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Apple China tosses out WhatsApp & Threads from App store after being ordered China announces launch of new military cyber corps Railways operates record number of additional Trains in Summer Season 2024 GST - 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: HC 1st phase polling - Close to 60% voter turnout recorded GST - 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: HC Ministry of Law to organise Conference on Criminal Justice System tomorrow GST - To effectively contest the demand and provide an opportunity to petitioner to place all relevant documents, matter remanded but by protecting revenue interest: HC Govt appoints New Directors for 6 IITs GST - 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: HC Nexus 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: HC I-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: HC Israel launches missile attack on Iran EC holds Video-Conference with over 250 Observers of Phase 2 polls Germany disfavours Brazil’s proposal to tax super-rich I-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: ITAT Govt appoints Dinesh Tripathi as New Navy Chief AFMS, IIT Kanpur to develop tech to address health problems of soldiers FBI sirens against Chinese hackers eyeing US infrastructure Kenya’s top military commanders perish in copter crash CBIC notifies Customs exchange rates w.e.f. April 19, 2024 Meta shares ‘Most Intelligent’ AI assistant built on Llama model Dengue cases soaring in US - Close to ‘Emergency situation’: UN Agency


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New Delhi, August 28, 2016 Electropreneur Park set up at Delhi Univ to incubate 50 early start-ups & to create at least 5 global companies over 5 years

New Delhi, August 28, 2016 International arbitration - Most BRICS members yet to have positive experience with investment arbitration; FM calls for not only free trade but also fair trade

New Delhi, August 27, 2016 Income tax - Whether licencee can claim entitlement to business loss on account of forfieture of licence fee, where the loss, if any, on account of forfeiture was sustained not by said licencee but by tranferee - NO: SC

Agartala, August 27, 2016 CX - NE exemption � Notfn 11/2007 is hit by promissory estoppel; cannot be sustained and accordingly is set aside - petitioner would continue to get benefit in terms of promise re-extended by OM dated 01.04.2007 for remaining period in terms of NEIP: HC

Cochin, August 27, 2016 I-T - Whether if toddy is tapped from coconut trees grown by members of a cooperative society and marketed for profit, such income is entitled to exemption u/s 80P - YES: ITAT

New Delhi, August 26, 2016 Sales Tax - Whether if there is movement of goods sans complete papers, penalty is only recourse to recoup loss of Revenue and there is no need to prove mens rea in such cases - YES: Supreme Court

New Delhi, August 26, 2016 Trade tax Act - Whether benefit of exemption u/s 4B(1) can be restricted to a manufacturer only who is engaged in sale of goods, when said provision itself extends such benefit to first purchaser who sells goods to another dealer having valid recognition certificate u/s 4B(2) - NO: SC

New Delhi, August 26, 2016 I-T - Whether mere mentioning of actual assets of a newly constructed plot by a developer in valuation report, without disclosing same in return, consitutes sufficient reasons for Revenue to believe that income chargeable to tax has escaped assessment - YES: SC

Chennai, August 26, 2016 Refund of unutilized CENVAT Credit on closure of factory is admissible - As LB decision relied on by Revenue did not consider High Court order allowing refund, same cannot be followed: CESTAT

New Delhi, August 25, 2016 TN VAT - Section 19(20) inserted by way of amendment is a provision which is made for first time to detriment of dealers and, therefore, cannot have a retro effect; constitutional validity upheld: SC

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Railways operates record number of additional Trains in Summer Season 2024

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

April 19, 2024

I-T- Onus of establishing receipt of services from Associated Enterprise has to be discharged on year to year basis by assessee company: ITAT

April 19, 2024

DTAA - Payment received on account of subscription, professional and training services cannot be deemed to be Fees for Technical service and be taxed as Royalty, where no technical know-how is made available: ITAT

April 19, 2024

Companies Act - Charges of professional misconduct in SCN are proved for which monetary penalty can be imposed : NFRA

April 19, 2024

PMLA - Application for anticipatory bail can be rejected as there is failure on part of applicant to appear before trial Court despite service of bailable warrant : HC

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