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CBI registers case against Netherlands-based Ballarpur International Holdings for Rs 151 Cr bank fraud Sinking birth rate - China allows students a week off to ‘fall in love’Strong thunderstorms kill 22 and rip off houses in 8 of Central US States WB Chief worries over rising Chinese loans to Africa Ukraine scoffs at Russia assuming presidency of Security Council US smackdown with crypto industry helping HK welcome them with open arms GST - March collections peak to Rs 1.6 lakh crore India’s defence exports peak close to Rs 16,000 Crore Google upgrading Bard to compete with ChatGPT COVID surges back; 2994 cases reported in 24 hours Even after being fined, Delhi CM again asks for details of PM’s degrees Cus - CESTAT's reasoning and conclusion that LCD panels [used in TV sets; Audio systems in automobiles] are classifiable under CTH 9013.8010 is sound and unexceptionable: SC Govt’s debt grows by 2.6% in Q3 of FY 2022-23 CX - Once the order-in-original sanctioning refund came to be set aside in a proceeding u/s 35E, there is no question of any further notice u/s 11A: SC GST - Amendment to Rule 89(4)(C) of CGST Rules is illegal, arbitrary, unreasonable, irrational, unfair, unjust & ultra vires Section 16 of IGST Act & Section 54 of CGST Act as well as Articles 14 & 19 of Constitution; hence merits being quashed: HC ST - Re-insurance does not cover the risk to the asset; is not excluded from the definition of 'input service': HC CBDT inks 95 Advance Pricing Agreements in FY 2022-23 I-T - Addition made w.r.t. profits from diamond purchases is upheld, where assessee is not shown to have sufficient bank balance to purchase diamonds & is unable to explain how such purchases were made: ITAT Govt culls Rs 17.3 lakh crore tax revenue net to Centre by Feb-end Scindia inaugurates direct flight between Indore and Sharjah Indian exports eyeing USD 2 trillion target by 2030: Goyal Cus - Merely because appellant has been issued a License by Drugs & Cosmetics Act, it cannot be said that Saccharomyces Boulardii are known and understood as medicine, same are to be classified under Chapter 21: CESTAT With Presidential assent, Finance Act 2023 gets enacted w.e.f April 01, 2023 Italy bans AI-driven bot ChatGPT Powerful tornado hits Arkansas; Central US gears up for aggressive weather Kozhikode Airport Customs seizes gold worth Rs 2 Crore Manish Sisodia again denied bail; Nothing wrong in arrest warrant found

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Perception War over GDP Overshadows Need for Growth Strategy
March 09, 2023

Budget prep - Challenges Many & Fiscal Options Few
January 25, 2023

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TIOL Awards 2022 - Gold & Silver

VISION 360 - March 2023

VISION 360 -
'A Treasury of Key Tax &
Regulatory Developments!'

March 2023 Edition

April 01, 2023 | New Delhi

GST - March collections second highest in fiscal - Rs 1.6 lakh crore

April 01, 2023 | New Delhi

CBDT inks 95 Advance Pricing Agreements in FY 2022-23

April 01, 2023| New Delhi

Govt culls Rs 17.3 lakh crore tax revenue net to Centre by Feb-end

April 01, 2023| New Delhi

Scindia inaugurates direct flight between Indore and Sharjah

Mr. Nikhil Gupta, Global Indirect Tax Lead, Wipro Enterprises Pvt Ltd sharing his thoughts at the TIOL Awards 2022 event.

March 31, 2023

TP - Differences in functions performed by assessee, assets owned and risks assumed by assessee, calls for exclusion of such comparable: ITAT

March 31, 2023

I-T - Amount received by Google Ireland from sale of advertisement space through its AdWords program cannot be brought to tax in India as royalty: ITAT

March 31, 2023

PMLA - Petitioner can file application before Adjudicating Authority u/s 8 of PMLA Act to establish that subject property is not involved in money laundering: HC

March 31, 2023

PMLA - Assets acquired prior to enactment of PMLA can never fall under definition of 'proceeds of crime' and are immune from PMLA is erroneous: HC

Mr. Vishweshwar Mudigonda, Partner, Deloitte Touche Tohmatsu India LLP sharing his thoughts at the TIOL Awards 2022 event.

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