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Principles of Interpretation of Taxing Statutes - Part I3 die in TN paint factory blazeCus - Whether product imported is Technical grade urea or of fertilizer grade is a question of fact - Court has no expertise to hold that the Chemical Examiner's report is incorrect - Petition dismissed: HCHeatwaves kill 33 including poll officialsCus - Smuggling of gold in paste form concealed in rectum - Since the Customs department avers that no item, either the passport or mobile was seized, the petition seeking release of the same is infructuous: HCUK dismisses Ambassador to Mexico after he points gun at stafferCus - Exemption scheme is alive - Petitioner is eligible for exemption from cost recovery charge from the date of payment of the pending arrears: HCHamas respond positively to latest truce proposalGST - Merely because firm was registered on the date of transaction, it cannot be said that department is bound to give ITC benefit since it has been revealed upon investigation that the firm was non-existent and it could not have made any actual supplies: HCPhilippines warns China of war if water-blasts of its coast guard vessels continueGST - Discrepancies between the GSTR-1 statement and the GSTR-3B returns - Demand confirmed with interest and penalty - Petitioner directed to submit reply along with documents for reconsideration: HCObama’s mother-in-law, 86, passes awayCentre mops up about Rs 28 lakh crore revenue receipts last fiscalHouthis dare to attack US Naval Carrier in Red SeaST - Assessee cannot be alleged to have suppressed or willfully mis-stated facts with intent to evade payment of tax, when there are divergent views on the same issue between the Departmental authorities: CESTATUkraine Peace Talk in Switzerland: China says NO unless Russia joinsPV Sindhu to be brand ambassador for Tobacco Control in IndiaChina’s manufacturing PMI shrivels in May monthI-T- Cash gifts received from close family members cannot be disallowed where sources of income for giving such gifts, are furnished: ITATCore Sector gathers momentum in April; logs 6.2% growthNIMHANS bags WHO Nelson Mandela Award for Health PromotionIndia transports back 100 MT gold from UK vault to IndiaI-T- Acceptance of voluntarily surrendered professional receipt of assessee by AO is in accordance with judicial pronouncements and therefore justified : ITATECI seizes Rs 1100 Crore cash during electionsDPIIT promoting Manufacturing Incubators for StartupsPMLA Court flays ED for failure to nab Mallya, Nirav Modi & ChoksiI-T- A Tribunal is vested with the requisite authority and jurisdiction to admit additional evidence and material in order to do substantial justice to the parties: ITATRBI permits opening of Rupee account abroadCentre collects Rs 1.85 lakh crore tax revenue in April monthAllahabad HC allows interfaith couples to tie nuptial bond without conversionI-T- Revenue has erred in re-computing book profit by making additions towards interest income credited to profit and loss account towards waiver of interest by TIIC : ITAT

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NOBODY CAN STOP a bad idea when its time has come


Joker in the pack ignored

You have ignored the joker in the pack - AAR or the Adverse Ruling Authority, which has messed up the GST law during the last six years. Taxpayers voluntarily approached AAR and got stuck with highest rate of tax. A case where the legal maxim "Volenti fit non injuria" applies!

Gururaj B N 11/07/2023

 

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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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