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Thursday , May 5, 2016 | Updated : May 5, 19:58 IST
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NEWS FLASH
 
Govt invokes rule 56(j); 33 tax officials compulsorily retires (See 'Mixed Buzz') Former CBDT Chairperson Anita Kapur appointed as Member of COMPAT (See 'Service News' in Pitara) Pragya S Saxena appointed as JS-I (FT&TR-I) (See 'Transfer' in Pitara) Govt amendments proposed for Finance Bill 2016 (See 'Finance Bill' in Budget) Lok Sabha gives green signal to much awaited Bankruptcy Code; one step closer to better debt resolution regime CBEC notifies new customs exchange rates effective from 6th May (See 'NT 64' in What's New) Rural employment & income affected due to natural calamities : Govt Speaker’s advise to Power Minister - Your replies should be short New train services from Agartala to Delhi, Kolkata later this month India expects 9 lakh SE Asian tourists this year India continues to maintain a high growth rate at 7.65 in 2015-16 compared to 7.2% in previous year: FM Reports of plastic rice imported from China, sale of synthetic milk: MPs seek stringent laws to check food adulteration Govt is following the approach of ‘Reform to Transform’ : Arun Jaitley Government refuses to roll back 1% excise duty on gold Magic Bricks, 99 acres, Housing.com and other online listing sites take sigh of relief; CCI says enough competition exists in real estate broking market (See '2016-TIOL-19-CCI') Tax Avoidance - Holding Cos as key aggregators of MNEs' foreign profits (See 'The Cob(Web) Column) Cabinet allows flexibility in utilisation of coal to reduce cost of power generation (See 'Mixed Buzz') DVAT - Whether assessee, which is a licensee for certain advertisement display sites, is liable to pay VAT on revenue earned from display of advertisement even if there is no transfer of any right to use those sites - NO: HC (See 'Breaking News') Overboard or Overbroad? + Customs - Rewards to Informers - CBEC wants Close Monitoring (See 'DDT' Column') I-T - Whether amount refunded to an auction purchaser along with interest, pursuant to cancellation of auction sale by Apex Court can be treated as 'revenue receipts' in hands of auction purchaser - NO: HC (See 'Breaking News') SC Collegium recommends four names for elevation as New Judges - Chief Justices of Allahabad + MP + Kerala; Former Addl SG I Nageswara Rao also nominated for direct appointment + Uttarakhand HC Chief Justice shifted to AP & Telangana HC Union Cabinet approves adoption of UN Principles of official statistics (See 'Mixed Buzz') ST - Revenue authorities cannot reclassify services rendered by assessee in a refund claim filed by assessee - Appeal rejected: CESTAT (See 'Breaking News') Write-off of irrecoverable arrears - CBEC wants action - Rs. 1,83,587 crore arrears (See 'DDT' Column) CX - Order passed in haste by adjudicating authority without considering reply filed or granting personal hearing - Matter remanded: CESTAT (See 'Breaking News') Cabinet okays renewal of scientific pact with EU (See 'Mixed Buzz') SC Collegium recommends four names for elevation as New Judges - Chief Justices of Allahabad + MP + Kerala; Former Addl SG I Nageswara Rao also nominated for direct appointment + Uttarakhand HC Chief Justice shifted to AP & Telangana HC Rajya Sabha Chairman accepts Mallya's signed resignation letter Govt invokes rule 56(j); 33 tax officials compulsorily retires (See 'Mixed Buzz') Former CBDT Chairperson Anita Kapur appointed as Member of COMPAT (See 'Service News' in Pitara) Pragya S Saxena appointed as JS-I (FT&TR-I) (See 'Transfer' in Pitara) Govt amendments proposed for Finance Bill 2016 (See 'Finance Bill' in Budget) Lok Sabha gives green signal to much awaited Bankruptcy Code; one step closer to better debt resolution regime CBEC notifies new customs exchange rates effective from 6th May (See 'NT 64' in What's New) Rural employment & income affected due to natural calamities : Govt Speaker’s advise to Power Minister - Your replies should be short New train services from Agartala to Delhi, Kolkata later this month India expects 9 lakh SE Asian tourists this year India continues to maintain a high growth rate at 7.65 in 2015-16 compared to 7.2% in previous year: FM Reports of plastic rice imported from China, sale of synthetic milk: MPs seek stringent laws to check food adulteration Govt is following the approach of ‘Reform to Transform’ : Arun Jaitley Government refuses to roll back 1% excise duty on gold Magic Bricks, 99 acres, Housing.com and other online listing sites take sigh of relief; CCI says enough competition exists in real estate broking market (See '2016-TIOL-19-CCI') Tax Avoidance - Holding Cos as key aggregators of MNEs' foreign profits (See 'The Cob(Web) Column) Cabinet allows flexibility in utilisation of coal to reduce cost of power generation (See 'Mixed Buzz') DVAT - Whether assessee, which is a licensee for certain advertisement display sites, is liable to pay VAT on revenue earned from display of advertisement even if there is no transfer of any right to use those sites - NO: HC (See 'Breaking News') Overboard or Overbroad? + Customs - Rewards to Informers - CBEC wants Close Monitoring (See 'DDT' Column') I-T - Whether amount refunded to an auction purchaser along with interest, pursuant to cancellation of auction sale by Apex Court can be treated as 'revenue receipts' in hands of auction purchaser - NO: HC (See 'Breaking News') SC Collegium recommends four names for elevation as New Judges - Chief Justices of Allahabad + MP + Kerala; Former Addl SG I Nageswara Rao also nominated for direct appointment + Uttarakhand HC Chief Justice shifted to AP & Telangana HC Union Cabinet approves adoption of UN Principles of official statistics (See 'Mixed Buzz') ST - Revenue authorities cannot reclassify services rendered by assessee in a refund claim filed by assessee - Appeal rejected: CESTAT (See 'Breaking News') Write-off of irrecoverable arrears - CBEC wants action - Rs. 1,83,587 crore arrears (See 'DDT' Column) CX - Order passed in haste by adjudicating authority without considering reply filed or granting personal hearing - Matter remanded: CESTAT (See 'Breaking News') Cabinet okays renewal of scientific pact with EU (See 'Mixed Buzz') SC Collegium recommends four names for elevation as New Judges - Chief Justices of Allahabad + MP + Kerala; Former Addl SG I Nageswara Rao also nominated for direct appointment + Uttarakhand HC Chief Justice shifted to AP & Telangana HC Rajya Sabha Chairman accepts Mallya's signed resignation letter
 


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