TIOL - Tax News, GST, Income Tax, Service Tax, Customs, Central Excise, International Taxation, Fiscal Policy, Monetary Policy, Economy, Revenue, Judicial Decisions, Tax Rulings & Tax Videos

News Update

Cus - Show cause notices, correspondence and orders ought to be communicated through email by Customs Department: HC India-US trade talks concludes in New Delhi CX - Penalty is correctly imposed on assessee for knowingly transporting excisable goods without invoices as they had full knowledge of clandestine removal by manufacturer: CESTAT Arbitration and mediation crucial for India's emergence as manufacturing hub: Goyal ST - Government entities, when transparent in their tax filings, cannot be penalized under extended limitation provisions without substantial proof of deliberate misrepresentation: CESTAT Railways holds about 4.9 lakh hectares of Land as of March, 2024 Cus - Since the importer misapplied a reduced IGST rate through incorrect classification, demand for recovery of short-paid IGST and penalties is upheld: CESTAT Railways uses Covered wagons for bulk onion transportation ST - Extended limitation need not be invoked where assessee is under bona fide belief that no Service Tax is payable on services rendered to Govt-run Mega Development Projects & hence did not obtain registration or remit taxes - no intention to evade tax made out: CESTAT A woman cannot be coerced to take virginity test: Chhattisgarh HC Capacity Building Program for Lankan Civil Servants concludes at NCGG Trump threatens tariffs on Russian oil purchase if Moscow fails to end war in Ukraine I-T - Bank is bound to deduct tax u/s 194N on payments to be made to weavers cooperative society, which was deposited by State Govt. towards products manufactured by weavers which are marketed through State Govt Agencies: HC TIOL wishes All Netizens Happy Eid I-T - It would be appropriate for assessee to agitate issue relating to absence of incriminating material in regular appellate proceedings, if he is not satisfied with assessment order passed u/s 153C: HC Trump not coy about exploring options for third term I-T - Only Faceless AO can issue notice u/s 148 and not Jurisdictional AO: HC CBI nabs BIS Joint Director accepting bribe I-T - If findings of ITAT are apparently in contradiction to what is available on record in original Assessment Order as well as Re-Assessment Orders, then view taken by ITAT is erroneous on face of record: HC Japan, China and South Korea agree to promote regional trade amid Trump’s tariffs I-T - Charging of amount towards consideration for activity in advancing general public utility, which is on cost-basis, can't be considered as 'trade, commerce, or business': ITAT With US withdrawal, WHO to trim jobs by a fifth I-T- Assessee cannot be penalised u/s 271(1)(b) for expenditure done through misuse of credit cards by a third party & when there is no willful non-compliance with the statutory notices: ITAT Violence in Nepal; Protesters demand restoration of Hindu monarchy; Govt halves security staff of former king I-T- It is fit case for remand where the assessee inadvertently reported incorrect figures of capital gains while filing ITR for relevant AY: ITAT Quake of 7.1 magnitude scares Tonga; Tsunami alert issued I-T- Re-assessment upheld as AO has sufficient material to initiate it, based on information received from Investigation Wing; additions framed u/s 68 quashed as AO lacked adequate material to disprove contentions: ITAT Death toll in Myanmar quake races beyond 1730; over 2800 injured I-T - There is no scope of any addition/deletion or substitution in AO's reopening reasons: ITAT US decides to set up war-fighting base in Japan I-T - Question of increasing book profit on account of disallowance u/s 14A r/w Rule 8D will not arise: ITAT

Please login to view this page


Username
Password
Please Solve Math Captcha Below:


	Forgot Password!
New User	Register Here!

TIOL Tube

Technical Session 1: Decoding New Income Tax Bill 2025

March 31, 2025 | New Delhi

India-US trade talks concludes in New Delhi

March 31, 2025 | New Delhi

Arbitration and mediation crucial for India's emergence as manufacturing hub: Goyal

March 31, 2025 | New Delhi

Railways holds about 4.9 lakh hectares of Land as of March, 2024

March 31, 2025 | New Delhi

Railways uses Covered wagons for bulk onion transportation

VISION 360 - March 2025

VISION 360 -
'A Treasury of Key Tax &
Regulatory Developments!'

March 2025 Edition

Technical Session 2 - Retrospective Taxation - Surge in GST Litigation - Possible Remedies.

Technical Session 3 : Sustainability - An Economic Imperative.

March 31, 2025

TP - If assessee has already paid tax in respect of international transactions and in terms of price agreed between parties as per APA, then TP adjustment is not sustainable: ITAT

March 31, 2025

I-T - u/s 57(iii), expenditure which is not in nature of capital expenditure and was incurred wholly & exclusively for purpose of earning income chargeable under head "income from other sources" is allowable as deduction: ITAT

March 28, 2025

IBC - Process of Section 230 for Scheme of Arrangement need not be considered first, before deciding aspect of selling Corporate Debtor as going concern: NCLAT

March 28, 2025

IPR - Case of trademark infringement made out where respondent's trademark is visually, phonetically, and structurally similar, leading to a likelihood of confusion among consumers: HC

Income Tax	Customs	Excise	Service Tax	FEMA	DGFT	SEZ	Misc	Pitara	Budget
Faceless Scheme Direct Tax Vivad se Vishwas Black Money Basket Benami Act BM Cases e-Assessment Bill Notifications Circulars Instructions SC Cases HC Cases ITAT Cases Advance Ruling Other Cases Directorate of Income Tax (Systems) Citizen's Charter Reports	Tariff Notfn Valid Tariff Notfn Non Tariff Notfn Valid Non-Tariff Notfn Circulars Customs Tariff Act Import Tariff Export Tariff SC Cases HC Cases Cestat Cases Safeguard Duty Notfn Advance Ruling Anti-dumping Notfn Settlement Drawback Cases CVD MISC Circulars N T/CAA/DRI Customs Rules	Sabka Vishwas Scheme 2019 Central Excise Bill 2024 Valid Non Tariff Notfn CCRs - 2017 Central Excise Rules Valid Tariff Notfn Tariff Notfn Non Tariff Notfn Circulars SC Cases HC Cases Cestat Cases Advance Ruling Cesses Notifications Excise Amendment MISC Circulars Settlement Commr.(A) Order Tribunal	Sabka Vishwas Scheme 2019 Accounting Head Notifications Service Tax Rules Circulars SC Cases HC Cases Cestat Cases Advance Ruling FAQ Finance Act, 1994 Commr. (A) Orders Removal of Difficulty VCES Miscellaneous	FEO Act DIPP Notification FDI Approved Exchange Manual Fema Notifications SC Cases HC Cases RBI Notifications RBI Circulars Act Rules Regulations Master Circulars PMLA Notifications Depository Scheme Press Note	Notifications Circulars Public Notices Trade Notice FTDR Amendment 2010 MISC	SEZ - Annexures & Forms Notifications Instructions Act 2005 Rules 2006 DGEP State Acts State Policy MISC	SC Cases HC Cases VAT Cases Miscellaneous	TPRU Service News Promotion Transfer Deputation Posts Cadre Review Transfer Policy Training Circulars Recruitment Rules Pay Commission Service Cases Empanelment MISC	Budget Speeches Union Budgets Economic Surveys TRU - D. O. Letter Finance Acts Finance Bill Budget Circular Finance Commission