News Update

Govt working on new technologies for Small Nuclear ReactorsGovt unlikely to implement Digital India Act before general elections: MoSRPF arrested 91 persons and seized narcotics valued at Rs. 3.7 Cr in Nov monthJapan House okays Bill to legalise cannabis-based medicinesMandaviya launches public awareness campaign on Cardiopulmonary Resuscitation ProgramBJP MPs who won in assembly polls, put in papers in ParliamentI-T - In absence of any finding of any constitutional infirmity in a provision, Courts are not empowered to invalidate a provision, on account of different organs of State not being involved in scrutinising each other's wisdom in exercise of duties: HCPSBs junk loans worth Rs 3.6 lakh crore in past 3 yearsFEMA - power of seizure under FEMA will be construed as an interim arrangement in aid of final adjudication; as per settled position in law, reasoning of interim order will have no impact on reasoning for final decision: HCGST - Tax paid on Solar panels are not eligible for ITC as same are used exclusively for supply of exempted electricity: AAARGST - SCN is not pregnant enough as regards foundational material to enable reasonable opportunity to petitioner to respond effectively - Cost imposed of Rs.10,000 on respondent: HCToday means...VAT amendments during GST regime - Competency and powers of StateSubsidy of Rs 5,228 Cr given to EV manufactures on sale of 11.53 lakh Vehicles: GovtI-T- Revenue authorities are obliged to apply the tax laws onto the proven facts of a case & the authority is not at liberty to presume or assume any facts: HCIndia's Nairobi-based EXIM bank to serve 15 countries in region: MinisterI-T-Adjudicating authority is obliged to record reasons for concluding as to why re-assessment proceedings have been commenced, even in ex parte proceedings: HCGovt trying to reduce dependence on imports of EVs: MoSMoody’s mood changes; lowers China’s credit rating to NegativeNaidu releases India Infrastructure Report 2023Delhi HC orders re-setting of income cap to Rs 5 lakh from Rs 1 lakh for EWS category school admissionsCOP28: Global dairy companies pledge to cut methane by cow-belching
Untitled Document

THE COB(WEB)
by Shailendra Kumar

Taxindiaonline.comt


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