News Update

New Capital gains regime: CBDT issues FAQsMisc - Royalty not a tax; royalty is contractual consideration paid by mining lessee to lessor for enjoyment of mineral rights & liability to pay royalty arises out of contractual conditions of mining lease: SC CBDGFT simplifies EPCG Scheme procedures to enhance Ease of Doing BusinessKargil Victory Day: PM warns Pak against practising terrorismMisc - Payments made to Government cannot be deemed to be a tax merely because statute provides for their recovery as arrears: SC CBPM GatiShakti Group evaluates five key infrastructure projectsMisc - Since power to tax mineral rights is provided for in Entry 50 of List II, Parliament cannot use its residuary powers in this subject matter: SC CBLadakh's Budget has increased from Rs 1100 Cr to Rs 6000 Cr in last 5 yrsChina pumps in subsidies worth USD 41 bn into car sectorCus - Owner of goods has a liability to pay customs duty even after confiscated goods are redeemed on payment of fine - Interest follows: SCIndian Coast Guard rescues 14 Indian crew from stranded vessel near AlibaugObama endorses Kamala Harris for PresidentI-T- Demand notice issued mechanically merits being quashed, where passed in ignorance of assessment order giving clean chit to assessee: HCIndia discovers Lithium Resources in Mandya and Yadgiri districts of KarnatakaIndia's installed Nuclear Power Capacity to triple by 2031-32: MoSI-T- Penalty rightly quashed where assessment order proposing penalty is itself quashed: ITATGoyal sets USD 50 bn target for footwear industry to achieve by 2030Indian-origin German citizen nabbed with 6 kg of cocaine at IGI AirportIndia to remain steadfast in commitment to nurturing adolescents' talents: Health SecyAI-based SearchGPT to compete with Google: OpenAIDelhi liquor scam: United Spirits CEO summonedVAT - burden of proof lies with Department to verify & approve refunds to ultimate taxpayers: HCBiden to attend QUAD meeting to be held in New Delhi this year

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CBEC- committees and TARC report solomon cr
CBEC getting marginalised Viswanathan Sivaraman
Late Shri Gautam Sir, AVINASH SAGDEO
willful defaulters of loan repayments suresh hanamshet
invoking rule 56 retiring revenue officials suresh hanamshet
MInistry of Finance is a litigant before CESTAT Ravi Raghavan
Pendencies A N
When Saving Kills tax netizen
SCNs issued by DRI rrkothapally rrkothapally
Real Estate Regulation Act suresh hanamshet
non performing assets by banks recovery of loans suresh hanamshet
ST clarificatory Circular 192 falls short of expectations Navin Khandelwal
cargo handling service M A NARAYANA NARAYANA
ACES harinarayanan thekkekalathil
Is Jewellers afraid of law Unnikrishnan P
Dropping of SCN by Supreme Court Mahendra Singh Pawar
Masked medicines Jayaprakash Gopinathan
E-Commerce PricewaterHouse Coopers
services provided by govt and local bodies suresh hanamshet
Government and Local Authority Service - identification govindan_mani govindan_mani
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