News Update

EC hints at new rules to make parties explain how they would bankroll tall promises made during pollsCus - Delay in NOC by FSSAI - Demurrage charges - Transportation of imported articles from the custodian warehouse to a public warehouse is not prohibited under the provisions of 1962 Act: HCNobel Prize in Physics goes to 3 scientists - Alain Aspect, John Clauser & Anton ZeilingerCus - Refund of TED - Issue no longer res integra - Respondent is directed to grant credit of the amount of duty paid in the electronic credit register: HCGST - Not dropping google pin does not appear to be deliberate disobedience - Petitioner has given sufficient explanation - Order of lower court set aside: HCPMLA Court extends custody of Sena leader Sanjay RautStrict Interpretation in Taxing Statutes - To what extent?I-T - Public functionary can be held liable for malicious acts in name of excercise of power : HCGovt issues Advisory against ads of betting on TV & Digital MediaI-T - If figures of sales and purchase were not doubted by AO, he cannot make additions on presumption of bogus purchases: HCScindia inaugurates direct flights between Bilaspur to IndoreI-T - In absence of enabling provisions, CPC Bangalore lacks jurisdiction to make any disallowance in order u/s 143(1): ITATWith tech developments, affordability of broadcasting services can be further improved: DoT SecretaryI-T - Additions framed on account of alleged cash receipts are invalid where no witnesses to such payments are available to testify & are based solely on statements: ITATRetail prices of edible oils expected to come down further: GovtI-T - Once income of trust is applied for its objects and stands maintained in seperate books of account, trust is eligible to claim exemption u/s 11: ITATImport duty on Platinum, Palladium & rhodium revised to 1.5% for specific useI-T - Rejection of valuation of shares as per DCF method is without any evidence on record and can not be upheld : ITATMoF notifies 7.1% interest rate for GPF w.e.f Oct 1, 2022VAT - Entry tax can be imposed on basis of stock transfer price instead of ELP: HCAnti-dumping duty on ‘Fishing Net’: DGTR initiates sunrise investigationMumbai Airport Customs nabs pax with 980 gm cocaine + Delhi Customs recovers drugs worth Rs 9 Cr from Liberian paxJapan hoots siren as North Korea fires intermediate range ballistic missile over part of Hokkaido islandArchaeologists find 44 gold coins of Byzantine Empire during 7th Century
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