News Update

Apple China tosses out WhatsApp & Threads from App store after being orderedChina announces launch of new military cyber corpsRailways operates record number of additional Trains in Summer Season 2024GST - Assessing officer took into account the evidence placed on record and drew conclusions - Bench is, therefore, of the view that petitioner should present a statutory appeal: HC1st phase polling - Close to 60% voter turnout recordedGST - Tax liability was imposed because petitioner replied without annexing documents - It is just and appropriate that an opportunity be provided to contest tax demand on merits, albeit by putting petitioner on terms: HCMinistry of Law to organise Conference on Criminal Justice System tomorrowGST - To effectively contest the demand and provide an opportunity to petitioner to place all relevant documents, matter remanded but by protecting revenue interest: HCGovt appoints New Directors for 6 IITsGST - Petitioner has failed to avail opportunities granted repeatedly - Court cannot entertain request for remand as there has been no procedural impropriety and infraction of any provision by assessing authority: HCNexus between Election Manifesto and Budget 2024 in July!GST - Classification - Matter which had stood examined by Principal Commissioner is being treated differently by Additional Commissioner - Prima facie , approach appears to be perverse: HCI-T- Denial of deduction u/s 80IC can create perception of genuine hardship, where claimant paid tax in excess of what was due; order denying deduction merits re-consideration: HCIsrael launches missile attack on IranEC holds Video-Conference with over 250 Observers of Phase 2 pollsGermany disfavours Brazil’s proposal to tax super-richI-T- If material found during search are not incriminating in nature AO can not made any addition u/s 153A in respect of unabated assessment: ITATGovt appoints Dinesh Tripathi as New Navy ChiefAFMS, IIT Kanpur to develop tech to address health problems of soldiersFBI sirens against Chinese hackers eyeing US infrastructureKenya’s top military commanders perish in copter crashCBIC notifies Customs exchange rates w.e.f. April 19, 2024Meta shares ‘Most Intelligent’ AI assistant built on Llama modelDengue cases soaring in US - Close to ‘Emergency situation’: UN Agency
 
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Bengaluru, August 08, 2017
CST - Specific amendment in FTP removing anomaly & allowing CST refund in r/o goods purchased from DTA should be treated as a clarificatory: HC
 
New Delhi, August 08, 2017
I-T - Mere receiving of service charges for conducting safety management programs, would not convert essential function of charitable society to that of business: HC
 
Mumbai, August 08, 2017
I-T - Any transfer from Share holder's A/c to Policy holder's A/c shown as part of surplus from insurance business in 'actuarial valuation', cannot be taxed u/s 44: ITAT
 
Mumbai, August 08, 2017
ST - A transaction which is a ‘deemed sale' under Article 366(29A)(d) could not be taxed as a service: CESTAT
 
Kolkata, August 08, 2017
CX - Powder Hair Dye sachets of 3 gms. packed in mono carton containing 6 or 8 sachets is a retail package: CESTAT
 
New Delhi, August 07, 2017
Reprieve for senior IRS officer; SC rules proof of demand is sine qua non for offences under Ss 7 & 13 of Corruption Act
 
New Delhi, August 07, 2017
Cus - No appeal to Supreme Court on facts decided by CESTAT, says SC
 
Mumbai, August 07, 2017
ST - Service of a proper SCN is essential for assuming jurisdiction to pass an order: CESTAT
 
Mumbai, August 07, 2017
ST - There is no tax amount under dispute but only penalty, interest and late fee - pre-deposit of 10% of penalty is mandatory u/s 35F of CEA, 1944: CESTAT
 
New Delhi, August 07, 2017
Cus - Presence of Rhodium in imported wire does not change classification of product as anything other than Platinum - Benefit of 12/2012-CE available: CESTAT
 
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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.




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