News Update

11700 liquor bottles heading for Bihar seized in UPBengaluru to host G20 Energy Transition Working Group MeetingWHO says Covid is still a global emergency + Red Cross says World is horribly not prepared for next pandemicMinisters inaugurate G-20 International Financial Architecture Working Group meetingPak Rupee nosedives to Rs 270 vs US DollarONGC's Sagar Samrat re-dedicated to nation as Mobile Offshore Production Unit17 perish in suicide bomb blast at Pak mosque; Over 82 injuredYadav meets German delegation on exploring pathways to sustainable developmentAdani-gate: LIC to grill Adani’s top managementSame-sex marriage: Delhi HC transfers bunch of cases to SCI-T - Re-opening of assessment u/s 148 is invalidated where assessee is not granted opportunity of personal hearing: HCDelhi going to be soaked for another 12 hours, says Weather DepartmentI-T- Merely because interest of housing loan is claimed by son of the assessee in his computation, it is not enough to make him the owner of the property: ITATNitish Kumar says he would prefer to die rather than tie up with BJPTax fraud: Ethics Committee probe pins down Chairman of Conservative Party; Sunak boots him outI-T- Employees' contribution deposited after respective due date cannot be allowed as deduction is applicable in case of an assessment farmed u/s 143(3) as well for intimation framed u/s 143(1) of Act: ITATEU mulling to brand Iran’s Revolutionary Guards as terroristsI-T- PCIT rightly passed order u/s 263 as failure of AO to examine bank statement in correct perspective had led to under assessment of income :ITATUS anti-trust case may compel Google to hive off Ad business as new companyI-T- Where taxes are shown to have been paid by the payee, no disallowance u/s 40(a)(ia) of the Act was called for in the hands of the payer for default in taxes deduction at source: ITATIsraeli drones target Iranian defence goods complexVAT - refund payable to assessee cannot be held up when time limit for assessment & re-assessment has lapsed & any such proceeding is not pending : HCBoris Johnson says Putin scared him with missile attack threatCus - In view of town seizure, Customs Department failed to lead evidence in support of allegation as to smuggled nature of goods, Revenue is directed to release the goods: CESTATRio Tinto drops radioactive capture in Australian desert; Massive search launchedKisan Vikas Patra Scheme amended - Deposits made from Jan 1, 2023 to double in 10 yrsMega Science Projects: The Economic & Diplomatic gains for India!Packaged Commodities Rules amended - Date of Feb 1 substituted by April 1, 2023Indirect Tax: Expectations from Union Budget 2023


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