News Update

EC kicks off updation of Electoral Rolls for Haryana, Jharkhand, Maharashtra & J&KMany beneficial legal provisions proposals in plate for GST Council’s meeting todayMinister launches 10th tranche of commercial Coal Mine AuctionsSwiss Court sentences Hinduja family members to 4-yr jail-term for exploiting Indian staffers at Geneva mansionCentre imposes stock limits on tur and chana until Sept 30thGovt notifies new law enacted to stymie malpractices in competitive examinationsHaj Pilgrimage: Govt sets up portal real time monitoring of patients, OPDs and critical care treatmentAnti-tax protest turns ‘taxing’ in Nairobi; 200 injured in police lathi-chargeChouhan assures 100% procurement for Tur, Urad and MasoorUS Supreme Court upholds ban on guns in domestic abuse casesI-T- AO cannot travel beyond the mandate, he cannot proceed to make any other additions beyond the reasons recorded to reopen the assessment: ITATSouth Korea to supply arms to UkraineI-T- Provisions of Section 68 place burden on assessee of proving identity, creditworthiness of parties & genuineness of the transaction; assessee must disprove allegations levelled to AO's satisfaction: ITATChina threatens EU of intensified trade warI-T-CIT(A) cannot absolve assessee from rigors of Section 68, where assessee does not furnish evidence to prove identity, creditworthiness of parties & genuineness of transaction: ITATJapanese company Nissan pauses production at Chinese plantI-T- Furnishing of audit report for claiming a deduction or exemption is mandatory requirement, while mode & stage of filing thereof is a procedural aspect: ITATFlorida family seeks compensation from NASA after space junk wrecks houseI-T- Where requisite audit report is available with AO before assessment order is framed, then claim of deduction cannot be denied to assessee, even if audit report may not have been filed along with ITR: ITATArmenia recognises Palestinian StateCus - Musk Melon Dried Seeds imported by Assessee found to be unfit for human consumption; order directing re-export thereof is sustained; penalty quashed as Assessee may have been unaware of changes in import policy for this item: CESTATIndia to bid for 2036 Olympics; to push for inclusion of cricket and KabaddiST - Tax demand raised under Business Support Service - No evidence exists to show that Assessee had any contract for provision of said service; SCN itself mentions that Assessee only engaged in organizing transport of goods - demand unsustainable: CESTATFails to drub Pawan Kalyan; YSRCP leader changes his nameCX - Since the exempted goods have been exported out of India, therefore, provisions of sub rule (1), (2) & (3) of Rule 6 of Credit Rules are not applicable: CESTAT
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