Budget 2020: dispute resolution scheme for direct taxes

The Union Finance Minister Nirmala Sitharaman announced a dispute resolution scheme for direct taxes in the recent Union Budget 2020-21. Under the proposed scheme, the taxpayers whose tax demands are locked in any dispute in any of the forums can ..

Government notifies Sabka Vishwas-Legacy Dispute Resolution Scheme, 2019

Union Finance Ministry has notified Sabka Vishwas-Legacy Dispute Resolution Scheme, 2019, a dispute resolution and amnesty scheme to reduce legacy service tax and central excise cases. It will become operational from September 1, 2019 four months till December 31, 2019. ..

Month: Current Affairs - August, 2019

First-ever International Day for Victims of Acts of Violence based on Religion or Belief

The first-ever International Day for Victims of Acts of Violence based on Religion or Belief is observed on 22nd of August 2019 to honour the victims and survivors of heinous acts who often remain forgotten. This is a great opportunity ..

WTO Dispute Settlement Panel to review India’s Sugar Subsidy

The World Trade Organisation (WTO) has announced setting up of dispute settlement panel to review India’s sugar subsidy as requested by Brazil, Australia and Guatemala. What are the Objections against India? The countries allege that: India has massively increased the level ..

Australia sanctions Law to punish social media executives for violent posts

Australia’s parliament has passed a legislation to imprison executives of social media if their platforms shows real violence such as the New Zealand mosque shootings. Restrictive laws about online communication in the democratic world could lead to unpredictable results like ..

Arbitration and Conciliation (Amendment) Bill, 2018

The Union Cabinet approved the Arbitration and Conciliation (Amendment) Bill 2018 to be put before the Parliament in order to amend the 1996 Act. It is a part of the efforts of the Government to encourage institutional arbitration for settlement ..