News Update

Banking likely to be disrupted on Tuesday as PSBs' Unions call for strikeDemonetisation - Process of monetisation is almost over, says FMOECD Secretary General Angel Gurria to release Economic Survey of India on Tuesday in New DelhiIRS Association writes to PM; calls for Centralised Registration for telecom, banks & insuranceGovt mulling over proposal to cap giveaways by pharma companies to Rs 1000/-Delhi Cabinet approves 36% hike in min wagesKejriwal seeks Arun Jaitley's ITR copies & bank details in defamation caseDeputation period may be extended but allowance to be capped at five years Mexico threatens to hit back with retaliatory tariff if Trump goes ahead with border wallMumbai Central Excise felicitates film maker Subhash Ghai on occasion of Central Excise DayST - BAS - Amount received by appellant upon transferring benefit of export cannot be considered either as commission or brokerage: CESTATSECI auction of 1000 MW capacity - Bidders lower wind tariff to Rs 3.4 per unitUP Polls - Phase V - 167 millionaires are in frayCentre okays funds for Bet Dwarka Darshan Circuit in GujaratCX – No interest liability devolves on Central Govt for any delay in transferring amount to Consumer Welfare Fund - Appellant has no vicarious standing to act on behalf of Fund: CESTATSuggestions invited for working out drawback rates under GST FrameworkCBEC grants ad hoc promotion to 844 officers as Assistant Commissioner for five yearsSEBI's nudge for better corporate board evaluation (See 'Corp Einsicht' in tiolcorplaws.com)Sec 6(3)(ii) of Income Tax Act inapplicable to companies with turnover of Rs 50 cr or lessLimiting interest deduction without discrimination (See 'TII Edit')ST - IPL is sporting event, sponsoring of same is not taxable: CESTATTwo Uzbekistani pax coming through Dubai held at IGI Airport with 14 gold cut pieces and cash worth Rs 44 lakhsCBEC launches GST App to keep taxpayers informed about latest updatesGovt Sovereign Gold Bonds window opens from February 27 to March 03, 2017Customs - Supreme Court quashes Detention Order of 2005IGST continues to be 'Apple of Discord'

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