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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New Delhi, November 22, 2015
Smart cities asked to provide for Piped Natural Gas supply and CNG stations
 
Mumbai, November 22, 2015
CX - Removal of inputs damaged in flood as scrap - goods not cleared clandestinely - without any intention, respondent has already suffered huge loss because of natural disaster, therefore, it will be very unfair to ask for penalty - Revenue appeal dismissed: CESTAT
 
Kuala Lumpur, November 21, 2015
OECD Economic Outlook predicts robust growth in Emerging Asia
 
Mumbai, November 21, 2015
ST - Notfn. 29/2004 - Overdraft facility, cash credit facility, discounting of bills are not 'exempted service' as defined under rule 2(e) of CCR, 2004: CESTAT
 
New Delhi, November 20, 2015
Corporate Tax reduction: Incentives to be phased out or substantially reduced under Sections 10AA, 32, 35AD, 35AC, 80IA & 80IB
 
Mumbai, November 20, 2015
ST - Appellant borrowing, by way of 'syndicated loans' for acquisition & capital expansion, from overseas banks - Arrangement fee paid to banks is taxable under reverse charge under Banking & Other Financial services: CESTAT by Majority
 
Mumbai, November 20, 2015
CX - AR wants more pre-deposit, says what is already paid during investigation is not to be taken cognizance of while computing pre-deposit amount of 7.5% - Tribunal disagrees and holds that it cannot go beyond mandate of statute
 
Kolkata, November 20, 2015
I-T - Whether passing of title in goods is critical determinative factor to decide question whether franchisee was acting as agent or working on principal to principal basis - YES: ITAT
 
Chennai, November 20, 2015
Simultaneous availment of SSI exemption and MODVAT/CENVAT on inputs used in goods cleared on payment of duty is permissible: CESTAT
 
New Delhi, November 19, 2015
Pay Commission recommends salary range of Rs 18K to Rs 2.5 lakh per month; to cost Rs 1.02 lakh crore to Exchequer
 
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