News Update

Jaishankar meets Chinese counterpart at SCO Summit; calls for doubling of efforts to wrap up border disengagementNepal Govt reduced to minority after UML exits coalitionGST - GSTR-1 - B2B instead of B2C - By permitting Petitioner to rectify the error, there will be no loss whatsoever caused to the Opposite Parties - Directions issued: HCCanada appoints first woman General to head armed forcesGST - Appellate Authority has not adverted to any of the grounds which have been canvassed by the Registered taxpayer - Order set aside and matter remanded: HCGST - SCN did not refer to interest or penalty but order imposes such liability - Since petitioner did not have an opportunity to respond, Order set aside and matter remanded subject to petitioner remitting 10% of disputed tax demand: HCGST - s.16(4) - Recommendation of 53rd GST Council meeting - Extension of time limit to avail ITC - No coercive action against petitioner: HCGreat Wealth Migration: China continues to be perennial loser!DGTR recommends definitive anti-dumping duty on Isoprene Rubber from China & other countriesI-T- Power u/s 119(2)(b) has to be exercised liberally and delay in filing Audit Report is condonable where assessee would suffer genuine hardship otherwise: HCCalcutta HC orders to release man jailed for lambasting Bengal Minister on social mediaI-T- Re-assessment invalidated where based on change of opinion & where no failure to make full & true disclosure of facts is attributed to assessee: HCGermany blocks sale of turbine unit to Chinese groupI-T- Proceedings against deceased person are null & void; penalty imposed on deceased assessee for non-compliance with SCNs & orders stands quashed: HCLeading investment banks retreating from China; lays off jobsI-T - Mere execution of sale deed without complete transfer of consideration does not constitute transfer of property for purpose of levying capital gains: ITATExcess emissions: GM to pay USD 146 mn penaltyI-T - Denial of deduction u/s 80P is valid only upto income earned by cooperative societies through non-members: ITATUK goes to poll on Friday; Labour to win with largest majority in modern history: SurveysParliament Session concludes as both Houses adjourn sine dieWhite House says Biden not to chicken out of raceI-T - Reassessment - failure of AO to issue notice u/s 143(2) prior to finalizing reassessment order cannot be condoned by referring Section 292BB: ITATYogi orders Judicial Probe into Hathras tragedyATMS & RajmaargYatra App to disseminate information to assist NH usersGovt extends Smart Cities Mission till March 2025Govt proposes to amend Geographical Indication of Goods Rules; Draft issued for feedback
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Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.