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CBIC revises tariff value of edible oils, gold and silverGST - SC tells UoI - Not necessary to make arrest in every caseAssassination attempt at Slovakia PM Fico; Serious injuries reportedFM says PM’s active monitoring behind infra sector turnaround6 burnt to death as bus catches fire after ramming into lorry in APIndian exports in April month registers 6.9% growthUnion Minister Jyotiraditya Scindia’ mother passes away after month-long treatment at AIIMSGovt consults stakeholders on protection of consumers from online fake reviewsTo promote cruise-ship tourism China allows visa-free entry of foreign touristsErroneous RefundModern Money Maze: Life Insurance or Annuity for Tax Advantage?I-T- Assessment order quashed where passed without considering assessee's request for adjourment seeking additional time to file reply to Show Cause Notice: HCGovt issues alert against incidents of 'Blackmail' by Cyber Criminals impersonating agenciesI-T- Re-assessment invalidated where assessee makes full & true disclosure of material facts necessary for assessment & where AO has no new tangible evidence: HCECI's second suo motu report on two month's enforcement of MCCIndia walls off 1000 Skype IDs used by cyber criminalsI-T - There cannot be any justification for allowing a deduction u/s 37(1) or u/s 28, of write-off of amount paid on encashment of this corporate guarantee: ITATGoogle to provide AI-powered answers in search: PichaiDefence Secy inaugurates midget submarine prototype & solar electric hybrid boat8 farmworkers die in Florida as bus rams into pickup truckI-T-If an expenditure has no connection with exempt income, then such expenditure cannot be disallowed u/s 14A: ITATTesla to lay off 600 more employeesUntimely demise of Sushil Modi; TIOL Knowledge Foundation loses a passionate patronPro-Palestine protesters wind up encampment at Harvard Univ

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Can Modinomics Work Wonders Without Financial Emergency


Clueless government

This government is clueless about economy and fiscal measures required for re-railing of the economy. Financial emergency is an untested tool. None knows its intended and unintended effects. But, as the proverb goes "Fools rush in where angels fear to tread".

As regards the IRS brats who dared advise the government to raise taxes at a time like this, and bring back all the repealed archais laws, it is clear that the training given to the probationers in the training academy is not keeping pace with changing times. These IRS brats have learnt ropes and tricks from the seniors and tried to foist it on the government at a most inopportune moment. They deserve what they got. No promotions to the 50 for next fifteen years!

Gururaj B N 20/05/2020

 

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Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.

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

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