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America's sanctions-bazooka spawns billion-dollar lobbying industry in Washington!India unveils AI Data Bank to propel InnovationIndia hails resumption of FTA dialogue with UKSignificant progress made under National Logistics PolicyTRAI takes steps to combat spam calls and SMSCoal import by Thermal Plants & non-regulated sector declines in last 6 monthsI-T - Bonus shares that have been distributed to assessee without any consideration, does not amount to income: HCInflation is no risk to India’s growth story: DEA SecretaryBlack Money Act - Initiation of prosecution u/S 51 Black Money Act not dependent on completion of assessment proceedings u/S 10 for tax evasion: HCNY Court indicts Gautam Adani on bribery charge in solar energy dealI-T - AO must consider identity and creditworthiness of depositors on basis of documents placed on record by assessee, before making any addition u/s 68: HCApple offers USD 100 mn investment in Indonesia after ban on iPhoneI-T- Absence of any material available on record to have live nexus with information received by AO invalidates re-assessment: HCAmerican Senate stalls move to block military sales to IsraelI-T - If trust has incurred expenditure and applied income/donation received by it for charitable purpose, then such trust is entitled to benefit of same: HCAustralian law moots USD 30 mn fine on social media if under 16 users are not kept at arm’s lengthI-T- Assessee's 'right to collect toll' is not an ‘intangible asset' under explanation 3(b) of Section 32(1)(ii): ITATUK Parliament okays legislation to re-nationalise rail servicesST - There is no service on which Cenvat Credit was availed in providing renting of immovable property service therefore the condition mentioned at clause (ii) of notification 33/2012-ST is not relevant: CESTATPainting depicting surrealism auctioned for USD 121 million in NYCus - The department cannot file an appeal against order passed by Commissioner under Customs Brokers Licensing Regulations, 2013: CESTATISRO targeting 10% of global space economy in next 20 yearsCX - Clandestine clearance - Department unable to substantiate the charge by way of corroborative evidence; case built on presumptions & surmises, hence not tenable: CESTAT
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