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Govt sets up Working Group for revision of WPI Base; CEO, GSTN, included16.15 lakh EVs incentivised under Fame-II SchemeFactory output PMI for India shrinks to 56.4 in Dec monthIndia's share of global trade in textiles and apparel stands at 3.9%PM to lay bricks for infra projects in Delhi tomorrowDARPG issues guidelines for 28th National e-Governance Awards Scheme 2025X to diversify into financial services with X TV & X MoneyLokpal Day to be celebrated on 16th January, 2025GST kitty mops up Rs 1.77 lakh Crore in December monthPopcorn Saga: Time for GST 'shakers' to do quiet rumination!US Treasury Department’s sanctions office hacked by Chinese hackersI-T - If assesse fails to offer any explanation or an unsatisfactory explanation, AO would proceed to invoke deeming provision of assuming that same is undisclosed income of taxpayer: ITATGunman goes amok in Montenegro restaurant: 10 including 2 children killedI-T - Merely because Tahasildar has left blank columns of crops grown / cultivated, is no reason derive conclusion by assuming that immovable property is capital asset: ITATGurugram cops nab 3 prized criminals after gunfightI-T - Failure of AO to specify specific limb of Sec 270A(9) under which assessee was held to have under-reported income in consequence of misreporting of income, renders levy of penalty unsustainable: ITATBulgaria & Romania become full-fledged members of EU’s Schengen pactI-T - Cash payments properly justified by journal entry and banking channel, cannot be said to be violative to Sec 269T: ITATNew Orleans Truck episode: Death toll rises to 15 + Musk calls it an act of terrorIndia's bio-economy projected to reach USD 300 bn by 2030Tesla Cybertruck explodes close to Trump’s Las Vegas hotel; Driver killedI-T - Broker of stock exchange merely acting as intermediary on behalf of clients, cannot be held to be a person who is paying any interest to clients, and hence, cannot be fastened with TDS liability u/s 194A: ITATPalestinian authorities freeze broadcast by Al Jazeera for ‘provocative content’EIC ramps up testing facilities to 78 accredited labsChina’s factory output crimps again: Caixin PMII-T - Survey fee paid to doctors for services rendered by them for ascertaining efficacy of products of pharma company, can't be called as freebies falling within meaning of Explanation to Sec 37(1): ITATSpeeding car ploughs through crowds in Orleans on New Year day; 10 killed & 30 injuredMinistry of Civil Aviation gears up to ensure preparedness for fogDGTR recommends imposition of anti-dumping duty on Acrylic solid surfaces imported from ChinaCX - Principles of natural justice do not justify delayed adjudication of matters, when a statutory time limit exists therefor: CESTATRussia imposes tourist tax to ratchet up war chestMinistry of Coal records significant growth in Coal Production in DecemberCBDT promotes 254 officers as JCIT on ad hoc basisCus - Confiscation under Section 111(d) of the Customs Act 1962 for failure to obtain an import license is upheld: CESTAT
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