News Update

CX - Issue which is raised before the Bench pertains to an order relating to the rate of duty of excise - In the light of statutory embargo laid down in s.35G(1), appeals are not maintainable: HCIndia, EU to work together at COP26GST - Petitioner is made to run from pillar to post only because data of IGST refund is not transmitted from GSTN to ICEGATE - That is not petitioner's problem - Refund to be granted along with interest @9% and costs of Rs.25000/-: HCIndia Internet Governance Forum to be held in Nov 2021GST - Respondent had scrupulously followed s.75(4) but it was the appellant who chose not to avail the opportunities of personal hearing - no violations of principles of natural justice: HCMoS felicitates toppers of Civil Services Exam 2020US also successfully tests Hypersonic missile techSales tax dues cannot be recovered against a private limited company by attaching personal property belonging to company's Managing Director : HCEU leaders support sanctions proposal against Poland over violation of rule of lawNITI Aayog's Atal Mission launches digi-book 'Innovations for You'China turns angry eyeball towards business publication; removes Caixin from Internet Regulator’s listCX - Till 2016 amendment, it was the option of assessee either to avail entire credit in one unit or to distribute in their different units therefore, taking credit in one unit is not illegal or wrong: CESTATGovt notifies Gold Bond Scheme 2021-22; Scheme to have distinct series for every trancheI-T - Error of stating tax payable as total income, when filing ITR, does not amount to concealment of income or furnishing inaccurate particulars of income : HCRBI amends Regulations for debt instruments to define InvIT and REITI-T - Order passed by NFAC is unsustainable where assessee is not given personal hearing & replies to SCN are not considered: HCCOVID-19: Daily caseload climbs to 4.5 lakh, globally + death count rockets beyond 7100 including 232 in India & 115 in UKI-T - Purchases made against cash cannot be deemed to be bogus based on presumptions alone : HCKerala to receive fresh rains; At least 65 killed in Uttarakhand floodsI-T - Term 'put to use' in proviso to sec. 36(1)(iii) is applicable to capital asset & income-earning apparatus facilitating business activity : HCIndia finalising guidelines to export refurbished weapons to friendly nationsI-T - Since difference in valuation between value determined by stamp duty authority and declared as sale consideration is less than 10%, no addition is warranted u/s. 56(2)(vii)(b)(ii) : ITATG20 fails to agree on phasing out coalI-T - AO's order that does not reflect proof of enquiry of proposed disallowance can be set aside u/s 263 as being erroneous and prejudicial to interest of revenue :ITATWHO says over 1.8 lakh doctors may have succumbed to COVID-19I-T - Interest income earned by co-operative society from co-operative bank is allowed as deduction u/s 80P(2)(d) : ITATGoogle trims subscription fee for Play Store to 15% from Jan 2022I-T - AO's order, passed after conducting necessary enquiries and considering entire material available on record, cannot be set aside u/s 263 as being erroneous and prejudicial to interest of revenue : ITATDelta’s sub-variant AY.4.2 turns out to be more transmissible, says RussiaNext Pandemic knocking on Door! A Siren in Time would certainly save Nine!
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Parliament should periodically debate CAG reports
Published: December 23, 2016
Invoke Cooperative Federalism to Check Tax Uncertainty
Published: December 02, 2016
Piecemeal initiatives like Demonetisation can't kill black money & bribery
Published: November 11, 2016
Policy makers in debt-stressed nations should act on IMF's recipe
Published: October 20, 2016
Rail Budget merger without holistic reforms implies window-dressing
Published: September 28, 2016
Fast-track enactment & enforcement of anti-corruption laws
Published: September 02, 2016
Pool CAG's compliance audit findings into State of Governance Report
Published: August 13, 2016
Shed inertia over public debt reforms
Published: July 28, 2016
Manage PM-defined 'personal Sector' By Monitoring Mudra & Its Ilk
Published: July 13, 2016
Revenue Deptt. can do wonders if it follows PM's RAPID mantra
Published: June 22, 2016
Capital Good Policy Execution can make or mar or #Make In India
Published: June 03, 2016
Smugness over pace & direction of Fiscal Reforms not good for growth
Published: May 13, 2016
Galloping wilful defaulters mock at Indian banking sector
Published: May 06, 2016
Panama Papers give timely stimulus to global tax cooperation
Published: April 20, 2016
Modi Govt to shift gears from incremental reforms to innovative ones
Published: April 03, 2016
India needs Transformational Agenda to check revenue leakages
Published: March 16, 2016
Manage NPAs through a multi-facet approach
Published: February 26, 2016
Budget should fresh light on GAAR and BEPS
Published: February 10, 2016
Substitute piecemeal approach with a composite one to fuel growth
Published: January 24, 2016
Substitute piecemeal approach with a composite one to fuel growth
Published: January 08, 2016