TP - Mere dissatisfaction with factual findings of ITAT regarding selection of comparables after application of quantitative/qualitative filters cannot be contested u/s 260A: HC (See 'TOG Latest')I-T - Assessee is eligible to claim exemption u/s 54 where possession of flat held by him since date of allotment is handed over & capital gain is paid on transfer of property 'held': ITAT (See 'TOG Latest')Customs - Classification of imported goods cannot be decided based on internet search results when Department could have obtained expert opinion or technical write-up: CESTAT (See 'TOG Latest')Central Excise - Demands cannot be raised under rent-a-cab service where Department is unable to prove that vehicle was capital goods of assessee & was registered in its name: CESTAT (See 'TOG Latest')ISA - India to host first general conclave (See 'TOG News')New convention & expo centre to reflect economic progress: Modi (See 'TOG News')TP - When agreement between two resident companies does not provide for any markup on total cost then no addition is permitted by applying margin of international transactions: ITAT (See 'TOG Latest')I-T - If interest income does has no direct link with eligible business or business activity then it can be considered for deduction claimed u/s 80IB & 80IC: ITAT (See 'TOG Latest')Central Excise - Cenvat credit be availed on supplementary invoices rasing demand for 'royalty charges' & 'stowing excise duty', 'paryavaran upkar', 'vikas upkar', 'forest fee' & 'Entry tax': CESTAT (See 'TOG Latest')Service Tax - Extended period of limitation cannot be invoked where issue of taxability of commission received from banks was contested during period of dispute: CESTAT (See 'TOG Latest')Govt launches Swachhata Hi Seva campaign to promote cleanliness (See 'TOG News')Govt launches Swachhata Hi Seva campaign to promote cleanliness (See 'TOG News')Delhi Govt inks pact with Seoul for better infrastructure & public health (See 'TOG News')Govt launches star rating based on efficient energy use (See 'TOG News')DTAA - Tax Residency Certificate constitutes sufficient evidence for accepting status of residence as well as beneficial ownership for seeking treaty benefits: ITAT (See 'TOG Latest')I-T - Pre-deposit of duty demanded from cooperative institution can be waived off considering that its members come from marginal sections of society: ITAT (See 'TOG Latest')Customs - Duty exemption under Notfn No 46/2006-Cus can be denied where entire quantity of imported goods were not used to manufacture final product: CESTAT (See 'TOG Latest')Central Excise - Cenvat credit cannot be allowed on Outdoor Catering service which is utilized for personal use by employees & has no nexus with manufacture of final product: CESTAT (See 'TOG Latest')
Tax on Go
Budget 2015
Click the banner to download Documents


CPWD must innovate & revamp in infrastructure sector: Naidu
By TOG News Service
Jul 12, 2018

 TOG News Service, NEW DELHI, JULY 12, 2018: THE Vice-President of India, Mr M Venkaiah Naidu, today stated that the Central Public Works Department (CPWD) as an engineering organisation must focus on innovation and modernisation in the infrastructure sector to ensure accelerated economic growth of the country. He mentioned that particular attention should be paid to last mile connectivity of rural roads and in providing health and educational infrastructure, water supply and sanitation. He was addressing the 164th Central Public Works Department Day celebrations here. 

He further stated that it is indeed a matter of satisfaction for all of us that our country at present has the distinction of being the fastest growing economy in the world. The country is going through a major phase of industrialization and modernization with huge activity taking place in construction and infrastructure projects. We are on the verge of witnessing a sustained growth in infrastructure. He said though, CPWD is contributing to this development process, there is a need for CPWD to play a bigger role in building new infrastructure projects, given its institutional spread and technical prowess.

The Vice-President stated that CPWD must make sincere efforts to take up more infrastructure projects and continue to be a major player in the development of the nation. Organizations like the CPWD must take it upon themselves to provide a technical platform to launch these efforts. Thus, it would be a golden opportunity to showcase talents and abilities. He mentioned that transparency and accountability must become guiding principles for organisations that are working for larger public good.

The CPWD has a greater role in urban development and any construction in our cities must keep the nature in mind and must be environmental friendly, the Vice-President stated. He further mentioned that the CPWD must make sincere efforts to take up more infrastructure projects and continue to be a major player in the development of the nation. Protect Nature, Culture and Architecture for better Future, he added. Stating that India is witnessing urban renaissance, the Mr Naidu said the entire world is impressed by the transformation of India because of the reforms undertaken by the Government of India.

Mr Naidu also stressed on the need to use natural energy sources like Solar and stated that every building must have provisions for rainwater harvesting. Climate change is a reality and its impact must be kept in mind, he added.