News Update

RBI alerts against misuse of banking channels for facilitating illegal forex tradingEC censures Jagan Reddy & Chandrababu Naidu for MCC violationsFrance tells Xi Jinping EU needs protection from China’s cheap importsUK military personnel’s data hackedOxygen valve malfunction delays launch of Boeing’s first crewed spacecraftPulitzer prize goes to Reuters & NYTDutch, Belgian students join Gaza sit-ins by US Univ studentsIndia-Ghana Joint Trade Committee meeting held in AccraGhana agrees to activate UPI links in 6 monthsGST - Record does not reflect that any opportunity was given to petitioner to clarify its reply or furnish further documents/details - In such scenario, proper officer could not have formed an opinion - Matter remitted: HCED seizes about 20 kg gold from locker of a cyber scammer in HaryanaGST - Mapping of PAN number with GST number - No fault of petitioner - Respondent authorities directed to activate GST number within two weeks: HCGST - Circular 183/2022 - Petitioner to prove his case that he had received the supply and paid the tax to the supplier/dealer - Matter remitted: HCGST -Petitioner to produce all documents as required under summons -Petitioner to be heard by respondent and a decision to be taken, first on the preliminary issue raised with regard to applicability of CGST/SGST: HCGST - s.73 - Extension of time limit for issuance of order - Notifications 13/2022-CT and 09/2023-CT are not ultra vires s.168A of the Act, 2017: HCRequisite Checks for Appeals - RespondentInheritance Tax row - A golden opportunity to end 32-years long Policy Paralysis on DTCThe Heat is on: Preserving Earth's Climate in the Face of Global WarmingVAT - Timeline for frefund must be followed mandatorily while recovering dues under Delhi VAT Act: SCIndia, Australia to work closely for collaborative projects
 
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Ahmedabad, June 05, 2013
CX – Valuation - Just because appellant has mentioned 'exclusively for industrial use' and 'not to be sold in loose', Rule 34 cannot be compulsorily applied - unless assessee claims exemption from printing MRP under Rule 34 of SWM Rules, MRP is required to be printed - Appeal allowed: CESTAT
 
Hyderabad, June 04, 2013
I-T - Whether merely because AO order does not contain reasons as to why he accepted assessee’s claim, his order becomes susceptible for revision u/s 263 - NO: AP High Court
 
New Delhi, June 04, 2013
ST - Commercial Training or Coaching Service - CBEC Circular restricting exemption under Notification No 12/2003 only to standard text books is illegal and unauthorized: CESTAT
 
Mumbai, June 04, 2013
Customs Valuation - Strictures against Deputy Commissioner, GATT Valuation Cell, Mumbai - High Court remands matter with a direction to Commissioner to assign job to some other officer for adjudication
 
New Delhi, June 03, 2013
FSDC reviews credit quality of banking system and addl capital needs under Basel III
 
Mumbai, June 03, 2013
I-T - Whether provision made for performance awarranty nd other contractual liability as per AS-7 cannot be said to be an ascertained liability and accordingly not allowable as deduction - Partly allowed: ITAT
 
Mumbai, June 03, 2013
ST - Sugar factory renting part of premises to Bank, BSNL and post office - Bank and BSNL are commercial organizations and renting amounts to furtherance of business - claim of SSI benefit not considered by lower authority - Matter remanded: CESTAT
 
Mumbai, June 03, 2013
CHALR, 2004 - in a situation where urgent action is necessary, it would be open to Commissioner to pass immediate prohibitory order for limited period and to afford to CHA an opportunity of being heard: HC
 
New Delhi, June 02, 2013
New Defence Procurement Policy focuses on indigenisation of production
 
New York, June 02, 2013
Human Trafficking: Need to combat demand for sexual exploitation, human organs and forced marriages
 
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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.


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