News Update

Manufacturing sector logs 5.9% growth in MayI-T- Section 55(2)(b) of the Act talks of other capital asset, which segregates from sub-clause (iiia) to section 55(2)(aa)B of the Act, that talks about Bonus shares specifically: ITATMandaviya chairs Meeting to review India's preparation for Paris Olympics 2024I-T- As assessee's 2nd return is valid return available at time of processing u/s 143(1), CPC ought to have taken into consideration 2nd return and subject it to processing : ITATIndian delegation visits Doha for India-Qatar Joint Working Group MeetingST - Appellant has not been given any consideration for sale of fleet cards, the actual amount received from M/s. BPCL for sale of fleet cards cannot be subject to levy of service tax: CESTATDoT concludes networking events under Sangam-Digital Twin InitiativeCus - When SCN is not fulfilling the ingredients provided under Section 11A(1) of Central Excise Act, 1944 (pari materia with sub-section (4) of Section 28 of Customs Act, 1962), then demand cannot be sustained on the ground of limitation: CESTATNadda reviews Ayushman Bharat PMJAY and Ayushman Bharat Digital MissionGST - CBIC exempts many services of RailwaysArmy Chief visits N-E; reviews security on China bordersEU leaders defend Biden’s NATO Summit gaffesTurkey tables bill in Parliament to round up millions of stray dogs on streets - Animal lovers protestBiden insists to stay in race but Democrat’s Donors freeze USD 90 million3 killed in plane crash in Moscow regionFormer heads of states urge G20 leaders to vote for billionaire tax proposal mooted by BrazilPlans afoot to boost Lighthouse Tourism in India: SonowalSC grants interim bail to KejriwalBangladeshi delegation visits India to Explore Transhipment Potential at East Coast PortsJustice Rajiv Shakdhar appointed as New CJ of Himachal HCBIMSTEC Foreign Ministers call on Prime Minister ModiSC refers Kejriwal arrest issue to larger Bench against question of Right to LifeGST - CBIC clarifies on corporate guarantee in related-party cases + refund by CSD + refund of IGST in case of upward revision of price of exported goods + recovery of dues in cases of disposal of first appealKarnataka Lokayukta says 11 officers have assets worth Rs 45 CroreI-T- Assessee is entitled to claim of deduction u/s 37(1) of the Act, when there was a temporary suspension and/or lull in business of assessee: ITATIMO names Indian Ship Captain for exceptional bravery award for Red Sea rescue operationWHO says Covid still kills 1700 a week around worldAI-driven tech finds huge copper deposit in ZambiaBRICS can set up own parliament in future: PutinUS Coast Guard spots Chinese naval vessels off Alaska island


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