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Brazil’s proposal to tax super-rich globally finds many takers in G20 Group CPM manifesto promising annihilation of all weapons of mass destructions including nuclear, draws flak from Defence Minister Biden favours higher steel tariff on ‘cheating’ China + may up tariff on dominant solar tech suppliers US Poll: Biden trumps Trump in money race by USD 75 mn Netanyahu says Israel to decide how and when to respond to Iran’s aggression Google slays costs by laying off staffers & shifting roles outside US Coast Guard apprehends Indian fishing boat with unauthorised cash I-T - Sales supported by payments through banking channel which were not only disclosed in VAT returns but duly verified & accepted by VAT Department, cannot be treated as bogus to invoke Sec 68: ITAT SPACE, testing & evaluation hub for sonar systems, set up by DRDO, inaugurated in Kerala GST - Malabar 'Parota' Is Akin To 'Bread', Exigible To 5% GST: HC ST - Principles of constructive res judicata applies - Petitioner cannot seek to assail proceedings on grounds which were available to be raised in first round of litigation: HC Heavy downpours drown Dubai; Airport issues travel advisory GST - If the Proper Officer was of the view that any further details were required, the same could have been specifically sought before passing any order - Matter remitted: HC HM pledges to make India completely Maoist-free GST - Proper Officer has not applied his mind to the reply submitted and has merely held it to be devoid of merits - Order set aside and matter remitted: HC GST - Order was issued without hearing the petitioner - It is just and necessary to provide an opportunity to petitioner to contest the tax demand on merits: HC GST - Classification - It is incumbent on the respondent to duly consider all contentions raised by petitioner objectively without any pre-determination: HC GST - Whether the amount reflected as ITC tallies with the value of credit notes issued - Petitioner's explanation not duly examined - Matter remanded: HC GST Penalty of Rs. 3731 Crores on an employee!CCI okays acquisition of additional shareholding of Thyssenkrupp by Protos Engineering Microsoft to inject USD 1.5 bn in AI Group G42 of UAE DRDO organises workshop on 'Emerging Technologies & Challenges for Exoskeleton'Canadian budget proposes more taxes on higher income groups & tax credits for EVs I-T - Since application filed for condonation of delay is rejected by order without stating reason is set aside and application is restored for reconsideration: HC World leaders appeal for quick ratification of UN Ocean Treaty I-T- Re-assessment - if assessee submits objections thereto, then AO must pass order dealing with objections & also establish that facts presented by assessee are prima facie incorrect: HC UK House debates ban on smoking I-T- Deduction u/s 43B in respect of GST cannot be disallowed, where assessee is found to have paid GST before due date of filing ITR: ITAT Global economy to grow at 3.2% in current year and also 2025: IMF Great Barrier Reef in Australia suffers serious bleaching VAT - Input Credit - mere production of invoices or payment made by cheques/RTGS is enough to discharge burden of proof upon assessee: HC US to impose fresh sanctions on Iran’s missile programme Delhi Police nabs woman for thieving luxury SUVs


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Chennai, January 10, 2019 CX - Department cannot upset apple-cart and try to come to a new conclusion, that too, after a period of nearly 24 years - issuing SCN is a clear case of abuse of process of law: High Court

Agra, January 10, 2019 I-T - Addition of deemed dividend not sustainable if recipient assessee is not shareholder of lender company but is one of beneficiaries: ITAT

Ranchi, January 09, 2019 CST - Form C - Residence or registered office of dealer or assessee is not a valid test to decide nature of transaction whether it is intra-state or inter-state: HC

Mumbai, January 09, 2019 I-T - If any issue is already examined by AO and matter is concluded at level of Tribunal, then CIT has no jurisdiction to pass an order u/s 263 on same issue: ITAT

Mumbai, January 09, 2019 CX - In case Tribunal intended to follow case laws in favour of Revenue by ignoring those in favour of appellant, matter should have been referred to Larger Bench - Difference of opinion: CESTAT

New Delhi, January 08, 2019 Service Matter - CBI Director cannot be stripped off his powers during interim investigation against him on certain charges: SC Larger Bench

New Delhi, January 08, 2019 VAT - Addition of expression 'in all its forms' to existing taxing entry expands its scope & latitude: SC Larger Bench

Mumbai, January 08, 2019 CX - Notfn. 8/2003-CE - What constitutes simultaneous availment - CE Authorities cannot control Business plans of a manufacturer - difference of opinion: CESTAT

Mumbai, January 08, 2019 CX - Whether rejection of refund claim on limitation would be deemed to have been a rejection on all counts including merits and unjust enrichment angle - Difference of opinion: CESTAT

Bangalore, January 08, 2019 I-T - Addition of deemed dividend u/s 2(22)(e) not sustainable if recipient assessee is not shareholder of lender company: 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.

April 17, 2024 | New Delhi

Coast Guard apprehends Indian fishing boat with unauthorised cash

April 17, 2024 | New Delhi

SPACE, testing & evaluation hub for sonar systems, set up by DRDO, inaugurated in Kerala

April 17, 2024 | New Delhi

CCI okays acquisition of additional shareholding of Thyssenkrupp by Protos Engineering

April 17, 2024 | New Delhi

DRDO organises workshop on 'Emerging Technologies & Challenges for Exoskeleton'

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April 16, 2024

Diversion of goods imported under Advance Licence to Open Market: Mens rea upheld

April 09, 2024

Hearings in CESTAT after commencement of CIRP by NCLT

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April 2024 Edition

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

April 17, 2024

TP - ALP adjustment cannot be made with reference to entire turnover of assessee and ought to be restricted to value of international transactions: ITAT

April 17, 2024

TP - Land acquisition matters where market value is determined on bases of certain parameters peculiar to parties & property, CUP method is more appropriate for valuation of market price than circle rates: ITAT

April 16, 2024

Companies Act - ROC's decision of rejecting application for conversion is not contrary to legislative intent of Section 18 : HC

April 16, 2024

PMLA - If criminal case against person is quashed then there can be no offence of money laundering against him : HC

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