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Nexus between Election Manifesto and Budget 2024 in July!Clearing the Air: Airtel's SC Decision provides clarity on test of AgencyGST implications for Corporate Debtor under IBCI-T- Petitioner's CIBIL score lowered due to same PAN being issued to another assessee who defaulted on loan; I-T Deptt to inform CIBIL of remedial measures taken: HCBrazil’s proposal to tax super-rich globally finds many takers in G20 GroupI-T- Additions framed on account of unconfirmed cash loans upheld in part, where assessee is unable to discharge onus of proving source of cash deposits : ITATCPM manifesto promising annihilation of all weapons of mass destructions including nuclear, draws flak from Defence MinisterI-T- Registration of trust u/s 12A denied due to inadvertent error by assessee in filing Form 10AB but with wrong selection code; case remanded for reconsideration: ITATBiden favours higher steel tariff on ‘cheating’ China + may up tariff on dominant solar tech suppliersI-T- Enhancement of income is not sustainable if CIT (A) not follow sec 251 and no notice given to assessee of enhancement : ITATUS Poll: Biden trumps Trump in money race by USD 75 mnI-T- Assessee is entitled for depreciation on goodwill arising out of difference between cost of acquisition and net value of assets and liabilities as per book value of CAPL : ITATNetanyahu says Israel to decide how and when to respond to Iran’s aggressionI-T- There is no scope of extrapolation in search assessment based solely on assumptions and surmises in absence of any tangible material qua the relevant assessment year: ITATGoogle slays costs by laying off staffers & shifting roles outside USI-T- Re-assessment cannot be sustained where based on borrowed satisfaction & where conducted in a mechanical manner: ITATHeavy downpours drown Dubai; Airport issues travel advisoryCus - There cannot be an exercise of jurisdiction to injunct invocation of BG, as it is a settled principle of law that bank guarantee constitutes an independent contract between the bank and the party in whose favour BG is furnished: HCHM pledges to make India completely Maoist-freeGST - Except for holding that the taxpayer had availed ITC which is blocked credit u/s 17(5), no reasons are specified - Order set aside and matter remanded: HCMicrosoft to inject USD 1.5 bn in AI Group G42 of UAEGST - Injustice would be caused unless petitioner is provided another opportunity to contest tax demand on merits - Subject to deposit of 10% of demand, matter is remanded: HCCanadian budget proposes more taxes on higher income groups & tax credits for EVsGST - Petitioner has an appellate remedy against the impugned order - As petition was filed within the original period of limitation, it is just and appropriate that petitioner be permitted to present statutory appeal: HCWorld leaders appeal for quick ratification of UN Ocean TreatyGST - Once the notification itself has been declared as ultra vires, applying it would amount to applying an illegal notification: HCUK House debates ban on smokingGST - Transfer of development rights is amenable to GST and cannot be brought within the purview of Entry 5 of Schedule-III: HCGlobal economy to grow at 3.2% in current year and also 2025: IMFGST - Challenge to notification 11/2017-CTR clarifying the aspect of transfer of development rights being attracted to GST/TGST is devoid of merits: HCGreat Barrier Reef in Australia suffers serious bleachingGST - Conclusions were recorded in the assessment order without providing a personal hearing - Order set aside and matter remanded: HCUS to impose fresh sanctions on Iran’s missile programmeCus - Mere fact that Commissioner of Customs has filed an affidavit would not denude an officer, otherwise empowered under the Act/Rules to issue and adjudicate a SCN even though the officer may be below the rank of Commissioner: HCDelhi Police nabs woman for thieving luxury SUVsCus - As wife of appellant has already been penalized for the offence related to importation of BMW M5 Car, no reason found to impose penalty against appellant for same offence: CESTAT
 
Infra financing - policy makers to hear PM on Monday

By TIOL News Service

NEW DELHI, JUNE 23, 2018: THE Department of Economic Affairs, Ministry of Finance, Government of India will host the 3rd Annual Meeting of the Asian Infrastructure Investment Bank (AIIB) on June 25-26, 2018 at Hotel Trident or Oberoi and NCPA, Mumbai, India. In the past, AIIB annual meetings were held at Beijing, China and Jeju in 2016, Republic of Korea in 2017.

The theme for this year's meeting is “Mobilizing Finance for Infrastructure: Innovation and Collaboration” that will see leaders from varied organizations and levels of government to share ideas and experiences for creating a sustainable future through sound infrastructure investment.

The two-day meeting will witness the presence of top policy makers, Ministers from AIIB member countries, participants from partner institutions, the private sector and civil society organizations. Moreover, leading experts from a range of fields will be present to lead discussions and share insights on addressing Asia's infrastructure gap in an environmentally and socially friendly way.

Apart from several high-ranking government officials gracing the occasion, Prime Minister , Mr Narendra Modi will inaugurate the3 rd Annual Meeting of AIIB on June 26 2018. Furthermore, Mr. Piyush Goyal, Union Minister for Railways , Coal , Finance and Corporate Affairs , and MrSubhash Chandra Garg, Secretary, Department of Economic Affairs, Ministry of Finance will also be present during the course of the meeting, to discuss the environmental landscape of investing in infrastructure plans in India and also share an overview about the 3rd Annual Meeting.

In the run up to the Annual Meeting 2018, the Government of India has organised a number of lead up events in different cities in India from February to June 2018, aimed to stimulate debates on several important themes of infrastructure.

This year will also see the launch of the inaugural Asian Infrastructure Forum , which will gather infrastructure practitioners in a practical and project-driven discourse, focused on matching innovative finance to critical infrastructure needs.

During the AIIB Annual Meeting, the Government of India would hold a number of Host Country Seminars. These events aim to capture the critical dimensions of infrastructure financing such as the sources and instruments of financing, emerging sectors of infrastructure investments including futuristic, resilient and digital infrastructure, gender infrastructure, new technology choices and alternatives, and panel discussion with Chief Ministers on vision of infrastructure development in India.

 

 


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