SIGN IN SUBSCRIBE

News Update

GST - April month collections go past Rs 2 lakh crore threshold - peak to Rs 2.1 lakh croreCX - Alleged clandestine removal - Not replying to SCN on the ground that letter is not furnished by department is only a ruse as reliance is not placed on the same by the respondent authority for adjudicating the SCNs: SCGST - Proper officer observes that the reply filed is not satisfactory and since the assessee has nothing more to say, demand is confirmed - Officer has not applied his mind - Matter remitted: HCGST - Petitioner had no opportunity to even object to the retrospective cancellation of registration - Petitioner does not seek to continue his business and has sought cancellation of registration - Order modified accordingly: HCGST - Seizing the outward movement of funds from petitioner's bank account - Life of an order of provisional attachment u/s 83(2) is only one year - HDFC Bank, henceforth, cannot restrain operation of bank account: HCTax - on Death and ContemplationDelhi, Noida schools receive bomb threats; Children sent back homeI-T- Writ court is not required to interfere with assessment order, where assessee also has available option of statutory appeal: HCED seizes Rs 90 Cr stored in crypto in Gaming App scamI-T-Transfer of assessment is sustained, where assessee does not reply to any notice issued in this regard & where valid reasons exist for transferring assessment: HCHM appeals Naxalism will be erased in 2 yrs if Modi voted back to powerI-T - For assessment to be re-opened, it is required that AO should have reason to believe that income of assessee had escaped assessment and said belief should be honest & reasonable: ITATAmerica softens offence related to use of marijuanaI-T - If there was no delay in filing appeal, then no application seeking condonation of delay in filing appeal was filed by assessee: ITATCanada opposition leader calls Trudeau a ‘Wacko’I-T - Rule 11UA does not mentions pre-condition of approval of balance sheet by Annual General Meeting: ITATBinance former CEO jailed for 4 months in money-laundering violationsI-T - Reference could be made to Departmental Valuation Officer only when value adopted by assessee was less than fair market value: ITATMusk fires Tesla’s entire supercharger teamI-T - No revision u/s 263 can be initiated if there was no lack of enquiry on part of Assessing Officer on aspect of allowability of claim of deduction u/s 57: ITATAfter US & UK India comes third in terms of 79 mn cyber attacks in 2023: StudyI-T- If assessee has explained source of deposit from receipt of sale consideration of plot then assessee's explanation cannot be negated to made addition u/s 69A: ITATCore Sector loses steam in March; logs 5.2% growthTrump fined USD 9,000 for ignoring court’s gag orderGST - 1/2017-CTR - Boilers / thermal heaters does not qualify as Waste to Energy Plants and devices - Not entitled for concessional rate of tax: HCCBIC revises tariff value of gold, silver & edible oilsGST - Application for revocation of cancellation of registration - Proper Officer to decide the application within two weeks: HCAir quality in Delhi improved in April monthTRAI extends date for public inputs on auction of spectrumIndian Army hosts lecture on 'Vision 2100'
 
Task force on employment data set up to fill statistical gap

By TIOL News Service

NEW DELHI, MAY 10, 2017: IN view of the importance of timely and reliable data on employment and in accordance with the directions given by the Prime Minister to the  PMO and concerned Ministries to come up with a solution to fill this long standing gap in the country's statistical architecture, a task force has been created under the chairmanship of the Vice Chairman, NITI Aayog Dr. Arvind Panagriya. Labour Secretary Ms. Sathiyavathy, Secretary Statistics Dr. T.C.A. Ananth, Prof. Pulak Ghosh of NITI Aayog and Mr Manish Sabharwal (Member RBI Board) will also form part of it as members. The Task Force will recommend solutions which can be implemented in a time bound manner. The Prime Minister has directed that this task be expedited so that policies on employment can be formulated with a proper appreciation of impacts, based on credible data.  

India suffers from a lack of reliable, timely data on employment which has made it difficult for policy makers and independent observers to assess the extent of employment generation at different points of time. Some data is collected and published by certain agencies including the Labour Bureau, but the coverage is very small. The Labour Bureau data covers only a few sectors and the methodology is not based on updated panel of survey respondents. The net result has been that both policy making and analysis are conducted in a data vacuum.

POST YOUR COMMENTS
   

TIOL Tube Latest

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.

TOP NEWS

AR not Afar by SK Rahman

VISION 360



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

TII LATEST

TIOLCORPLAWS LATEST