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Income tax raids Pune-based builder; seizes Rs 10 Cr cashI-T - No TDS on roaming charges paid to other telecom operators: ITATCBIC notifies Customs exchange rates for import and export purposesFire breaks out in Serum Institute’s premises located in Pune SEZNon-constitution of GSTAT - Bench is unable to understand as to how the present petition would be maintainable as it does not seek any specific relief: HCWork being undertaken by Appellant is predominantly used for the main activity of govt. entity i.e. transmission (sale) of electricity, therefore, not eligible for GST @12% - AAR order upheld: AAARGST - Provisional attachment u/s 83 of cash credit account maintained with Bank is not sustainable in law: HCGST - Assessees being compelled to fill up form DRC-03 - Department is expected to proceed in accordance with law - Bench takes a very serious view - no coercive steps: HCST - For entertaining WP in the wake of alternate remedy, petitioner has to demonstrate that the order impugned was passed in defiance of fundamental principles of judicial procedure or in utter violation of principles of natural justice: HCIndia adds over 15,000 new cases as vaccination drive continuesFlipkart's 7.8 per cent acquisition of Aditya Birla Fashion and Retail gets CCI nodGST - Section 50 of Act - Period before amendment - Interest only on the net cash tax liability, as clarified by Press Release and CBIC Instruction: HCUnion Budget in zoonotic shadow of COVID-19 - Whether Wintry or Hot-wired?ST - O-i-O passed without granting personal hearing to assessee - matter remanded for fresh hearing within 3 months' time: HCI-T - A common order of approval cannot be passed by JCIT for passing assessment order for non-abated assessments u/s 153A for different assessment years : ITATGrow bags are correctly classifiable under CSH 3923 2990 and attract GST @18%: AARDistinct person - Transfer to branches located outside the State - Value to be adopted is in terms of rule 28 r/w s.15 of the Act, 2017: AARContention that DGGSTI investigation is 'generic' is not sustainable as the same is relating to 'class of products' supplied to Indian Railways - Application rejected: AARGST - Drilling of Bore wells in agricultural land is not 'Support Service for agriculture'; not entitled for exemption: AARGST - Compressor is not an agricultural machinery - Letting out the same is not a Support service for agriculture so as to be held exempted: AARIndia sends COVID-19 vaccine consignment to BangladeshPenalty u/s 271AAb cannot be levied even if there is no search u/s 132: ITATDeduction u/s 54EC & 54F can be granted when transfer of tenancy rights are assessed under head capital gains on grounds that no purchase price was paid for tenancy: ITATThe Uniform Accounting Standard for revenue recognition for ARCs recognize upside income if a non-charitable trust suffers shortfall of recovery over purchase consideration: ITATCX - If dutiable goods are not accompanied by proper invoices, onus lies on Revenue to determine who procured such goods & from where - Penalty u/r 26 of CER 2002 is unsustainable if imposed without any such investigation: CESTATCus - Import under EPCG license - DGFT issued EODC after raising duty demand for non fulfilment of export obligation - case remanded for re-consideration: CESTAT
COVID vaccine will be available in coming few weeks: PM Modi

By TIOL News Service

NEW DELHI, DEC 05, 2020: PRIME  Minister Mr Narendra Modi said that Indian scientists are confident of succeeding in developing a COVID-19 vaccine and it should be available within the coming weeks after experts give the nod.

Addressing an All Party Meeting with the floor leaders of all political parties in the parliament on Friday to discuss the COVID vaccination strategy, Modi said that the government is developing a comprehensive vaccination strategy.

"The world is keeping a watch on the cheapest and safe vaccine. That is why the world is watching India," he said.

Sharing details of his visit to pharmaceutical companies in Ahmedabad, Hyderabad and Pune to review the vaccine's development, the PM said India is developing eight potential vaccines - three are indigenous. They are in different stages of trial and will be manufactured in India.

Mr Modi said the vaccination campaign will kickstart in India as soon as experts approve.In an effort to administer the vaccine in an efficient, smooth and transparent manner, a database of healthcare and frontline workers, the augmentation of cold chains and the procurement of syringes and needles are in advanced stages of preparation.

As for the pricing, the PM said the Central government is in talks with the states and any decision will be taken "keeping public health as topmost priority."

A National Expert Group that includes technical experts and officials of both the Centre and state governments, has been constituted to shoulder the responsibility of the campaign related to the vaccine.

The PM also appealed to the citizens to be constantly alert and not let their guard downfollowing the preventive measures against the virus.

Around 12 leaders from prominent political parties were at the meeting. They assuredMr PM of their full support to ensure efficient and speedy vaccination.