News Update

Govt rescinds notification imposing anti-dumping duty on import of Nylon Tyre Cord Fabric from ChinaCBIC posts two IRS officers as Asst Vice President in GSTN + Posts Amit Singh Chandel as OSD in Customs wing in BoardGST - There is no hostile discrimination in taxing lottery: SC LBGST - Lottery - Taxable Value - Prize money is not to be excluded: SC LBGST - Taxable value of Lottery - Legislative scheme of other countries not relevant: SC LBBill Clinton, Obama & Bush willing to take COVID-19 vaccine shots live to create trust in publicDGAP has been conferred with wide-ranging powers of coercion, prosecution and should have exhausted all options available to get requisite data from respondent to arrive at an evidence-based conclusion: NAAChhattisgarh goes for Option-1 to meet GST implementation shortfallExports in April-November dip 17.84%, trade deficit narrows to USD 9.96 bnUpcoming structural reforms in mining sector to realise true potential: Pralhad JoshiUOI directed to install CCTV cameras with night vision and recording equipment in the offices of DRI, NCB, ED : SCAll police stations to have CCTV cameras installed inside premises, entry and exit points - adequate funds to be allocated at the earliest - audio and video data to be preserved for 18 months: SCCorona Vax with Max Efficacy may ONLY 'sleepwalk' in India!Profiteering - Benefit of ITC post-GST has not been passed on to homebuyers - contention that respondent had suo moto passed benefit of Rs.3.41 crores is not borne by facts - DGAP told to reinvestigate: NAAPossible to meettrillion dollar exports target by 2025: GoyalLife insurance policy is not property which can be transferred in the mode and manner prescribed u/s 2(47) of the I-T Act: ITATMDH patriarch Dharampal Gulati, 98, leaves for heavenly abodeRe-assessment notice is quashed if mandatory requirement of recording reasons for resorting to such proceedings, is not complied with: ITATADB loans USD 50 mn to improve West Bengal's fiscal management reformsCIT(E) is bound to assess only the genuine charitable activities proposed in line with objects of the Trust and not what the trust has actually done: ITATIf the AO has not verified facts of TDS materials filed on record, such lapse by the AO in original assessment is no grounds to re-open assessment: ITATAnti-dumping duty on import of TDI imposed for six monthsST - Trade Anywhere software - License Fees collected - does not attract service tax under the category of Management or Business Consultant Service: CESTATIncome tax issues refund of over Rs 1.4 lakh crore in close to 60 lakh cases in last 9 monthsHRD Ministry sets up Task Force to tailor roadmap on technical education in mother tongueUK Drug Regulator grants approval to Pfizer ultra-cold Corona Vaccine ahead of FDA in AmericaCBDT prescribes detailed guidelines on taxpayers’ information security policy for field formationsCBDT grants NFSG benefits to 14 JCITsIRS officers posted as CVO - Vinay Kr Singh of 1997 batch to PEC Delhi + Manisha Saxena of 2000 batch to IREDAReason and Order

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