Govt sets up committee to draft new direct tax lawCabinet gives nod to Indo-Filipino pact on customs mattersUnion Cabinet okays India's membership for EBRDCabinet extends IICA scheme till 2019-20Cabinet okays new scheme 'Mahila Shakti Kendra' (See 'TOG News')Cabinet nod for setting up of the 15th Finance CommissionSC, HC judges to get salary hike (See 'TOG News')Sikkim, Chhattisgarh adopt direct selling guidelines (See 'TOG News')TP - Inclusion or exclusion of comparables per se, is no question of law, unless it is demonstrated that relevant factors are excluded in ALP determination that impact significantly: HC (See 'TOG Latest')Income Tax - Contribution by foreign govt., made to a trust set up by the govt. in a JV with a foreign govt. exempt from income tax: ITAT (See 'TOG Latest')Central Excise - Standard units of quantity mentioned in Central Excise tariff have not been made mandatory by CBEC: CESTAT (See 'TOG Latest')Customs - When veracity of statement has not been tested by providing x-examination, penalty cannot be imposed: CESTAT (See 'TOG Latest')No dictate, even Appeal works; FMCG does the needful (See 'TOG News')DTAA - Payment made to overseas HO for use of software licence, is covered under term 'royalty' & is liable for deduction of tax at source u/s 195: ITAT (See 'TOG Latest')Income Tax - Inability to maintain quantitative & qualitative stock register, due to complex nature of Assessee's business, does not calls for rejection of books of account u/s 145(3): HC (See 'TOG Latest')Customs - No retrospective higher norms are maintainable when same was ratified & supported by actual consumption or scrap data: CESTAT (See 'TOG Latest')Service Tax - Demand of ST on transportation of lime stone by treating it as cargo handling service is not sustainable: CESTAT (See 'TOG Latest')Cooperatives ensure remunerative income for farmers & rural population: Agri Min (See 'TOG News')Coordination between regulatory authorities & pharma sector will promote new technologies: Govt (See 'TOG News')Anti-Profiteering Authority in GST- a paper tiger? (See 'TOG Insight')
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Budget 2015
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