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Israel-Iran War: A close shave for Global Economy but for how long?I-T - If income from stock-in-trade are held as investments, then provisions of section 14A would apply to such income: ITATTRAI recommends on Infra Sharing, Spectrum Sharing & Spectrum LeasingI-T- Revisionary powers u/s 263 can't be exercised when AO has neither assumed facts incorrectly nor there is incorrect application of law : ITATTechnology Board okays funding of Dhruva Space's Solar Array ProjectI-T- Issue of interest is debatable issue on which two views are possible and AO accepted one of views for which PCIT cannot assume revisional jurisdiction: ITATHealth Secy visits Bilthoven Biologicals, discusses production of Polio VaccineI-T - Estimation of profit element from purchases should be done reasonably if assessee could not conclusively prove that purchases made are from parties as claimed, in absence of confirmations from them: ITATStudy finds Coca-Cola accounts for 11% of branded plastic pollution worldwideI-T- Triplex flats purchased are interconnected and can be considered as 'a residential unit'' as per definition of section 54F of Act : ITATDelhi HC says conspiracy against PM is a crime against StateI-T- AO omitted to probe issue of cash payments made over specified limit; revisionary power u/s 263 is rightly exercised: ITATBrazil makes new rules to streamline consumption taxesI-T-Power of revision unnecessarily exercised where AO had no scope to examine creditworthiness & genuineness of assessee's creditors: ITATBiden signs rules mandating airlines to give automatic refunds for delayed or cancelled flightsI-T-As per settled law, in absence of enabling powers, no disallowance can be made : ITATBYD trying to redefine luxury for new EV variantsGST - On the one hand, the order states registration is liable to be cancelled retrospectively and on the other hand mentions that there are no dues - Order modified: HCIsrael finally moving ahead with Rafah OperationsGST - Registration cancelled retrospectively on ground that physical verification revealed that the firm was non-existent - Petitioner had informed that they shifted business and had sought cancellation of registration - Order cancelling registration modified: HCNorway oil major boss says Europeans are not hard-working as compared to AmericansGST - Since registration was cancelled, petitioner could not access portal and view the SCNs and file replies - Order set aside and matter remitted: HCJio turns world’s top telco in terms of data trafficGST - Reply filed is a detailed one and if the proper officer was of the view that the same was unsatisfactory, he should have specifically sought further details - Matter is remitted: HCGadkari faints during campaign; Heat takes toll on his healthGST - SCN does not put petitioner to notice that the registration is liable to be cancelled retrospectively - Order set aside and registration restored: HCSC asks EC to submit more info on reliability of EVMsGST - Non-application of mind - Proper officer has merely observed that the reply filed is unclear and unsatisfactory and, therefore, the demand is confirmed - Matter remitted for re-adjudication: HCItaly imposes USD 10 mn fine on Amazon for unfair business practicesCommercial Tax - Judgment of High Court is in jeopardy once appeal is entertained by Supreme Court - Appeals shall remain pending before the Appellate Board, Bench at Indore, till the issue is decided by Apex Court: HCUS warns Pak of punitive sanctions against trade deal with IranST - As the job-work undertaken by appellant amounts to manufacture, service tax cannot be levied on them under both Heads 'Business Auxiliary Service' and 'Business Support Service': CESTATRight to Sleep - A Legal lullabyCX - Existence of corroborative evidence is essential in order to establish clandestine removal of goods and same cannot be merely based on assumptions and presumptions: CESTAT
 
Multi-model Transport System of International Standard is Need of Hour: Gadkari

By TIOL News Service

NEW DELHI, OCT 29, 2014: A multi-model transport system on parity with international standards and sensitive to the safety of users is the need of the hour”, said Minister of Road Transport & Highways , Mr Nitin Gadkari, while addressing the 15 th Meeting of the National Road Safety Council (NRSC) and 36 th Meeting of the Transport Development Council, here yesterday. The Road Transport & Safety Bill, 2014, an update on Motor Vehicle Act, 1988, is an initiative in this direction, the Minister added. The Bill is proposed to be presented in the forthcoming winter session of the Parliament.

Highlighting the salient features of the Road Transport & Safety Bill 2014, the Minister said, “the Bill provides for a Unified Driver Licensing System across the country, automated testing to eliminate human bias in testing, a Unified Vehicle Registration System in India linked with insurance, vehicle offences and fitness, electronic and online submission of application for registration and development of an electronic platform to ensure collection, distribution and reconciliation of revenue between the various states in a seamless manner to remove the inconvenience the taxpayer faces today”. The Minister reiterated his ministry's commitment to promote the use of alternative fuel so that the import bill of traditional fuel could be brought under control and an eco-friendly transport system could be evolved. Referring to efforts to minimize the number of road accidents in the country, he said that expert committees are to be formed to identify the spots of accidents and causes of accidents like curves, trees etc. have to be removed. The Minister also mentioned the proposal for the formation of bus ports with the same modern facilities as those available at airports and the establishment of Drivers club for truck drivers on National Highways. In order to improve the enforcement of traffic regulations, cities with population of over 10 lakh will be equipped with automated traffic law enforcement systems, comprising of CCTV cameras, speed cameras and e-challan systems. Monetary penalties in the 1988 Act have been updated and they have also been supplemented with the provision of refresher trainings for certain offences and repeat offenders.

Speaking on the occasion, Minister of State for Road Transport & Highways, Mr Krishan Pal said that the Radio Frequency based Identification technology for electronic toll collection would be used as standard for vehicle identification at the toll plazas and check-posts. This will pave the way for smooth vehicle movement, eliminate overloading and a convenient system for payment of tolls and taxes. He also highlighted measures to provide safe and secure transport system to women by setting up an integrated system at the national and state levels. This would include installation of GPS-based, on board vehicle security and tracking system with emergency buttons, video recording cameras etc. 


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