News Update

I-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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Ahmedabad, April 29, 2013
CX - If it is case of Revenue that appellant has used imported polyester chips for clandestine manufacturing and clearing of polyester yarn, it is for them to provide evidences regarding consignment which were imported and consigned to appellant - matter remanded: CESTAT
 
New Delhi, April 28, 2013
FDI requirement as percentage of GDP ratio is diminishing: MoS Meena
 
New Delhi, April 28, 2013
National Water Policy calls for commissioning of Water Regulator
 
New Delhi, April 27, 2013
Illegal raising of deposits: Collective investment schemes are under probe from SEBI, I-T, MCA & RBI
 
New Delhi, April 27, 2013
PSC calls for new tax initiatives; considers budgeted tax receipts an under-estimate
 
New York, April 27, 2013
On 'Girls In ICT Day', UN calls for more jobs for girls in IT world
 
New Delhi, April 26, 2013
ST - Free phones to employees - Bharti Airtel directed to deposit Rs 80 Cr out of demand of Rs 119 Cr - Stay granted up to 3.12.2013 or disposal whichever is earlier: CESTAT
 
Bangalore, April 26, 2013
Karnataka VAT – Dispensing of medicines by doctors not sale; no tax: Tribunal
 
Mumbai, April 25, 2013
Cus - Valuation - Since a replicated CD contains intellectual inputs, cost of same has to be considered while charging Customs duty: CESTAT
 
Pune, April 25, 2013
I-T - Whether when assessee originally a sub-contractor, but becomes direct party to pact, cannot claim benefit of deduction u/s 80IA, merely because they have not developed entire project - NO: ITAT
 
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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.