News Update

Apple China tosses out WhatsApp & Threads from App store after being orderedChina announces launch of new military cyber corpsRailways operates record number of additional Trains in Summer Season 2024GST - Assessing officer took into account the evidence placed on record and drew conclusions - Bench is, therefore, of the view that petitioner should present a statutory appeal: HC1st phase polling - Close to 60% voter turnout recordedGST - Tax liability was imposed because petitioner replied without annexing documents - It is just and appropriate that an opportunity be provided to contest tax demand on merits, albeit by putting petitioner on terms: HCMinistry of Law to organise Conference on Criminal Justice System tomorrowGST - To effectively contest the demand and provide an opportunity to petitioner to place all relevant documents, matter remanded but by protecting revenue interest: HCGovt appoints New Directors for 6 IITsGST - Petitioner has failed to avail opportunities granted repeatedly - Court cannot entertain request for remand as there has been no procedural impropriety and infraction of any provision by assessing authority: HCNexus between Election Manifesto and Budget 2024 in July!GST - Classification - Matter which had stood examined by Principal Commissioner is being treated differently by Additional Commissioner - Prima facie , approach appears to be perverse: HCI-T- Denial of deduction u/s 80IC can create perception of genuine hardship, where claimant paid tax in excess of what was due; order denying deduction merits re-consideration: HCIsrael launches missile attack on IranEC holds Video-Conference with over 250 Observers of Phase 2 pollsGermany disfavours Brazil’s proposal to tax super-richI-T- If material found during search are not incriminating in nature AO can not made any addition u/s 153A in respect of unabated assessment: ITATGovt appoints Dinesh Tripathi as New Navy ChiefAFMS, IIT Kanpur to develop tech to address health problems of soldiersFBI sirens against Chinese hackers eyeing US infrastructureKenya’s top military commanders perish in copter crashCBIC notifies Customs exchange rates w.e.f. April 19, 2024Meta shares ‘Most Intelligent’ AI assistant built on Llama modelDengue cases soaring in US - Close to ‘Emergency situation’: UN Agency
 
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Chandigarh, March 30, 2017
I-T - No deduction u/s 24(1) is allowable on rental income derived by assessee from factory building leased to its sister concern
 
Bangalore, March 30, 2017
CX - Once final product is treated as dutiable and duty is paid by assessee, there is no question of reversal of CENVAT credit: HC
 
Mumbai, March 30, 2017
Cus - Whether DEPB scrip, if found to be of sinister provenance, should be held against importer for imposition of penalty - matter referred to LB
 
Mumbai, March 30, 2017
CX – Letters communicating Sec 142 certificate for recovery of dues arising in Bangalore Commissionerate are not appealable: CESTAT
 
New Delhi, March 29, 2017
I-T - Whether when legal heir of dead assessee participated in assessment proceedings and never raised the issue of invalid search prior to issue of notice u/s 158BD, same can be a ground before the Apex Court - NO: SC
 
New Delhi, March 29, 2017
I-T - Section 35D benefits are not available to 'Premium Amount' on subscribed share capital as part of 'capital employed in business of company': Supreme Court
 
Mumbai, March 29, 2017
ST - Insurance auxiliary services, Real Estate agent services and Event Management services provided to Axis Bank are Input services: CESTAT
 
Bangalore, March 29, 2017
CX - Removal of scrap arising during course of repairs of machineries cannot be considered as clearance of inputs/capital goods as such: HC
 
Hyderabad, March 29, 2017
I-T - Income from sale of shares cannot be disallowed u/s 68 by treating it as 'income from other sources', when capacitity of parties is sufficiently proved: ITAT
 
Mumbai, March 29, 2017
ST - In absence of challenge, Tribunal could not have dealt with s.78 penalty, in Revenue's appeal: CESTAT
 
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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.




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