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Art of digging wealth out of chaos! Dubai eyeing El Dorado status?Seizure of 'Cash' and 'other Valuable Assets'I-T - ITO shall provide provide CPCITR link to assessee to raise his/her grievances: HCGovt issues advisory against purchase of acid on e-commerce platformsI-T - Since CBDT is not empowered to fix time limit for filing application for compounding of offences, time of 12 months fixed by it is contrary to the provisions of Section 279(2): HC400 delegates from 35 countries likely for International Cotton Advisory Committee meetingI-T - Since communication of notice is complete when it is received by person to whom it is addressed to, merely posting of date of hearing of Miscellaneous Petition in Cause List is not sufficient: HCIndia's Bioeconomy recorded 12 times increase in last 10 years: MoSGovt prepares 18 bills for Winter SessionI-T - If after issuing notice u/s 148, AO accept contention of assessee that income which initially formed reason to believe of escaped assessment, did not actually escaped, it is not open to him independently assess other income: HCGovt tells SC - States extended tenure of Chief Secretaries 57 times in last 10 yrsLabour Force Participation Rate rises to 49.3%: SurveySeasoned diplomat Henry Kissinger passes away at 100I-T - Since absence of notice u/s 143(2) impregnates proceedings with jurisdictional defect, hence it renders notice by Revenue Dept. at assessee's wrong address as improperly served, invalid: HCUS economy rises by 5.2% in Q3I-T - Income computed in accordance with notified accounting standards should not be rejected: HCUS military aircraft dives into sea off Japan; one deadCus - Allegations of contravention of Customs Broker Licensing Regulations 2018 - Proceedings against Broker delayed by over 22 Months - Settled precedent mandates adherence to timelimes prescribed in the Regulations - Proceedings against Broker dropped, since not completed within specified timeline: CESTATTrudeau asks India to take Canadian allegations seriouslyST - As per settled precedent, no Service Tax is to be levied on reimbursement of electricity & water charges: CESTAT13 killed in bus-train collision in TanzaniaCX - Cenvat Credit cannot be denied merely on ground that supplier was not required to pay Excise duty: CESTAT

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

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