Architects must blend traditional wisdom & modern science, with eye on sustainability: Naidu (See 'TOG News')PM to launch 10K FPOs today (See 'TOG News')Krishi Vigyan Kendras to uplift small & marginal farmers: Tomar (See 'TOG News')TP - PSUs do not operate merely with profit motive & have other social objectives too - hence they cannot be adopted as comparables to private companies: ITAT (See 'TOG Latest')I-T - Interest income from Savings Bank a/c does not qualify for grant of deduction u/s 80P(2)(a)(i), if it is claimed by a cooperative credit society, which is not a cooperative society: ITAT (See 'TOG Latest')Customs - Orders passed by lower authorities are not sustainable if passed after relying on Circular which was subsequently superseded: CESTAT (See 'TOG Latest')VAT - Even if CBIC notification is not binding upon authorities under GVAT Act, interpretation of entries made by the CBIC cannot be ignored for classification of products: HC (See 'TOG Latest')Govt entices Japanese investment in Steel industry (See 'TOG News')Machine Learning & AI can add 1.3% to India's GDP: Kant (See 'TOG News')INTL - Issue regarding attribution of global profit @ 35% instead of 75% in respect of Indian PE settled in assessee's favor in its own case for past period - no reason to adopt differing view: HC (See 'TOG Latest')I-T - Exercising power of revision is sustained where AO overlooked the fact that assessee under-stated its revenue from mining operations: ITAT (See 'TOG Latest')Central Excise - 100% credit availed on capital goods in same FY instead of 50% but excess credit was not utilised - no requirement to pay interest: CESTAT (See 'TOG Latest')Customs - Role of Customs Broker had not even begun as the goods (red sanders) were apprehended well before they reached port - hence, no penalty imposable: CESTAT (See 'TOG Latest')Coast Guard inducts state-of-the-art patrol vessel (See 'TOG News')New Return - RET-1 - Taxpayers would 'bless' if GST Council defers it! (See 'THE COB(WEB)' in TIOL)Payment received from employees for Notice Period - no ST/GST (See 'THE INSIGHT')
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Budget 2015
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