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Monday , May 20, 2013 | Updated : May 19, 23:07 IST
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NEWS FLASH
 
Centre mulling over New Law to deal with betting in sports SC tries to insulate cooperative banks from political interference by laying down guidelines Psychotropic substances not listed in Schedule I to NDPS Rules - Not prohibited under NDPS - No error in order of Special Judge, NDPS: HC (See 'Breaking News') ST - appellant voluntarily paid almost 80% of tax due and balance before issue of SCN - It is a fit case for invoking Sec 80 - Penalties set aside (See '2013-TIOL-751') Labour Conclave resolves to provide Universal Social Security coverage (See 'Breaking News') TNVAT - Whether a transporter can claim release of goods after payment of taxes, even if he is not real owner of goods (See '2013-TIOL-408-HC') Eight countries furnish Action Plans to UN to combat illegal trade in elephant ivory (See 'Mixed Buzz') 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)
 


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