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Jio turns world’s top telco in terms of data traffic India takes part in 'Institutionalization of SMART Government for Improving Service Delivery' in London Gadkari faints during campaign; Heat takes toll on his health 'Sunflowers were the first ones to know' - film by FTII student selected at Cannes SARFAESI Act - Award of interest on auction money at rate applicable to fixed deposits is not a correct view and rate of interest deserves to be enhanced: SC (See 'TIOLCorplaws')ST - Chit Funds - Tax was not paid under mistake of law but upon demand by tax authorities - Refund not having been filed within time was rightly rejected: HC SC asks EC to submit more info on reliability of EVMs GST - Without considering reply on merits, proper officer has held that reply is unsatisfactory and, therefore, he is left with no alternative but to create demand - Order set aside: HC GST - Cancellation of registration retrospectively - Show Cause Notice and the impugned order are bereft of any details, accordingly the same cannot be sustained: HC GST - Registration could not have been cancelled retrospectively for the period for which returns were filed and taxpayer was compliant: HC GST - Notfn 11/2017-CTR amended by 03/2022 - Work contracts executed before 18 July 2022 - Petitioners should file refund claims before respondent agitating grievance and same be examined and orders passed within 4 months: HC Italy imposes USD 10 mn fine on Amazon for unfair business practices GST - Entire tax liability has been realised by appropriating the amount from the petitioner's bank account, therefore, Revenue interest stands fully secured - Since tax proposal was confirmed without participation of petitioner, order set aside and matter remanded: HC Caste Census is my mission, says Rahul Right to Sleep - A Legal lullaby US warns Pak of punitive sanctions against trade deal with Iran I-T- Income surrendered before approaching Settlement Commission not covered u/s 115BBE, where this provision did not exist during relevant AYs: HC Chinese companies decry anti-subsidy probe by EU I-T- Entire interest expenditure is allowable as deduction if loan funds is not diverted for non-income earning activities/personal purposes : ITAT UK to send military aid package worth USD 619 mn to Ukraine US regulator bans non-compete agreements by employees Air India, Nippon Airways join hands for travel between India and Japan SC grills Baba Ramdev & Balkrishna in misleading ad case


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New Delhi, July 24, 2016 PM asks Gems & Jewellery industry to enhance global presence; Industry seeks level-playing field and reduction in number of approvals to set up units�

New Delhi, July 24, 2016 Union Govt asks States to put in place pricing policy to cap retail prices of essential goods; Also calls for exemption from local taxes

New Delhi, July 23, 2016 Lokpal Act - CII represents to Govt to clarify on definition of term 'public servant'

New Delhi, July 23, 2016 Reports on estimation of black money parked abroad by 3 research institutions - North Block still studying and may complete it in next few weeks: FM

Ernakulam, July 22, 2016 Customs - Soft shell filter for blood bags is classifiable under CTH 9018 90 99 and is eligible for CVD exemption under Notification 12/2012 CE - CBEC Circular No 19/2013 dated 09.05.2013 quashed: High Court

Mumbai, July 22, 2016 CX - SC & HC have inherent powers to grant interest but Tribunal being creature of statute cannot grant relief not prescribed under said Act - Claim of interest @12% in respect of refund of pre-deposit not acceded to: CESTAT

Kolkata, July 22, 2016 I-T - Whether when returns of undisclosed income are filed after proper consultation between Revenue, company and its Director, imposition of penalty in such a case would be inequitable - YES: HC

Mumbai, July 22, 2016 ST - Notfn. 1/2006 - Benefit available only if in r/o 'such taxable services' CENVAT has not been availed: CESTAT

New Delhi, July 21, 2016 Exporters fail to bring exports proceeds & parking funds abroad; SIT asks ED to take stern action about 800 companies

New Delhi, July 21, 2016 High-value transactions - Missing PAN - Income Tax Department to issue 7 lakh letters

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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 24, 2024 | New Delhi

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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 24, 2024

TP - Arm's length computation of corporate guarantees issued by assessee in favour of its AEs abroad taken at 1% which has been approved for earlier A.Ys, cannot be disturbed in absence of contrary: ITAT

April 24, 2024

I-T- DTAA does not get triggered at all when a domestic company pays DDT u/s 115-O of the Act : ITAT

April 24, 2024

PMLA - Considering money trail and involvement of applicant in crime he is not entitled for anticipatory bail : HC

April 24, 2024

Competition Act - Informant has neither referred to any particular agreement nor provided any document which suggest existence of anti-competitive agreement : CCI

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