News Update

World Energy Congress 2024: IREDA CMD highlights need for Innovative Financing SolutionsVoter turnout surpasses 50% by 4 PM in Phase 2 pollsST - 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: HCXI tells Blinken - China, US ought to be partners, not rivalsST - 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: HCCX - Issue involved is valuation of goods u/r 10A of CE Valuation Rules, 2000 - Appeal lies before Supreme Court: HCCus - Smuggling - A person carrying any article on his belonging would be presumed to be aware of the contents of the articles being carried by him: HCCus - Penalty that could be imposed for smuggling 3.2 kg of gold was Rs.88.40 lakhs, being the value of gold, but what is imposed is Rs.10 lakhs - Penalty not at all disproportionate: HCCus - Keeping in mind the balance of convenience and irreparable injury which may be caused to Revenue, importer to continue indemnity bond of 115 crore and possession of confiscated diamonds to remain with department: HCCus - OIA was passed in October 2022 remanding the matter to adjudicating authority but matter not yet disposed of - Six weeks' time granted to dispose proceedings: HCI-T - High Court need not intervene in matter involving factual issues; petitioner may utilise option of appeal: HCChina asks Blinken to select between cooperation or confrontationI-T - Unexplained cash credit - additions u/s 68 unsustainable where based on conjecture & surmise alone: ITATHonda to set up USD 11 bn EV plant in CanadaImran Khan banned from flaying State InstitutionsI-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: ITATPro-Palestine demonstration spreads across US universities; 100 arrestedI-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): ITATNATO asks China to stop backing Russia if keen to forge close ties with WestNY top court quashes conviction of Harvey Weinstein in rape case
 
Ban takes call for action on climate change to Commonwealth Summit

By TIOL News Service

NEW YORK, NOV 28, 2015: UNITED Nations Secretary-General Ban Ki-moon took his call for urgent action on climate change to the Heads of Government of the 53-nation, 2.2-billion-people-strong Commonwealth today, declaring that the stars seemed aligned for at last making major progress on the issue.

“We must take action. We have spoken for a long time - at least 20 years, longer than 20 years – and the science has made it plainly clear,” he said at a news conference on the margins of the Commonwealth summit in Malta, on the eve of the two-week-long UN climate change conference, widely known as COP21 , opening in Paris on Monday.

“Now I hope this will [also] be the last place to talk about this and I hope we have a good and ambitious agreement in Paris,” he stressed, citing the years of effort to rein in greenhouse gas emissions that threaten to radically impact the world as we know it, from rising sea levels overwhelming low-lying island States to devastating droughts and floods.

Five years ago at a climate change summit in Durban, South Africa, Member States agreed in their Declaration: let us agree on a universal, legally binding, ambitious climate change agreement by 2015, Mr. Ban stressed.

“I think that [now] all the stars seem to be aligning. There is a strong commitment, not only from the Government but from the business communities and civil society.

“And people on the ground, urge the leaders of today to make this world better and environmentally sustainable so that our succeeding generations can live in peace and harmony and prosperity, in a safer way,” he added.

“We are going to make it happen and the time for taking action is now. We cannot again delay or postpone it until tomorrow.”


POST YOUR COMMENTS
   

TIOL Tube Latest

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.