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New Income tax Code to be developed internally by CBDT, says Revenue SecretaryKejriwal to remain in judicial custody till Aug 8CCI approves combination involving Amazon Asia-Pacific, Frontizo, Appario, Haverl and CRPLUS economy grows by 2.8% in Q227 companies have cumulatively invested Rs 465 crore under PLI Scheme for IT HardwareCus - Adjudication proceedings initiated on the ground of 'illegal export' whereas seizure was on the belief that there is 'illegal import' - Clear lack of jurisdiction: HCIndonesia introduces golden visa programme to attract investmentCus - An assessee cannot be deprived of its justifiable money - Refund to be granted along with interest @8%, although Act provides interest @6% - Difference of 2% to be recovered from officers responsible and mention be made in their service records - Cost of Rs.1 lakh also payable: HCRailways deploys Kavach on 1465 Route km and 144 locomotives on South Central RailwayCus - It is settled law that Tribunal cannot travel beyond the scope of relief and the case made out in the show cause notice: HCHeavy rains batter Pune; 6 dead; Snafu at Mumbai AirportCus - RoSCTL Scheme - Right accrued pursuant to any law and/or Scheme in favour of the person cannot be denied merely due to any technical error and/or glitch: HC18.6 lakh candidates signed-up on 'FutureSkills PRIME' for Re-skilling of IT ManpowerST - Not only is the assessee a PSU but also if the tax had been paid on reverse charge basis, they would have been entitled to take credit - Net effect is the exercise is revenue neutral - Tribunal rightly set aside the penalty: HCSC Constitution Bench upholds rights of States to levy royalty on mineral taxGST - DRC-01 was not accompanied by SCN - Order passed - Violation of principles of natural justice - Orders set aside and matter remanded: HCAustralia notifies sanctions against Israel for West Bank violenceBudget 2024 plays unfair with property owners; redefines HNIs!Delhi HC imposes Rs 1 lakh fine for defaming judges on social mediaBudget 2024: A Comprehensive Perspective on GSTUS cautions tech start-ups on security threats from overseas investorsTaxonomy is not about taxesBudget for Vikasit BharatWill the Old Tax Regime be Consigned to A Margadarshak Role?

MESSAGE BOARD

   

Letter to the Prime Minister


Demonetization

The problem is most of the younger generations today, have not seen and interacted with a tall political leader, with blemish less image. Media has not only brought of news with pace, but coloured many news to such an extent that facts seem to be distorted.

In my opinion, once demonetization of the two high valued notes is accepted as a step in right direction, the support for it should be unconditional. This step hails the honest and nails the rotten. The people should sacrifice for the larger interest of the nation, whatever be the inconvenience, for it is not as much a pain as our fore-fathers have gone through for getting freedom. The trend set is catching up. The spontaneous support, the enthusiasm with which small traders, auto-wallas wanting to become tech-savy to march towards cash-less society, would make big brothers to change for good and start recording all the transactions, which automatically ensure many things such as more revenue, friendly tax laws, easy of doing business and ultimately freedom from corrupt practices. So, it is time for sacrifice, support and "blind" following of tall leader. Jai Hind.

V Ravindran 05/12/2016

 

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