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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Ahmedabad, July 19, 2016
ST - Recovery notice u/s 87 to Service recipient seeking to recover tax from performance guarantee invoked - When there are no dues payable to Service providers, Sec 87 cannot be invoked: HC
 
New Delhi, July 18, 2016
Revamp of BCCI - Apex Court accepts all recommendations of Lodha Panel; ask's Law Commission & Govt to examine issue of legalising betting & bringing Board under purview of RTI Act 
 
Ahmedabad, July 18, 2016
I-T - Whether addition u/s 41(1) is valid when assessee has shown liabilities in books and creditors have also not given up their rights to recover such sums from assessee - NO: HC
 
Mumbai, July 18, 2016
Cus - Since corrigendum is part and parcel of impugned order, period for filing appeal should be reckoned from date of corrigendum - COD application allowed: CESTAT
 
Mumbai, July 18, 2016
CX - What difference it makes whether it is industrial fans or components - when fact remains that excess duty was paid why refund claim should not be given to appellant – Matter remanded: CESTAT
 
New Delhi, July 17, 2016
CII Business Confidence index grows to 57.2; Profit expectations improve in Q1
 
Mumbai, July 17, 2016
ST - As issue is revenue neutral and concerns interpretation, no motives can be alleged so as to invoke extended period of limitation - interest and penalty set aside & appeal allowed: CESTAT
 
Mumbai, July 16, 2016
When Customs could detect mis-declaration simply by examining weight of consignment with respect to declaration made, it could have been possible for Courier Agency exercising 'due diligence' to detect same - penalty upheld: CESTAT
 
New Delhi, July 16, 2016
All India Radio completes work of FMisation entire Vividh Bharati, Minister tells House Panel
 
Mumbai, July 15, 2016
CX - Supplies made to SEZ are treated at par with physical exports made out of India and all benefits and incentives are available even before issue of Notfn. 50/2008-CE(NT): 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.




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