News Update

Cus - Most appropriate method to determine the value of Service Spare Parts exported by Applicant is by application of Rule 9 of Customs Valuation Rules, 2007: CAARCus - Power to formulate and amend FTP is with Central Government and neither DGFT could amend FTP through policy circulars nor such power to amend could be delegated by Central Government to DGFT: HCCX - SVLDRS, 2019 - COVID Pandemic - Even in cases where payments were made subsequent to 30.06.2020, same ought to be accepted and discharge certificate issued: HCGST - Respondents-revenue committed a grave and serious error in not granting a pre-decisional hearing to the Appellant before passing the impugned order blocking its Electronic Credit Ledger under Rule 86A: HCGST - Rule 86A - The expression 'reason to believe' would necessarily mean that the respondents must arrive at a satisfaction based on their own independent inquiry and not upon borrowed inquiry: HCGST - ITC blocking - Order invoking rule 86A is based on borrowed satisfaction - No independent or cogent reasons are contained in the order: HCSC lambasts Punjab & Haryana over Delhi smog cloudsGST - Petitioner has failed to give any good ground for condonation of delay even before the Court, therefore, this Court, under extraordinary jurisdiction cannot interfere with the orders: HCJapan hoots siren against bird fluGST - Petition has been dismissed solely on the ground of availability of alternate remedy - Issue whether the order is an outcome of non-application of mind; whether passed without consideration of documents should have been decided in writ petition: HCInferno at Mumbai 14-storey building; 3 reduced to ashesGST - Petitioner is aggrieved that the benefit of ITC and 11/2017-CTR has not been extended - Application for rectification u/s 161 may be filed: HCChina launches new satellite groupAs is where is clarifiedNavigating the GST Maze: How the Supreme Court's Ruling Redefines ITC for Construction IndustryIntrospect Exuberance Over FATF's Report on IndiaI-T- Re-assessment - AO is within limits to form opinion without full examination of documents, where assessee is originally assessed u/s 143(1); allegation of change of opinion not maintainable here: HCCEC says EVMs cannot be hacked like pagersI-T- Power of revision rightly invoked where assessment order found to have been passed without making proper enquiries or verification: HCSamsung workers’ month-long strike may end soon as talks fructifyI-T- Provisions of Section 14A cannot be applied where no exempt income is found to have been earned in the relevant AY: ITATAmerican court rules Meta to face music for promoting addiction of social media among teensI-T- Charges of unexplained money as per Section 69A are invalid where its source is sales made by assessee & which are recorded in books of accounts: ITATTrump reiterates imposing of ‘suspension-breaking’ tariffs on imported carsNorth Korea claims 14 lakhs youth joined army in one dayFM to attend Annual Meetings of IMF-World Bank in USA; Also to visit MexicoGaza War cost likely to be close to USD 20 bn: World BankKerala Municipalities Act, 1994 - Having a chapel in a building does not render it a building meant for public worship & hence is not eligible for exemption from property tax: HCMaharashtra to go to polls on Nov 20; Jharkhand on Nov 13 & Nov 20; Results on Nov 23GSS 2024 calls for collaboration on international standards for digital technologiesCBIC Member inaugurates creche and cafeteria at CGST FaridabadSecond meeting of Joint Committee under India-UAE CEPA heldIndia to make telecom services available to emerging economies: Goyal
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Shri Samrat Choudhary, Hon’ble Deputy CM & FM of State of Bihar, delivering inaugural speech at TIOL Tax Congress 2024.



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