News Update

India calls for restoration of Appellate Body at ongoing WTO meetCus - Revenue cannot be permitted to enrich itself at the cost of the petitioner - It is under obligation to grant interest on whole amount and not just on pre-deposit amount: HCDelays in flight arrivals decline at Mumbai AirportSouth Korea hopes to seal revised FTA with India this yearCX - Matter remanded by Tribunal to adjudicating authority to consider Board Circular 97/2007-ST - Appellant does not press the appeal, hence same is disposed of without entering into the merits: HCSunil Mittal conferred honorary Knighthood by King CharlesGST - Input Tax credit allegedly wrongly availed/utilized is totalling Rs.20 lakhs - Superintendent, CGST adjudicating this case is without jurisdiction in terms of Circular 31/2018- GST: HCNCB & Indian Navy seize 3300 kg drugs from down near Gujarat coastGST - Since petitioner has filed reply to SCN, he is relegated to approach respondent authority for redressal of grievance: HCJapan population shrank in 2023; Births at record lowGST - Production of invoice & E-way bill after interception cannot absolve petitioner from liability of penalty - Very purpose of imposition of penalty is to act as deterrent: HCCached Cash and GSTI-T - If motive of assessee was to acquire land to earn profit through activity of development of land through his own partnership firm as builder, he is not eligible for exemption u/s 54F on LTCG: ITATFormer CBDT Chairman Sushil Chandra appointed as Member of LokpalI-T- Deduction in respect of delayed deposit of amount collected towards employees' contribution to PF cannot be claimed evenwhen deposited within due date of filing of return: ITATAuto component industry to target USD 100 bn exports by 2030: GoyalPM to launch of first hydrogen fuel vessel developed indigenously at Cochin ShipyardI-T- In absence of contrary proved by Revenue and following decision of coordinate benches, on identical circumstances, addition made u/s 68 is rightly deleted: ITATComputer & memory sticks containing security plan for Paris Olympic stolen from trainGoyal launches Bharat Startup Ecosystem Registry and website and logo of Startup MahakumbhPFRDA notifies amendments to Retirement Adviser regulationsI-T- Application for registration need reconsideration as its rejection was against Circular no. 6 of 2023 issued by CBDT: ITAT
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I-T - Repercussion of reopening u/s 148 after Amendment w.e.f April 1, 2021
By Ajay Kumar Srivastava
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By Abhijit Saha
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By P Sridharan
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