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News Update

CBIC revises tariff value of gold, silver & edible oils US steeply hikes tariffs on many Chinese goods; New regime to come into force from Sept 27 China’s law-making body okays proposal to hike retirement age - for men, from 60 to 63; for women in white collar job, from 55 to 58 and women in blue collar job, from 50 to 55 Onion exports - Govt revokes minimum price clause Asia Pacific Ministerial Conference on Civil Aviation adopts Delhi Declaration PMLA - Once accused has got bail in money laundering case despite stringent conditions under PMLA, his further detention in predicate offence by CBI under Prevention of Corruption Act, is untenable: SC (See 'TIOLCorplaws')FM accused of humiliating owner of Kovai restaurant chain in Coimbatore; Annamali tenders apology on behalf of party functionaries 'DakGharNiryat Kendra' playing key role in connecting local entrepreneurs to global market Cus - Smuggling of 5kg gold - Only on the basis that the vehicle used in the crime was in the name of the applicant's brother, gravity of offence cannot be mitigated - Application for anticipatory bail rejected: HC India to be Exclusive Partner for European Hydrogen Week in Nov 2024 Cus - Revenue is directed to consider the application of petitioner seeking release of seized gold bars/cutting bars: HC Microsoft India purchases land worth Rs 453 Cr in Pune CBDT to participate in Special Campaign 4.0 GST - SCN does not mention any proposal to cancel registration with retrospective effect - Petitioner to exercise efficacious remedy of statutory appeal: HC Vice President of India lambasts Rahul Gandhi for anti-India behaviour GST - Registration cancelled pursuant to directions received from Anti-Evasion branch - Such communication was neither mentioned in SCN nor accompanied it - Violation of principles of natural justice: HC Footwear Design Institute inks 4 MoUs with Research Institutes GST - Unauthorised persons accompanying raiding team and copying data from computer - No panchanama drawn - Since petitioner has complained to police, Bench has no reason to believe that the said complaint will not be processed: HC SC grants bail to Kejriwal in liquor case GST - Cancellation of a taxpayer's registration does not absolve the taxpayer from being held accountable for any statutory non-compliance or absolves it from any liability: HC Classification of auto-components- The phoenix raises again Gas leak for chemical factory in Maharashtra scares people Odisha reserves 10% reservation for former Agniveers in State Uniform Services DEA notifies new Forex Compounding Rules

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TIOL Tube

TIOL Tube brings you an interview with former US Secretary of Treasury, Mr. Larry Summers who was recently in Delhi.

September 13, 2024 | New Delhi

Asia Pacific Ministerial Conference on Civil Aviation adopts Delhi Declaration

September 13, 2024 | New Delhi

'DakGharNiryat Kendra' playing key role in connecting local entrepreneurs to global market

September 13, 2024 | New Delhi

India to be Exclusive Partner for European Hydrogen Week in Nov 2024

September 13, 2024 | New Delhi

CBDT to participate in Special Campaign 4.0

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September 09, 2024

Undervaluation of Imported Aluminium Scrap

August 19, 2024

Interest on delayed payment of IGST on imported goods

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

September 2024 Edition

Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

September 12, 2024

INTL - Section 127 does not provide for mandatory personal hearing; order passed following transfer of assessment, cannot be assailed merely because personal hearing was not granted: HC

September 12, 2024

INTL - Once interest income is subject to tax in any manner in hands of assessee, then corresponding credit has to be given: ITAT

September 13, 2024

Trademarks Act -Rights bestowed upon assignee does not originate directly from execution of Assignment Deed, rather than its later registration: HC

September 13, 2024

PMLA- amount of proceeds of crime lying in fixed deposit in name of SP,CBI was not likely to be concealed, transferred or dealt with in manner which may frustrate proceeding for confiscation: TRIBUNAL

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