TIOL - Tax News, GST, Income Tax, Service Tax, Customs, Central Excise, International Taxation, Fiscal Policy, Monetary Policy, Economy, Revenue, Judicial Decisions, Tax Rulings & Tax Videos

News Update

GST Penalty of Rs. 3731 Crores on an employee - Tax Torment Turned Triumph ‘Doomsday Clock’ inches closer to midnight - only 89 seconds away ST - Exemption claimed by assessee for providing courses rightly denied, as retroactive recognition for courses granted by varsity is insufficient to meet requirements of Section 66D; varsity also passed on incidence of tax onto students by including tax component in tuition fee: CESTAT Stampede-like situations in Maha Kumbh - Akharas call off holy bath CX - Eligibility of Cenvat Credit should not be questioned during refund proceedings if the eligibility was not disputed at the time of availing credit: CESTAT GSLV-F15 carrying navigation satellite successfully lifts off this morning CX - Central excise exemptions cannot be denied without conclusive evidence of brand ownership by another person: CESTAT White House asks federal staff to quit by Feb 6 and be paid till Sept 30 Cus - While bona fide purchasers may not escape duty liability, penalties require careful consideration of intent and due diligence: CESTAT UN says it has received Washington notification withdrawing from Paris Climate treaty Cus - Classification of goods must align with product nature and preparation levels, not solely on trade or supplier declarations: CESTAT Canada, Mexico take border measures to soften Trumpian criticism I-T- Re-assessment based on the same set of facts or same issue is tantamount to change of opinion and thus stands invalidated : HC Putin willing to talk but not with Zelensky ICG, Indonesian Coast Guard renew MoU for another 3 years American Senate blocks bill to impose sanctions in ICC I-T- Transfer of assessment between jurisdictions is valid when there is lear evidence of agreement between the Principal Commissioners concerned: HC Siddhivinayak temple to deny entry to devotees wearing short skirts Railways operating 360 trains from Prayagraj Station South Korean plane goes aflame; 176 pax evacuated I-T - Where assessee has submitted source of cash deposits from sale of scrap and also filed details of parties along with confirmations, no addition shall be made u/s 68 based on surmises: ITAT 13 Indian fishermen fired at by Sri Lankan Navy; India lodges official protest MoS commemorates CSIR-IITR's Diamond Jubilee: Commitment to Toxin-Free India Budget Session 2025 - President Murmu to address Parliament on Jan 31 I-T - Search assessment is barred by limitation where the Satisfaction Note is vague and fails to identify incriminating material: ITAT IIT Delhi report finds 55% of Indian truck drivers have compromised vision Tripura becomes first N-E State to sign MoU with Bhashini Trump threatens tariffs on nations which impose tariff on US goods; India & China in crosshairs I-T - In respect of loan transactions, onus is on assessee to prove identity of parties, creditworthiness of parties & genuineness of transaction : ITAT

Please login to view this page


Username
Password
Please Solve Math Captcha Below:


	Forgot Password!
New User	Register Here!

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

TIOL Tube

Former Prime Minister, Dr Manmohan Singh, delivering his Award Acceptance Speech after receiving TIOL Fiscal Heritage Award 2022 on Nov 8 at Taj Palace, New Delhi

January 29, 2025 | New Delhi

ICG, Indonesian Coast Guard renew MoU for another 3 years

January 29, 2025 | New Delhi

Railways operating 360 trains from Prayagraj Station

January 29, 2025 | New Delhi

MoS commemorates CSIR-IITR's Diamond Jubilee: Commitment to Toxin-Free India

January 29, 2025 | New Delhi

Tripura becomes first N-E State to sign MoU with Bhashini

December 18, 2024

Multiple Adjournments of Appeals, After Issue of Final Order - Attempt to Restore Them

November 25, 2024

Import of Elisa Test Kits and Reagents with Benefit of Notification

VISION 360 - January 2025

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

January 2025 Edition

Technical Session I - Ease of Doing Business: GST on Digital Economy

January 29, 2025

TP - Trade receivables are separate international transaction u/s 92B; are subject to transfer pricing adjustments: ITAT

January 28, 2025

I-T - If income which has escaped assessment is less than fifty lacs, then reopening notice u/s 148 can be issued only when it is within limitation period specified in Sec 149(1)(a): ITAT

January 28, 2025

SARFAESI - DRT lacks authority to 'restore' possession of secured assets to individual who is neither borrower nor in possession of assets - YES: SC

January 28, 2025

A&C - Jurisdiction of Courts u/s 34 & 37 of Arbitration & Conciliation Act, will not extend to modification of arbitral award: SC

Income Tax	Customs	Excise	Service Tax	FEMA	DGFT	SEZ	Misc	Pitara	Budget
Faceless Scheme Direct Tax Vivad se Vishwas Black Money Basket Benami Act BM Cases e-Assessment Notifications Circulars Instructions SC Cases HC Cases ITAT Cases Advance Ruling Other Cases Directorate of Income Tax (Systems) Citizen's Charter Reports	Tariff Notfn Valid Tariff Notfn Non Tariff Notfn Valid Non-Tariff Notfn Circulars Customs Tariff Act Import Tariff Export Tariff SC Cases HC Cases Cestat Cases Safeguard Duty Notfn Advance Ruling Anti-dumping Notfn Settlement Drawback Cases CVD MISC Circulars N T/CAA/DRI Customs Rules	Sabka Vishwas Scheme 2019 Central Excise Bill 2024 Valid Non Tariff Notfn CCRs - 2017 Central Excise Rules Valid Tariff Notfn Tariff Notfn Non Tariff Notfn Circulars SC Cases HC Cases Cestat Cases Advance Ruling Cesses Notifications Excise Amendment MISC Circulars Settlement Commr.(A) Order Tribunal	Sabka Vishwas Scheme 2019 Accounting Head Notifications Service Tax Rules Circulars SC Cases HC Cases Cestat Cases Advance Ruling FAQ Finance Act, 1994 Commr. (A) Orders Removal of Difficulty VCES Miscellaneous	FEO Act DIPP Notification FDI Approved Exchange Manual Fema Notifications SC Cases HC Cases RBI Notifications RBI Circulars Act Rules Regulations Master Circulars PMLA Notifications Depository Scheme Press Note	Notifications Circulars Public Notices Trade Notice FTDR Amendment 2010 MISC	SEZ - Annexures & Forms Notifications Instructions Act 2005 Rules 2006 DGEP State Acts State Policy MISC	SC Cases HC Cases VAT Cases Miscellaneous	TPRU Service News Promotion Transfer Deputation Posts Cadre Review Transfer Policy Training Circulars Recruitment Rules Pay Commission Service Cases Empanelment MISC	Budget Speeches Union Budgets Economic Surveys TRU - D. O. Letter Finance Acts Finance Bill Budget Circular Finance Commission