure: ITATAC compressor blast - 3 children & woman killed in BahadurgarhI-T- If aspects require factual verification but assessee did not get opportunity to prove its case due to ex parte disposal of appeals, then related issue requires verification at departmental level: ITATUK orders probe into fire leading to Heathrow shutdownI-T - Additions u/s 68 invalid where not based on adequate verification of relevant evidence furnished by assessee, such as bank statements, confirmations & ITRs: ITATNagpur violence - Costs for damaging public property to be recoveredI-T - Failure of I-T authorities to adhere to binding decisions of higher courts, amounts to disrespecting principles of judicial precedents & judicial discipline: ITATSaharanpur BJP leader shoots dead two sons & fires at wifeI-T - If funds invested as FDR is inextricably linked with business of assessee, then interest earned on it shall be treated as business income: ITAT
TIOL Accolades
TIOL ACCOLADES

DDT in Limca Book of Records - Fifth Year in a Row

YOUR DDT has entered the Limca Book of Records - AGAIN - in the 2016 edition as the longest running daily online column on tax matters. This is the longest running daily column by a single author on any matter in any publication. This is the fifth time in a row that DDT has entered the Limca Book of Records.

As the citation shows, DDT had completed 2630 issues by June 30, 2015. That is the cut-off date for Limca Book of Records for entries for the year 2016. After that date, DDT has come out with more than 200 issues, as today's DDT is numbered 2845.

DDT is grateful for all the support from the Netizens, the Government and colleagues, who made this possible. DDT 's mission is not to make records, but to make the records straight for you.

 

DDT in Limca Book of Records

DDT in Limca Book of Records - Fourth Time in a Row

YOUR DDT has entered the Limca Book of Records - AGAIN - in the 2015 edition as the longest running daily online column on tax matters. This is the longest running daily column by a single author on any matter in any publication. This is the fourth time in a row that DDT has entered the Limca Book of Records.

As the citation shows, DDT had completed 2385 issues by June 30, 2014. That is the cut-off date for Limca Book of Records for entries for the year 2015. After that date, DDT has come out with nearly 200 issues, as today's DDT is numbered 2562.

DDT is grateful for all the support from the Netizens, the Government and colleagues, who made this possible. DDT will continue its pursuit relentlessly, with your support - We are not to make records, but to make the records straight for you.

 

DDT in Limca Book of Records

DDT in Limca Book of Records - Third Time in a row

YOUR DDT  has entered the Limca Book of Records - AGAIN - in the 2014 edition as the longest running daily online column on tax matters. This is the longest running daily column by a single author on any matter in any publication. This is the third time in a row that DDT has entered the Limca Book of Records.

As the citation above shows, DDT had completed 2137 issues by June 30, 2013. That is the cut-off date for Limca Book of Records for entries for the year 2014. After that date, DDT has come out with nearly 200 issues, as today's DDT is numbered 2323.

DDT is grateful for all the support from the Netizens, the Government and colleagues, who made this possible. DDT  will continue its pursuit relentlessly, with your support - to make the records straight for you. A BIG Thank You !

DDT in Limca Book of Records

DDT Enters Limca Book of Records Again - 2013

YOUR DDT has entered the Limca Book of Records - AGAIN - in the 2013 edition as the longest running daily online column on tax matters. This is the longest running daily column by a single author on any matter in any publication.

As the citation above shows,  DDT had completed 1890 issues by June 30, 2012. That is the cut-off date for Limca Book of Records for entries for the year 2013. After that date, DDT has come out with more than 150 issues, as today's DDT is numbered 2051.

It is a proud moment for all of us in TIOL that we hold the prestigious Limca record, but at the same time, we realize that we are here not for the records but to make the records straight for you.

DDT is grateful for all the support from the Netizens, the Government and colleagues, who made this possible. DDT will continue its pursuit relentlessly, with your support. A BIG Thank You!

DDT in Limca Book of Records

DDT in Limca Book of Records

DDT, TIOL'S longest running column, enters the Limca Book of Records as the longest running daily online column on tax.

DDT completed 1641 issues by June 30, 2011. That was the cut off date for Limca Book of Records for entries for the year 2012. After that date, DDT has come out with more than 150 issues.

A proud moment for all of us in TIOL that we now hold the prestigious Limca record, but at the same time, we realize that we are here not for the records but to make the records straight for you.

DDT is grateful for all the support from the Netizens, the Government and colleagues, who made this possible. DDT will continue its pursuit, with your support. A BIG Thank You!

WTO Certificate of Merit

TIOL Awarded WCO Certificate of Merit

IN a glittering function at Delhi 's National Museum, Chairman of the Central Board of excise and Customs, Shri Dutt Mazumder presented the WCO Certificate of Merit to Shri Shailendra Kumar, CEO of Taxindiaonline.com for rendering exceptional service to the international Customs Community.

 

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