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News Update

Union Minister chairs meeting of House Panel on power CX - Since the duty and interest had already been paid before issuance of show cause notice, no penalty is warranted : CESTAT Govt enhances GeM Platform to boost inclusivity for women-led enterprises ST - As is trite law, reimbursable expenses incurred by service provider while providing service, are not to be included in taxable value; extended limitation not to be invoked where issue involves legal interpretation & not based on fraud or wilful mis-statement: CESTAT

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March 22, 2025

I-T - All dues including statutory dues owed to Central Government, if not part of Resolution Plan, shall stand extinguished: SC

March 22, 2025

I-T - Genuineness of transaction cannot be questioned when source is properly explained: ITAT

March 22, 2025

I-T - CSR donations are allowed for deduction under section 80G : ITAT

March 22, 2025

I-T - Income from manufacturing activities shall be treated as eligible income for purpose of accumulation u/s 11(1), if artificial limbs for disabled persons were manufactured from property held in trust: ITAT

March 22, 2025

I-T- Delay in filing application for renewal of Section 80G merits condonation for representation before CIT(E), if such delay was caused due to error in filing Form 10A by consultant who was not well aware of procedure: ITAT

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March 22, 2025

Cus - Valuation Rules provide that transaction value can be rejected if there are reasonable doubts about its truth or accuracy; as no identical goods were available, Rule 5 was correctly applied to determine value based on similar goods - Re-assessment of value upheld: CESTAT

March 22, 2025

Cus - Just because an auction is open to global bidders does not change the fact that sales occurred in Ireland's domestic market, since the customs valuation relied solely on these auction prices, entire revaluation process is invalid : CESTAT

March 22, 2025

CX - Since the duty and interest had already been paid before issuance of show cause notice, no penalty is warranted : CESTAT

March 22, 2025

ST - As is trite law, reimbursable expenses incurred by service provider while providing service, are not to be included in taxable value; extended limitation not to be invoked where issue involves legal interpretation & not based on fraud or wilful mis-statement: CESTAT

March 21, 2025

GST - Proviso to Rule 90(3) inserted by 15/2021-CT was not in the statute when refund claims were originally filed or later re-presented - Therefore, it cannot be given retrospective effect: HC

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February 17, 2025

I-T Bill 2025: Your WhatsApp & Your Income come under radar

February 10, 2025

Personal Income Tax - 'Secret' driver for future revenue growth

January 29, 2025

Virtual Digital Asset - Development of Statute-led Jurisprudence in India

January 13, 2025

Income Tax Refund: Can it be managed better?

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March 20, 2025

New Income Tax Bill 2025: A dismal reality of missed opportunity!

March 13, 2025

GST - Retro Taxation - Legislature needs to avoid ' Retrocasuality '!

March 06, 2025

Ratan Tata to remain a tough role model for rich human values!

February 27, 2025

Trump 'plots' endgame for romanticism of Atlanticism!

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View All Cob(Web)s on GST»

Income Tax Notification	20
Income Tax Circular	04
Customs Tariff Notification	18
Customs NT Notification	14
Customs Circular	07
Anti Dumping Notification	04
DGFT Notification	66
DGFT Public Notice	51

CGST Rule Notification	10
CGST Rate Notification	08
CGST Circular	247
IGST Rule Notification	04
IGST Rate Notification	08
UTGST Rate Notification	08
UGST Rule Notification	02
Cess Rate Notification	01

March 19, 2025

It all began in 1860...

March 12, 2025

How Many Days Make a GST Month?

March 05, 2025

Arrest But Carefully

February 26, 2025

Cash and Chaos

February 19, 2025

NO GST Registration because you are from another State!

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March 17, 2025 | By Hunny Munjal

First things First - The DIN!

March 15, 2025 | By R K Singh

Customs has no power to modify FOB value, declaims CESTAT-Really?

March 13, 2025 | By D Kalirajan & Akhil N Jitheesh

Direct Port Delivery facility - Ambiguities in procedure

March 10, 2025 | By Ashwarya Sharma

Beneficial circulars apply retrospectively while restrictive circulars apply prospectively

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January 20, 2025

Sankalp Se Siddhi - Dr Manmohan Singh's way

November 23, 2024

Depleting Coffers - Regulating Political Guarantees is the need of the hour

October 16, 2024

Introspect Exuberance Over FATF's Report on India

August 05 , 2024

Longest 'Glide Path' for 'Nimble' Fiscal Policy Deepens Uncertainty

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January 31, 2025

Would Budget 2025 - 2026 Unveil Action Agenda for Viksit Bharat?

December 04, 2024

G20 declaration - Taxing super-rich's wealth - Making Modi Govt. accountable

October 09, 2024

The Elephant should retreat!

August 12, 2024

Persisting Flaws & Opacity Curb GST as 'Still Work in Progress'

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TIOL Tube

Shri Shailendra Kumar reading Citation for Sir Ratan Tata.

March 22, 2025 | New Delhi

MoS releases 'India Bioeconomy Report 2025'

March 22, 2025 | New Delhi

C-DOT partners with Delhi IIT for AI-powered chatbot for disaster warnings

March 22, 2025 | New Delhi

3.5 lakh houses approved under PMAY Scheme

March 22, 2025 | New Delhi

Union Minister chairs meeting of House Panel on power

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VISION 360 -
'A Treasury of Key Tax &
Regulatory Developments!'

February 2025 Edition

Building a Resilient Backbone: The Critical Role of Tech-Savvy Finance, Legal, Tax, and M&A Teams in Sustainable Growth

Shri Vijay Kumar delivering welcome address at TIOL Congress 2025.

Justice C V Bhadang addressing the gathering at TIOL Congress 2025.

March 21, 2025

I-T - If necessary requirements to claim benefit of MFN clause does not get satisfied, no treaty benefit can be claimed on dividend income: ITAT

March 21, 2025

TP - In absence of availability of price of electricity in open market, best alternative available with TPO is to benchmark transactions in accordance with computation of ALP as mentioned u/s 92C r.w. Rule 10B: ITAT

March 21, 2025

IBC - assignment of debt by a related party to a third party with intent to influence CIRP proceedings & circumvent the restrictions u/s 21(2) of the IBC is impermissible: NCLAT

March 21, 2025

Arbitration Act - Appellant is merely taking chance at obtaining an interim measure of protection without any intent to recommence arbitral proceedings: HC

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