News Update

India expresses despair over shift in focus at CoP29Security forces shoot down 10 Maoists in ChhattisgarhGST - ITC availment timeline - Law is settled that a person who is engaged in business has to be well versed with the provisions of law - If they have committed an error, the law cannot be changed for giving them any benefit: HCIndia, UK can collaborate on technology like AI education, telemedicine & climate modelling: GoyalGST - ITC - Petitioner is granted liberty to raise the issue whether the construction of immovable property carried out amounts to 'plant' within the meaning of Section 17(5)(d) (plant) of Act of 2017: HCKenyan President orders cancellation of airport project of Adani GroupGST - ITC - Fake invoices - Addition in November, 2023 of offences punishable u/ss 465, 467, 468, 471 IPC - Petitioners have already remained behind bars in year 2018 for a substantial period in respect of complaint u/s 132 of Act, 2017 - They are not on the run - Anticipatory Bail granted: HCDr Rangarajan calls for harmony between economics and lawGST - ITC of Rs.63.37 crores - Allegation of availing fraudulent ITC from non-existent dealers and passing credit without actual supply of goods - Applicant is a transgender and languishing in jail - Conclusion of trial to take time - Regular bail granted: HCRussia gifts anti-air missiles in exchange for troopsGST - ITC available on demo vehicles: HCKing Charles coronation cost USD 91 mn to UK taxpayersI-T - Mere sale of agricultural land does not make assessee liable to pay capital gains tax, either short-term or long-term: HCBiden zings ICC’s arrest warrant against NetanyahuI-T - If object of formula is to arrive at profit from export business, then expenses excluded from export turnover have to be excluded from total turnover also: HCTrump touting autographed guitar for USD 10,000US imposes news sanctions in Russia’s GazprombankI-T - As is trite law, notices issued under Sections 142(1), 144 and 148 in the name of a deceased assessee are void ab initio : HCJapanese AI App detects if pet cats are in painTrump cherry-picks Pam Bondi as US Attorney GeneralAdani Group denies all charges; says DoJ clearly states these are only allegations


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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