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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Ahmedabad, March 26, 2013
I-T - Whether Explanation in Sec 80IA(4) having retro-operation is unconstitutional, although it only attempts to clarify that deduction would not be available in case of execution of works contracts - NO: HC
 
Mumbai, March 26, 2013
S. 153 of Customs Act, 1962 - Appellant absconding in view of COFEPOSA detention order - such a person cannot be given benefit of condonation of any delay - Appeal time barred: CESTAT
 
Mumbai, March 26, 2013
CX - Valuation - Whether u/s 4 or 4A of CEA, 1944 - third schedule to Tariff does not cover toilet papers - pre-deposit of duty of Rs.1.19 Crores waived & stay granted: CESTAT
 
Mumbai, March 25, 2013
Whether when particular asset is not included in definition of 'assets', but rental income from said asset has been offered as income from house property, same can be treated as income from business - NO: ITAT
 
Mumbai, March 25, 2013
ST - Erection of sluice gates in agricultural dams - Maharashtra Govt are not commissioning agency as they do not undertake such activities for anybody else except themselves - stay granted: CESTAT
 
Mumbai, March 25, 2013
CENVAT - duty paying documents lost in transit - Powers of adjudication are given to quasi judicial authorities to sub-serve justice and not to deny them - appeal allowed: CESTAT
 
New Delhi, March 24, 2013
Cabinet Committee on Investment revamps procedures; speeds up approval for projects of Rs 1000 Cr or more
 
Paris, March 24, 2013
OECD Economic Survey of China calls for deregulation of macro economic parameters for inclusive growth
 
New York, March 23, 2013
UN calls for urgent action to tackle global sanitation crisis
 
New Delhi, March 23, 2013
Special Valuation Branch in Customs - The Great Indian Customs Loot!!
 
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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.