News Update

Right to Sleep - A Legal lullabyUS warns Pak of punitive sanctions against trade deal with IranI-T- Income surrendered before approaching Settlement Commission not covered u/s 115BBE, where this provision did not exist during relevant AYs: HCChinese companies decry anti-subsidy probe by EUI-T- Entire interest expenditure is allowable as deduction if loan funds is not diverted for non-income earning activities/personal purposes : ITATUK’s key water supplier, Thames Water, slips into financial quagmireI-T- Sale consideration cannot be considered as unexplained cash credit if sale takes place in online platform and sale consideration is received through stock broker in banking channels : ITATUK to send military aid package worth USD 619 mn to UkraineI-T- Section 69C includes expenditures reflected in account books, as well as those discovered during Search & Seizure for which no valid explanation is forthcoming from assessee: ITATUS regulator bans non-compete agreements by employeesI-T- Penalty imposed u/s 273B upheld where assessee unable to provide just cause for failure to file audit report within prescribed due date as per Section 44AB: ITATPalestinian PM unveils new reform packageI-T- Assessee cannot contest validity of penalty notice on grounds of irrelevant provision not being struck off, by highlighting such defect for the first time before ITAT itself: ITATAir India, Nippon Airways join hands for travel between India and JapanGovt receives 7 bids for giga-scale Advanced Chemistry Cell under PLI10 killed as two Malaysian Military copters crashI-T- Lower authorities erred in disallowing long term capital loss : ITATSC grills Baba Ramdev & Balkrishna in misleading ad case1351 candidates to contest in phase 3 of LS ElectionsI-T- Revisionary order u/s 263 invalidated where passed in ignorance of repeated factual submissions to prove that original assessment order is not erroneous or prejudicial to revenue's interests: ITATIndian Coast Guard, Oman Coast Guard to jointly combat transnational illegal activities at seaST - Department cannot retain any amount which is otherwise not payable by the Assessee; nothing acts as embargo on assessee's right to demand refund of tax paid under misaken notion: CESTATAFMS, ICMR join hands to undertake biomedical research for Armed ForcesCus - If noticee seeks Cross Examination of such persons, same should be granted, appellant will produce all documentary evidence before Adjudicating Authority in support of their claim that seized gold is part of their normally procured gold in course of their commercial transactions: CESTAT
Untitled Document
TIOL BUDGET RUN-UP 2016-17

Push to Make in India
By Nilesh Bhagat & Darshana Deshmukh
Published: February 27, 2016
Deemed exports not deemed to be exports for CCR 5
By Uma Lohray
Published: February 27, 2016
Prescribing time limit for Cenvat credit - Bouquet of issues yet to be settled
By Bimal Jain
Published: February 26, 2016
Supplementary invoices - industry woes
By Nirav S Karia & Saurabh Malpani
Published: February 26, 2016
Improve image of Customs Department
By P Rosi Reddy
Published: February 26, 2016
Pre-budget Memorandum For 2016-17
By DEVARAJAN J
Published: February 26, 2016
Benefit of Section 80-IA should be extended to co-generation of power
By Sankaranarayanan
Published: February 26, 2016
Budget wish-list -Transfer Pricing
By Tehmina Sharma
Published: February 25, 2016
Customs duty on Electricity cleared from SEZ to DTA - Small units will perish
By A Netizen
Published: February 25, 2016
Draconian arrest powers under Customs Act - need for a controlled exercise
By Manish Jain
Published: February 24, 2016
Credit on outward transportation - clarification to put an end to futile litigation
by Bimal Jain
Published: February 24, 2016
Complicated CENVAT Rules; Damocles Sword of Limitation and impending GST
by S Thirumalai
Published: February 24, 2016
Suggestions for Budget 2016-17
by Samir Kumar Sinha
Published: February 24, 2016
Chewing Tobacco & Jarda-scented Tobacco - Pouch Packing Industry grievances
by P M Pandya
Published: February 24, 2016
Rebate of Countervailing Duty (CVD) - Remove anomaly
By Hardik Shah
Published: February 23, 2016
Pre-Budget memorandum on Direct Taxes
By Pallav Gupta
Published: February 23, 2016
Provisions not in consonance to be taken care of in Union Budget
By Ajith Kumar M
Published: February 23, 2016
Credit of 'Inputs' & Works Contract Service
By Lakshmi Ratna K
Published: February 23, 2016
Rebate on Exports
By C T Krishna Murthy
Published: February 22, 2016
Provisional release of seized goods - Need for uniform code
By Manish Jain
Published: February 22, 2016
SBC Rebate - Notfn.41/2012-ST needs more attention
By Ashish Bajaj
Published: February 22, 2016
Grinding wheels - unit of measure needs to be changed in Tariff
By Jagdish Pandey
Published: February 22, 2016
Project Import Scheme - Fine - tuning needed
By Rajat Dosi
Published: February 20, 2016
The doors are still shut - Category III AIF
By Hemal Mehta, Pranav Turakhia & Tiya Jain
Published: February 19, 2016
Pre-Budget memorandum for 2016-17
By Pramod Dixit
Published: February 18, 2016
Introduce 'Project Export' in Customs as well as in Excise
By M K Harsh
Published: February 18, 2016
Ease of making payments !!
By Apeksha Subramanya
Published: February 17, 2016
Give us our due - Assessees woes
by Pradeep Jain & Neetu Sukhwani
Published: February 17, 2016
Woes of Pharma Industry
By Lajja Saini
Published: February 16, 2016
Ease of Doing Business
by K R Ramankutty
Published: February 16, 2016
Believe in your assessee - Permission rigors should be avoided
by Nagnath Mathdevru
Published: February 15, 2016
Whether startup is a piece of cake or hard nut to crack: Tax View point
by Aparna Parelkar & Dipika Shah
Published: February 15, 2016
Whether service provider not availing CENVAT can file revise returns under rule 9 of CCR, 2004 - clarification needed
by Chirayu Kothi
Published: February 14, 2016
Give power of ROM to lower authority & introduce VCES, 2016
by Unnikrishnan V
Published: February 14, 2016
Make service tax laws more democratic
by Navin Khandelwal
Published: February 13, 2016
ICEGATE issues to be sorted out
by V K Agarwal
Published: February 13, 2016
Are two registrations required under CE Law for a dealer?
by Nirav S Karia & Chaitanya R Bhatt
Published: February 12, 2016
Focus on CENVAT scheme and procedural simplification
by Debasish Bandyopadhyay
Published: February 12, 2016
Readying for GST - some suggestions
by R Manimohan
Published: February 11, 2016
Reversal of CENVAT credit on Input Services, capital goods by Developers - exemption needed
by Jaiprakash H Shethiya
Published: February 10, 2016
Looking through Section 32AC of Income Tax Act
by Ashit Kr Chatterji
Published: February 09, 2016
India comes with a big bang- startup India standup India!
by Sheetal Bhatia
Published: February 09, 2016
Are original documents required to be filed for claiming refund?
S Sivakumar & R Vaidyanathan
Published: February 08, 2016
Pre-Budget Proposal - Cement Industry cries for attention
by Arvind Gupta
Published: February 08, 2016
Woes of electronics/semi-conductors industry
by K S Naveen Kumar
Published: February 07, 2016
No allegation of fraud, suppression if unit is audited every year
by Arun Deshpande
Published: February 07, 2016
Union Budget, 2016: Suggestions - Direct taxation
by PVS Suryanarayana
Published: February 06, 2016
Vehicles for providing ATM replenishment services should be Cenvatable
by Abraham K Joseph
Published: February 06, 2016
Indirect Tax - What should one expect from Budget - 2016?
Sumit Dutt Majumder
Published: February 05, 2016
Close all existing litigation before implementing GST
by P Anbuchelvan
Published: February 05, 2016
Wish list - Budget 2016
by S Suryanarayana
Published: February 05, 2016
Activity of job work: Whether supply of manpower service or manufacture?
by Labli A Nahar, Chaitanya R Bhatt And Nirav S Karia
Published: February 04, 2016
' Such' mein 'kuch ' problem hain !
by Vishwanath K
Published: February 03, 2016
Is Provision of Service by an Employer to the Employee Taxable?
by Juhi Bansal
Published: February 02, 2016
DTA clearance from EOU at concessional rate of duty
by Atish Laddha
Published: February 01, 2016
Budget suggestions by a common man
by S Ramaswamy
Published: February 01, 2016
Service Tax threshold exemption should be hiked to pave way for GST
by Ramesh Chandra Jena
Published: January 31, 2016
Budget Suggestion
by A Netizen
Published: January 29, 2016
Change Unit of Quantity
by Rasik Patel
Published: January 28, 2016

TIOL Tube Latest

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.