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News Update

‘Flash Mob’ drive in London seeks support for PM Modi To deliver political message, Pak Sessions judge abducted and then released: KPK Maersk to invest USD 600 mn in Nigerian seaport infra Chile announces 3-day national mourning after three police officers killed Indian Coast Guard intercepts Pakistani boat with 86 kg drugs worth Rs 600 Crore Gold watch of richest Titanic pax auctioned for USD 1.46 million Iraq is latest to criminalise same-sex marriage with max 15 yrs of jail-term Undersea quake of 6.5 magnitude strikes Java; No tsunami alert issued Zelensky says Russia shelling oil facilities to choke supply to Europe 20 army men killed in blasts at army base in Cambodia 3 Indian women from Gujarat died in mega SUV accident in US JNU switches to NET in place of entrance test for PhD admissions GST - fake invoice - Patanjali served Rs 27 Cr demand notice I-T - Bonafide claim of deduction by assessee which was accepted in first round of proceedings does not tantamount to furnishing of inaccurate particulars, simply because it was disallowed later: ITAT India-bound oil tanker struck by Houthi’s missiles in Red Sea SCO Defence Ministers' Meeting endorses 'One Earth, One Family, One Future'RBI issues draft rules on digital lending Indian Air Force ushers in Digital Transformation with DigiLocker Integration Google to inject USD 3 bn investment in data centre in Indiana ST - When issue is of interpretation, appellant should not be fastened with demand for extended period, the demand confirmed for extended period is set aside: CESTAT

April 27, 2024

I-T - Bonafide claim of deduction by assessee which was accepted in first round of proceedings does not tantamount to furnishing of inaccurate particulars, simply because it was disallowed later: ITAT

April 27, 2024

I-T - In order to invoke revisionary jurisdiction u/s 263, twin conditions of error in order and also prejudice to interest of Revenue must be established independently: ITAT

April 26, 2024

I-T - High Court need not intervene in matter involving factual issues; petitioner may utilise option of appeal: HC

April 26, 2024

I-T - Income from sale of flats cannot be computed in assessee's hands, where legal possession of flats had not been handed over to buyers in that particular AY: ITAT

April 26, 2024

I-T - Investment activities in venture capital which are not covered in negative list under Schedule III to SEBI Regulations, qualifies for deduction u/s 10(23FB): ITAT

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April 27, 2024

CX - When process undertaken by assessee does not amount to manufacture, even then CENVAT credit is admissible if such inputs are cleared on payment of duty which would amount to reversal of credit availed: CESTAT

April 27, 2024

Cus - The equipments are teaching accessories which enable students in a class to respond to queries and these equipments are used along with ADP machine, same merits classification under CTH 8471 60 29: CESTAT

April 27, 2024

ST - When issue is of interpretation, appellant should not be fastened with demand for extended period, the demand confirmed for extended period is set aside: CESTAT

April 26, 2024

ST - Amendment made to FA, 1994 on 14.05.2015 making service tax applicable retrospectively on chit-fund business is only prospective - Refund payable of tax paid between 01.07.2012 to 13.05.2015: HC

April 26, 2024

ST - SVLDRS, 2019 - Amnesty Scheme, being of the nature of an exemption from the requirement to pay the actual tax due to the government, have to be considered strictly in favour of the revenue: HC

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April 20, 2024

India needs to design legislative pills to euthanise tax-induced expatriation!

March 27, 2024

Attachments Galore: Protocol missing to regulate interplay!

March 09, 2024

Electoral Bonds Case: Unproductive cacophony need to be avoided

February 27, 2024

Direct Listing of Shares - A brush with Income Tax Act!

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April 25, 2024

Israel-Iran War: A close shave for Global Economy but for how long?

April 18, 2024

Nexus between Election Manifesto and Budget 2024 in July!

April 11, 2024

TIOL Fiscal Awards: Maastricht is dead & gone! What next?

April 04, 2024

Kudos for Digitalisation vs Pillories for e-waste!

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View All Cob(Web)s on GST»

Income Tax Notification	39
Income Tax Circular	07
Customs Tariff Notification	23
Customs NT Notification	31
Customs Circular	03
Anti Dumping Notification	07
DGFT Notification	09
DGFT Public Notice	02

CGST Rule Notification	09
CGST Rate Notification	01
CGST Circular	206
IGST Rule Notification	05
IGST Rate Notification	01
UTGST Rate Notification	01
UGST Rule Notification	02
Cess Rate Notification	03

April 24, 2024

Right to Sleep - A Legal lullaby

April 17, 2024

GST Penalty of Rs. 3731 Crores on an employee!

April 10, 2024

When the Stars Aligned: An Evening at the TIOL Awards

April 03, 2024

Import of Obscene goods - Who decides obscenity - Customs?

March 27, 2024

Massager or sex toy?

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April 22, 2024 | By O P Dadhich

Anti-Profiteering under GST

April 18, 2024 | By S Rahul Jain

Clearing the Air: Airtel's SC Decision provides clarity on test of Agency

April 18, 2024 | By Nupoor Agrawa & Kunal Nikumbh

GST implications for Corporate Debtor under IBC

April 15, 2024 | By M G Kodandaram

GST Audit: Evolve a Combined and Transparent Procedure

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March 05, 2024

White & Black Paper(s) take Voters for a Ride

January 04, 2024

Governors as Vikas Ke Rajdoot - Walk the Talk

October 30, 2023

Build Amrit Kaal Bharat With Latest Quality Data

August 07, 2023

An urgent need to revive Consensus Politics

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March 29, 2024

Unveil One Nation; One Debt Code; One Compliance Rule for Centre & States

January 31, 2024

Transforming Bharat into Ram Rajya - Redraw Fiscally Sustainable Path

December 07, 2023

New Bharat needs Electoral-cum-Fiscal Reforms

October 16, 2023

IMF's Indian GDP Prospects Should Empower Govt

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TIOL Tube

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.

April 27, 2024 | New Delhi

SCO Defence Ministers' Meeting endorses 'One Earth, One Family, One Future'

April 27, 2024 | New Delhi

Indian Air Force ushers in Digital Transformation with DigiLocker Integration

April 26, 2024 | New Delhi

World Energy Congress 2024: IREDA CMD highlights need for Innovative Financing Solutions

April 26, 2024 | New Delhi

Weather prediction normal for phase 2 poll day

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April 22, 2024

Requisite Checks for Appeals - Pre Deposit

April 16, 2024

Diversion of goods imported under Advance Licence to Open Market: Mens rea upheld

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VISION 360 -
'A Treasury of Key Tax &
Regulatory Developments!'

April 2024 Edition

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

April 26, 2024

I-T - Assessee cannot be prevented from claiming that receipts from sale of software were wrongly offered as royalty, merely because such income was wrongly offered in ROI and which was not revised: ITAT

April 26, 2024

I-T- Proceedings commenced subsequent to exercise of revisionary power u/s 263, are unsustainable, where the revisionary order itself came to be quashed: ITAT

April 26, 2024

PMLA -Bail application can be dismissed as petitioner failed to satisfy conditions for grant of bail : HC

April 26, 2024

Trade Mark Act - Marks are visually phonetically and deceptively similar to Plaintiffs' trademarks : HC

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