News Update

CBIC reduces windfall tax on petro goods and cuts prices on commercial LPG cylindersGodfrey Phillips legal dispute turns ugly as Samir Modi accuses mother Bina of assaultGDP grows by 7.8% in Q4; Last year growth finally comes to 8.2%Principles of Interpretation of Taxing Statutes - Part I3 die in TN paint factory blazeCus - Whether product imported is Technical grade urea or of fertilizer grade is a question of fact - Court has no expertise to hold that the Chemical Examiner's report is incorrect - Petition dismissed: HCHeatwaves kill 33 including poll officialsCus - Smuggling of gold in paste form concealed in rectum - Since the Customs department avers that no item, either the passport or mobile was seized, the petition seeking release of the same is infructuous: HCUK dismisses Ambassador to Mexico after he points gun at stafferCus - Exemption scheme is alive - Petitioner is eligible for exemption from cost recovery charge from the date of payment of the pending arrears: HCHamas respond positively to latest truce proposalGST - Merely because firm was registered on the date of transaction, it cannot be said that department is bound to give ITC benefit since it has been revealed upon investigation that the firm was non-existent and it could not have made any actual supplies: HCPhilippines warns China of war if water-blasts of its coast guard vessels continueGST - Discrepancies between the GSTR-1 statement and the GSTR-3B returns - Demand confirmed with interest and penalty - Petitioner directed to submit reply along with documents for reconsideration: HCObama’s mother-in-law, 86, passes awayCentre mops up about Rs 28 lakh crore revenue receipts last fiscalHouthis dare to attack US Naval Carrier in Red SeaST - Assessee cannot be alleged to have suppressed or willfully mis-stated facts with intent to evade payment of tax, when there are divergent views on the same issue between the Departmental authorities: CESTATUkraine Peace Talk in Switzerland: China says NO unless Russia joinsPV Sindhu to be brand ambassador for Tobacco Control in IndiaCore Sector gathers momentum in April; logs 6.2% growthNIMHANS bags WHO Nelson Mandela Award for Health Promotion
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