Budget Update
Income tax hands over Rs 1700 Cr tax demand to Congress Party
GST - Neither SCN nor the order spell out the reasons for retrospective cancellation of registration, hence cannot be sustained: HC
Stage-2 of Vikram-1 orbital rocket successfully test-fired
GST - Non-application of mind - If reply was unsatisfactory, details could have been sought - Record does not reflect that such exercise was done - Matter remitted: HC
Houthis claim UK has not capability to intercept their hypersonic missiles
GST - Merely because a taxpayer has not filed returns for some period does not mean that registration is required to be cancelled with retrospective date also covering the period when returns were filed and taxpayer was compliant: HC
Israeli forces kill 200 Palestinians at Gaza medical complex & arrest over 1000
GST - Petitioner's reply, although terse, is not taken into account while passing assessment orders - Petitioner put on terms, another opportunity provided: HC
Unveil One Nation; One Debt Code; One Compliance Rule for Centre & States
China moves WTO against US tax subsidies for EVs & renewable energy
More on non-doms - The UK Spring Budget 2024 (See TII Edit)
Notorious history-sheeter Mukhtar Ansari succumbs to cardiac arrest in UP jail
Training Program for Cambodian civil servants commences at Mussoorie
NY imposes USD 15 congestion tax
CBIC revises tariff value of edible oils, gold & silver
45 killed as bus races into ravine in South Africa
CBIC directs all Customs offices to remain open on Saturday & Sunday
Bankman-Fried jailed for 25 yrs in FTX scam
I-T- Once the citizen deposits the tax upon coming to know of his liability, it cannot be said that he has deliberately or willfully evaded the depositing of tax and interest in terms of Section 234A can be waived: HC
Houthis attack continues in Red Sea; US military shoots down 4 drones
Federal Govt hands out USD 60 mn to rebuild collapsed bridge in Baltimore
I-T - Receipts of sale of scrap being part & parcel of activity and being proximate thereto would also be within ambit of gains derived from industrial undertaking for purpose of computing deduction u/s 80-IB: HC
Canadian School Boards sue social media titans for 4 bn Canadian dollar in damages
Former IPS officer Sanjiv Bhatt jailed for 20 yrs for planting drugs to frame lawyer
Cus - No Cess is payable when Basic Customs Duty is found to be Nil: CESTAT
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