News Update

Is it 'plant and machinery' or 'plant or machinery'?Undervaluation of Imported Aluminium Scrap (Part 3 of series)Indian solar suppliers substitute tossed out Chinese players in US supply linePrivacy in Peril: Have We Forgotten Our Rights?New Trumpian threat: 200% tariff on vehicles imported from MexicoI-T- Writ petition filed before exercising option of rectification petition, is premature: HCRG Kar case: 10 Docs aligned to former Principal tossed out of hospitalI-T- If at all there is some disallowance/adjustment in a year, same should be adjusted with the available brought forward business loss of the assessee: ITATMedical emergency: London-heading Air India flight stops over in DenmarkSales Tax - Benefits from exchange rate fluctuations do not transform receipts therefrom into something other than taxable turnover: HCJaishankar says AI can be as fatal to world as N-weaponsCus -SAD refund - Date of making refund application would be required to be considered from date of final assessment and not from date of payment of provisional duty: HCTraumatised by Helene, Florida laces up for major hurricane MiltonGST - Non-payment of dues for a period of three months is not a prescribed ground u/s 29 and/or u/r 21 for cancelling the petitioner's GST registration: HCChinese hackers hack into US court-sanctioned wiretapping serverGST - Notices issued to an assessee, who is no more and assessment orders passed based on such notices are void ab initio and liable to be set aside: HC10 children drown in Bihar; CM announces Rs 4 lakh ex-gratia paymentGST - Cancellation of registration is invalidated where specific reason as to alleged fraud, wilful misstatement or suppression of facts is not stated in Show Cause Notice & no further information is given to justify such action: HCDrugs & raw materials worth Rs 1800 Cr seized in Bhopal; Two arrestedDRDO successfully flight-tests 4th Generation Air Defence System7 of a Mumbai family suffocate to death after short-circuit sparks fireCus - In absence of evidence to establish that appellant was aware of presence of branded products in consignment when bills were filled, goods are not liable for confiscation and no penalty under section 112 of Customs Act, 1962 can be imposedNew Zealand naval ship sinks off Samoa; 75 onboard rescuedChennai Metro Rail Project Phase 2: Centre to finance 65 per cent of costNavin Jindal goes on horseback to cast vote in HaryanaCX - Assessee eligible for self-credit of taxes paid in past periods, where conditions in Notification No. 20/2007-CE, as amended by Notification No. 20/2008-CE are satisfied: CESTATIndia’s forex kitty surpasses USD 700 bn for first timeIndian delegation, led by Meghwal, visits United KingdomST - Sale of immovable property is excluded from definition of service u/s 65B(44) of Finance Act, 1994; Such exclusion aligns with Constitutional mandate under Article 366(29) & cannot be deemed to be validly legislated rule in light of Section 38A of the Central Excise Act, which applies to Service Tax matters: CESTATBy 2047 India to be world largest economy: Dr Jitendra SinghST - Construction of residential complex service - Assessee's claim for refund of tax paid rightly denied on grounds of unjust enrichment, where assessee passed tax incidence onto consumers: CESTATPlans unveiled for Indian Maritime Heritage Conclave in Dec 2024Cus - Penalty imposed on CHA on allegations of clandestine clearance of imported goods, is not tenable, where no evidence exists to establish CHA's role in improper removal of goods: CESTAT
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Mr Larry Summers, Former US Treasury Secretary addressing at TIOL Fiscal Awards 2024 after being conferred TOL Kautilya Global Award 2024 by Deputy Chairman of Rajya Sabha, Shri Harivansh Narayan Singh.



Dr. C. Rangarajan, former Governor of RBI, addressing at TIOL Fiscal Awards 2024 after being conferred TOL Kautilya Global Award 2024 by Deputy Chairman of Rajya Sabha, Shri Harivansh Narayan Singh.