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SC says States have failed to provide affordable medical care and infrastructureChina’s tit-for-tat policy - Beijing imposes tariffs on US agri products, including poultryGST - PVC raincoat is classifiable under heading 3926 and attracts tax @18%: AARGST - Liquidator who is an insolvency professional is required to obtain GST registration: AARGST - Applicant will be deemed to be acting as pure agent; not liable to pay GST on reimbursement of electricity charges on actual basis: AARGST - Applicant has neither appeared for hearing nor produced any documents in support of submission made in their application seeking advance ruling - Authority refrains from pronouncing any ruling: AARTax incentives for corporates a must to achieve ESG investingLancet Report: India to have 44 Crore obsese people by 2050Cus - Customs Broker cannot be foisted with onus of verifying or be expected to judge whether IEC or registration was correctly issued by Department officers, so long as the same is valid: CESTATTrump finally goes for 25% tariff on Mexico & Canada & 20% on ChinaCus - CBLR - If reliable documents from Govt officers indicate that a client is operational at certain address, brokers can reasonably presume their authenticity - charges of violating Regulation 10(n), by not verifying client's address, is not tenable: CESTATEU inches closer to seizing Russian assets worth USD 240 bnCus - Customs Broker is not responsible for ongoing surveillance of clients after their verification - If a client relocates without notifying authorities, it cannot be held against the broker: CESTATTrump freezes all military supports to Ukraine; may grant sanctions-relief to Moscow soonCus - Penalty of Rs 10 Lakhs imposed u/s 112(b) of Customs Act 1962 is valid where appellant was found to have played significant role in smuggling activity by allowing diversion of goods & their replacement with smuggled ones: CESTATTrump says China annexing Taiwan would be catastrophic + announces USD 100 bn TSMC plan to build 5 new factories in AmericaCX - Once an appellate order sets aside a lower authority's decision, the earlier order becomes non-existent and cannot serve as the basis for subsequent litigation: CESTATDroves of Americans apply for UK citizenshipCX - Demand for reversal of Cenvat credit invalid as reversal of credit for the same period was already confirmed vide an earlier Order-in-Original: CESTAT31 killed in Bolivia as truck bangs into pax busST - Once the activity is held as amounting to 'manufacture', it is excluded from purview of Service Tax as per definition of 'business auxiliary service': CESTATMexico says it has backup plans if Trump imposes tariffsI-T- Statement under Section 131 of the Act, taken under duress & subsequently retracted, cannot be treated as valid evidence : ITATIndian woman in Abu Dhabi executed for killing 4-month old childI-T - Unless delay is attributable to assessee, interest should be reckoned from beginning of assessment year as per Sec 244A: ITATGovt ups PLI Budget to accelerate manufacturingI-T- Re-assessment proceedings & consequent additions u/s 69C are valid, where AO omits to adequately examine available records: ITATIndia, Nepal ink MoU for coooperation in Water, Sanitation, and HygieneI-T- Disallowance of loan transactions between sister units upheld as assessee failed to provide valid evidence to substantiate commercial expediency & where personal benefits arise therefrom due to their common director: ITAT40-yrs of Indo-Japan Science & Technology Cooperation being celebrated: MoSI-T - Rule of appropriation contained in Explanation to Sec 140A(1) would be attracted only at time of payment of self assessment tax at time of filing return of income: ITATCDS Gen Chauhan goes on official visit to AustraliaI-T - Capital gain on investment made in residential property can't be denied merely because assessee has deposited amount within five days of due date of filing of ITR: ITATIndia's R&D spending doubles from Rs 60K Crore in 2013-14 to Rs 1.27 lakh Cr: MoSI-T- An unsatisfactory explanation does not automatically lead to deeming amount as income u/s 68: ITAT
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Shri Nitin Gadkari, Hon'ble Union Cabinet Minister, addressing the gathering at TIOL Corporate India Awards 2025 event at JW Marriott, Juhu, Mumbai on 1st March, 2025.

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