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US Presidential Poll: Tall promises by Hopefuls elbow economy closer to tax-doom-loop!Sourav Ganguly goes to Police against cyberbullying Yadav calls for development of sustainable, Inclusive low-carbon transport systems Fed lives up to global expectations; cuts interest rate by 0.5% - first cut in last 4 years Mandaviya chairs meeting to provide Social Security to Gig and Platform Workers Cus - Import of Areca Nuts - Department did not follow procedure laid down by CBEC for verification or testing/re-testing, to establish true origin of goods; Nuts imported from Sri Lanka otherwise meet requirements for duty-free import under Notfn No 26/2000-Cus: CESTAT CAQM announces revised GRAP schedule for Delhi-NCR China to be on top of agenda at Quad meeting: White House Cus - No proper evidence is found towards Customs Officer's involvement in fraud, the allegation that appellant has actively colluded with Customs officials cannot legally sustain, penalty imposed on appellant also cannot sustain: CESTAT India's position is of a 'Vishwa Bandhu' in global world order: CDS Gen Anil Chauhan ST - The contracts being composite in nature and demand having been raised under Construction of Residential Complex Services, demand of service tax cannot sustain for the period after 01.07.2010 also: CESTAT Govt organises 'FAME's Success in Transforming India's EV Landscape: From Vision to Reality'Death toll rises to 21 in second wave of blasts in Lebanon - it was Walkie-Talkie after pager I-T - Miscellaneous income such as commission, discount charges, sale of wastages and diesel sales are to be treated as income derived from industrial undertaking: HC Germany halts exports of weapons to Israel I-T - If any statute has been enacted, there cannot be insertion of any word beyond the contents of the statute: HC I-T - Contributions to PF/ESI paid before the due date u/s 139(1) of the Act are allowable as deduction: ITAT Baltimore Bridge collapse: US seeks USD 100 mn compensation from Singapore-based ship owner I-T - No license is granted under Income tax Act to misuse presumptive scheme of taxation and camouflage undisclosed income from unexplained sources under guise of turnover/gross receipt: ITAT I-T - If no return of income is filed by tax-payer, then appeal can only be admitted by CIT (A) only when tax-payer has paid advance tax which was payable by him: ITAT Faux cybercrime platforms busted in global operations; 51 arrested by Europol I-T - Dismissal of assessee's appeal in limine by CIT(A), without going into merits of issues, solely due to non-appearance of assessee, is unsustainable, being in direct contravention of Section 250(6): ITAT I-T - CIT(A) has powers co-terminus with those of the AO and is permitted under law to make own inquiry or direct AO to inquire into the matter, in case of assessee's absence : ITAT IMF pauses Mission to Moscow after Kyiv protests 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 Provisional Attachment - Precaution, Persecution, Penury?Dak Ghar Niryat Kendra expands export services with automated IGST Refund facility The Delay Dynamics


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Chennai, June 17, 2016 CENVAT Credit of Service Tax on insurance premium for health insurance of factory employees is admissible even after amendment to Rule 2(l): CESTAT

Pune, June 17, 2016 I-T - Whether when there is no business activity during year, it is justified if assessee company pays rent for residence of Director particularly when it is paid to wife of Director who is specified person u/s.40A(2)(b) - NO: ITAT

Chandigarh, June 17, 2016 CX - CESTAT is right in holding that as per third proviso to s.35C (2A) of CEA, 1944, it has got power to grant extension of stay beyond 365 days from initial order of stay : High Court

Mumbai, June 16, 2016 CX - Refund - Accounting treatment such as not showing amount receivable in 2007-08 but showing same in 2008-09 is acceptable under I-T Act, therefore, Revenue could not have questioned same - claim not hit by unjust enrichment: CESTAT

Chennai, June 16, 2016 Customs - Exemption from CVD under Notification No 30/2004-CE is not admissible to fabrics of silk imported as exemption is conditional - Revenue's appeal against CESTAT order allowed: High Court

Kolkata, June 16, 2016 Cus - Kolkata, CFL has certified that betel nuts are fit for human consumption, Customs authorities should have no further reservation in releasing consignment: HC

New Delhi, June 16, 2016 I-T - Whether if assessee could not explain fall in gross profit on distress sale made to its sister concern, AO has authority to make addition on such account - YES: ITAT

Mumbai, June 16, 2016 CX - Appellant have been submitting cenvatable invoices to Jurisdictional authorities, therefore, entire detail of Cenvat Credit & nature of services were available with department - suppression cannot be alleged: CESTAT

New Delhi, June 15, 2016 Cabinet approves Integrated Civil Aviation Policy; Cargo volumes projected to go up four times to 10 mn tonnes; huge incentives for MRO Sector & domestic fare capped at Rs 2500 per hour

New Delhi, June 15, 2016 India, Switzerland join hands for early implementation of Automatic Exchange of Information; Revenue Secretary welcomes Swiss decision to amend law to share info on stolen data obtained by India

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

September 19, 2024 | New Delhi

Yadav calls for development of sustainable, Inclusive low-carbon transport systems

September 19, 2024 | New Delhi

Mandaviya chairs meeting to provide Social Security to Gig and Platform Workers

September 19, 2024 | New Delhi

CAQM announces revised GRAP schedule for Delhi-NCR

September 19, 2024 | New Delhi

India's position is of a 'Vishwa Bandhu' in global world order: CDS Gen Anil Chauhan

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September 17, 2024

Undervaluation of Imported Aluminium Scrap

September 09, 2024

Undervaluation of Imported Aluminium Scrap

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

September 19, 2024

DTAA - penalty cannot be imposed where assessee is under bona fide belief that TDS is already paid and that no further payment is required: ITAT

September 18, 2024

TP - Assessee entitled to voluntary transfer pricing adjustment as per Section 92C: ITAT

September 19, 2024

Trademarks Act - Suit for Permanent injunction can be filed for defamation, damage to reputation and tarnishment of brand equity, brand dilution, infringement of registered trademark made on social media platform: HC

September 19, 2024

IBC - obstruction of implementation of resolution plan and forfeiture of share application money passing it as performance guarantee money was not unwarranted and unreasonable: NCLAT

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