News Update

India-bound oil tanker struck by Houthi’s missiles in Red SeaRBI issues draft rules on digital lendingCRPF senior official served notice of dismissal on charges of sexual harassmentColumbia faculty blames leadership for police action against protestersGoogle to inject USD 3 bn investment in data centre in IndianaUN says clearing Gaza mounds of rubble to take 14 yrsBlinken says China trying to interfere US Presidential pollsWorld Energy Congress 2024: IREDA CMD highlights need for Innovative Financing SolutionsVoter turnout surpasses 50% by 4 PM in Phase 2 pollsXI tells Blinken - China, US ought to be partners, not rivalsST - SVLDRS, 2019 - Amnesty Scheme, being of the nature of an exemption from the requirement to pay the actual tax due to the government, have to be considered strictly in favour of the revenue: HCCus - Smuggling - A person carrying any article on his belonging would be presumed to be aware of the contents of the articles being carried by him: HCCus - Keeping in mind the balance of convenience and irreparable injury which may be caused to Revenue, importer to continue indemnity bond of 115 crore and possession of confiscated diamonds to remain with department: HCCus - OIA was passed in October 2022 remanding the matter to adjudicating authority but matter not yet disposed of - Six weeks' time granted to dispose proceedings: HCI-T - High Court need not intervene in matter involving factual issues; petitioner may utilise option of appeal: HCChina asks Blinken to select between cooperation or confrontationI-T - Unexplained cash credit - additions u/s 68 unsustainable where based on conjecture & surmise alone: ITAT
 
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New York, November 08, 2015
TRIPS provisions not to apply to pharma products in LDCs upto 2033
 
New Delhi, November 08, 2015
NALSA launches seven New & Revised Social Welfare Schemes; Legal Services should be region specific, says Law Minister
 
Paris, November 07, 2015
OECD releases international standard for collection of VAT on cross-border sales
 
New Delhi, November 07, 2015
Cus - To allow appellant to contest consented value now is to put Revenue in impossible situation as goods are no longer available - Revenue rightly did not proceed to further compile all evidences into SCN as doing so would have invited allegation of harassment: CESTAT
 
New Delhi, November 06, 2015
I-T - Whether sum paid for transfer of industrial plot can be treated as understated on basis of sale instance of a residential plot - NO: Supreme Court
 
Chennai, November 06, 2015
CX - Challenge to Notifications 34 & 37 of 2015 fails - High Court dismisses Writ Petitions filed by importers and holds that these Notifications are not ultra vires Section 5A(1)
 
New Delhi, November 06, 2015
ST - Question of applicability of S. 11B r/w S. 83 of FA, 1994 to refund application of Appellant would arise only if CESTAT came to conclusion that services rendered were in fact liable to service tax - Matter remanded: High Court
 
Kolkata, November 06, 2015
I-T - Whether change in method of stock valuation can be denied merely on basis that it had resulted into losses for assessee company in year of such change in method of stock valuation - NO: ITAT
 
Mumbai, November 06, 2015
Cus - Whether condition of the notification 64/88-Cus for period past rescission of notification is not required to be fulfilled - Conflicting views, therefore, matter referred to Larger Bench: CESTAT
 
New Delhi, November 05, 2015
Cabinet approves financial turnaround scheme for power distribution Cos - UDAY
 
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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.


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