News Update

Cus - s.130E - One of the issues, amongst other things, which is required to be determined and decided has a relation to the rate of duty of customs - Appeal dismissed as being not maintainable: HCGST - Difference in Input Tax Credit availed in FORM GSTR-3B as compared to that detailed in FORM GSTR-2A - Petitioners can claim benefit of Circulars 183/2022 and 193/2023: HCGST - Penalty - Petitioner was not served with any show-cause notice as required by section 126(3) to provide an opportunity of hearing - Order quashed and set aside: HCGST - Affidavit-in-reply cannot supplement the main order, which is under challenge by assigning the reasons when the main order does not contain any reasons: HCIBC - Persons with high ideals and impeccable integrity should be appointed as Members in NCLT as well as NCLAT, and there should not be any political appointment: SC LB (See 'TIOLCorplaws)PMLA - Sec 197(1) CrPC which provides that prior sanction from government is required to prosecute public servants & judges for offences alleged while discharge of public duties, will apply to PMLA cases: SC (See 'TIOLCorplaws')Undervaluation of Imported Aluminium Scrap (Part 4 of series)Safari FalloutRule 96(10) - An end to the unceremonious Rule?What is the measure of 'sufficient information' in claiming FTA benefits?Justice Sanjiv Khanna sworn in as 51st Chief Justice of IndiaI-T- Additions framed u/s 69 unwarranted where assessee has sufficient cash to justify bank deposits made in its account, even after accounting for potential expenses: ITAT10 RRBs undergo performance review; credit, digitisation top agendaCanadian Foreign Ministry denies blocking Australia Today news outlet for broadcasting interview featuring Indian Foreign Minister Dr JaishankarI-T - Commission income from such sale of agriculture produce on behalf of farmers duly offered for tax in ITR, merits TDS deduction both u/s 194H and 194Q: ITATDARPG campaign clears 5.55 lakh public grievance casesBitcoin rides red wave in USA; surges to record highsCAQM dials up measures to check soaring AQI levels in NCRI-T- Undisclosed income - additions framed based on statements taken from third parties, are invalidated where assessee is not permitted to cross examine deponents of such statements: ITATUS Federal Court exonerates Meta founder Mark Zuckerberg from personal liability in 25 lawsuits involving social media addiction amongst childrenVAT - Statutory dues, including those owed to the Central or State Government, if not incorporated in the resolution plan, are extinguished upon approval of the Resolution Plan under IBC: HC

MESSAGE BOARD

   

Income tax - Whether interest obligation arises for the Revenue in every case where excess tax paid by assessee has been retained by the State for its own enjoyment - YES: Supreme Court


TCL SC ORDER

An excellent order on basic interpretation of the section as read in plain English, devoid of references to case laws and other derived conclusions. Excellent order which goes to the root of the matter.

Atul Suraiya 02/10/2014

 

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Conferment of TIOL Awards 2024. The event was held on October 1, 2024 at Taj Palace, New Delhi



Technical Session I - Ease of Doing Business: GST on Digital Economy