News Update

Back from foreign travel - Isolation condition easedMega blaze in high-rise building in Mumbai - 7 killed & at least 24 injuredI-T - Faceless assessment order merits being quashed where passed before time specified for passing such order: HCGoyal urges Industry to inculcate greater appetite for risk takingIndia strikes hard on Pakistani Fake News FactoriesCoal Secretary launches Koyla Darpan PortalOSM to develop ecosystem of storage management applications across StatesGST - Provisional attachment levied by the Respondents u/s 83(2) of the Act, 2017 on 11.10.2019 ceased to have effect on expiry of one year: HCProvisions of Assisted Reproductive Technology Regulation Act to swing into force on Jan 25GST - Supply of a package consisting of coaching service as well as goods/printed material/test papers, uniform, bags and other goods to students when supplied for a single price constitutes a mixed supply; taxable @18%: AARDoP&T grants pay revision benefits to IPS officers of Rajasthan cadreCus - If goods are not classifiable under chapter heading proposed by revenue thereafter even the goods classified under chapter heading claimed by assessee is correct or not, case of department will fail: CESTATCOVID-19: India reports 3.36 lakh cases with 490 deaths on FridayI-T- Revenue's appeal can be dismissed based on findings of Coordinate Benches where, filings and acceptance of MBDL's petition before Settlement Commission and addition has been deleted : ITATPoll time in Punjab partly resembles ‘War Time’ - Grenade Launcher, detonators & explosives seizedI-T - Delay caused in registration of sale deed due to sheer number of sellers, is insufficient grounds to classify proceeds from sale as LTCG: ITATWorld’s first ship cargo of hydrogen tanker sails from Australia to JapanI-T- There can't be disallowance of expenses u/s 14A in excess of exempt income : ITATDouble-whammy for Supertech Ltd - SC directs to refund deposit with interest to home-buyers against to be demolished 40-storey towersOmicron globally crests to 36.3 lakh cases with over 9000 deaths on Friday - 2800 deaths in US; 290 in UK; 235 in France; 375 in Italy & 175 in GermanyUS shows no zest on proposal to make WHO more independentVAT - Exemption if erroneously granted can be revoked where assessee fails on conditions linked to exemption: SCIce creams screaming from roof tops!
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