News Update

SC says NO to Indrani Mukherjee’s plea for foreign travelBrazil says NO to participate in trade war with USGST - ITC fraud - In order to ensure that the business does not come to a grinding halt, the SBI bank account can be unfrozen and the petitioner can be allowed to utilise the amount of Rs.70 lakhs only for its day to day management: HCGST - No part adjudication of the lis - Art. 226 of the Constitution is not meant to be used to break the resistance of the Revenue: HCGST - Issuing a consolidated SCN covering various financial/assessment years would cause prejudice to an assessee: HCGST - Petitioner cannot be rendered remediless - Appeal was preferred out of time against an order passed in the period of pandemic - Bench must exercise its extraordinary power to intervene - Order set aside and matter remanded: HCGST - Bench extends time period for passing the order on the SCN by a further period of eight weeks: HCNew Income Tax Bill 2025 tabled in HouseThe GST Sleepover: When Tax Officers Outstayed Their WelcomeParis AI Summit - UK, US decline to sign AI declarationST - Real estate developers who engage independent contractors for construction services cannot be held liable for service tax under 'Construction of Residential Complex Service' category: CESTATHurting comments on social media - Mob raids Mysore police station - 7 cops injuredGift of Rural Agricultural Land and Its TaxabilityModi, Vance discuss diversifying energy sourcingST - Non compliance with Show Cause Notice per se without any fraudulent intent, cannot justify invoking extended limitation period: CESTATMeloni goes for deadliest crackdown against Sicilian mafia in yearsI-T - Reopening and consequent addition sought to be made by AO on mere change of opinion, is not permitted: HCTrump’s tariff policy creating mess for auto industry, says Ford CEOGST - CBIC notifies dates for enforcement of Rules 2, 24, 27 & 32Jordanian King resists Trump’s pressure to take Palestinians in GazaI-T - Re-assessment proceedings are invalid where based on facts already considered during original assessment: HCMacron’s office says India to host next AI SummitIndia-France AI Policy Roundtable held on sidelines of AI Action Summit 2025I-T - Sec 263 empowers CIT to initiate suo motu proceedings, when either AO takes wrong decision without considering materials available on record or renders decision without enquiry: HCYadav addresses High-Level Roundtable on Future of MobilityI-T - Re-assessment upheld where based on new information not examined during regular assessment & where approval for the same u/s 151 is accorded with due application of mind: HCDRDO showcases indigenous technologies and innovatI-T- Assessee is entitled to interest u/s 244A on refund of advance tax & TDS after revised return, despite delays by the Revenue in processing tax credits: ITATPM addresses inaugural session of India Energy Week 2025I-T - ESOP expenses claimed by assessee are allowable expenditure u/s 37(1): ITATYadav addresses 'XDG 2045' Ministerial Roundtable in DubaiI-T - Bills can't be treated as non-genuine for making addition u/s 69C, if transporter has not only provided consignment number but also provided bill number as well as quantity of consignment: ITAT


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Former Prime Minister, Dr Manmohan Singh, delivering his Award Acceptance Speech after receiving TIOL Fiscal Heritage Award 2022 on Nov 8 at Taj Palace, New Delhi



Technical Session I - Ease of Doing Business: GST on Digital Economy