News Update

CBIC issues transfer order of 13 Pr Commissioners & CommissionersPM takes off for 3-day official visit to USAfter death of EY’s Chartered Accountant due to work pressure in Kerala, Tharoor pitches for 40-hour work weekST - demand based on obsolete tax provisions & incorrect categorization was rightly quashed by CESTAT, hence findings upheld: HCWhite House says Quad may decide on extending maritime pact to Indian OceanCus - Order-in-Original is invalidated where passed without granting opportunity of personal hearing: CESTATEarly in-person voting begins in USCus - Where Department seizes imported goods without any protest from the importer & where method of measurement of goods was not challenged before its clearance, then O-i-O demanding tax & interest cannot be faulted; confiscation of goods upheld as well: CESTATIsrael terminates Hezbollah’s top commander in precision attackCX - It is incumbent on Department to ensure procedural fairness & transparency; Assessee not properly notified of change in relevant Rules of Central Excise Rules 1944 or given fair opportunity to contest revised assessment; demand quashed: CESTATOver 100 killed as cartel violence surges in MexicoI-T - Newspaper publication activity (which had resulted into losses or nominal profits during the relevant previous years), cannot be regarded as activity in the nature of trade commerce or business: ITATUkraine drums out official use of Telegram App, fearing Russian spyingI-T - Allegation of rigging share prices & providing accommodation entry- charges dropped where not backed by cogent evidence: ITATUS to grant USD 3 bn to 25 battery manufacturing projectsI-T - Ad hockey disallowance rightly quashed where assessee produces requisite evidence: ITATMercedes steps out of luxury EV JV with BYDGoyal to participate in 21st ASEAN-India Economic Ministers meetingBangladesh laces up to seek Hasina’s extradition from IndiaModern Kisan Chaupal - Lab to Land to be launched in October: ChouhanSC initiates suo moto proceedings against Karnataka HC Judge Justice V Srishananda for controversial statementsNACIN, Palasamudram, holds conference on eforcement of IPRsCBDT Notifies Vivad se Vishwas SchemeGoyal discusses rising freight cost, shipping delays & congestion at the portsCustoms - First Schedule - Chapter 98 - Clarificatory explanation on 'laboratory chemical' insertedIndia grants USD 50 mn budgetary support for one more year to MaldivesFATF smacks on India's back for measures to tackle illicit finance
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TIOL Tube brings you an interview with former US Secretary of Treasury, Mr. Larry Summers who was recently in Delhi.

AR not Afar by SK Rahman



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