News Update

ISRO succeeds in cultivating crops in space & demonstrates first walking robotic arm in space6 workers die in TN fireworks factory blastVande Bharat Sleeper Trains to soon bring world class travel experienceThick fog upends flight operations in Northern IndiaCus - Challenge to Anti Dumping Duty levied on imported Aluminium Strips; speaking order as mandated u/s 17(5) of Customs Act not passed; re-assessment not supported by cogent evidence - procedural flaws warrant case remand: CESTATHush money case: Trump likely to be jailed for 10 days before Jan 20 inaugurationCAQM Sub-Committee on GRAP invokes Stage-III in NCRUS top surgeon issues cancer warnings against alcoholic drinksI-T- CSR contributions, while not deductible as business expenses u/s 37(1) due to amendment in Finance Act, 2014, still qualifies for deduction u/s 80G, as they are applied from total income: ITATMusk skewered for meddling in British politicsRs 1570 Cr pension disbursed to 68 lakh EPS Pensioners in DecBlast reported at Islamabad police stationI-T - If AO was not within his jurisdiction to examine transaction of unsecured loan, then same cannot be subject matter of revisionary proceeding u/s 263: ITATAmerica’s manufacturing PMI peaks to 9-month highDPIIT inks MoU with Startup Policy Forum to buoy up EcosystemMicrosoft to pump in USD 80 bn in AI-driven data centres in 2025I-T- Power of revision cannot be invoked in order for PCIT to take a second, changed opinion in respect of the relevant issue: ITATGovt releases Draft Rules for Data Protection Act for public feedbackCBDT grants conditional exemption to IFSC units u/s 194QGovt appoints IAS officer Faiz Ahmed Kidwai as New DG of DGCAData Mismatch & GST: Income Tax offers time-tested key to resolutionBiden vetoes US Steel deal; says ‘Vital’ for USOvercoming the Safari Retreats judgment - Costs follow
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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



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