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 York, February 17, 2013
Recession in Europe keeps global manufacturing output low in 2012: UN Report
 
New York, February 16, 2013
Recession hits tax havens also; China loses maximum capital in 10 years
 
Moscow, February 16, 2013
For balanced economic recovery, structural reforms more critical: OECD
 
Mumbai, February 15, 2013
I-T - Whether when recourse to recovery u/s 226 is taken against public trust, then no prior notice is warranted, although there exists no apprehension of diversion of funds: Bombay HC
 
Mumbai, February 15, 2013
ST - There is nothing in notification 17/2009 that it should be compulsorily availed by manufacturer exporter - Denial of CENVAT Credit is improper: CESTAT
 
Mumbai, February 15, 2013
INPUTS stored outside factory - As AC accepted request for inclusion of premises in Registration Certificate after more than year, applicant has a prima facie strong case in favour: CESTAT
 
New Delhi, February 14, 2013
Service Tax - Export Rebate - Condition 3 of Notification No. 12/2005 - Impossible to comply with requirement before export - Rebate Allowed: Delhi HC
 
Hyderabad, February 14, 2013
I-T - Whether computation of capital gains based on a delayed rectification deed of a property, resulting in lower consideration as compared to original deed, cannot be faulted with - YES: ITAT
 
Mumbai, February 14, 2013
Delay in de novo adjudication has been caused only on account of inaction on part of Revenue - adjudicating authority to dispose of matter of year 1989 within a period of two months: CESTAT
 
Mumbai, February 14, 2013
CENVAT - Bagasse & Press mud arising during manufacture of sugar and molasses are waste - no need to pay any amount in terms of Rule 6 of CCR, 2004 - provisions of IT Act not applicable: 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.