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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Chennai, July 03, 2017
ST - Amendment to rule 2(e) only stated obvious, that there was no liability to pay service tax on trading activity -Rule 6(3)(c) would get triggered: HC
 
New Delhi, July 03, 2017
CX - Two different yardsticks cannot be followed for the same processes – extended period rightly invoked: CESTAT
 
Ahmedabad, June 30, 2017
I-T - Additions made during search operation on basis of loose papers / statement of person who did not appear for cross examination, is no valid addition
 
New Delhi, June 30, 2017
CX - Paper Tubes/Cores suffered duty on FOR destination basis - Waste and paring used for packing cannot be charged to duty separately by denying 67/95-CE: CESTAT
 
New Delhi, June 30, 2017
CX - It is untenable to hold Tyres, tubes & flaps as parts and components of automobiles so as to be assessed u/s 4A: CESTAT
 
Chennai, June 29, 2017
CX – It does not appear to be purpose of Notf. irrespective of amount forked out by way of duty paid on cement & steel, appellant would be entitled to claim refund @ 6% of cost of construction: HC
 
Chennai, June 29, 2017
CX - Observation that period of limitation would commence from date, when, order was dictated in Court is erroneous in law: HC
 
Ahmedabad, June 29, 2017
I-T - Additional disclosure of unaccounted income made with a view to end pending assessment, is no reason to conclude that initial disclosures made before Settlement Commission were false: HC
 
Mumbai, June 28, 2017
Cus - S.129E did not defeat or render vested right of appeal illusory - condition of pre-deposit is a reasonable condition: HC
 
Ahmedabad, June 28, 2017
I-T - Cost of interest on borrowed funds used for acquiring capital asset, can be taken as cost of acquisition of asset: ITAT
 
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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.




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