Budget Update

Delhi HC orders DGCA to deregister GO First’s aircraftIndia successfully tests SMART anti-submarine missile-assisted torpedo systemKiller heatwave kills hundreds of thousands of fish in Southern VietnamHong Kong struck by close to 1000 lightningColumbia Univ campus turns into ‘American Gaza’ - Pro-Palestinian students & counter-protesters clashViksit Bharat @2047: Taxes form the BedrockGST - April month collections go past Rs 2 lakh crore threshold - peak to Rs 2.1 lakh croreCX - Alleged clandestine removal - Not replying to SCN on the ground that letter is not furnished by department is only a ruse as reliance is not placed on the same by the respondent authority for adjudicating the SCNs: SCGST - Proper officer observes that the reply filed is not satisfactory and since the assessee has nothing more to say, demand is confirmed - Officer has not applied his mind - Matter remitted: HCGST - Petitioner had no opportunity to even object to the retrospective cancellation of registration - Petitioner does not seek to continue his business and has sought cancellation of registration - Order modified accordingly: HCGST - Seizing the outward movement of funds from petitioner's bank account - Life of an order of provisional attachment u/s 83(2) is only one year - HDFC Bank, henceforth, cannot restrain operation of bank account: HCTax - on Death and ContemplationDelhi, Noida schools receive bomb threats; Children sent back homeI-T- Writ court is not required to interfere with assessment order, where assessee also has available option of statutory appeal: HCED seizes Rs 90 Cr stored in crypto in Gaming App scamI-T-Transfer of assessment is sustained, where assessee does not reply to any notice issued in this regard & where valid reasons exist for transferring assessment: HCHM appeals Naxalism will be erased in 2 yrs if Modi voted back to powerAmerica softens offence related to use of marijuanaI-T - Rule 11UA does not mentions pre-condition of approval of balance sheet by Annual General Meeting: ITATAfter US & UK India comes third in terms of 79 mn cyber attacks in 2023: StudyCBIC revises tariff value of gold, silver & edible oils
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