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Cabinet okays National Centre of Excellence for Animation, Visual Effects & Gaming Cabinet accepts recommendations of High-Level Committee on Simultaneous Elections Cabinet gave approval for CHANDRAYAAN-4 Mission Income tax collections till Sept 15 up by 16%After Moon and Mars, India sights science goals on Venus Cabinet approves Pradhan Mantri Janjatiya Unnat Gram Abhiyan ISRO to develop launch reusable vehicle with high payload Japan, France to ink military pact by year-end FM holds 2nd review meeting on Capex for Ministry of Railways Cyber fraud - posing as CBI officer - Railway staffer loses Rs 9 lakh Global Renewable Energy Meet: Investment commitments of Rs 32.45 lakh Cr poured: Joshi Tupperware finally files for bankruptcy Ministry of Ports appoints Olympian Manu Bhaker as New Brand Ambassador Coast Guard nabs 3 Lankan boats with 3 crew members Provisional Attachment - Precaution, Persecution, Penury?Haryana election: Drugs, liquor worth about Rs 27 Crore seized Dak Ghar Niryat Kendra expands export services with automated IGST Refund facility Trump says he will meet PM Modi next week Centre asks Edible Oil Associations to maintain MRP of stocks imported at 0% & 12.5% BCD China says tariff on EVs to damage Germany VAT - If application for certified copy is made, then Authority receiving has duty to endorse such application, and inform applicant in writing of date when such certified copy would be ready for collection: HC India's World Heritage tally grows to 43 with addition of Moidams from Assam BlackRock, Microsoft to float USD 30 bn fund for AI Infrastructure CX - The refund cannot be rejected even if higher duty has been paid than what was payable because the refund is eligible for amount of duty paid by appellant: CESTAT Chief of Integrated Defence Staff to attend Indo-Pacific conference in Hawaii Cus - If a speaking order was not passed within 15 days, the assessing officer cannot now be granted any extension to pass a speaking order: CESTAT UN body says ozone layer is healing now I-T - Information received from Investigating Unit of Revenue cannot be sole basis for forming belief that income of assessee has escaped assessment: HC Scourge of wildfires engulf Portugal; 3 fire-fighters die I-T - Revenue must condone delay in filing the Form 10B i.e. Audit Report so as to enable assessee trust to get exemption u/s 11, in case of genuine hardship in delay in submitting Form 10B: HC 9 killed & 2800 injured as electronic pagers made in Taiwan, used by Hezbollah, simultaneously explode in Lebanon; Israeli hand suspected India’s exports down by 9% to USD 34.7 bn in August Election credibility in worst decline in years: Institute for Democracy Study No demolition without SC permission, rules SC Cleanliness has now become a people's movement: Piyush Goyal Advancing Rulings - Buyer Beware!The Delay Dynamics GST needs Poland's 'split payment' regime


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Kolkata, July 08, 2016 I-T - Whether where assessee chooses to withhold best evidence & relies on secondary evidence assuming that any secondary piece of evidence was adduced, then presumption in law shall be against assessee - YES: HC

Mumbai, July 08, 2016 CX - Merely because Excise duty is booked as expenditure in Profit & Loss account, it cannot be said incidence of duty has been passed on - Matter remanded: CESTAT

Mumbai, July 07, 2016 ST - In definition of IPR, law being referred to has to be an Indian Law and not recognition of intangible property right under law of a third country: CESTAT

Ahmedabad, July 07, 2016 I-T - Whether once prescribed authority has granted approval for scientific research, it is no longer open to AO to question satisfaction of conditions under Rule 18DA - YES: HC

Mumbai, July 07, 2016 CX - Undervaluation - there is nothing to show that main appellant was aware of fact that merchant manufacturers have not stated correct value of grey fabrics - for wrong declaration of value by supplier, extended period is not available: CESTAT

Mumbai, July 06, 2016 CX - It is necessary to establish beyond doubt that buyer is knowingly involved in fraud committed by supplier - Buyers forgoing their claim of rebate - Penalty not imposable u/r 26, 27 of CER, 2002 - Appeals allowed: CESTAT

Chennai, July 06, 2016 I-T - Whether when a petition is filed before SC seeking leave to appeal and same having been converted into an appeal by SC, HC should not entertain review petition in relation to that & HC cannot also reverse or modify order impugned before Apex Court - YES: HC

Kolkata, July 06, 2016 CX - When a citizen is charged with having done something wrong & some material is provided by such citizen to disabuse authority of its impression, such evidence has first to be discredited upon a cogent discussion thereon before original suspicion of wrongdoing is exalted to a final finding: HC

New Delhi, July 05, 2016 I-T - Whether, for shipping company qualifying u/s 115VD, purchase of slot charter is to be construed as deemed tonnage which does not require furnishing of a 'valid certificate' as per Sec 115VX - YES: Supreme Court Larger bench

Mumbai, July 05, 2016 CX - Refund - If it is established that appellant was issued debit note by principal towards excise duty initially paid by appellant and same has been accounted for in books of both parties, it is clear that incidence of duty paid does not stand passed on to principal: CESTAT

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TIOL Tube

TIOL Tube brings you an interview with former US Secretary of Treasury, Mr. Larry Summers who was recently in Delhi.

September 18, 2024 | New Delhi

Cabinet okays National Centre of Excellence for Animation, Visual Effects & Gaming

September 18, 2024 | New Delhi

Cabinet accepts recommendations of High-Level Committee on Simultaneous Elections

September 18, 2024 | New Delhi

Cabinet gave approval for CHANDRAYAAN-4 Mission

September 18, 2024 | New Delhi

After Moon and Mars, India sights science goals on Venus

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September 17, 2024

Undervaluation of Imported Aluminium Scrap

September 09, 2024

Undervaluation of Imported Aluminium Scrap

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September 2024 Edition

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

September 17, 2024

TP - Government companies cannot be considered as comparables, is not absolute rule: HC

September 16, 2024

DTAA - Article 24 - India-Switzerland treaty doesnot impose obligation upon either of Contracting States to carry out administrative measures at variance with regulations of either Contracting State which would be contrary to its sovereignty, security or public policy: HC

September 18, 2024

Patents Act - Feature of invention is sufficient to cross threshold of Section 3(k) of Indian Patent Act: HC

September 18, 2024

Arbitration - Arbitral award which has become final and hasn't been challenged cannot seek extension of time u/s 29: HC

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