News Update

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
 
DIPP develops new portal for mapping industrial infrastructure

By TIOL News Service
 

NEW DELHI, JUNE 16, 2017: AN awareness programme was conducted by Department of Industrial Policy and Promotion at Naya Raipur, Chhattisgarh on the Industrial Information System on June 15, 2017. The programme was chaired by Mr Chandu Lal Sahu, Member Parliament Mahasamund and Member of Consultative Committee of the Ministry of Commerce and Industry. The session was attended by senior government officials from Chhattisgarh Government and industry associations.

Dr Vandana Kumar, JS DIPP made a presentation on the ‘Industrial Information System which has been developed with the support of Ministry of Electronics and IT in collaboration with BISAG. The various features of the portal like the GIS Maps showing the industrial infrastructure mapped till date along with the raw materials layers were demonstrated. A provision to see the connectivity through Air, Rail and Road, scheme details and demand assessment were also demonstrated. Over 2800 clusters have been mapped with over 5.25 lakh hectare land. JS DIPP mentioned that the various central government departments and state governments are continuing to enter data on the system. As the database gets enriched, the portal will serve as valuable decision support tool to investors and policy makers alike.

The development of the portal was much appreciated and was received enthusiastically. Mr Chandu Lal Sahu said that the portal is an opportunity for the State to showcase its large industries ,steel and power sector plants. It will attract investors which will result in job creation in the State.

Mr Sunil Mishra, MD Chattisgarh State Industrial Development Corporation gave an overview of Industries in Chattisgarh. The state is rich in minerals and a quarter of power comes from the state. The state is strong in core industries particularly steel.

Representatives of Industry associations said the system would be very useful to industries. Secretary Industries Mr A S Bhat said that 53 Clusters of Chattisgarh have been mapped and work will continue to enhance completion and accuracy of data. Mr Sahu advised that industry has to be supported , particularly small enterprises.


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.