News Update

White & Black Paper(s) take Voters for a RideJeff Bezos again topples Musk as world’s richest personI-T - Even though assessee has successfully not discharged its primary onus cast upon him to explain source of credits in its books, AO should carry out full enquiry after going through evedinces: ITATIndia reiterates two-state solution on Gaza disputePM inaugurates 7 projects & also lays foundation stone for 1 project of Power Grid39 killed in heavy rains and snowfall in AfghanistanI-T - Case can be remanded back to PCITto decide issue of jurisdiction at threshold and thereafter proceed as per law : ITATChina sets 5% economic growth target for 2024ICAT, Manesar awards First PLI- Automotive Certificate to OLA ElectricI-T- Section 147 of the Act does not postulate conferment of power upon AO to initiate reassessment proceedings upon a mere change of opinion: ITATGovt discusses with NIMHANS for research on digital consumers of online gamingI-T- Additions framed u/s 68 on account of unexplained cash credit are sustainable, where assessee fails to provide satisfactory explanation for share application money and share premium received: ITATSteps taken shall lead to three-fold increase in Natural Gas consumption by 2030: PuriCus - Appellant cannot be penalized just because he was in possession of gold which is taken from Mr. Santosh Patil, as there is no evidence available on record to establish involvement of appellant in alleged smuggling of gold: CESTATCBDT promoting Voluntary Compliance through e-Verification Scheme-2021ST - As Form 26 AS is public document and same was available on record during period 2014-2015 onwards with Department, demand pertaining to extended period of limitation is not sustainable and same is set aside: CESTAT05-03-2024

MESSAGE BOARD

   

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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Address by Shri Buggana Rajendranath, Hon'ble Finance Minister of Andhra Pradesh at TIOL Awards 2023