News Update

Apple China tosses out WhatsApp & Threads from App store after being orderedChina announces launch of new military cyber corpsRailways operates record number of additional Trains in Summer Season 2024GST - 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: HC1st phase polling - Close to 60% voter turnout recordedGST - 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: HCMinistry of Law to organise Conference on Criminal Justice System tomorrowGST - To effectively contest the demand and provide an opportunity to petitioner to place all relevant documents, matter remanded but by protecting revenue interest: HCGovt appoints New Directors for 6 IITsGST - 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: HCNexus 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: HCI-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: HCIsrael launches missile attack on IranEC holds Video-Conference with over 250 Observers of Phase 2 pollsGermany disfavours Brazil’s proposal to tax super-richI-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: ITATGovt appoints Dinesh Tripathi as New Navy ChiefAFMS, IIT Kanpur to develop tech to address health problems of soldiersFBI sirens against Chinese hackers eyeing US infrastructureKenya’s top military commanders perish in copter crashCBIC notifies Customs exchange rates w.e.f. April 19, 2024Meta shares ‘Most Intelligent’ AI assistant built on Llama modelDengue cases soaring in US - Close to ‘Emergency situation’: UN Agency
 
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Mumbai, March 10, 2015
CE - Surprised by Revenue appeal - A clear rethink is necessary when blindly some ratio of Judgment of apex court and dehors factual position is relied upon to file frivolous Appeals - appeal dismissed: High Court
 
Chennai, March 09, 2015
ST - Theatre Artist Vs Movie Artist - Writ Petition challenging exemption given to Theatre Artists under Notification No 25/2012 as discriminatory - Petition has no merit: HC
 
Pune, March 09, 2015
Income tax - Whether 'customer base' acquired on account of transfer of business ownership of a company, is eligible for benefit of depreciation u/s 32(1)(ii) - YES: ITAT
 
Chennai, March 07, 2015
CBI arrests five Customs officials at Trichy Airport raids places in many States and seizes cash
 
Mumbai, March 07, 2015
ST - Refund - Notification 9/2009-ST - So long as there is an issue as to whether services consumed within SEZ are exempt or taxable, then, same would be having a relation to rate of duty -Appeals not maintainable: High Court
 
Jaipur, March 05, 2015
Sales Tax - Whether a composite works contract for 'supply of pipes' and 'contract of civil work' is liable to be classified as divisible contracts, and accordingly attracts levy of sales tax separately on certain items - YES: HC
 
New Delhi, March 05, 2015
Dishonest adjudication exercise - Commissioner defying Tribunal's directions and passing an order which should never have been passed - Cost of Rs 10,000 imposed: CESTAT
 
Chennai, March 05, 2015
Income tax - Whether income from 'deposits in current account' can be construed as trading receipt even if such deposits are admitted by Director of assessee-company as unexplained - NO: HC
 
New Delhi, March 04, 2015
Income tax - Whether if CIT fails to either accept or refuse approval u.s 12AA within six months, registration would be deemed as granted - NO: HC Larger Bench
 
Mumbai, March 04, 2015
Sales Tax - Whether basic burden about concealment of transactions or inaccurate furnishing of particulars of transaction is on Revenue - YES: HC
 
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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.