News Update

Splitting Popcorn Three WaysProtesters vandalise Allu Arjun residence in HyderabadCus - Mere pendency of the appeal would not entail the department to insist on provisional assessment of the goods u/s 18: HCTrump vows to make state policy acknowledging only two gendersCus - Personal effects (necklace and bracelet) would be exempt especially if they are in the form of ornaments, in case of a foreign tourist - Respondent to release the personal gold jewellery: HCGST - Valid order - Respondents to upload fresh orders by affixing digital signatures or by serving a copy of the order after affixing manual signature: HCBangladesh compels importers to import goods from PakistanGST - Pre-deposit - Since the statute prescribes a particular percentage, same has to be adhered to - Court will not alter the amount, except in exceptional circumstances: HCST - Petitioner appears to have a strong prima facie case and that the test of 'likelihood of success' is liable to be answered in its favour - Clearly qualifies the test of rare and exceptional cases - Pre-deposit waived: HCIndia: Pillar Two: Qualified Refundable Tax CreditYadav Releases India State of Forest Report 2023I-T - If assessee had not made investment in infrastructure projects, it cannot be treated as developer, which is primary condition for claiming deduction u/s 80-IA: ITAT'Prashasan Gaon ki Ore Campaign 2024': India's largest campaign for redressal of public grievancesI-T - Mere suspicion of being beneficiary of any alleged accommodation entries in form of exempted capital gain/ loss, is no basis to make addition: ITATBharatNet: Bridging the Digital DivideI-T - Profits from transaction of immovable property undertaken by way of registered conveyance deed, is to be treated as 'business income': ITATNadda urges CMs to focus on Intensified TB Elimination CampaignI-T - Long term capital gains declared by assessee cannot be assessed as unexplained cash credit u/s 68, in absence of any evidence to show price rigging by assessee: ITATAhmedabad Airport Customs nabs Rajasthan couple while selling smuggled luxury watch wroth Rs 13 CroreKuwait confers highest honour on PM; inks defence pactVAT - Royalty receipts are not taxable in absence of any transfer of right to use goods: HCTrump threatens to notify Mexican cartels as terroristsGoM on Rate Rationalisation: Recommendations not yet finalised, says FM
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Conferment of TIOL Awards 2024. The event was held on October 1, 2024 at Taj Palace, New Delhi



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