News Update

USD 6.4 bn deal with Adani Group - Holcim believes there is no tax implication, nor any tax payment!India eyes rolling out 6G services by 2030: PMSC asks Trinamool not to obstruct ED from questioning Abhishek BanerjeeCBI raids; Karti Chidambaram tweets, “I have lost counts”CX - 1433 days delay in filing appeal (by Revenue) rightly condoned by Tribunal: HCIndian Knowledge System holds solutions to world's challenges: PradhanCus - Marking 'N' instead of 'Y' in 'Reward' column - Assessee only intended to amend shipping bills so as to mention their intention to avail benefit of a particular scheme - Amendment u/s 149 rightly allowed: HCCentre to train 20K J&K officials in grievance redressalGST - SCN is bereft of material particulars, order lacks reasons; grounds other than given in SCN; non adherence to basic principles of natural justice - Orders quashed and set aside: HCLankan crisis going beyond retrieval - One-day petrol left in stock; to sell airlines to arrest lossesGST - It seems that respondent has no idea about Rule 97A which permits manual filing of refund application: HCUber rolls out robot-assisted food delivery service as part of product eventGST - Whether the respondent authority is entitled to seize and detain the goods in transit and the conveyance, more particularly, when it is accompanied by a lawful e-way bill, invoices and without determining and offering the writ applicant opportunity to deposit tax, if any and penalty - Matters admitted: HCAirbnb boss chips in USD 100 mn for Obamas Foundation’s scholarship fundST - Impugned order is silent about sanction of interest and the law if mandates interest to flow consequent to sanction of refund that shall be covered under order of consequential relief already passed, appeal is held to be pre-mature: CESTATWhy violence soaring in Valley? - Because of ’The Kashmir Files’, says MehboobaCus - Appellant despite having knowledge of fraudulent imports by Shri Sumit Walia agreed to purchase Land Rover to be imported by them through same modus operandi, no evidence on record to prove appellant's innocence: CESTATOmicron - Daily caseload skyrockets to 3.93 lakh in N Korea - Vaccines missing & test kits disappearingCX - When duty itself was not liable to be paid by virtue of Notfn 06/2006, the argument that appellant was required to make payment holds no water, as long as Revenue does not suspect involvement of appellant as a sub-contractor: CESTATUS relaxes Trump-era snarls on Cuba; Remittances & travel permittedI-T - Case can be remanded to pass a de novo orders on merits on issue of reopening of assessment as there is lack of clarity on facts of case - HCBombs rip through Bombay Bazaar in Karachi; One killed & 10 injuredI-T - Re-assessment proceedings untenable where assessee not given opportunity to file reply to SCN: HCEU asks companies not to cork Russian gasI-T - Period taken by assessee for rectifying defects or curing omissions, does not entail receipt of interest u/s 244A :HCTaliban shuts down Human Rights Commission; says not needed during financial crisisI-T - Disallowance of depreciation on inflated URD purchases without making addition of alleged purchases is wrong : ITATTurkey insists not to say YES for entry of Sweden & Finland into NATOI-T - No addition in assessment completed u/s 153C can be made without material found in course of search if unabated assessments is already completed prior to search: ITATIndia lambasts Organisation of Islamic Cooperation for unwarranted tweets on delimitation in J&KI-T - Municipal Ratable Value of property or actual rent offered in return, whichever is higher, is to be adopted as fair rent : ITATMonsoon lands Andaman islands six days aheadI-T - CAM charges are subject to deduction of tax at source u/s 194C at 2% as it is in nature of contractual payments : ITAT

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