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Government unveils key initiatives to boost industrial growth & investmentsPakistan train hijack saga - security forces make negligible gains despite heavy shelling & firing; over 250 hostages still being heldI-T- Proviso to Section 36(1)(iii) aims to exclude interest costs from being deductible during the period from when loan is initially taken until asset created by borrowing is used in business: HCDisplaying food menu and rate list mandatory aboard trains: Railways MinisterI-T- Section 36(1)(iii) does not distinguish between capital borrowed for revenue or capital assets: HCRBI, NCFE launch joint campaign to boost financial literacyGST - A new entry was inserted to make Carbonated Beverages of Fruit Drink or Carbonated Beverages with Fruit Juice to be taxable @ 14% GST and @12% Compensation Cess - Therefore, these notifications can only have effect from the date it is made effective and prospectively: HCLaw Ministry acknowledges US Securities and Exchange Commission’s request for assistance in lawsuit against Adani Group; Gujarat court asked to serve noticeGST - In the absence of reasons having been assigned in SCN in support of a proposed retrospective cancellation as well as a failure to place petitioner on prior notice of such an intent clearly invalidates impugned action: HCGovt extols pension reforms, focus on senior citizens' welfareGST - Appeal should not be dismissed merely due to a procedural delay, especially when the petitioner has made an effort to comply with statutory requirements, including the pre-deposit of 10%: HCMP Govt unveils Rs 4.21 Lakh Crore budget focussed on industrial growthCX - No disputed question of law is involved - Contention that no personal hearing was granted is contrary to the record - Petitioner should avail alternative remedy: HCGovt recounts steps to improve financial soundness of banks; credit discipline, responsible lending being addressedMisc - Grave prejudice caused - In absence of a notice of any kind and a reasonable opportunity of hearing, the order passed becomes wholly vitiated: HCChin refugees from Myanmar draining resources, creating security threat for Mizoram: Mizo activist writes letter to Home Minister Amit ShahHow Many Days Make a GST Month?Baloch rebels hijack Jafar Express in Pakistan; 20 security personnel killed while about 180 taken hostage; 80 hostages freed so farAAHAR 2025 - APEDA showcases achievements in agriculture & processed food sectorsWhite House dials up heat on Columbia University to expel pro-Palestinian activistsIndia, Qatar ink MoU for bilateral investment, financial tools & PPP frameworkNew electrochemical process developed which turns urine into plant fuelIndia accounts for 3% of global pharma exports; Govt lists steps to curb spurious drugsUkraine backs US-led proposal for 30-day ceasefirePMG reviews mega infra projects in AP & TN; calls for resolution of pending issuesCus - It is for an aggrieved person to choose from available remedies & to bear consequence - including that of lack of jurisdiction; it is for other side to advise caution on that in score: CESTATI-T - Merely because cash were deposited during demonetization period, does not make it tainted: ITATI-T- Retrospective denial of exemption u/s 11 and 12, on grounds of the claimant having been registered u/s 12A, is invalid: ITATI-T- Re-assessment invalid where based solely on conjecture & without being based on any corroborative evidence or independent verification by AO: ITAT
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