News Update

MNRE notifies Scheme Guidelines for Rs 500 crore 'Innovative Projects'Man with loaded handgun caught at Trump’s rallyMaharashtra to get cutting-edge education hubsPresident Murmu goes on tour to AfricaDepartment of Commerce hosts Industry Interaction Meet in UttarakhandNCP leader Baba Siddique shot dead by shooters allegedly hired by Bishnoi gangIndia Digital Agri Conference 2024 co-organized by ICFA and IIT Ropar TIFBeijing offers USD 325 billion package to revive ailing economyI-T - It is not open to Revenue to initiate reassessment on premise that it can simply form belief supported by its own reasons: HCChina to borrow more to perk up economyI-T - Cash seized from possession of another person cannot be adjusted against Assessee's tax liability as advance tax paid by him: HCKarnataka flays Centre for biased allocation of tax revenueI-T - DRP must dispose off rectification application pending adjudication before him, before passing final Assessment Order: HC9 killed in wall collapse at construction site in GujaratI-T - Appeal to Writ Court from decision of Tribunal lies only when substantial question of law is involved: HCPM GatiShakti has lowered logistics cost: GoyalI-T - Only when voluntary disallowance made by assessee u/s 14A is found to be unsatisfactory on examination of accounts, then AO is authorized to compute deduction under Rule 8D: ITATIndustrial output shrinks in August monthCX - As per trite law, if relevant rules for invoice issuance are satisfied, Cenvat credit should not be denied due to ISD's registration status: CESTAT
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