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News Update

Cabinet greenlights extending PMGKAY by 5 years; to cost Rs 11.80 Lakh Crores Cabinet approves drone use by women-run SHGs; subsidy included too Cabinet approves Terms of Reference for 16th Fin Com Cabinet okays 3-year Central funding extension for fast-track special courts Cabinet ratifies scheme for revamping basic facilities delivery to Particularly Vulnerable Tribal Groups Costly Commissioners I-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: HC Unraveling Complexity: MFN Clause and Its Tax Treaty Ramifications I-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: HC Commission for Air Quality Management in NCR revokes Stage-III of GRAP with immediate effect I-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: HC NASA chief calls on MoS, discusses launching joint Satellite with ISRO I-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 : HC Ministry of Defence inks contract with BHEL for Super Rapid Gun Mount & accessories for Indian Navy COP28 Panel’s sage advice: ‘Tax the bad’ for climate finance I-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 : ITAT US Embassy issues over 1.4 lakh visas to Indian students in last one year Rozgar Mela: PM to distribute 51,000 appointment letters tomorrow Vietnam Parliament approves Global Minimum Tax for corporate I-T- If assessee is corporate entity then ad hoc disallowance of expenditure without pointing out any specific defect is not permissible : ITAT Turkey asks UN to prosecute Israel for Gaza crimes ST - 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: HC Ukraine’s military intelligence head’s wife poisoned GST - 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: HC Uttarakhand tunnel case - All 41 workers are out; rushed to hospital for routine check-up Cus - 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: Tribunal Govt has received chip-making proposal worth USD 12 billion, says Vaishnav ST - 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 : CESTAT Anak Krakatau volcano in Indonesia spews 1 km high column of smokes and ash Cus - 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

OUCOME BUDGET

Outlays and Outcomes - Towards achieving better results

Sl. No.	Ministry / Department
	Foreword for outcome budget
	Contents
	Ministry of Agriculture
1	Department of Agriculture and Cooperation
2	Department of Agricultural Research and Education
3	Department of Animal Husbandry and Dairying
4	Ministry of Agro and Rural Industries
	Ministry of Chemicals and Fertilizers
5	Department of Chemicals and Petrochemicals
6	Department of Fertilizers
7	Ministry of Civil Aviation
8	Ministry of Coal
9	Ministry of Mines
	Ministry of Commerce and Industry
10	Department of Commerce
11	Department of Industrial Policy and Promotion
	Ministry of Communications and Information Technology
12	Department of Posts
13	Department of Telecommunications
14	Department of Information Technology
	Ministry of Consumer Affairs, Food and Public Distribution
15	Department of Consumer Affairs
16	Department of Food and Public Distribution
17	Ministry of Culture
18	Ministry of Development of North Eastern Region
19	Ministry of Environment and Forests
	Ministry of Finance
20	Department of Economic Affairs
21	Department of Expenditure
22	Ministry of Food Processing Industries
	Ministry of Health and Family Welfare
23	Department of Health and Family Welfare
24	Department of AYUSH
	Ministry of Heavy Industries and Public Enterprises
25	Department of Heavy Industry
26	Department of Public Enterprises
27	Ministry of Home Affairs
	Ministry of Human Resource Development
28	Department of Elementary Education and Literacy
29	Department of Secondary and Higher Education
30	Department of Women and Child Development
31	Ministry of Information and Broadcasting
32	Ministry of Labour and Employment
	Ministry of Law and Justice
33	Department of Justice
34	Ministry of Non-Conventional Energy Sources
35	Ministry of Panchayati Raj
36	Department of Ocean Development
37	Ministry of Personnel, Public Grievances and Pensions
38	Ministry of Petroleum and Natural Gas
39	Ministry of Planning
40	Ministry of Power
	Ministry of Rural Development
41	Department of Rural Development
42	Department of Land Resources
43	Department of Drinking Water Supply
	Ministry of Science and Technology
44	Department of Science and Technology
45	Department of Scientific and Industrial Research
46	Department of Biotechnology
	Ministry of Shipping, Road Transport and Highways
47	Department of Shipping
48	Department of Road Transport and Highways
49	Ministry of Small Scale Industries
50	Ministry of Social Justice and Empowerment
51	Department of Space
52	Ministry of Statistics and Programme Implementation
53	Ministry of Steel
54	Ministry of Textiles
55	Ministry of Tourism
56	Ministry of Tribal Affairs
57	Ministry of Urban Development
58	Ministry of Urban Employment and Poverty Alleviation
59	Ministry of Water Resources
60	Ministry of Youth Affairs & Sports
61	Railways

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October 2023 Edition

November 29, 2023 | New Delhi

Cabinet greenlights extending PMGKAY by 5 years; to cost Rs 11.80 Lakh Crores

November 29, 2023 | New Delhi

Cabinet approves drone use by women-run SHGs; subsidy included too

November 29, 2023 | New Delhi

Cabinet approves Terms of Reference for 16th Fin Com

November 29, 2023 | New Delhi

Cabinet okays 3-year Central funding extension for fast-track special courts

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Technical Session 5 of TIOL Tax Congress 2023: GST – Second-Generation Reforms, including Technology.

November 29, 2023

TP - If AO passes assessment order without receiving directions of DRP and merely relying on TPO's order giving effect to directions of DRP is bad in law: ITAT

November 29, 2023

I-T - DRP directions issued without a Document Identification Number is invalid and deemed to have never been issued as per CBDT Circular No. 19 of 2019: ITAT

November 29, 2023

IBC - NCLT can refuse to approve Resolution Plan only when it does not meet requirement laid down u/s 31(1) of IBC: SC

November 29, 2023

IBC - delay in conducting Insolvency Resolution process merits being condoned where the same is attributed to serious health complications sufferred by the Insolvency Resolution Professional (IRP): IBBI

TIOL Tube brings you an interview with former US Secretary of Treasury, Mr. Larry Summers who was recently in Delhi.

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	Customs Rules N T/CAA/DRI Valid Tariff Notfn Tariff Notfn CVD Non Tariff Notfn Circulars Anti-dumping Notfn Safeguard Duty Notfn SC Cases HC Cases Cestat Cases Advance Ruling Settlement Drawback Cases MISC Circulars	Sabka Vishwas Scheme 2019 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	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

News Update

Ministry / Department

Ministry of Agriculture

Ministry of Agro and Rural Industries

Ministry of Civil Aviation

Ministry of Culture

Ministry of Food Processing Industries

Ministry of Home Affairs

Ministry of Information and Broadcasting

Ministry of Science and Technology

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