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Cabinet greenlights extending PMGKAY by 5 years; to cost Rs 11.80 Lakh CroresCabinet approves drone use by women-run SHGs; subsidy included tooCabinet approves Terms of Reference for 16th Fin Com13 killed in bus-train collision in TanzaniaCabinet okays 3-year Central funding extension for fast-track special courtsCabinet ratifies scheme for revamping basic facilities delivery to Particularly Vulnerable Tribal GroupsCostly CommissionersI-T - Purpose of Section 40(a)(ia) is to disincentivize non-deduction of tax at source by disallowing, as deduction, amount paid to resident/payee: HCUnraveling Complexity: MFN Clause and Its Tax Treaty RamificationsI-T - If AO did not have tangible material on record that could have persuaded him to form belief that income otherwise chargeable to tax, had escaped assessment, notice u/s 148 deserves to be quashed: HCCommission for Air Quality Management in NCR revokes Stage-III of GRAP with immediate effectI-T - Time spent by applicant while pursuing review proceedings deserves to be excluded even under principles analogous to Sec 14 of Limitation Act, if he acted in good faith: HCNASA chief calls on MoS, discusses launching joint Satellite with ISROI-T - Since ROI was filed though after search and seized cash was offered by assessee under then prevailing regime, it is to be treated as the advance tax and thus there is no default in payment of advance tax : HCMinistry of Defence inks contract with BHEL for Super Rapid Gun Mount & accessories for Indian NavyCOP28 Panel’s sage advice: ‘Tax the bad’ for climate financeI-T- Since loan received from M/s Godavari is routed through regular banking channel and reflected duly in annual accounts not require addition u/s 68 of Act : ITATUS Embassy issues over 1.4 lakh visas to Indian students in last one yearRozgar Mela: PM to distribute 51,000 appointment letters tomorrowVietnam Parliament approves Global Minimum Tax for corporateI-T- If assessee is corporate entity then ad hoc disallowance of expenditure without pointing out any specific defect is not permissible : ITATTurkey asks UN to prosecute Israel for Gaza crimesST - SVLDRS, 2019 - Only minor variation in the amount proposed in SCN and amount declared in form SVLDRS-1 - Petitioner entitled for relief under the scheme: HCUkraine’s military intelligence head’s wife poisonedGST - SCN is dated 4 th March; reply is to be filed within 30 days but petitioner asked to appear for hearing on 17 th March - Real intention of Department is not to provide fair opportunity to defend their case, but, only to put the petitioner in peril: HCUttarakhand tunnel case - All 41 workers are out; rushed to hospital for routine check-upCus - Since manufacturing activity undertaken and payment of CE was acknowledged and not disputed, same cannot be questioned by Customs department without any clinching evidence that such machine in question was imported into India as such or in un-assembled condition for it to be held liable to ADD: TribunalGovt has received chip-making proposal worth USD 12 billion, says VaishnavST - Activities of screening cargo through x-ray machines and build-up of cargo for loading onboard aircrafts, fall under Cargo Handling Service as well as under Airport Service - However, as per Section 65A of Finance Act 1994, since Section 65(23) occurs before Section 65(105)(zzm) of the Act, both services will be classifiable under Cargo Handling Service : CESTATAnak Krakatau volcano in Indonesia spews 1 km high column of smokes and ashCus - Discrepancies between goods imported and their quantity declaring in packaging list - Appellant, a Customs Broker, permitted freight forwarder to upload packaging list on e-Sanchit portal using Appellant's credentials - this is act of negligence, cannot be punished with forfeiture of brokers' license: CESTAT
Untitled Document

Sl. No

YEAR

DATE

FINANCE MINISTER

1

1947 - 48

26.11.1947

RK SHANMUGAM SHETTY

2 

1948 - 49

28.02.1948

RK SHANMUGAM SHETTY

3

1949 - 50

28.02.1949

JOHN MATHAI

4

1950 - 51

28.02.1950

JOHN MATHAI

5

1951 - 52

28.02.1951

CD DESHMUKH

6

1952 - 53

28.02.1952

CD DESHMUKH

7

1952 - 53

23.05.1952

CD DESHMUKH

8 

1953 - 54

27.02.1953

CD DESHMUKH

9

1954 - 55

27.02.1954

CD DESHMUKH

10

1955 - 56

28.02.1955

CD DESHMUKH

11

1956 - 57

29.02.1956

CD DESHMUKH

12

1957 - 58

28.02.1957

TT KRISNAMACHARI

13 

1957 - 58

15.05.1957

TT KRISNAMACHARI

14

1958 - 59

28.02.1958

JAWAHARLAL NEHRU

15 

1959 - 60

28.02.1959

MORARJI DESAI

16 

1960 - 61

29.02.1960

MORARJI DESAI

17

1961 - 62

28.02.1961

MORARJI DESAI

18

1962 - 63

14.03.1962

MORARJI DESAI

19 

1962 - 63

23.04.1962

MORARJI DESAI

20

1963 - 64

28.02.1963

MORARJI DESAI

21

1964 - 65

29.02.1964

TT KRISNAMACHARI

22

1965 - 66

28.02.1965

TT KRISNAMACHARI

23

1966 - 67

28.02.1966

SACHIDANANDA CHOUDHARY

24 

1967 - 68

20.03.1967

MORARJI DESAI

25

1967 - 68

25.05.1967

MORARJI DESAI

26

1968 - 69

29.02.1968

MORARJI DESAI

27

1969 - 70

28.02.1969

MORARJI DESAI

28

1970 - 71

28.02.1970

INDIRA GANDHI

29

1971 - 72

24.03.1971

YB CHAVAN

30

1971 - 72

28.05.1971

YB CHAVAN

31

1972 - 73

16.03.1972

YB CHAVAN

32

1973 - 74

28.02.1973

YB CHAVAN

33

1974 - 75

28.02.1974

YB CHAVAN

34

1975 - 76

28.02.1975

C. SUBRAMANYAM

35

1976 - 77

15.03.1976

C. SUBRAMANYAM

36

1977 - 78

28.03.1977

H.M. PATEL

37

1978 - 79

28.02.1978

H.M. PATEL

38

1979 - 80

28.02.1979

CHARAN SINGH

39

1980 - 81

11.03.1980

R. VENKATARAMAN

40

1981 - 82

28.02.1981

R. VENKATARAMAN

41

1982 - 83

27.02.1982

PRANAB MUKHERJEE

42

1983 - 84

28.02.1983

PRANAB MUKHERJEE

43

1984 - 85

29.02.1984

PRANAB MUKHERJEE

44

1985 - 86

16.03.1985

V.P. SINGH

45

1986 - 87

28.02.1986

V.P. SINGH

46

1987 - 88

28.02.1987

RAJIV GANDHI

47

1988 - 89

29.02.1988

N.D. TIWARI

48

1989 -90

28.02.1989

S.B.CHAVAN

49

1990 - 91

19.03.1990

MADHU DANDAVATHE

50

1991 - 92

14.03.1991

YASHWANT SINHA

51

1991 - 92

24.07.1991

MANMOHAN SINGH

52

1992 - 93

29.02.1992

MANMOHAN SINGH

53

1993 - 94

27.02.1993

MANMOHAN SINGH

54

1994 - 95

28.02.1994

MANMOHAN SINGH

55

1995 - 96

15.03.1995

MANMOHAN SINGH

56

1996 - 97

28.02.1996

MANMOHAN SINGH

57

1996 - 97

22.07.1996

P. CHIDAMBARAM

58

1997 - 98

28.02.1997

P. CHIDAMBARAM

59

1998 - 99

01.06.1998

YASHWANT SINHA

60

1999 - 00

27.02.1999

YASHWANT SINHA

61

2000 - 01

29.02.2000

YASHWANT SINHA

62

2001 - 02

28.02.2001

YASHWANT SINHA

63

2002 - 03

28.02.2002

YASHWANT SINHA

64

2003 - 04

28.02.2003

JASWANT SINGH

65

2004 - 05 interim

03.02.2004

JASWANT SINGH

66

2004 - 05

08.07.2004

P. CHIDAMBARAM

67

2005 - 06

28.02.2005

P. CHIDAMBARAM

68

2006 - 07

28.02.2006

P. CHIDAMBARAM

69

2007 - 08

28.02.2007

P. CHIDAMBARAM

70

2008 - 09

29.02.2008

P. CHIDAMBARAM

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