News Update

Right to Sleep - A Legal lullabyUS warns Pak of punitive sanctions against trade deal with IranI-T- Income surrendered before approaching Settlement Commission not covered u/s 115BBE, where this provision did not exist during relevant AYs: HCChinese companies decry anti-subsidy probe by EUI-T- Entire interest expenditure is allowable as deduction if loan funds is not diverted for non-income earning activities/personal purposes : ITATUK’s key water supplier, Thames Water, slips into financial quagmireI-T- Sale consideration cannot be considered as unexplained cash credit if sale takes place in online platform and sale consideration is received through stock broker in banking channels : ITATUK to send military aid package worth USD 619 mn to UkraineI-T- Section 69C includes expenditures reflected in account books, as well as those discovered during Search & Seizure for which no valid explanation is forthcoming from assessee: ITATUS regulator bans non-compete agreements by employeesI-T- Penalty imposed u/s 273B upheld where assessee unable to provide just cause for failure to file audit report within prescribed due date as per Section 44AB: ITATPalestinian PM unveils new reform packageI-T- Assessee cannot contest validity of penalty notice on grounds of irrelevant provision not being struck off, by highlighting such defect for the first time before ITAT itself: ITATAir India, Nippon Airways join hands for travel between India and JapanGovt receives 7 bids for giga-scale Advanced Chemistry Cell under PLI10 killed as two Malaysian Military copters crashI-T- Lower authorities erred in disallowing long term capital loss : ITATSC grills Baba Ramdev & Balkrishna in misleading ad case1351 candidates to contest in phase 3 of LS ElectionsI-T- Revisionary order u/s 263 invalidated where passed in ignorance of repeated factual submissions to prove that original assessment order is not erroneous or prejudicial to revenue's interests: ITATIndian Coast Guard, Oman Coast Guard to jointly combat transnational illegal activities at seaST - Department cannot retain any amount which is otherwise not payable by the Assessee; nothing acts as embargo on assessee's right to demand refund of tax paid under misaken notion: CESTATAFMS, ICMR join hands to undertake biomedical research for Armed ForcesCus - If noticee seeks Cross Examination of such persons, same should be granted, appellant will produce all documentary evidence before Adjudicating Authority in support of their claim that seized gold is part of their normally procured gold in course of their commercial transactions: CESTAT
 
President awards Tenzing Norgay Award to Biswas, ACIT

By TIOL News Service

NEW DELHI, AUG 30, 2016: PRESIDENT of India Pranab Mukherjee today awarded the prestigious Tenzing Norgay National Award for Adventure - 2015 to Debasish Biswas, ACIT.

The Tenzing Norgay National Adventure Award instituted by the Ministry of Youth Affairs & Sports is the highest award in the field of Adventure Sports given by the Indian Government.

Mr Biswas is the only Indian civilian to have climbed five of the nine peaks with height more than 8000 metres located in India & Nepal successfully. He has scaled the Mt. Everest in 2010, Mt. Kanchenjunga in 2011, Mt. Annapurna in 2012, Mt. Makalu in 2014 and Mt. Manaslu in 2015. He is also an active member of the West Bengal Mountain Rescue team and member of the Governing Body of the W.B. Mountaineering and Adventure Sports Foundation.

Mr Biswas is also a recipient of the Radanath Sikdar – Tenzing Norgey award - the highest honour in Adventure Sports by West Bengal Government; the Indian Mountaineering Foundation (IMF) Gold Medal 2015 and a Special Award from Central Revenue Sports and Cultural Board, New Delhi in 2016. He is also Director & Photographer of many films on mountaineering expeditions and has authored many books in Bengali on the subject. He has formed a group “Aarohan Wanderlust” to promote adventure among general people including aged persons and students and is a regular guest lecturer in various Schools, Colleges, Engineering Institutions, Clubs & Public gatherings in West Bengal, Assam, Bihar and Bangladesh.

The Income Tax Department has congratulated Mr Biswas on the honour conferred on him and wishes him many more successful peaks.


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.