News Update

Stampede for vaccines - UN Chief cautions against 2021 turning into a mega disasterGovt may agree to tone down certain provisions of Agri ActsCanadian PM expresses concern over farmers’ stir in Delhi; India summons Ambassador to protestUS plans second economic stimulus; Talks gain momentumHyderabad local elections - BJP makes big gains even as TRS leads tallyRBI to make RTGS 24x7 service very soonSitharaman inaugurates Founding Day of DRILakshadweep Administrator Dineshwar Sharma passes awayCentre issues guidelines for feeder-level solarisation under PM-KUSUM SchemeST - SVLDRS, 2019 - Depriving the petitioner for the fault of the Department would be unfair and unreasonable: HCST demand communicated in May 2019 revised from 82 crores to 5 crores in December, 2019 - revised figure should relate back to the original quantification - SVLDRS-1 cannot be rejected on ground that liability was not quantified before 30 June 2019: HCCus - s.110 - It cannot be that seizure is made by one officer and the 'reasons to believe' are recorded by another officer: HChttps://taxindiaonline.com/RC2/caseLawDet.php?QoPmnXyZ=MTYyNDg2NDPS - Ganja recovered is between small quantity and commercial quantity - since appellant has already undergone six years RI out of the maximum punishment of 10 years, appeal allowed in part: SC LBPanel discussion on trade-based money laundering to mark DRI's Birthday todayST - VCES, 2013 - interest should have been computed on unpaid dues and not on declared amount: HCSolapur teacher bags USD one million global prize for promoting girls’ educationCGST - Tribunal not yet constituted, hence no precipitative action to be taken by respondent: HCCus - High Court need not entertain petition challenging O-i-O which was not appealed against before the Commr.(A), within the maximum limitation period: HCCX - Refund of duty claimed u/s 11B of CEA 1944 can be rejected only upon being ineligible as per statutory provisions - refund claimed prematurely is no grounds for rejection: CESTATSTIP 2020 can help India become future-ready to face situations like COVID-19ST - Appropriation ordered by the adjudicating authority of credit reversed is more for satisfaction than recourse to enforcement mechanism: CESTATPast history of assessee is a proper & reasonable basis for estimation of income of assessee when books of account get rejected u/s 145(3): ITATCentre invites proposals to set up Export Promotion Council for technical textilesGoodwill is covered by the expression 'any other business or commercial right of a similar nature' in Explanation 3(b) to Sec 32: ITATRe-opening of assessment is unsustainable where AO does not dispose off the assessee's objections to such proceedings, through a speaking order: ITATAYUSH sees growing global interest in wake of COVID-19 pandemicQuantum of income declared by share applicants, is per se insufficient criteria to ascertain their credit-worthiness: ITATWhere AO accepts assessee's explanations in respect of an issue without making any enquiry or examining evidence, any order so passed is erroneous & prejudicial to Revenue's interests - revisionary powers rightly exercised: ITATFarmers’ protest against farm bills - Prakash Singh Badal returns Padma; Talks with Govt to continue on SaturdayFM sanguine about rebound of economic growth; may consider higher spendingGovt rescinds notification imposing anti-dumping duty on import of Nylon Tyre Cord Fabric from ChinaCBIC posts two IRS officers as Asst Vice President in GSTN + Posts Amit Singh Chandel as OSD in Customs wing in BoardGST - There is no hostile discrimination in taxing lottery: SC LBGST - Lottery - Taxable Value - Prize money is not to be excluded: SC LBGST - Taxable value of Lottery - Legislative scheme of other countries not relevant: SC LBBill Clinton, Obama & Bush willing to take COVID-19 vaccine shots live to create trust in publicCorona Vax with Max Efficacy may ONLY 'sleepwalk' in India!
 
Digital Media - Govt to extend all benefits available to others

By TIOL News Service

NEW DELHI, OCT 17, 2020: THE Pursuant to the decision of the Central Government vide Press Note No. 4/2019 of Department for Promotion of Industry and Internal Trade (DPIIT) allowing 26% FDI under Government approval route on 'Uploading/Streaming of Current Affairs and News through Digital Media', the Ministry of Information and Broadcasting will be considering in the near future to extend the following benefits, presently available to traditional media (print and TV), to such entities also:

PIB accreditation for its reporters, cameramen, videographers enabling them with better first-hand information and access including participation in official press conference and such other interactions.

Persons with PIB accreditation can also avail CGHS benefits and concessional rail fare as per extant procedure.

Eligibility for digital advertisements through Bureau of Outreach and Communication.

Similar to self-regulating bodies in print and electronic media, entities in digital media can form self-regulating bodies for furthering their interests and interaction with the Government.


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