News Update

China’s factory activity shrinks for 5th month in a rowOECD appoints Alvaro Santos Pereira as Chief EconomistCabinet greenlight for 3 more semiconductor units; construction to begin in 100 daysSC Constitution Bench reverses own decision on automatic expiry of HC stay orders after 6 monthsCabinet okays plan to set up rooftop solar units for one crore householdsGDP likely to grow by 8.4% in Q4: GovtCabinet okays proposal to set up International Big Cat AllianceCore sector rises by 3.6% in Jan monthNational One Health Mission - Cabinet okays creation of Director-level post at National Institute of One Health, NagpurService Matter - Claim for compassionate appointment not to be considered as regular mode of appointment; is intended to address penurious situation in immediate aftermath of breadwinner passing away: SCDespite several wins NDA short of 3 seats of majority in Rajya SabhaCus - Liability incurred by noticee company which merged with petitioner company cannot stand extinguished on account of its merger: HCSEBI urges Mutual Fund operators to protect small, midcap investors amid surge in inflowCus - Merger or amalgamation of companies is not a tool under law to either facilitate avoidance and evasion of tax liability already incurred by a transferor company - SCN proceeding cannot be scuttled: HCCustoms Department recovers 206-year old smuggled telescope used by British East India Company, hands over to ASIST - Classification of services - Only remedy available is to file an appeal before the Supreme Court u/s 35L of the CEA, 1944 - Petition is dismissed as withdrawn: HCSC scotches plea to reopen Thoothukudi Sterlite copper plantGST - Cancellation of registration - Order records that petitioner did not reply to SCN or appear in person, however, counsel for revenue submits otherwise - Matter remanded - In the meantime, petitioner will not enjoy benefits of registration: HCSandeskhali row - TMC leader Shahjahan nabbed; sent to 10-day police custodyGST - Section 107 operates as a complete code in itself, explicitly delineating limitation periods for filing appeals and implicitly excluding the application of general limitation provisions: HCFrench Senate votes to make abortion a Constitutional rightGST - Cancellation of registration - Cryptic notices and orders - Respondent authorities will not be able to exercise revisional powers, hence orders set aside and matter remanded: HCDomicile of Origin vs Domicile of Choice: No visits to temple may prove fatal! (See TII 'Edit')Trump's return to Oval Office! China sweating like just out of heated hammam!India on Pakistan at UN: ‘Can’t pay heed to a country soaked in Red’I-T - Share premium received by issuance of shares is on capital account and gives rise to no income: HCFrench Senate okays move to make abortion a constitutional rightGovt notifies certain provisions of SEZ Act & Rules to apply to notifications issued under IFSCA Act, 2019‘Mob Rule’ replacing democracy in UK: Sunak warns copsSolar-powered US Moon Lander to be ‘put to sleep’ for 3 weeks and to be switched on after lunar nightsAnti-dumping duty on Acetone: Notification amended to change name of M/s INEOS Phenol Singapore Pte
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