News Update

I-T- In order to seek review, it has to be demonstrated that order suffers from an error contemplated under Order 47 Rule 1 CPC which is apparent on face of record and not an error which is to be fished out and searched: HCSIM-ply no more: DoT scrutinises 6.8 lakh suspect connections for re-verificationTit-for-tat: Putin issues decree to confiscate American propertyNDA Convocation: 17 Cadets from Friendly Foreign Countries awarded DegreesI-T- Order holding assessee liable to deduct TDS on certain amount, was passed by an AO who lacked jurisdiction over assessee; order is non speaking too - order quashed & matter remanded: ITATSpanish restaurant roof caves in; 4 dead & 21 injuredI-T- Penalty notice & order invalidated where specific charge against assessee between concealment of particulars of income & furnishing inaccurate particulars of income, is not mentioned: ITATEU imposes USD 366 mn fine on Mondelez for cross-border trade restrictionsI-T- In respect of addition u.s 68 of the Act, when all documents provided and no scrutiny by AO of the documents, addition solely on the basis of Investigation Wing report is to be deleted: ITATBiden says US does not recognise jurisdiction of ICCI-T - The payment of royalty for right to use or access to technical know- how and information is revenue expenditure: ITATRussia arrests senior Army General on corruption chargeI-T - Assessee is eligible for claim of cost of funds on interest income received from banks : ITATTicketmaster sued to loosen monopoly over concerts in USI-T- Computer software licenses is eligible for claim of depreciation at 60% : ITATSouth Africa shuts door at migrantsGST - Reason to reach a conclusion is the essence of fairness of an adjudication proceeding - Unless such reasons are given in black and white, adjudication order may remain laconic: HCMaldives to introduce RuPay services soonGST - In the absence of notification issued for cross empowerment, the authorities from the counterpart Department cannot initiate proceedings where an assessee is assigned to the counterpart: HCGermany backs end of EU import duty exemption granted to small parcels to Temu and SheinGST - Proper Officer had to at least consider the reply on merits and then form an opinion whether the reply was not satisfactory - Matter remitted for re-adjudication: HCMumbai boat tragedy: NDRF fishes out 5 bodies from Ujani DamKerala General Sales Tax - Review Petition can be resorted to only if there is error apparent on face of record & cannot be utilised as means of re-hearing or appeal: HCIndia has shortage of honest leaders, not money: GadkariCX - It is incumbent on Commissioner to pass an order on each and every proposal made in SCN and he cannot be silent in operating portion of order on any of proposal made in SCN, therefore, there is a clear error in order: CESTATSpain joins India-led International Solar Alliance as 99th memberCus - If Customs Department doubts validity of DEPB scrips, it ought to have had them cancelled; Department cannot deem scrips to be fraudulent obtained, without taking any action: CESTAT

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Shri N K Singh, recipient of TIOL FISCAL HERITAGE AWARD 2023, delivering his acceptance speech at Fiscal Awards event held on April 6, 2024 at Taj Mahal Hotel, New Delhi.


Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.