News Update

First Vande Bharat train with sleeper facility to be operational by year-end: MinisterUnion Cabinet approves Unified Pension Scheme; full pension after 25 yrs of serviceHM sets 2026 as deadline to erase Maoism from IndiaIndia successfully launches re-usable hybrid rocket named Rhumi-1I-T - Apex Court stays Karnataka High Court's order to quash criminal prosecution on anvil of failure to pass muster of Art 20 of Constitution: SCNRI fired at before family at Amritsar outskirtsI-T- Purported sale of property - AO assumed such transaction occurred based on paper trail; yet no evidence shows that assessee received any consideration - capital gains not leviable herein: ITATIndia's Space Economy to be worth USD 4.4 billion in next decade: MoSI-T- When there is no change in facts with that of earlier AY, lower authorities are not correct making disallowance for present AY and same is liable to be deleted : ITATFM inaugurates GST Bhawan at UdaipurI-T- Additions framed on account of LTCG quashed where they lead to double taxation on the amount in question: ITATRaksha Mantri arrives in Washington on four-day visit to USST - As per agreement between appellant and foreign buyer, appellant has to do erection and commissioning of machines sold at buyer's premises, denial of credit is not justified: CESTATDARPG inks MoU with Malaysia in field of Public Administration and Governance ReformsCX - 'Surgical glove inner wrap' is correctly classifiable under CH 4823 and not under CH 4817: CESTATCBIC amends drawback notification and imposes definitive anti-dumping duty on CPVCAir Force aircraft to bring back bodies of 24 Indians killed in Nepal bus accidentPeru’s gold exports to India peaks to new highNorth Korea continues to irritate South Korea by triggering a storm of trash balloonsDreaded prisoners rebel in high-security jail in Russia; 8 killed including four jail staffersKennedy Jr exits Presidential campaign; endorses TrumpMass-stabbing in Germany - Several killedPowell says time has come for Fed to lower interest rateGSTN organising Analytics Hackathon to drive innovation in tax complianceUnion Minister launches Guidelines for Seaplane Operations in India

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



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.