News Update

Cus - There is no requirement of any demand being made in the original assessment order for interest u/s 28AA - Interest is automatic: HCIndia demands USD 1.3 trillion climate finance fund for Global SouthGST - Instead of dismissing appeal on ground of alleged failure to submit Board resolution, Appellate authority ought to have spent a few seconds to check the GSTN portal to find out whether the person concerned was registered as an authorised signatory to sign appeal documents - Matter remanded: HCAAP releases first list of 11 candidates for Delhi polls in Feb monthST - Adjustment of refund towards outstanding dues - It would require a positive interdiction by a statute or an adjudicatory forum for preventing the department from resorting to an enabling provision under the statute: HCAdani Group denies all charges; says DoJ clearly states these are only allegationsAmerica's sanctions-bazooka spawns billion-dollar lobbying industry in Washington!India unveils AI Data Bank to propel InnovationIndia hails resumption of FTA dialogue with UKSignificant progress made under National Logistics PolicyTRAI takes steps to combat spam calls and SMSCoal import by Thermal Plants & non-regulated sector declines in last 6 monthsI-T - Bonus shares that have been distributed to assessee without any consideration, does not amount to income: HCInflation is no risk to India’s growth story: DEA SecretaryBlack Money Act - Initiation of prosecution u/S 51 Black Money Act not dependent on completion of assessment proceedings u/S 10 for tax evasion: HCNY Court indicts Gautam Adani on bribery charge in solar energy dealApple offers USD 100 mn investment in Indonesia after ban on iPhoneI-T- Absence of any material available on record to have live nexus with information received by AO invalidates re-assessment: HCAmerican Senate stalls move to block military sales to IsraelAustralian law moots USD 30 mn fine on social media if under 16 users are not kept at arm’s lengthUK Parliament okays legislation to re-nationalise rail servicesPainting depicting surrealism auctioned for USD 121 million in NYISRO targeting 10% of global space economy in next 20 years


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Conferment of TIOL Awards 2024. The event was held on October 1, 2024 at Taj Palace, New Delhi



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