TIOL - Tax News, GST, Income Tax, Service Tax, Customs, Central Excise, International Taxation, Fiscal Policy, Monetary Policy, Economy, Revenue, Judicial Decisions, Tax Rulings & Tax Video

News Update

Prince Harry settles defamation suit against Murdoch for ‘handsome’ sum and apology ISRO beams down images of Maha Kumbh ST - s.67 of FA, 1994 does not allow inclusion of reimbursable expenses - Bench wonders why review petitions have been filed and moreover with a delay of 305 days - Petitions dismissed on ground of delay and merits; refrains from imposing costs on Revenue: SC Cus - The phrase MIMO and LTE Products in Notification No. 24/2005-Cus applies exclusively to products that integrate both MIMO technology & LTE standards; where respondent's WAPs used MIMO technology without LTE, they were entitled to exemption: HC GST - levy of interest u/s 50(3) of CGST Act unjustified, when there is no wrongful utilization of ITC before cut-off date: HC GST - Petitioner's registration was cancelled, therefore, they were not obligated to visit the portal - No evidence that offline notice was issued before order was passed - Order set aside: HC GST - Anti-profiteering case against Real Estate company - NAA orders quashed, matter remanded to CCI in keeping with judgment in Reckitt Benckiser India Pvt Ltd case: HC Simply Complicated WTO ties up with WCO to improve cooperation in Customs matters I-T - Banks are entitled to deduction in respect of broken period interest paid by them on securities: HC Delhi polls - Cops seizes Rs 47 lakh cash in Sangam Vihar area CBIC promotes 13 officers as Pr Commissioner in HAG grade Trump hints at 10% tariff on China from 1st Feb; EU also in for tariffs I-T - Object of DTVSV Act or amnesty schemes can't be frustrated by belated expansion of disputes which were never appealed or challenged before appropriate authority: HC Jaishankar confabs with US Secretary of State Marco Rubio & National Security Adviser Mike Walz DIA Scheme to support MSME diamond exporters China develops dual-reactor to convert CO2 into protein for human food I-T - Decision to reopen concluded assessment must be based on cogent material that can lead to conclusion that assessee's income has escaped assessment: HC Trump announces USD 500 bn AI investment by Oracle, OpenAI & SoftBank Goyal holds bilateral talks with Belgian Foreign Trade Minister Democrats’ pushback against Trump’s removal of birthright citizenship I-T - Reopening notice u/s 148A shall be quashed, if allegations made in notice issued u/s 148A(b) is at variance with grounds raised in order passed u/s 148A(d): HC Spain’s Dy PM quits Musk’s X platform JNPA is largest port with 10+ million TEUs capacity: Sonowal 66 charred to death at Turkish ski resort I-T - If no incriminating material is unearthed during search, then AO cannot assess/reassess material in respect of completed assessments/ unabated assessments: HC Gita Gopinath at WEF says 26% of Indian workforce exposed to AI Sukanya Samriddhi Yojana: A decade of transforming lives I-T- Individual assessee not required to maintain books of accounts; cannot be penalised under Section 271AAB, as there was no admission of undisclosed income during search: ITAT EU delegation to visit India to improve trade ties: Ursula Mandaviya urges NSFs to follow Good Governance Guidelines WHO rues withdrawal of US from global health body I-T- Additions cannot be sustained where they do not correspond to reasons recorded for reopening; re-assessment quashed too: ITAT UNESCO, MeitY host stakeholder consultation on AI Readiness I-T - Wife cannot be held liable for penalty u/s 271D based on acts/omissions on behalf of her deceased husband, who was only director in company which has violated provisions of Sec 269SS: ITAT

Untitled Document

EXPERT PANEL REPORTS

MAT Report

Relevant part of MAT - Ind AS Committee Report dated 17th June, 2017 containing recommendations regarding amendment to provisions of section 115JB of Income - tax Act, 1961 in respect of Ind AS Compliant Companies (June 17, 2017)

Computation of Book Profit for MAT (March 18, 2016)

Computation of Book Profit for MAT (July 23, 2016)

Company Law Report

Company Law Report

First Batch of Recommendations

Justice Shah Report

MAT on FIIs/FPIs

Press Release

Office Memo

Bankruptcy Law

T K Viswanathan report Summary Parliamentary Panel Report

Acharya Committee Report

Government constitutes a Committee to examine desirability and feasibility of having a new Financial Year

Review Report

Report on framework for Foreign Currency Borrowing

Finance Commission

Arvind Panagriya appointed as chairperson of 16th Finance Commission

15th FC Report for 2021-26

Volume 1 - Main Report

Volume 2 - Annexes

Volume 3 - The Union

Volume 4 - The States

Explanatory Memorandum for 2021-26

15th FC Report for 2020-21

Explanatory Memorandum FC- 2020-21

15th Finance Commission constituted

Fourteenth Finance Commission

Thirteenth Finance Commission

Twelfth Finance Commission

FRBM Review Committee Report

Volume 1

Volume 2

Volume 3

Volume 4

Revised Notice inviting comments on FRBM committee report

High Level Committee Report

Report Of The High Level Committee on Corporate Social Responsibility 2018

Shome Panel Report

On Tax Administration Reforms

Standing Council Report IFS

Report of the Standing Council on International Competitiveness of the Indian financial sector, Volume 1

Dr. Saumitra Chaudhury report

Auto Fuel Vision 2025

Pulses Report

Incentivising Pulses Production Through Minimum Support Price (MSP) and Related Policies

RBI Report

On Financial Institutions

Bhardwaj Committee on GTA

Report

PPT on GTA

Kelkar Committee

Report on Hydrocarbon Sector FRBM Interim Report

Roadmap for fiscal consolidation

Report on Tax Reform

A P Shah Panel

Report on Privacy

Rangachary Report

Second to Sixth Report on Safe Harbour

Raghuram Committee

Report on Development Index

Rangarajan Committee

Report on Petroleum Products

Dr V Krishnamurthy panel

Report on synergy in Energy

D Swarup Committee Report

Financial Well-Being Report of committee on investor awareness and protection

Standing Committee

59th Report

58th Report

Shome on GAAR

Final Report

IFC Report

Full text of report on ICT

IMF Report

Services sector in India Forex Reserves

Justice Verma Committee Report

Amendments to Criminal Law

Standing Committee

Report on Companies Bill, 2012

Rangarajan Report

Prime Minister's Economic Advisory Committee Report

Rangarajan Panel

Report on Production Sharing Contract Mechanism in Petroleum Industry

Dr Lahiri Committee

Report on tax regime

Panel on Securities Scam

Action Taken Report Securities Act 2006

External Debt Report

MoF report 2005

E-Commerce

Report of the Committee on Taxation of E-Commerce

Enforcement Of Security Bill

The Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Bill, 2016

Mankad Panel

Notification Report

Technology Advisory Group for Unique Projects

Nandan Nilekani Report

PAC

Report on Interest on Refunds

Paper on Tax Accounting Standards

CBDT Report

FSLRC Report

Vol 1

Vol 2

CAG Report 19-20

Union Government Indirect Tax

Union Government Direct Tax

Performance Audit on Search and Seizure Assessments in Income Tax Department

CAG Report

Report 8

Report 9

Report 10

Report 11

Law Commission Report

Report 272

Report 247

Report 248

Report 249

Watal Committee Report

Digital Payments

Building a Resilient Backbone: The Critical Role of Tech-Savvy Finance, Legal, Tax, and M&A Teams in Sustainable Growth

TIOL Tube

Former Prime Minister, Dr Manmohan Singh, delivering his Award Acceptance Speech after receiving TIOL Fiscal Heritage Award 2022 on Nov 8 at Taj Palace, New Delhi

January 22, 2025 | New Delhi

DIA Scheme to support MSME diamond exporters

January 22, 2025 | New Delhi

Goyal holds bilateral talks with Belgian Foreign Trade Minister

January 22, 2025 | New Delhi

JNPA is largest port with 10+ million TEUs capacity: Sonowal

January 22, 2025 | New Delhi

Sukanya Samriddhi Yojana: A decade of transforming lives

December 18, 2024

Multiple Adjournments of Appeals, After Issue of Final Order - Attempt to Restore Them

November 25, 2024

Import of Elisa Test Kits and Reagents with Benefit of Notification

VISION 360 - January 2025

VISION 360 -
'A Treasury of Key Tax &
Regulatory Developments!'

January 2025 Edition

Technical Session I - Ease of Doing Business: GST on Digital Economy

January 22, 2025

TP - There is no bar in selecting a foreign entity as a tested party if the arm's-length price of international transaction by selecting reliable method and reliable comparability analysis can be made: ITAT

January 22, 2025

I-T - If Indian counterpart has not entered into any agreement to provide services related to sales/ marketing of foreign company's products, then concept of Dependent Agency PE does not arise: ITAT

January 22, 2025

SARFAESI Act - While exercising powers under Cr.P.C, Courts can not intervene at stage of investigation/proceedings: HC

January 22, 2025

Trade Marks Act - As respondent abandoned display subject mark, it indicate he is no longer interested in mark: HC

Income Tax	Customs	Excise	Service Tax	FEMA	DGFT	SEZ	Misc	Pitara	Budget
Faceless Scheme Direct Tax Vivad se Vishwas Black Money Basket Benami Act BM Cases e-Assessment Notifications Circulars Instructions SC Cases HC Cases ITAT Cases Advance Ruling Other Cases Directorate of Income Tax (Systems) Citizen's Charter Reports	Tariff Notfn Valid Tariff Notfn Non Tariff Notfn Valid Non-Tariff Notfn Circulars Customs Tariff Act Import Tariff Export Tariff SC Cases HC Cases Cestat Cases Safeguard Duty Notfn Advance Ruling Anti-dumping Notfn Settlement Drawback Cases CVD MISC Circulars N T/CAA/DRI Customs Rules	Sabka Vishwas Scheme 2019 Central Excise Bill 2024 Valid Non Tariff Notfn CCRs - 2017 Central Excise Rules Valid Tariff Notfn Tariff Notfn Non Tariff Notfn Circulars SC Cases HC Cases Cestat Cases Advance Ruling Cesses Notifications Excise Amendment MISC Circulars Settlement Commr.(A) Order Tribunal	Sabka Vishwas Scheme 2019 Accounting Head Notifications Service Tax Rules Circulars SC Cases HC Cases Cestat Cases Advance Ruling FAQ Finance Act, 1994 Commr. (A) Orders Removal of Difficulty VCES Miscellaneous	FEO Act DIPP Notification FDI Approved Exchange Manual Fema Notifications SC Cases HC Cases RBI Notifications RBI Circulars Act Rules Regulations Master Circulars PMLA Notifications Depository Scheme Press Note	Notifications Circulars Public Notices Trade Notice FTDR Amendment 2010 MISC	SEZ - Annexures & Forms Notifications Instructions Act 2005 Rules 2006 DGEP State Acts State Policy MISC	SC Cases HC Cases VAT Cases Miscellaneous	TPRU Service News Promotion Transfer Deputation Posts Cadre Review Transfer Policy Training Circulars Recruitment Rules Pay Commission Service Cases Empanelment MISC	Budget Speeches Union Budgets Economic Surveys TRU - D. O. Letter Finance Acts Finance Bill Budget Circular Finance Commission