News Update

Govt decides to regulate sugar exports w.e.f 1st June, 2022Thieves rob house of goods worth Rs 20 lakhs in Goa & leave behind ‘I Luv U’ note for ownerBillionaire Soros tells Davos crowds - Xi & Putin together means 3rd WW is nearMohit Minerals - mining disasterI-T- Re-opening of assessment is unsustainable where the order u/s 148A(d) is issued by a non-jurisdictional AO : HCCoal production rises to 34 Million Ton in H1 of May monthI-T - Addition of undisclosed investments u/s 69 can be upheld when assessee fails to explain contents of documents found during search : ITATSAIL's revenue crosses Rs one lakh CroreI-T - Re-assessment is invalid if based on very same facts which were available at time of original assessment : ITATGoyal urges businesses to look at boosting value added exportsI-T - Error in filing claims does not disentitle assessee from claiming a lawful expenditure : ITATAI to make roads in India safer to driveI-T - Onus rests with the AO to establish that rent receivable is lesser than ALV of property in question: ITATAnti-dumping duty on Decor Paper & Ceramic Tableware extendedCus - Customs authorities (DRI officials) have no power or jurisdiction to inspect or seize goods in respect of units situated in SEZ area prior to 2016: HCGovt caps sugar exports to 100 lakh tonnes from June 1Govt exempts from import duty 20 lakh MT of crude sunflower seed oil & soybean oil under TRQ SchemeClimate change - Heavy rains rain down deaths - 39 killed in UPCOFEPOSA - Casual and Cavalier - Purpose of a detention order is preventive in nature and not punitive - Taking no diligent effort to serve detention order is fatal to the case - Order quashed: HC150 GPS-equipped E-buses with CCTV cameras introduced on Delhi roadsGST - Matter requires consideration on the issue of liability to pay GST and royalty, petitioner is granted 'six weeks' time to file counter affidavit, until further order of this Court, demand of GST and payment of royalty shall remain stayed: HCTedros back in hot seat as WHO boss after formal electionCus - Findings recorded by Competition Commission of India would have no relevance when the DA proceeds to take a decision in the context of imposition of anti-dumping duty: CESTATLatest rumour spreading in China - US willy-nilly unleashed monkeypox virusST - In the absence of any suppression of fact, the demand raised under longer period will not sustain: CESTATGlobal oil shortage! Aramco warns as fresh investments sinkAirbnb decides to down shutters for domestic business in ChinaYet another shooting - 10 school children & one teacher gunned down in TexasFBI says it foiled bid to attack George Bush in revenge for Iraq attackChina stretches Zero-Covid policy to home disinfection driveSamsung, Stellantis pump in USD 2.5 bn in US battery factoryDuma posses bill to eject Western news offices out of RussiaOmicron - N Korea reports 1.35 lakh cases + 83K in Taiwan & 5700 in SingaporeGlobal food crisis fuels fears of protectionismGunmen open fire in hotel, bars in Mexico - 10 killed
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