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Govt orders mandatory declaration of stock position of wheatCPI gets Rs 11 Cr tax notice for using old PAN numberGST - Penalty demand of Rs.3731 crores - A person who would fall within the purview of sub-section (1-A) of s.122 should necessarily be a taxable person who retains the benefits of transactions: HCGovt issues advisory against calls impersonating DoTFATP hand-wrings over slow regulation of crypto by member-countriesGST - Threatening and pressurising petitioner who is merely an employee - Highly unconscionable and disproportionate on the part of the officer: HCECI's C-Vigil app a big hit with votersGST - Same relief was claimed in earlier petition which was withdrawn unconditionally - Fresh petition seeking same relief is barred by the estoppel principle: HCIncome tax hands over Rs 1700 Cr tax demand to Congress PartyGST - Neither SCN nor the order spell out the reasons for retrospective cancellation of registration, hence cannot be sustained: HCStage-2 of Vikram-1 orbital rocket successfully test-firedGST - Non-application of mind - If reply was unsatisfactory, details could have been sought - Record does not reflect that such exercise was done - Matter remitted: HCHouthis claim UK has not capability to intercept their hypersonic missilesGST - Merely because a taxpayer has not filed returns for some period does not mean that registration is required to be cancelled with retrospective date also covering the period when returns were filed and taxpayer was compliant: HCIsraeli forces kill 200 Palestinians at Gaza medical complex & arrest over 1000GST - Petitioner's reply, although terse, is not taken into account while passing assessment orders - Petitioner put on terms, another opportunity provided: HCUnveil One Nation; One Debt Code; One Compliance Rule for Centre & StatesChina moves WTO against US tax subsidies for EVs & renewable energyMore on non-doms - The UK Spring Budget 2024 (See TII Edit)Training Program for Cambodian civil servants commences at MussoorieCBIC revises tariff value of edible oils, gold & silverCBIC directs all Customs offices to remain open on Saturday & SundayI-T- Once the citizen deposits the tax upon coming to know of his liability, it cannot be said that he has deliberately or willfully evaded the depositing of tax and interest in terms of Section 234A can be waived: HCHouthis attack continues in Red Sea; US military shoots down 4 dronesCus - No Cess is payable when Basic Customs Duty is found to be Nil: CESTAT
 
FM inaugurates CII Centre for Arbitration and Mediation

By TIOL News Service

NEW DELHI, APR 29, 2017: MR Arun Jaitley, Minister of Finance, yesterday released the CII Reports on Transparency in Real Estate Sector and Ethics in Healthcare Sector. He also launched the CII Centre for Arbitration and Mediation during the Annual Session of the Confederation of Indian Industry (CII) with the theme ‘Future of Globalisation: Can India Lead.'

CII Centre for Arbitration and Mediation will deal with national and international arbitration matters. It would incorporate best practices in alternate dispute resolution for speedy disposal of cases. The Center under the leadership of leading lawyers, Shardul Shroff and Pallavi Shroff, would provide fair, impartial and quality arbitration services for resolving commercial disputes.  

Recognising the primacy of place accorded to bringing transparency in business and customer operations for promoting faster growth with inclusiveness in the economy, Dr Naushad Forbes, President, CII unravelled the three key initiatives taken by CII during the year. This includes CII's work on Ethics in Healthcare Sector, CII Report on Transparency in Real Estate Sector and Launch of the CII Centre for Arbitration and Mediation.  

The CII President stated that CII constituted a Committee on Integrity and Transparency in Governance, chaired by Mr Sumit Mazumder, Immediate Past President over the year. The Committee set up two working groups on ‘Ethics in Health Care' and ‘Transparency in Real Estate'. The Healthcare Sector working group was chaired by Mr Farhad Forbes, Co-Chairman, Forbes Marshall. Mr Brotin Banerjee, MD and CEO of Tata Housing, chaired the working group on real estate.

One of the great concerns for the common citizens of the country related to the availability of affordable Healthcare, which was sought to be addressed in ‘The Report on Ethics in Health Care Sector'.   The Working Group on Healthcare came up with recommendations covering disclosure, pricing norms for drugs and consumables, protocol and guidelines, norms for remuneration of Doctors, accreditation, communication with patients, regular audits, etc.

The Report on Transparency in Real Estate Sector made key recommendations related to developers as well as customers. These covered areas such as fair trade practices, fair norms related to project delivery, adhering to timelines, and maintaining delivery schedules, among others.   


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