News Update

15 injured in shoot-out at Juneteenth event in USI-T- Re-assessment order cannot be faulted, where assessee does not file reply to Show Cause Notice within timely manner; costs of Rs 5000/- imposed on assessee for delayed filing of replies: HCDGFT implements system-driven Faceless Automation for ad-hoc Input Output Norms FixationI-T- Provisions of Section 245 mandate ITAT to hear appeals on merits; cannot dismiss appeal for non-prosecution without considering merits of the case: HCUS Supreme Court upholds Trump-era tax on foreign income of companiesCentre seeks inputs on Draft Guidelines for business communication originating from unregistered telemarketersUS bans Russian anti-virus software KasperskyI-T- Assessment order invalidated where passed in name of deceased assessee: ITATKenyan anti-tax protestors tear-gassed in NairobiTRAI releases recommendations on 'Inputs for formulation of National Broadcasting Policy-2024'4 dead as car rams into truck on NH in RajasthanI-T- Unexplained cash credit - additions framed u/s 68 upheld, where assessee omits to furnish evidence to explain nature of transaction or the source of funds found in assessee's possession: ITATGood news for Fed, US economy finally slowing as per labour and property dataTextile Minister calls for focus on job creation particularly in labour intensive segmentsUS-Bangla plane with 175 pax makes emergency landing at Nagpur AirportI-T- Bogus purchases - profit element embedded therein be disallowed, rather than disallowing entire quantum of purchases: ITATMelinda Gates back Joe Biden in Presidential pollGST - Determination of imposition of taxability is a question which can only be considered by Supreme Court and would not lie to the High Court : HCFDI Inflows: India ranked 15th in UCTAD’s rankingsGST - Since the petitioner has already filed reply to SCN, this Court would not like to entertain petition filed against SCN, it is for competent authority to decide the issue : HCCus - Officers of DRI would not fall within domain of proper officer for initiating proceedings under Section 28 of Customs Act, 1962 : HCPM says Assembly poll in J&K & restoration of Statehood on the cardsCus - Department is directed to decide pending appeal against the order expeditiously within a period of four months : HCKejriwal finally gets bail in liquor scam caseST - Appellant has not supplied Lorries to oil companies, they had merely undertaken transportation of petrol / diesel of oil companies to various places which does not fall under Supply of Tangible Goods Services: CESTAT
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Shri Harivansh Narayan Singh, Deputy Chairperson of the Rajya Sabha, addressing the gathering.



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.