News Update

IndiGo orders 30 Airbus A350s for long haulsFiling of Form 10A & 10AB: CBDT extends due date to June 30RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimesCPGRAMS recognized as best practice in Commonwealth Secretaries of public serviceIsrael-Iran War: A close shave for Global Economy but for how long?KABIL, CSIR ink MoU for Advancing Geophysical InvestigationsI-T - If income from stock-in-trade are held as investments, then provisions of section 14A would apply to such income: ITATTRAI recommends on Infra Sharing, Spectrum Sharing & Spectrum LeasingI-T- Revisionary powers u/s 263 can't be exercised when AO has neither assumed facts incorrectly nor there is incorrect application of law : ITATTechnology Board okays funding of Dhruva Space's Solar Array ProjectI-T- Issue of interest is debatable issue on which two views are possible and AO accepted one of views for which PCIT cannot assume revisional jurisdiction: ITATHealth Secy visits Bilthoven Biologicals, discusses production of Polio VaccineI-T - Estimation of profit element from purchases should be done reasonably if assessee could not conclusively prove that purchases made are from parties as claimed, in absence of confirmations from them: ITATStudy finds Coca-Cola accounts for 11% of branded plastic pollution worldwideI-T- Triplex flats purchased are interconnected and can be considered as 'a residential unit'' as per definition of section 54F of Act : ITATDelhi HC says conspiracy against PM is a crime against StateI-T- AO omitted to probe issue of cash payments made over specified limit; revisionary power u/s 263 is rightly exercised: ITATBrazil makes new rules to streamline consumption taxesI-T-Power of revision unnecessarily exercised where AO had no scope to examine creditworthiness & genuineness of assessee's creditors: ITATBiden signs rules mandating airlines to give automatic refunds for delayed or cancelled flightsI-T-As per settled law, in absence of enabling powers, no disallowance can be made : ITATBYD trying to redefine luxury for new EV variantsGST - On the one hand, the order states registration is liable to be cancelled retrospectively and on the other hand mentions that there are no dues - Order modified: HCSC asks EC to submit more info on reliability of EVMsRight to Sleep - A Legal lullaby
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Clear smog over Indian Economy
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Don't Derail Corporate Governance Reforms by Creating Turf Row
October 27, 2017
Align Indian economy to emerging global recovery
October 05, 2017
Would 2018-19 Budget tap full potential of non-tax revenue?
September 19, 2017
'Look East Policy' Should be Pursued Without Stumbling
August 31, 2017
Cheeky Fiscal Reforms Can't Substitute Substantive Ones
August 09, 2017
Revisit Tax Reforms to promote 'resources' use efficiency
July 22, 2017
GST roll-out a major milestone, but single market a far cry
July 05, 2017
Govt should issue white paper on impact of BEPS convention
Published: June 14, 2017
NITI's 3yr Action Agenda merits timely action to reboot growth
Published: May 25, 2017
Time to shift from ideas to action on doubling farmers' income
Published: May 03, 2017
Let Growth with Fiscal Responsibility be new Reforms Mantra
Published: April 15, 2017
Pitch for zero recurrence of common mistakes in tax administration
Published: March 31, 2017
Warning - GST Ahead - No Diversion
Published: March 11, 2017
Unveil a Turnaround Package for Exports
Published: March 10, 2017
The excessive solicitude that a thousand guilty men may go but one innocent martyr shall not suffer is a false dilemma
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FM faces rare challenge in crafting Budget amidst heightened uncertainty
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Improve Energy Security by ending Project & Operational Delays
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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.