News Update

Riyadh to host WIPO talkfest to conclude Design Law TreatyJapan launches world’s first wooden satellitePM Vidyalaxmi - Central scheme to fund higher education for meritorious studentsGST - HC had held that petitioner should avail statutory remedy by filing appeal u/s 107 - SLP filed against this order dismissed: SC LBCabinet approves Rs 10700 Crores ways and Means Advance for FCIIndia’s services PMI jumps to 58.5 in Oct monthGST - Whether cash can be seized u/s 67 of the Act, 2017 - Conflict between interpretation adopted by Delhi HC and Madhya Pradesh HC - Notice issued: SCCBDT's special drive clears over 3.20 lakh files; over 53000 public grievances resolvedGST - Petitioner should avail statutory remedy u/s 107 by filing appeal - Petitioner is also at liberty to approach office of respondent to procure copy of SIB report: HCWorld Travel Market - GoI delegation aims for increased tourist footfall from UKGST - Search and seizure operations u/s 67 are not for the purpose of seizing unaccounted income - said field is covered by the Income Tax Act, 1961: HCHarris loses Swing States; Trump inches close to victory mark; PM Modi congratulates TrumpDues and Don'ts of Voluntary PaymentsJudiciary ideates digitally transformed CourtroomsJaishankar says whoever wins, America will be more isolationistI-T- Re-assessment cannot be commenced in respect of certain income which is subsequently found to be beyond the jurisdiction of Indian tax authorities: HCFrench tax authorities raid Netflix offices in ParisI-T- Re-assessment is invalidated where commenced based on incorrect factual assertions made by AO & where AO omits to consider the evidence presented: HCGaganyaan Mission moved to 2026 as ISRO to focus on safetyI-T- An assessee who fails to avail opportunity granted to make submissions & produce documents in support of thereof cannot complain about violation of natural justice: HCSouth Korea fines Meta for privacy violationsI-T- Sine qua non for invoking power of revision is that the original assessment order must be erroneous as well as such that it causes loss of revenue: HCGoP wins West Virginia Senate seat; Democrat captures North Carolina’s Governor seatI-T- Additions framed u/s 68 merit being sustained in part, where assessee fails to substantiate source of funds in question : ITATPM E-DRIVE Scheme: Electric Vehicle Sales SoarGOP, Democrats spend USD 3.5 bn in latest pollsVAT - Assessment order is invalidated where passed without granting opportunity of personal hearing, leading to contravention of the principles of natural justice: HCExit Polls reveal over 70% voters believe democracy is on knife’s edgeMinister launches Phase - II retail sale of Bharat Atta and Bharat RiceMichelin to shut down two plants in EuropeIndia-Qatar FIUs meet in New Delhi to enhance cooperationIRSO girds up to launch Proba-3 Sun Observation Mission next month: MoSUK to table bill to foster ‘smoke-free generation’

TODAY'S CASE (DIRECT TAX)

TODAY'S CASE (INDIRECT TAX)

What's New (Others)

Income Tax Notification 117
Income Tax Circular
Customs Tariff Notification
Customs NT Notification
Customs Circular
Anti Dumping Notification
DGFT Notification
DGFT Public Notice

What's New (GST)

CGST Rule Notification

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CGST Rate Notification
CGST Circular
IGST Rule Notification
IGST Rate Notification
UTGST Rate Notification
UGST Rule Notification
Cess Rate Notification

TIOL Tube Latest

Conferment of TIOL Awards 2024. The event was held on October 1, 2024 at Taj Palace, New Delhi



Technical Session I - Ease of Doing Business: GST on Digital Economy