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CBDT invites inputs for comprehensive review of Income-tax ActAdani Group negotiating takeover deal with Heidelberg’s cementIndia-UAE BIT comes into effectNobel Prized in medicine for 2024 goes to American scientists for microRNA discoverySAI to develop National Centre of Sports Excellence in MumbaiVietnam Q3 GDP spirals by 7.4%Rs 1,000 cr earmarked for Venture Fund to Space StartUps, says MinisterI-T - Capital gains u/s 50 arising out of sale of long term capital assets, shall be taxable at 20% rate u/s 112: ITAT SBIs it 'plant and machinery' or 'plant or machinery'?Undervaluation of Imported Aluminium Scrap (Part 3 of series)Indian solar suppliers substitute tossed out Chinese players in US supply linePrivacy in Peril: Have We Forgotten Our Rights?New Trumpian threat: 200% tariff on vehicles imported from MexicoI-T- Writ petition filed before exercising option of rectification petition, is premature: HCRG Kar case: 10 Docs aligned to former Principal tossed out of hospitalI-T- If at all there is some disallowance/adjustment in a year, same should be adjusted with the available brought forward business loss of the assessee: ITATMedical emergency: London-heading Air India flight stops over in DenmarkJaishankar says AI can be as fatal to world as N-weaponsCus -SAD refund - Date of making refund application would be required to be considered from date of final assessment and not from date of payment of provisional duty: HCTraumatised by Helene, Florida laces up for major hurricane MiltonGST - Non-payment of dues for a period of three months is not a prescribed ground u/s 29 and/or u/r 21 for cancelling the petitioner's GST registration: HCChinese hackers hack into US court-sanctioned wiretapping serverDrugs & raw materials worth Rs 1800 Cr seized in Bhopal; Two arrestedDRDO successfully flight-tests 4th Generation Air Defence System

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CE - 100% EOU - DTA Clearances - Third Time CESS - Supreme Court Dismisses Revenue SLP on ground of delay


Will any head roll in CBEC

After reading through the obfuscating trail of third time cess ably captured in DDT of 6th Jan, I noticed that twice the Revenue has gone to the Apex Court challenging the judgments of the High Court of Gujarat. Both the times, the cause for dismissal was delay in filing the SLP in the Supreme Court. If this matter was so important that the Board decided to approach the supreme court twice, and belatedly on both occasions, one wonders what will happen to less important cases, which have to be carried in appeal to higher forum. Will the board take "serious view" of the tardiness of the concerned officers and discipline them? Is this how public interest is defended?

Gururaj B N 06/01/2015

 

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Mr Larry Summers, Former US Treasury Secretary addressing at TIOL Fiscal Awards 2024 after being conferred TOL Kautilya Global Award 2024 by Deputy Chairman of Rajya Sabha, Shri Harivansh Narayan Singh.

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Dr. C. Rangarajan, former Governor of RBI, addressing at TIOL Fiscal Awards 2024 after being conferred TOL Kautilya Global Award 2024 by Deputy Chairman of Rajya Sabha, Shri Harivansh Narayan Singh.

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