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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Chandigarh, October 10, 2016
I-T - Whether mere 28% shareholding of a company does establish fact that shares were acquired wholly and exclusively for purpose of control and not for earning income - NO: HC
 
New Delhi, October 10, 2016
Cus - ADD - Position of 'Equal Economic Importance' cannot be given to chlorine in Indian context and thus cannot be treated as joint product - DA finding justified: CESTAT: Larger Bench
 
New Delhi, October 09, 2016
Fixed Term employment introduced for Apparel Manufacturing Sector - win-win situation for both Employers and Employees: Govt
 
Paris, October 09, 2016
MSMEs suffering, dying for lack of trade finance; Shortage more acute in Africa; Banks reject 60% applications, finds ICC Global Survey
 
New Delhi, October 08, 2016
Customs - Anti Dumping Duty - In garb of unclaimed confidentiality, DA cannot shirk from its responsibility to act fairly in its quasi-judicial role and refuse to indicate reasons for its findings - SC Larger Bench
 
Chennai, October 07, 2016
Wealth Tax - Whether vacant land held by Bank carrying on core banking activity as an Industrial Enterprise, can be included within purview of expression 'asset' described u/s 2(ea), for period of first 2-yr from date of acquisition - NO: HC
 
Kolkata, October 07, 2016
Cus - DFIA - If merchant exporter has not availed CENVAT facility, then it cannot be deprived of benefit of exemption from payment of additional customs duty just because manufacturer of export product has availed CENVAT: HC
 
New Delhi, October 07, 2016
Assam Sales Tax Concession - Blending and packing of tea does not amount to manufacture - No Estoppel against Law: SC
 
Ernakulam, October 07, 2016
Customs - No duty can be demanded when option to redeem goods confiscated u/s 125 is not exercised: High Court
 
Chennai, October 07, 2016
I-T - Whether registration of 'sale certificate' of mortgaged property sold by bank in an auction sale, in compliance with provisions under Registration Act, can be denied by Sub Registrar on mere ground of attachment of such property - NO: HC
 
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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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