News Update

GST - s.107(11) - There is no fetter on the powers of the appellate authority to modify the order passed u/s 130(2) by the adjudicating authority: HCCBDT amends jurisdiction of Pr CCITs in many citiesGST - Statutory mandate of sub-section (4) of Section 75 is that a personal hearing should be provided either, if requested for, or if an order adverse to the taxpayer is proposed to be issued: HCCCI invites proposal for launching Market Study on AI and CompetitionGST - Documents with regard to service of notice could not be located; that impugned orders came be to be passed without an opportunity being granted to Petitioner to submit documents and being heard - Matter remanded: HCIndia initiates anti-dumping duty probe against import of Telescopic Channel drawer slider from ChinaAFMS, Delhi IIT ink MoU for collaborative research & trainingCX - The activity of waste water treatment is part of manufacturing activity and any activity which is directly or indirectly in relation to manufacture would be eligible for credit: CESTATDoP&T notifies fixation of Himachal IPS cadre strength and amendment in pay rulesIndia, Cambodia ink MoU for HRD in Civil ServiceBengaluru Airport Customs seizes 10 yellow anacondas from check-in baggageST - Appellant has collected some service tax from service recipient, which has been deposited with Department, same shall not be refunded to appellant: CESTATDelhi daily air traffic goes beyond 4.7 lakh paxGovt organizing National Colloquium on Grassroots Governance2 Telangana students killed in road accident in USI-T- Addl. Commr. or above ranking officer to probe how I-T portal reflected demand being raised against assessee, despite Revenue not having issued any notice or passed any order against assessee: HCAnother tremor of 6.3 magnitude visits Taiwan; shakes tall buildingsI-T- Donations given out of accumulated funds u/s 11(2) are not allowable as application of income for charitable or religious purposes and the same shall be deemed to be income of assessee : ITATYou are arrogant Mr Musk, says Australian PM over Sydney stabbing video banI-T- Additions framed u/s 68 are unsustainable, where assessee proved identity, genuineness & creditworthiness of creditors from whom unsecured loans were received : ITATUnited Health reports theft of huge Americans’ dataI-T - Travelling conveyance expenses should be disallowed to extent of bills which were not verifiable and have no nexus with business of assessee: ITATEarth Day: Biden announces USD 7 bn grant for rooftop solar panelsI-T - While computing capital gain, value of consideration reduced by cost of improvement and cost of acquisition and also expenditure incurred for transfers are to be considered: ITATOECD to release annual report on Tax Inspectors without Borders on April 29I-T- Reasonableness of an expenditure has to be adjudged from the point of view of the businessman and not of the Revenue: ITATEU introduces easy Schengen Visa rules for IndiansI-T- There is no justifiable basis for making addition u/s 69 for unexplained investment to surrendered business income which has been duly offered in return : ITATRIL reports Rs 21K Crore profit in Q4I-T- Leasehold rights in land are not within purview of section 50C of Act : ITAT
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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.




Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.