News Update

Multiple Adjournments of Appeals, After Issue of Final Order - Attempt to Restore ThemDRI faces Canon - againCENVAT Credit for Telecom Tower Erection: A Boon for IndustryTrump says India collects a lot of tariff; threatens reciprocal taxI-T - Recourse to Rule 8D for computing disallowance u/s 14A is available only if taxpayer's computation of expenses attributable to earning exempt income, is found to be inadequate: HCGoa CM’s wife sues AAP MP Sanjay Singh for Rs 100 CrI-T - Reopening u/s 148 can't be sustained, in case of apparent disconnect between reasons which were originally recorded for initiation of reassessment and disclosures which stand embodied in final assessment order: HCSyrian rebels dig out mass grave - ‘machinery of death’ under AssadI-T - Reopening of assessment is not permitted beyond period as stipulated u/s 149(1): HCTrump all set to roll back Biden’s EV policiesI-T - Order passed by Tribunal premised on incorrect facts regarding service of CIT(A)'s order on assessee's correct address, which was actually incorrect, merits re-adjudication: HCFTC bans hidden junk fees in hotelI-T - Once issue is already scrutinized during regular assessment, then same issue can't be considered for assumption of jurisdiction to reopen assessment, as it would amount to change of opinion: HCNASA again delays home-coming of astronauts stuck at Space StationI-T- Additions framed merit being set aside where assessee sufficiently explains source of bank deposits as coming from own deposits & cash gifts received from close family: ITATCBIC launches new initiatives to enhance taxpayer's servicesI-T- Exemption u/s 54 is allowed based on amount utilized from sale consideration towards construction of a property, even if construction is not completed: ITATIndia's pharma market for FY 2023-24 peaks beyond USD 50 billionCus - As per settled legal position, freight is not included in duty calculation when foreign vessel is imported for first time: CESTATCCPA notices to 45 coaching centers for misleading advertisement: MoSCus - In absence of any condition of end use certificate in Notification, same cannot be imposed and for that reason exemption cannot be denied: CESTATPLI for medical devices allocated Rs 3420 Cr: MoSCus - Duty payable on ship stores consumed during ship's coastal run, is rightly excluded while finalising Bill of Entry: CESTATNew DPSUs will carry forward modernisation & indigenisation: RMCus - CBLR - Regulation 10(e) stands contravened as broker failed to exercise due diligence in handling documents & filing import declarations by permitting unauthorised use of it's dongle for filing bill of entries: CESTATUnion Minister invites Uniqlo to invest in PM's Mega ParksCus - Order revoking Customs broker's license & forfeiting security deposit and imposing penalty, are untenable where timelines prescribed for issuing SCN, submitting inquiry reports & passing order, are not adhered to: CESTAT
 
Gati Shakti Vishwavidyalaya, Indian Navy sign MoU for Logistics related research

By TIOL News Service

NEW DELHI, DEC 17, 2024: GATI Shakti Vishwavidyalaya, Vadodara has signed a Memorandum of Understanding (MoU) with t he Indian Navy in New Delhi today. The MoU aims at enhancing logistics-related education, research, and training for the Indian Navy.

The agreement, signed by Vice Admiral Deepak Kapoor (Controller of Logistics, Indian Navy) and Prof. Manoj Choudhary (Vice-Chancellor, Gati Shakti Vishwavidyalaya), represents a major milestone in bolstering India Navy's logistics capabilities and operational efficiency.

The collaboration is set to strengthen the Indian Navy's logistical framework by focusing on supply chain management, multimodal transportation, and sustainability in logistics. It also aligns with national development initiatives such as the PM Gati Shakti National Master Plan 2021 and the National Logistics Policy 2022.

The MoU facilitates the exchange of expertise and case studies in areas such as AI applications, predictive analytics, and blockchain technology to elevate logistics practices. A specified number of Indian Navy officers will also have the opportunity to pursue academic degrees at Gati Shakti Vishwavidyalaya (GSV), alongside management development programs designed exclusively for them.

Building on its existing partnerships with the Indian Army and Indian Air Force, Gati Shakti Vishwavidyalaya now caters to the education and research needs of all three defence services. The university's central focus on transportation and logistics places it at the forefront of skill development and innovation in this critical sector.

Vice Admiral Deepak Kapoor emphasized that this collaboration would empower the Navy with advanced logistics capabilities and practical insights, while Gati Shakti Vishwavidyalaya benefits from the Navy's operational expertise. Prof. Manoj Choudhary highlighted the role of efficient logistics in mobilizing forces quickly and underscored the university's commitment to fulfilling its national mandate through innovation and collaboration.

Gati Shakti Vishwavidyalaya, established in 2022 as a central university under the Ministry of Railways, is dedicated to creating world-class talent in the logistics and transportation sectors. With Ashwini Vaishnaw, Union Minister for Railways, Information & Broadcasting, and Electronics & IT, as its first Chancellor, the institution continues to lead the way in addressing India's logistics challenges.

Rear Admiral Rajat Kapoor and senior officials from the Ministry of Railways, Indian Navy, and Gati Shakti Vishwavidyalaya were present at the signing ceremony, marking a significant step forward in advancing India's defence and logistics capabilities.


POST YOUR COMMENTS
   

TIOL Tube Latest

Conferment of TIOL Awards 2024. The event was held on October 1, 2024 at Taj Palace, New Delhi



Technical Session I - Ease of Doing Business: GST on Digital Economy