News Update

Evidences Required for Sustaining Penalties ImposedMDH & Everest products placed under scrutiny for quality-checkI-T - Re-assessment - detailed inquiry into assessee's income cannot be made at time of finalisation of re-assessment order: HCTeen house help serves sleeping pills to old woman house owner before stealing jewellery and cash in LucknowOptimise GST Administration Through Call Book SystemChina takes first step to float Rmb one trillion bond sale to perk up economyI-T- A case already subjected to re-assessment cannot be re-opened where no new material relating to escapement of income is unearthed: HC8 killed in Mexico weekend shootingIndia-ASEAN trade: 8 sub-committees constitutedPutin goes for Cabinet reshuffle; picks new face for Defence portfolioI-T- Order mandating predeposit of 20% of tax demanded be quashed, where passed without examining whether assessee made out prima facie case for waiver of pre-deposit: HCIsrael withholds tax revenue due to PalestiniansVirus of bomb scare for schools spreads to Jaipur; Children transported back homeMines Secretary inaugurates Registered Office of Khanij Bidesh India LimitedAmnesty International accuses China of harassing own students studying abroad for political activismIMD says rainfalls to stay in many parts of India till May 16I-T- If the assessments concluded are not in accordance with the law, it is not change of opinion, but it is a valid reason for reopening the assessments by AO : HCChina launches new satellite into space todayTechnology is driving sea change in Military Affairs: Chief of Defence StaffNY Consulate of India to remain open 365 days for ‘genuine emergencies’ST - In absence of clear finding for demand of reversal of Cenvat credit and for demand of service tax on 'other income' without examination of documents, same cannot be legally sustainable: CESTATPhilippines sends naval ships to atoll being converted into island by ChinaST - Purchase and sale of SIM Cards by franshisee/distributors appointed by telecom companies not leviable to Service Tax under category of Business Auxiliary Service especially when such companies already discharged service tax on gross amount of Such SIM cards: CESTATSwitzerland wins Eurovision Song Contest 2024CX - It is the duty of Tribunal even without an alternative submission, to pass necessary consequential orders, suo motu, to give further directions in matter as situation may warrant: CESTATMassive rally in Georgia against Kremlin-style ‘Foreign Agent’ BillCus - Bio-metric Access Control System capable of storing data in the Automatic Data Processing Machine, is appropriately classifiable under CTH 8471: 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.