News Update

Oh mon Dieu! GST Council canoeing away from basic design at every meeting!DRI seizes gold worth Rs 2.35 Cr at Ahmedabad AirportThe Coconut Oil Story - Tale of Tresses and TaxesAP Police busts illicit gambling operation; 30 arrestedNHAI undertakes pilot project to prevent stray cattle related accidents on NHsPak airstrikes kill 46 people, mostly women & children, in AfghanistanSpoofed international calls from Indian numbers down from 1.35 Cr to 6 LakhsNo Christmas for Ukraine; Russia launches intensified strikesAmantya Tech awarded Grant to develop Carrier-grade 5G SA Core under TTDF SchemeChina’s slowdown forces De Beers to pile up diamond stocksPM meets eminent economists at NITI AayogChina launches drive for single people to date, marry and produce childrenI-T- Provisions of Section 148 do not restrict issuance of subsequent re-assessment notices after prior proceedings, provided they are within limitation period: HCJustice Sanjay Kishan Kaul appointed to 9-member Bahrain International Commercial CourtI-T- Rejection of the books is a necessary precondition to disallow expenses : HCSecretary-level reshuffle: ACC appoints Arunish Chawla of Bihar cadre as new Revenue Secretary + Rachna Shah as new DoP&T SecretaryI-T - While estimating gross profit, industry gross profit which is running business and that gross profit shown by comparable cases, should be considered: ITATKerala Governor Arif Md Khan swaps slots with Bihar Governor Rajendra Arlekar + Former Home Secy Ajay Bhalla goes to Manipur as GovernorI-T - Assessee must be given opportunity to produce documents which apparently prove genuineness of all loans received from alleged dummy companies: ITATAzerbaijan Airlines plane crashes with 72 pax in Kazakhstan; At least 28 surviveI-T - AO cannot make addition u/s 68 if nature & source of deposit is duly explained: ITATNFRA imposes fine of Rs 2 Crore on Deloitte for serious discrepancies in Zee AuditI-T - Cultivation and sale of white button mushroom is to be treated as agriculture activity resulting in agriculture income, exempted u/s 10(1): ITATKhel Ratna controversy deepens with players voicing concerns against exclusionCX - Where assessee reverses entire CENVAT credit amount used for both dutiable & exemption products, before adjudication process, then provisions of Rule 6(3) of CCR 2004 will not apply: CESTATUnion Minister Rajiv Ranjan Singh says NDA to fight Bihar polls under Nitish Kumar leadershipST - Cenvat credit in respect of Outdoor catering, repair and maintenance & insurance services is allowed where these services are availed in respect of assessee's own business: CESTATIran revokes ban on Google Play and WhatsAppST - Demands based on statements taken under Section 9D of Central Excise Act 1944, which were later retracted, are not tenable: CESTATRussian cargo ship goes down after blast in MediterraneanST - Activity of packing bulk packs into retail packs amounts to manufacture; activity amounting to manufacture will not attract Service Tax levy: CESTATJPC on One Nation one Election to meet on Jan 8Cus - Penalty is incorrectly imposed under subsections 112(a) & 112(b) where the requisite legal foundation is missing & where appellants' specific role in contravention of Customs provisions, is not made out: CESTAT
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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