SIGN IN SUBSCRIBE

News Update

Israel-Iran War: A close shave for Global Economy but for how long?I-T - If income from stock-in-trade are held as investments, then provisions of section 14A would apply to such income: ITATTRAI recommends on Infra Sharing, Spectrum Sharing & Spectrum LeasingI-T- Revisionary powers u/s 263 can't be exercised when AO has neither assumed facts incorrectly nor there is incorrect application of law : ITATTechnology Board okays funding of Dhruva Space's Solar Array ProjectI-T- Issue of interest is debatable issue on which two views are possible and AO accepted one of views for which PCIT cannot assume revisional jurisdiction: ITATHealth Secy visits Bilthoven Biologicals, discusses production of Polio VaccineI-T - Estimation of profit element from purchases should be done reasonably if assessee could not conclusively prove that purchases made are from parties as claimed, in absence of confirmations from them: ITATStudy finds Coca-Cola accounts for 11% of branded plastic pollution worldwideI-T- Triplex flats purchased are interconnected and can be considered as 'a residential unit'' as per definition of section 54F of Act : ITATDelhi HC says conspiracy against PM is a crime against StateI-T- AO omitted to probe issue of cash payments made over specified limit; revisionary power u/s 263 is rightly exercised: ITATBrazil makes new rules to streamline consumption taxesI-T-Power of revision unnecessarily exercised where AO had no scope to examine creditworthiness & genuineness of assessee's creditors: ITATBiden signs rules mandating airlines to give automatic refunds for delayed or cancelled flightsI-T-As per settled law, in absence of enabling powers, no disallowance can be made : ITATBYD trying to redefine luxury for new EV variantsGST - On the one hand, the order states registration is liable to be cancelled retrospectively and on the other hand mentions that there are no dues - Order modified: HCIsrael finally moving ahead with Rafah OperationsGST - Registration cancelled retrospectively on ground that physical verification revealed that the firm was non-existent - Petitioner had informed that they shifted business and had sought cancellation of registration - Order cancelling registration modified: HCNorway oil major boss says Europeans are not hard-working as compared to AmericansGST - Since registration was cancelled, petitioner could not access portal and view the SCNs and file replies - Order set aside and matter remitted: HCJio turns world’s top telco in terms of data trafficGST - Reply filed is a detailed one and if the proper officer was of the view that the same was unsatisfactory, he should have specifically sought further details - Matter is remitted: HCGadkari faints during campaign; Heat takes toll on his healthGST - SCN does not put petitioner to notice that the registration is liable to be cancelled retrospectively - Order set aside and registration restored: HCSC asks EC to submit more info on reliability of EVMsGST - Non-application of mind - Proper officer has merely observed that the reply filed is unclear and unsatisfactory and, therefore, the demand is confirmed - Matter remitted for re-adjudication: HCItaly imposes USD 10 mn fine on Amazon for unfair business practicesCommercial Tax - Judgment of High Court is in jeopardy once appeal is entertained by Supreme Court - Appeals shall remain pending before the Appellate Board, Bench at Indore, till the issue is decided by Apex Court: HCUS warns Pak of punitive sanctions against trade deal with IranST - As the job-work undertaken by appellant amounts to manufacture, service tax cannot be levied on them under both Heads 'Business Auxiliary Service' and 'Business Support Service': CESTATRight to Sleep - A Legal lullabyCX - Existence of corroborative evidence is essential in order to establish clandestine removal of goods and same cannot be merely based on assumptions and presumptions: CESTAT
 
India sees COVID-19 cases spike, records over 17,000 daily infections

By TIOL News Service

NEW DELHI, MAR 04, 2021: SIX States in India account for over 85 per cent of the 17,407 daily COVID-19 cases reported over the past 24 hours, said the Health Ministry on Thursday. Maharashtra, Kerala, Punjab, Tamil Nadu, Gujarat and Karnataka also continue to report a surge in the daily new cases.

On Thursday, Maharashtra reported the highest daily new cases at 9,855 - also its highest since October 18, when it had recorded 10,259 infections. It is followed by Kerala with 2,765 cases, while Punjab reported 772 new cases.

So far, India has recorded 1,11,56,923 confirmed COVID-19 cases, while the active cases stand at 1,73,413, comprising 1.55 per cent of the total caseload.

Meanwhile, the death toll increased by 89, taking the tally to 1,57,435, and recoveries surged to 1,08,26,075 with 14,041 people getting discharged over the past day. India's recovery rate continues to rise and now stands at 97.03 per cent, while the case fatality rate is 1.41 per cent.

According to the Indian Council of Medical Research (ICMR), 21,91,78,908 samples had been tested up to March 3 with 7.75 lakh samples tested on Wednesday itself.

The government has also administered more than 1.66 crore vaccine doses, said the Health Ministry, with Prime Minister Mr Narendra Modi, President Mr Ram Nath Kovind, Health Minister Mr Harsh Vardhan and Finance Minister Ms Nirmala Sitharaman receiving their first dose over the past three days.

Since the start of the second phase of the vaccine drive, over 10 lakh doses have been administered to those over the age of 60, and 1.43 lakh beneficiaries over 45 with co-morbidities have received their shots.


POST YOUR COMMENTS
   

TIOL Tube Latest

TIOL Tube
Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.

TOP NEWS

AR not Afar by SK Rahman

VISION 360



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.

TII LATEST

TIOLCORPLAWS LATEST