News Update

I-T - Delay in preferring appeal ought to be condoned if there is no allegation that delay in filing of appeal is mala fide or it is deliberate, rather it is bona fide based on wrong advise of counsel: HCAP CM announces jobs for families of Tirupati victims & Rs 25 lakh compensationI-T - AO could not assume jurisdiction merely and solely relying upon information made available on insight portal without forming any independent opinion on basis of material on record: HCRailways introduces special trains for Maha KumbhI-T - After April 01, 2002, provisions of Sec 32(1) shall apply whether or not assessee has claimed deduction in respect of depreciation in computing his total income: HCLanka arrests 10 fishermen; Stalin urges Dr Jaishankar to step inI-T - Failure to adhere to principles of natural justice and denial of opportunity of personal hearing, before passing assessment order u/s 143(3) r/w/s 144B, calls for denovo assessment: HCDrone-mapping helps discover Bronze Age settlement in Caucasus MountainsI-T - Deduction u/s 80IA is not available on installation of new turbine by assessee being new power plant, as same cannot be treated as new industrial undertaking: HCSC denies relief to Trump in hush money caseI-T - Every loss of Revenue as consequence of order of AO cannot be treated as prejudicial to interest of Revenue, so as to invoke revision u/s 263: ITATUS preps for new rules against Chinese vehiclesI-T - Starting point for initiating penalty proceedings would be date on which AO writes letter to ACIT recommending issuance of SCN and limitation would run from date of letter of AO recommending ‘initiation' of penalty: ITATMany Indian-origin Canadians in race to become next PMI-T - If there is no difference in quantity of excess stock at business premises and excess stock was calculated by survey team on estimated basis only, then AO can't calculate tax on surrendered stock as per Sec 115BBE: ITATBlackRock exits climate change groupST - Re-submission of a refund claim is not time-barred, where it is continuation of original claim filed within statutory limitation period of 2 years: CESTATCongress lambasts Govt on high GST ratesST - Rejection of refund claim - Non-issuance of Show Cause Notice is a serious procedural lapse which undermines fairness of the proceedings: CESTATOutgoing US Ambassador Eric Garcetti says ‘India captured my heart’ST - Mere proof of dispatch of Order-in-Original is insufficient to establish valid service thereof; dismissal of appeal without granting personal hearing contravenes principles of natural justice: CESTATPanagariya says citizens need to choose between freebies & amenitiesCus - Correct classification of Metal Core Printed Circuit Boards (MCPCBs) is under CTH 8534; MCPCBs are distinct from standard PCBs, hence classified separately: CESTATLebanon elects Army Commander Joseph Aoun as New PresidentCus - Motor Controller and Electric Tricycle Spare Parts are correctly classifiable under CTH 8503 0090 which covers parts to be used with motor, rather than under CTH 8708: CESTAT
 
Om Birla meets Speaker of House of Commons in London

By TIOL News Service

NEW DELHI, JAN 09, 2025: LOK Sabha Speaker Om Birla yesterday stressed that Election Commission of India has an excellent track record of conducting free, fair, independent and impartial elections, adding that India is a vibrant democracy with nearly one billion voters. Highlighting encouraging participation of women in the election process in India, he noted that such participation shows the inclusiveness in our electoral process.

Birla made these remarks during his meeting with Speaker, House of Commons of the Parliament of UK, H.E. Sir Lindsay Hoyle in London, yesterday. Mentioning that India is celebrating 75 years of adoption of the Constitution, Birla said that the Constitution of India has brought transformative socio-economic changes in the country. He expressed hope that India will be a developed country by 2047 - the centenary year of India's independence.

Noting that democracy in India is deep rooted from grassroots level to Parliament, Birla mentioned that the country is bridging gender gap in economy, polity and society through policy interventions. Highlighting India's achievements as a parliamentary democracy, Birla emphasised that despite the diversities, India has been successful in fulfilling the hopes and aspirations of different sections of society through parliamentary dialogues and discussion.

Referring to the use of digital technology in the Parliament of India, Lok Sabha Speaker noted that the use of digital technology has empowered the legislators and has helped them in discharging their parliamentary responsibilities more efficiently. State legislatures are also adopting new technologies to improve their functions, the Speaker said. Calling for strengthening parliamentary cooperation between India and UK, Birla stressed on more and more exchange of parliamentary knowledge, best practices and experiences between the two countries. Youth and women parliamentarians of both the countries should interact more frequently, Birla said.

Birla informed that Parliamentary Research and Training Institute for Democracies (PRIDE) at Lok Sabha Secretariat has emerged as one of the world class institutions in providing parliamentary training. He discussed about strengthening parliamentary cooperation through capacity building of legislators.

Observing that people to people ties constitute foundation of warm bilateral relations between the two countries, Birla was of the view that this bonhomie have made the relationship stronger and multifaceted. He noted that bilateral relations between India and UK have strengthened in the fields of science and technology, research and innovation, and space, and this has benefited the people of both the countries. Referring to the historical, cultural and economic ties between India and the United Kingdom, Birla noted with satisfaction that both the countries are working together in solving humanitarian problems of food and health security and finding answers to growing challenges like climate change.

On this occasion, Lok Sabha Speaker extended new year greetings to H.E. Sir Lindsay Hoyle and congratulated him on his election as Speaker, House of Commons, for the second time.


POST YOUR COMMENTS
   

TIOL Tube Latest

Former Prime Minister, Dr Manmohan Singh, delivering his Award Acceptance Speech after receiving TIOL Fiscal Heritage Award 2022 on Nov 8 at Taj Palace, New Delhi



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