News Update

CII projects 7.7% growth in current fiscalDRI nabs two persons with about 6 kg ivoryIBBI Chief calls for preserving reputation of fledgling institutionService Matter - Relief to Ashok Aggarwal - Disciplinary authority cannot approve initiation of enquiry by ignoring statements of witnesses and merely relying on gist of evidence forwarded by CBI: HCCCI invites public comments on merger of Linde & Praxaire-Way Bill for Intra-State movement of goods - State tally goes up to 27PM inaugurates Delhi-Meerut ExpresswayTax benefits to angel investors - CBDT inserts Clause (Viib) in Sec 56India generates 940 tonnes of plastic waste every day: Dr Harsh VardhanAnti-dumping duty imposed on ‘Saturated Fatty Alcohols' imported from Indonesia, Malaysia and ThailandGovt stipulates 8.5% interest rate on PFRule 11UA - Word 'or an accountant' omitted + Clause (viib) of Section 56(2) not to apply to consideration received by a Company for issue of shares that exceeds face value of such shares if received from an investorI-T - Taxable event arises as soon as interest income on bank deposits accrues & becomes due; Deferred receipts on instruction of depositor will not make it hypothetical income: HCFM is out of ICU; recovering fast after kidney transplantAnti-dumping duty on on'Ammonium Nitrate' - Notification 44/2017-Cus(ADD) amended to substitute name of exporter at sr. no.1 as 'Euro Chem Trading GMBH Through Rawfert Offshore Sal, Lebanon'Finance Commission team to visit Kerala on coming MondayWTO Chief calls for reducing trade tensionsNIC cloud-based data centre to go live in OrissaCBIC clarifies on application of IGST on goods supplied while deposited in Customs bonded warehousePublic comments sought on Draft NDCP till June 1, 2018PM lays foundation stone for Patratu Super Power ProjectI-T - It is not open for AO to make additions while framing assessment u/s 143(3) merely on basis of seized documents beyond period of limitation u/s 153A: ITATIndia to rope in international labs for food testingISC Panel finalises recommendations of Punchhi CommissionCBIC introduces monetary limits of Rs.2.50 lakhs for filing Revenue appeals before Commissioner(A); applicable to CX & ST legacy cases and those currently pending.Govt sanctions out of turn coal to PSUs; Private plants find themselves at receiving endACC appoints JS, TRU, Alok Shukla as Minister (Customs) in PMI to WTO at GenevaACC grants one more year extension to CBDT Chairman Sushil ChandraThere is no provision in the CGSTAct which allows exemption on an Input Service if the Output service provided by taxable service is exempt: AARServices provided to M/s Karnataka Power Transmission Corporation Ltd. – since it is company registered under the Companies Act, 1956, and not a State Government authority, benefit of concessional rate @12% not available: AARServices provided of diagnosis, pre and post counseling therapy qualify to be health care services and attract Nil rate of Tax: AARTransaction of transfer of one of the units of the applicant as a going concern amounts to supply of service – Nil rate under 12/2017-CT(R): AAR
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PRIVACY POLICY

TIOL group of websites respect the privacy of their audience and considers it as one of the prime concerns of its organisation. TIOL and its group websites do not collect personal information of anyone who visits the website(s) unless the user consents to provide his/her information.

TIOL website(s) only collect the requisite personally identifiable information that helps it serve its subscribers in offering customized services. Personally identifiable information includes, but is not limited to, first and last name, physical address, e-mail address, phone number, birth date, and any other information that itself identifies or when tied to the above information, may identify an user as a specific individual.

TIOL website(s) do not collect personally identifiable information about its user except when the user specifically and knowingly provides it. TIOL website(s) use personally identifiable information to operate the sites and services and to inform the user of new features and services. The collected and stored information of the users are never meant to be sold to any third-party entiry or intended to be used by TIOL website(s) for any other purpose than as specifically mentioned in this paragraph.

TIOL website(s) handles the user data securely, including transmitting them using modern cryptography (e.g. over HTTPS).

Information automatically collected/stored

The kind of information that is gathered automatically include browser type of the user (e.g. Firefox, Safari, Internet Explorer, etc), the Operating System type (e.g. Microsoft Windows, Mac OS, etc.) and the domain name of the Internet Service Provider (e.g. Airtel, Vodafone, VSNL, MTNL, etc.), the date and time of visit and the pages visited.

Collection of information by third-party websites

TIOL website(s) may contain links to other websites whose privacy policies may be different to TIOL's. Visitors should consult the other sites' privacy notices as TIOL website(s) has no control over information that is submitted to, or collected by, these third parties.

TIOL website(s) use third party like Google and other companies of repute to serve advertisements. While serving advertisements, the third-party advertiser may place or recognise a unique "cookie" on the user's browser and may use information (not including name, address, e-mail address) about the users' visits to this and other websites in order to provide advertisements about goods and services of interest to the user.

Other websites links on TIOL website(s)

TIOL website(s) also has links to other website(s). The privacy policies of such website(s) is not under TIOL's control. Once a user leaves TIOL website(s), use of any information provided by a user is governed by the privacy policy of the websites being visited. It is advisable to read their privacy policies for further information.