News Update

Pak FM says Govt to delete non-filers category & impose hefty penalties on tax evadersTN CM meets PM; seeks approval for Chennai MetroShigeru Ishiba elected to be next PM of JapanI-T- Rectification of order is valid, where AO subsequently detects an error apparent from records, regarding computation of assessee's income: ITATYellen says economic ties with China ‘closer’ despite new tariff measuresI-T- 5-year delay in filing appeal to CIT (A) not condonable as no sufficient explanation was provided therefor; assessee's callousness & lack of diligence on display: ITATCategory 4 hurricane Helene storms FloridaI-T- For purposes of section 54F, the new residential house need not be purchased by the assessee in his own name nor is it necessary that it should be purchased exclusively in his name : ITATNY Mayor booked in bribery, fraud casesI-T- Additions framed u/s 68 on account of increase in cash sales, is untenable, where assessee has sufficient evidence to explain nature & source of such deposits: ITATX complies with Brazilian SC’s orders; pleads for lifting of banI-T- Disallowance of interest expenses is invalid where the same is arbitrary and unsupported by concrete findings : ITATIsrael comes under fire from Yemeni missileCX - Cash seized from residence - Trustee cannot enrich himself - Respondents are duty bound to hand over the entire amount of interest which they have earned by placing the seized amount as fixed deposit in a bank: HCCBIC amends tariff value of silver; No change for other commoditiesGST - Cancellation of registration - Controversy as to whether petitioner was in existence is required to be addressed by considering documents of their being in existence at its principal place of business prior to shifting to the new address - Matter remanded: HCRussian-Indian Working Group on Intelligent Transport Systems meets in MoscowGST - Reasons set out in the order were not the reasons as set out in SCN - SCN did not propose cancellation of registration with retrospective effect - Order modified: HCGovt finalises borrowing plan for H2Scindia holds meeting with Bharat 6G AllianceST - As is trite law, Department cannot travel beyond scope of SCN; those grounds not mentioned in SCN cannot be mentioned in O-i-O: CESTATMinistry of Tourism to celebrate World Tourism Day themed 'Tourism and Peace'ST - CENVAT credit cannot be denied on grounds that invoices were issued at an unregistered address: CESTATIndia-Egypt Joint Trade Committee held successfully in New Delhi


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