News Update

Cus - When there is nothing on record to show that appellant had connived with other three persons to import AA batteries under the guise of declaring goods as Calcium Carbonate, penalty imposed on appellant are set aside: HCCongress fields Rahul Gandhi from Rae Bareli and Kishori Lal Sharma from AmethiCus - The penalty imposed on assessee was set aside by Tribunal against which revenue is in appeal is far below the threshold limit fixed under Notification issued by CBDT, thus on the ground of monetary policy, revenue cannot proceed with this appeal: HCGST -Since both the SCNs and orders pertain to same tax period raising identical demand by two different officers of same jurisdiction, proceedings on SCNs are clubbed and shall be re-adjudicated by one proper officer: HCFormer Jharkhand HC Chief Justice, Justice Sanjaya Kumar Mishra appointed as President of GST TribunalSale of building constructed on leasehold land - GST implicationI-T - If assessee is not charging VAT paid on purchase of goods & services to its P&L account i.e., not claiming it as expenditure, there is no requirement to treat refund of such VAT as income: ITATBengal Governor restricts entry of State FM and local police into Raj BhawanI-T - Interest received u/s 28 of Land Acquisition Act 1894 awarded by Court is capital receipt being integral part of enhanced compensation and is exempt u/s 10(37): ITATCops flatten camps of protesting students at Columbia UnivI-T - No additions are permitted on account of bogus purchases, if evidence submitted on purchase going into export and further details provided of sellers remaining uncontroverted: ITATTurkey stops all trades with Israel over GazaI-T- Provisions of Section 56(2)(vii)(a) cannot be invoked, where a necessary condition of the money received without consideration by assessee, has not been fulfilled: ITATGirl students advised by Pak college to keep away from political eventsI-T- As per settled position in law, cooperative housing society can claim deduction u/s 80P, if interest is earned on deposit of own funds in nationalised banks: ITATApple reports lower revenue despite good start of the yearI-T- Since difference in valuation is minor, considering specific exclusion provision benefit is granted to assessee : ITATHome-grown tech of thermal camera transferred to IndustryI-T - Presumption u/s 292C would apply only to person proceeded u/s 153A and not for assessee u/s 153C: ITATECI asks parties to cease registering voters for beneficiary-oriented schemes under guise of surveys
Untitled Document
TOP NEWS

Taxindiaonline.com
Home-grown tech of thermal camera transferred to Industry
May 03, 2024
ECI asks parties to cease registering voters for beneficiary-oriented schemes under guise of surveys
May 03, 2024
ICG rescues fisherman with head injury onboard IFB St. Francis off the Gujarat coast
May 03, 2024
Elected Women of PRIs to Participate in CPD57 in New York
May 02, 2024
India, New Zealand to have deeper collaboration in Pharma, Agriculture and Food Processing
May 02, 2024
Defence Secretary & Secretary General of MoD, Indonesia to co-chair 7th Joint Committee meeting
May 02, 2024
Above 7000 Yoga enthusiasts practised Common Yoga Protocol in Surat
May 02, 2024
India to host prestigious 46th Antarctic Treaty Consultative Meeting
May 02, 2024
Adani Port & SEZ secures AAA Rating
May 02, 2024
Nominations for Padma Awards 2025 begins
May 02, 2024
Missile-Assisted Release of Torpedo system successfully flight-tested by DRDO
May 02, 2024
GST - April month collections go past Rs 2 lakh crore threshold - peak to Rs 2.1 lakh crore
May 01, 2024
Air quality in Delhi improved in April month
May 01, 2024
TRAI extends date for public inputs on auction of spectrum
May 01, 2024
Indian Army hosts lecture on 'Vision 2100'
May 01, 2024

TIOL Tube Latest

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.