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Sale of building constructed on leasehold land - GST implicationI-T - If assessee is not charging VAT paid on purchase of goods & services to its P&L account i.e., not claiming it as expenditure, there is no requirement to treat refund of such VAT as income: ITATBengal Governor restricts entry of State FM and local police into Raj BhawanI-T - Interest received u/s 28 of Land Acquisition Act 1894 awarded by Court is capital receipt being integral part of enhanced compensation and is exempt u/s 10(37): ITATCops flatten camps of protesting students at Columbia UnivI-T - No additions are permitted on account of bogus purchases, if evidence submitted on purchase going into export and further details provided of sellers remaining uncontroverted: ITATTurkey stops all trades with Israel over GazaI-T- Provisions of Section 56(2)(vii)(a) cannot be invoked, where a necessary condition of the money received without consideration by assessee, has not been fulfilled: ITATGirl students advised by Pak college to keep away from political eventsI-T- As per settled position in law, cooperative housing society can claim deduction u/s 80P, if interest is earned on deposit of own funds in nationalised banks: ITATApple reports lower revenue despite good start of the yearI-T- Since difference in valuation is minor, considering specific exclusion provision benefit is granted to assessee : ITATHome-grown tech of thermal camera transferred to IndustryI-T - Presumption u/s 292C would apply only to person proceeded u/s 153A and not for assessee u/s 153C: ITATECI asks parties to cease registering voters for beneficiary-oriented schemes under guise of surveysST - Since Department itself admits that service carried out by appellant is that of 'Mining Services' w.e.f. 01.06.2007, thus demand for earlier period has been made only to fasten excess Service Tax demand on appellant which cannot sustain: CESTATICG rescues fisherman with head injury onboard IFB St. Francis off the Gujarat coastCX - When physical stock verification carried out by Officers was not fool proof and there were anomalies, benefit of doubt should be extended to assessee, duty demand confirmed on alleged clandestine removal is not sustainable: CESTAT
 
Govt decides to set up Telecom Testing & Security Certification Centre

THE Department of Telecommunications has decided to setup a Telecom Testing and Security Certification Centre to develop systems, processes, adopt/develop security standards and test tools for security testing and certification of telecom equipment. Based on these standards, processes and tools, the Centre can accredit the test labs for security testing and certification of telecom equipment used by various Telecom service Providers.

Such test labs can be set up under private or public or joint venture entity. Giving this information in written reply to a question in the Rajya Sabha yesterday, Mr Kapil Sibal, Minister of Communications and Information Technology, said that a Pilot lab has already been established at Indian Institute of Science (IISc), Bangaluru to develop security standards, test processes and test tools for telecom equipment testing and security certification.

Mr Sibal said that the development of systems, processes, security standards, test procedures, test tools, etc., for telecom network elements which are large in numbers, is time-taking exercise. Also understanding security standards, protocols, etc., is a complex and voluminous task. Further, there are no readily available standards and processes for security testing of telecom equipment as the issue of establishing security standards for telecom equipment has been realized only recently by international standard making bodies like 3GPP.


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