News Update

SC grants relief to Chidambaram in ED case till Monday but no succour in CBI caseFATF Asia-Pacific Group puts Pakistan in 'enhanced blacklist'Sabka Vishwas Scheme to end on Dec 31, 2019GST - Petitioner encountered technical glitch in payment of GST for seven months - it would be appropriate to leave it to the technical body concerned to decide whether there was a technical glitch at all: HCVAT - It is one thing to say that Petitioner had violated provisions of Central Excise Act, but another to immediately infer that it also violated provisions of DVAT Act: HCCX - In case of reversal of proportionate credit attributable to exempted goods/services, further demand in terms of Rule 6(3) of CCR, 2004 is unsustainable: CESTATCus - Appellant has not suppressed any fact from Department to the extent that license which was submitted for clearance of imported consignment is issued by DGFT, although the same is claimed to have been obtained fraudulently by seller of licence M/s Nilesh International: CESTATAdditions u/s 14A are sustained where shares are held as stock in trade & such investments do not fall within ambit of Rule 8D(iii): ITATPurchases cannot be treated as genuine where although backed by bills & proof of payment, dealers admit to have provided accommodation entries in statements before sales tax authority: ITATAdditions u/s 68 on account of bogus Short Term Capital Loss are unsustainable where based on statements which are uncorroborated by supporting evidence: ITAT August 23 2019Unexplained expenses cannot be disallowed where PAN & address of recipient parties is submitted to AO, who in turn failed to verify same by issuing notice u/s 133(6): ITATPenalty notice is defective & vitiated proceedings where it does not specify charges based on which penalty is being levied: ITATACC appoints Ajay Kumar Bhalla as New Home SecretaryBenefit u/s 80IA available to start-ups having turnover of above Rs 25 CrContinuing protectionist policies would cause global recession: GoyalGovt relaxes lease rent charges on wind power projectsCBIC also raises monetary limits for indirect tax cases
Untitled Document

THE ICE CUBES

By Naresh Minocha

Taxindiaonline.comt

Hard Facts don't Justify Need for Overseas Sovereign Bonds
August 06, 2019
TIOL-ICE CUBES 311
Make Fiscal Discipline Enforceable & Independently Verifiable
July 18, 2019

TIOL-ICE CUBES 310
Catalyze Growth by Optimizing use of Multilateral Loans
July 04, 2019

TIOL-ICE CUBES 309
Assess State of Cooperative Federalism with an Open Mind
June 17, 2019
TIOL-ICE CUBES 308
'Walk the Talk' should be Agenda for Mr Modi & his Govt
June 01, 2019
TIOL-ICE CUBES 307
Political NYAY aplenty but No NYAY to Legal Justice
May 17, 2019

TIOL-ICE CUBES 306
Gauge twin shocks of demonetization & GST through corporate eye
May 02, 2019
TIOL-ICE CUBES 305
Balance Mr. Modi's Phobia of Coalition Governments with Facts
April 22, 2019
TIOL-ICE CUBES 304
BJP-Cong War on Poverty shows no lessons learnt from 1971 one
April 04, 2019
TIOL-ICE CUBES 303
Scrap MPs & MLAs-led 4th governance tier for Capital Expenditure
March 18, 2019
TIOL-ICE CUBES 302
Reversing Parliament's Soiled Image Must Figure in 2019 Manifestos
February 25, 2019
TIOL-ICE CUBES 301
Interim Budget Speech is Drop in the Ocean of Pre-poll Oratory
February 04, 2019
TIOL-ICE CUBES 300
Govt Should Hit 3 Policy Sixers in Same Way as 10% Quota Bill
January 19, 2019

TIOL-ICE CUBES 300
Make In India Fails to Fuel Manufacturing
January 09, 2019
TIOL-ICE CUBES 299