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NEWS FLASH
S&P reiterates Negative credit rating; India protests
Usher in Tax & Allied Reforms in tourism-transport field to create jobs (See 'TIOL Edit')
ST - Rate of tax applicable is one prevailing at time of providing service, not receipt of payment: Delhi HC (See 'Breaking News')
Karnataka CM expands Cabinet with 28 more Ministers
I-T - Whether penalty u/s 271B is not warranted even if there is delay in getting auditor's report, which was due to change of auditor (See '2013-TIOL-369-ITAT')
UN Debate: Experts weigh clean energy, water strategies to halt 'Runaway' climate change (See 'Breaking News')
Govt stiches scheme for Financial Restructuring of DISCOMS (See 'Mixed Buzz')
Another round of India-EU BTIA concluded
Sahar Airport Customs seizes 3000 euros and gold jewellery worth Rs.58 lakhs in different cases
Various notifications amended in relation to changes made in FTP (See 'What's New')
GoM working towards granting 'functional autonomy' with accountability to CBI: P Chidambaram
CBEC extends anti-dumping duty on Persulphates imported from China and Japan for five years (See 'What's New')
China, India to be biggest investors by 2030: WB Report
I-T - Whether foreclosure charges paid to bank on housing loan can be said to be covered under definition of Interest u/s 24(b) - YES: ITAT (See 'Breaking News')
Oil Exploration Sector - Exemption Explained (See 'DDT' Column)
Notfn 41/2012-ST - Refund procedure of ST paid on Input Service (See 'ST se GST tak' Column)
Quota benefits extended to income earners upto Rs 6 lakh annually (See 'Mixed Buzz')
SAIL & RINL allowed direct import instead of going through Transchart (See 'Mixed Buzz')
Common order passed by Commr(A) - Five separate appeals to be filed before CESTAT (See 'DDT')
Whether amount belonging to Govt. exchequer can be allowed on accrual basis (See '2013-TIOL-364-ITAT-MUM')
Health gap between countries is narrowing: UN Report (See 'Mixed Buzz')
Union Cabinet amends income threshold to exclude socially advanced persons from list of other Backward Classes + okays proposal to allow SAIL & RINL to charter ships for direct import instead of going through Transchart
Malaysian Cabinet includes six Indian-origin Ministers
CBI inks MoU with FIU-India on exchange of information relating to economic offences
CBEC clarifies on difficulties being faced in availing exemption relating to Oil Exploration Sector (See Cir 21 in 'What's New')
CBEC notifies Customs exchange rates w.e.f May 17 (See NT 54 in 'What's New')
President appoints Lt Gen (Retd) Nirbhay Sharma as Governor of Arunachal Pradesh
Local Body Tax: Much Ado About Nothing! (See 'The Cob(Web) Column)
VCES, 2013 - The carrot and guillotine policy? (See 'DDT' Column)
National Pension System schemes earn double-digit returns (See 'Mixed Buzz')
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