News Update

India ranked 48th in global aviation safety rankingMumbai Customs seizes cocaine worth Rs 18 Cr from two foreign nationals4 killed & 9 injured as car rams into truck in AgraDecode Freebies Maze to free Growth GenieST - Technicalities should not come in way in permitting the party to agitate the case on merits before the court of law: HCCentre asks all States to establish price monitoring centres in all districtsGST - The time is still available, since the new registration certificate is on 21.06.2022 and petitioner had attempted to file on 20.07.2022 and period of limitation would be over the next day only, petitioner is entitled to relief: HCISTS charges on transmission of electricity waived for 18 yearsScindia inaugurates direct international flight from Pune to SingaporeCX - As credit has been accumulated due to clearance of excisable goods during Excise Law Regime for export, bar of unjust enrichment is not attracted: CESTATCus - Duty-free imported goods found during search by DRI officers, within Public Bonded Warehouse, cannot be said to have been outside warehouse - duty demand raised thereon is not tenable: CESTATNew low cost 'Powerless Heating System' activated with water can heat food in remote areasI-T- No need to make addition u/s 68 as assessee has sufficiently discharged onus upon him to prove identity, genuineness of transaction and creditworthiness of depositors: ITATG7 caps disagreement over Russian oil price at USD 60 per barrel; Crude price dives down to US 80I-T- Employee's contribution to employee welfare funds can be allowed if deposited before due date of filing return of income u/s. 139(1) of Act: ITATIndia’s Ambassador hands over Padma Bhushan to Sundar Pichai in San FranciscoI-T- It is the duty of the assessee to lead evidence in support of it's claim: ITATFive Earthshot Prize winners declared from India, Oman, UK, Australia and KenyaOrban says Hungary still not in favour of global minimum taxUS Commerce sleuths find Chinese solar exporters dodged US tariffAmerican Judge erases indictment against Huawei CFOSoccer legend Pele down with respiratory infectionAmerica unwraps B-21 Bomber built to deter ChinaIndonesia to pass law banning adulteryAmerican employers add 2.63 lakh jobs in Nov month despite recession in tech sectorRailways' revenue earnings up by 76% in pax segmentTax Congress 2022: Time is ripe to get in bed with New Income Tax Code!CBEC vests powers in certain officers for Central Excise & Service Tax appealsGST - Paper based corrugated sheets attract tax @12%: AAR
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