UK-based British Airways has been slapped a service tax notice by the Revenue Department asking it to pay the balance of Rs 143.5 crore (Rs 1.44 billion) liability on sale of tickets in India between May 2006 and November 2007.
The drive met with opposition in Tinsukia in upper Assam leading to lathicharge by the security forces, while in Sonitpur the alleged illegal settlers claimed that it was launched about a week before the stipulated date.
The petition, filed through advocate Rizwan Merchant, claimed that after concluding the investigation in the case, a draft complaint was prepared by the department legal advisor, where charges were proposed against Aryan Khan among others.
The revenue department is examining the service tax on industry and service providers, particularly in the telecom sector, to ensure that there is no incidence of double taxation, an official of the department said.
The Madras high court on Wednesday set aside the proceedings of the Tamil Nadu revenue department locking and sealing the All India Anna Dravida Munnetra Kazhagam headquarters in Chennai following the July 11 violence, and directed that the keys of the office be handed over to party chief K Palaniswami.
The aim of the exercise was to further simplify GST forms and make the filing process more user-friendly, the finance ministry said in a tweet, reports Dilasha Seth.
'Put the assets of PMC Bank and the personal assets of the HDIL promoters and head of PMC Bank in an escrow account and ring-fence it from the ad hoc action of the revenue departments and creditors,' recommends Debashis Basu.
The chiefs of the central agencies currently have a two-year tenure.
Guntur district collector has issued a notice to mother of Rohit Vemula, the University of Hyderabad research scholar who committed suicide in January last, asking her to prove she belonged to the Scheduled Caste.
The Income Tax department Wednesday conducted searches at the premises of Bengaluru-based pharmaceutical company Micro Labs Ltd, the manufacturers of Dolo-650 tablet that was widely used by COVID-19 patients during the last over two years, on charges of alleged tax evasion. Officials said the department is looking at financial documents, balance sheets and business distributor networks of the company as part of the searches. The PTI has sent queries on the action to the company and a response is awaited.
As many as 400 fishermen from Gujarat are stranded in the Arabian Sea, 40 nautical miles off Daman coast in south Gujarat, due to the cyclonic storm advancing towards the state. Gujarat Chief Minister Narendra Modi, meanwhile, called a review meeting of the state Disaster Management Authority, the revenue department and district administration in view of the impending cyclone and directed the district administration to keep an eye on the changing weather.
Holding out no assurance of an absolute confidentiality to those disclosing foreign assets on their own, the government on Tuesday said details of information provided during the one-time compliance window can be revealed in the public interest.
This at a time companies have asked the revenue department to increase the rate in view of higher bank rates.
With rains relenting, the flood situation in northern and coastal regions of Karnataka that claimed 168 lives, improved considerably on Monday.
The agency has booked Sisodia, a 1992-batch IRS officer Sukesh Kumar Jain who was then secretary of vigilance, retired CISF DIG Rakesh Kumar Sinha who was working as special advisor to Chief Minister Arvind Kejriwal and joint director in the Feedback Unit, they said.
In the wake of the Adarsh housing scam, the Navy has found that a "huge number" of its plots were encroached upon, a top Navy official said on Wednesday.
It shows that states would require a compensation to the tune of at least Rs 1.67 trillion in 2024-25, as none of them would be able to achieve a 14 per cent growth every year.
"He withdrew his parole application on Monday," a senior official of Haryana Prisons Department said, refusing to divulge further details.
The Supreme Court is scheduled to pronounce on Thursday its order on a batch of PILs on the recent Adani group shares crash triggered by the Hindenburg Research's fraud allegations.
Supplementary provisions exceeded the original provision by as much as 239,900 per cent in 2014-15.
At least sixteen people were reported dead and another 20 were missing as an over crowded boat capsized in Uppateru channel of the Godavari river in West Godavari district on Saturday morning.
Siddaramaiah, who hails from the shepherd Kuruba caste, holds the record for presenting the highest number of Budgets in Karnataka -- 13 so far. He has often spoken about how he was mocked in 1994 before he presented his first Budget. 'Some people asked, "Can he count sheep?",' Siddaramaiah told a regional news channel.
While the directorate general of foreign trade has completed consultations with the industry and exporters, it will start interacting with the different ministries like agriculture, finance, micro, small and medium Enterprises, steel and environment. Revenue department in the finance ministry holds the key for extending benefits to exporters who are facing the brunt of recession in several major economies.
Granting partial relief to foreign companies operating in the country, the Supreme Court on Thursday reversed the judgment of the Karnataka high court that there was an obligation in each and every case of remittance made to foreign payees to deduct tax at source and only the issue of proportionality of the tax could be decided by the revenue department under Section 195 (2) of the Income Tax Act.
In a most perverse example of tax bullying, someone I know has got by three such notices reopening his assessment minutes before the midnight deadline of June 30, reveals Debashis Basu.
McMahon was being investigated by the board for agreements to pay $12 million over the past 16 years to suppress allegations of sexual misconduct
Bharadwaj said it has not rained in Delhi in the last 3-4 days, yet still the water level in Yamuna reached 208.66 metres.
The step has been taken in view of the high density of population in Mumbai where there is more possibility of spread of the disease compared to other districts.
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