News Update

3 Indian women from Gujarat died in mega SUV accident in USJNU switches to NET in place of entrance test for PhD admissionsGST - fake invoice - Patanjali served Rs 27 Cr demand noticeI-T - Bonafide claim of deduction by assessee which was accepted in first round of proceedings does not tantamount to furnishing of inaccurate particulars, simply because it was disallowed later: ITATIndia-bound oil tanker struck by Houthi’s missiles in Red SeaSCO Defence Ministers' Meeting endorses 'One Earth, One Family, One Future'RBI issues draft rules on digital lendingI-T - In order to invoke revisionary jurisdiction u/s 263, twin conditions of error in order and also prejudice to interest of Revenue must be established independently: ITATCRPF senior official served notice of dismissal on charges of sexual harassmentIndian Air Force ushers in Digital Transformation with DigiLocker IntegrationColumbia faculty blames leadership for police action against protestersCX - When process undertaken by assessee does not amount to manufacture, even then CENVAT credit is admissible if such inputs are cleared on payment of duty which would amount to reversal of credit availed: CESTATGoogle to inject USD 3 bn investment in data centre in IndianaCus - The equipments are teaching accessories which enable students in a class to respond to queries and these equipments are used along with ADP machine, same merits classification under CTH 8471 60 29: CESTATUN says clearing Gaza mounds of rubble to take 14 yrsST - When issue is of interpretation, appellant should not be fastened with demand for extended period, the demand confirmed for extended period is set aside: CESTATBlinken says China trying to interfere US Presidential pollsWorld Energy Congress 2024: IREDA CMD highlights need for Innovative Financing Solutions
 
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New Delhi, July 07, 2013
A Voluntary Retirement Scheme is essentially a part of company's desire to weed out deadwood - It is well-established that VRS does not entitle an employee as matter of right to benefits of Scheme: SC
 
New York, July 07, 2013
UN for greater efforts to end modern day slavery - human trafficking
 
New Delhi, July 06, 2013
The Tale of Tax Evasion, Anti-Evasion, and a good use of Canine Teeth
 
New Delhi, July 06, 2013
Service Tax Voluntary Compliance Encouragement Scheme: Revenue Secretary urges business chambers to ask members to avail this Scheme
 
Chennai, July 05, 2013
Temporary transfer of copyright - Section 65(105)(zzzzt) of FA, 1994 - taxability on film distribution - Imposition of Service Tax upheld: Madras High Court
 
Chandigarh, July 05, 2013
I-T - Whether interest received for delayed payment from customers can be said to have direct nexus with sales of the Undertaking, and hence would be eligible for deduction u/s 80IA - YES: ITAT
 
Mumbai, July 05, 2013
Cus - Notfn 21/2002 - Whether to qualify as 'other alloy steel' not only one element is essential in proportion prescribed but if there are more than one elements all should be in proportion are essential - Difference of opinion - Matter referred to President: CESTAT
 
Mumbai, July 04, 2013
ST - By placing shares in private domain, no advice relating to conceptualizing, development or up-gradation of any working system of any organization could be said to have been rendered - classification done by Revenue under 'Management Consultancy Service' has no basis - appeal allowed: CESTAT
 
Bangalore, July 04, 2013
I-T - exemption - Whether the word 'aggregate annual receipts' of other educational institution is to be understood as clubbing of annual receipts of all educational institutions run by an assessee society - NO: HC
 
Bangalore, July 04, 2013
Customs - Fixed Wireless Terminals cannot be treated as cellular phones - Divergent views within Department - Extended period not invokable - Stay granted: 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.