News Update

Nobel Prize for Physics goes to three scientists for study of electron dynamics in matterTremors of 5.5 magnitude scare NCR region; Epicentre is close to NepalCore Sector grows by 12% in August monthDRI lands hard punch on illicit wildlife trade; 955 live Gangetic Turtles rescued, 6 persons apprehendedOver 30 Lakh Audit Reports filed on I-T e-filing portal till Sept 30India, B'desh hold Joint Working Group on Trade meet; deeper trade ties, sustainable development on agendaRecycling on Wheels Smart-ER - Govt flags off new initiative for recycling e-wasteDecriminalisation of offences - A positive stepBSF seizes 2.7 kg drugs and China-made drones in PunjabInflation Reduction Act of America: Lessons for Indian Tax Administration!Crypto fraud in HP - Commoners lose over Rs 200 CroreST - Refund - Once it is found that assessee was not liable to be subjected to tax, it would not be bound by the limitation as prescribed u/s 11B of the Act: HCUS Speaker McCarthy on cusp of being voted outGST - ITC Refund - Zero Rated supplies - COVID-19 - Extension of time limit - Benefit of notification 13/2022-CT not provided as same was issued after rejection of application - Respondents to process application and grant interest: HCPope Francis does not mind blessing same-sex marriageST - Revenue has not denied the fact that service if at all rendered by appellant, was works contract per se, same cannot be taxed prior to 01.06.2007: CESTATWHO recommends Malaria vaccine developed by Oxford Univ and Serum InstituteST - In view of CBEC circular 112/06/2009-ST if the service provider providing various services to exporter, but has registration under one service, refund cannot be denied on this ground: CESTATElon Musk blasts Justin Trudeau for suppressing free speech in CanadaI-T- Writ Court's intervention is warranted only where the matter entails arbitrariness, lack of jurisdiction or contravention of principles of natural justice ; issues relating to assessment or manner of computation of income can be looked into by ITAT: HCWhatsApp bans over 74 lakh accounts in IndiaI-T - Show Cause Notice issued under Section 142(1) is invalidated where it allows only three days' time to the Assessee to file response thereto: HCCBDT receives over 30 lakh tax audit reports till Sept 30I-T- Draft assessment order merits being quashed where passed without considering reply submitted by Assessee to Show Cause Notice received: HCIndonesian President flags off BRI-funded high-speed train ‘Whoosh’ connecting China at 350 km per hourI-T- As per settled precedent, re-opening of assessment is invalidated, where it is triggered by change of opinion on part of the AO : HC
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TIOL Tube Latest

A Tete-a-tete with Larry Summers





TIOL Tube brings you an interview with former US Secretary of Treasury, Mr. Larry Summers who was recently in Delhi.




Mr. Vishweshwar Mudigonda, Partner, Deloitte Touche Tohmatsu India LLP sharing his thoughts at the TIOL Awards 2022 event.