Budget Update
Govt orders mandatory declaration of stock position of wheat
CPI gets Rs 11 Cr tax notice for using old PAN number
GST - Penalty demand of Rs.3731 crores - A person who would fall within the purview of sub-section (1-A) of s.122 should necessarily be a taxable person who retains the benefits of transactions: HC
Govt issues advisory against calls impersonating DoT
FATP hand-wrings over slow regulation of crypto by member-countries
GST - Threatening and pressurising petitioner who is merely an employee - Highly unconscionable and disproportionate on the part of the officer: HC
ECI's C-Vigil app a big hit with voters
GST - Same relief was claimed in earlier petition which was withdrawn unconditionally - Fresh petition seeking same relief is barred by the estoppel principle: HC
Income tax hands over Rs 1700 Cr tax demand to Congress Party
GST - Neither SCN nor the order spell out the reasons for retrospective cancellation of registration, hence cannot be sustained: HC
Stage-2 of Vikram-1 orbital rocket successfully test-fired
GST - Non-application of mind - If reply was unsatisfactory, details could have been sought - Record does not reflect that such exercise was done - Matter remitted: HC
Houthis claim UK has not capability to intercept their hypersonic missiles
GST - Merely because a taxpayer has not filed returns for some period does not mean that registration is required to be cancelled with retrospective date also covering the period when returns were filed and taxpayer was compliant: HC
Israeli forces kill 200 Palestinians at Gaza medical complex & arrest over 1000
GST - Petitioner's reply, although terse, is not taken into account while passing assessment orders - Petitioner put on terms, another opportunity provided: HC
Unveil One Nation; One Debt Code; One Compliance Rule for Centre & States
China moves WTO against US tax subsidies for EVs & renewable energy
More on non-doms - The UK Spring Budget 2024 (See TII Edit)
Training Program for Cambodian civil servants commences at Mussoorie
CBIC revises tariff value of edible oils, gold & silver
CBIC directs all Customs offices to remain open on Saturday & Sunday
I-T- Once the citizen deposits the tax upon coming to know of his liability, it cannot be said that he has deliberately or willfully evaded the depositing of tax and interest in terms of Section 234A can be waived: HC
Houthis attack continues in Red Sea; US military shoots down 4 drones
Cus - No Cess is payable when Basic Customs Duty is found to be Nil: CESTAT
PUZZLE TO DAZZLE